IMF: The world economy is worse off than we thought

[catmax]

So what might this have to do with the Dinar... maybe nothing but I thought it was interesting.

 

http://money.cnn.com/2015/01/19/news/economy/imf-world-outlook/index.html

 

 

[10 YEARS LATER]

Pretty interesting, coming from the very same folks that engineered this mess in the First place.

 

T Y CatMax for the article.

[BJinMontreal]

Hey cat - thanks, but the headline is a bit misleading as the opinion piece made no actual references to real IMF documents to support the claims, just pulled numbers out of thin air by the look of it.  Just another CNN money story.

[coorslite21]

Catmax

My take on the whole situation is this.

We have seen some fore shadowing of what’s ahead with the financial difficulties in Iceland, Cyprus, Greece and soon Spain and Ireland. The Euro will disappear.  (google any of those countries along with monetary reform/financial difficulties)

We could wake up any morning and find out that there has been a change in our own monetary system,  which likely will mean that our dollar buys less.  (It happened in the US on Aug 15, 1971 when Nixon took us off of a partial Gold standard and put us into a Fiat currency.  The USD was also devalued by 5%)

The US will always be a major player no matter what happens, however the world has grown tired of the control we’ve had for the past 60 years and they are starting to look past us.

The petro dollar used to be the only currency with which oil was traded. No longer is that true. The USD was the one and only World Currency Reserve. That is changing. These two changes will have a profound affect on our country.

The IMF and financial powers including the US created some reforms to help even things out in 2010. All agreed at the time and the only country that hasn’t followed thru on the reforms has been the US.

We have over 18 trillion in debt, and over 220 trillion in Derivative debt, neither can ever be paid off.

Changes will occur and the IQD will be a part of all of this, as will many other currencies.

This will not be the end of the world by any means, but it will be a change of power, and the way things work around the world.

 

As things deteriorate financially around the world, we are closer to seeing this change.

As always, JMHO

[umbertino]

I ain't no Economist here but let  me guess...Rich Getting richer and Poor getting poorer. Shocking

Edited February 23, 2015 by umbertino