Maybe some here and many Americans and other people of this world, don't fully understand how this International system works?
I'm not saying that I fully understand how this International system work, but I think CookieMonster is mostly right with what he's saying above.
To have better understanding of this, we must first understand how the whole Fiat system and the 'Dollar as a world reserve currency works!'
I can only point out the right direction to help someone but you have to do the research work yourself - and you can google most of it.
1. The Fiat system is a International system with ONE world reserve currency for the moment.
(well the Euro is now there, but most trading and Oil is still mostly done with dollars)
2. This reserve currency status was agreed upon in the International Bretton Wood Agreement 1944 with 45 governments, and has since then been the
currency for trading in the world - and has given incredible unfair advantage for creating wealth in America since 1945 with international trading and
the Petro Dollar Recycling System.
3. The BIS BANK - The IMF - The World Bank - The FED - are like the adminstrators of this International Fiat system of the world with the Dollar as
the world's reserve currency.
And The BIS Bank in Basel now acts like "The Central Bank" for other Central Banks in the world - with the Basel 2 agreement for the central
banks.
The Bank for International Settlements (BIS) is an international organisation which fosters international monetary and financial cooperation
and serves as a bank for central banks.
The BIS fulfils this mandate by acting as:
• a forum to promote discussion and policy analysis among central banks and within the international financial community
• a centre for economic and monetary research
• a prime counterparty for central banks in their financial transactions
• agent or trustee in connection with international financial operations
www.bis.org...
The Board of Directors from each country at BIS BANK
www.bis.org...
Member central banks (scroll down a bit)
www.bis.org...
The history of BIS BANK
www.bis.org...
You should research each of those organisations seperatly to fully understand their function and their part of this system.
The FED is only a small part of this gigantic machinery.
(Not 'that' small since they create the world reserve currency,
but you know what I mean!)
The IMF's primary purpose is to ensure the stability of the international monetary system. the system of exchange rates and international payments
that enables countries (and their citizens) to buy goods and services from each other.
The IMF was created in the Bretton Wood Agreement 1944 by ALL member countries who gave away part of their wealth to set up the fund - the IMF call
this ownership : 'Quotas'
Where does the IMF get its money?
The IMF's resources come mainly from the quotas that countries deposit when they join the IMF. Quotas broadly reflect the size of each
member's economy: the larger a country's economy in terms of output, and the larger and more variable its trade, the larger its quota tends to be.
For example, the United States, the world's largest economy, has the largest quota in the IMF. Quotas are reviewed periodically and can be increased
when deemed necessary by the Board of Governors.
www.imf.org...
4. To help you better understand the advantages which the USA and her Dollar had with this 'world reserve' system, I suggest you to research:
'PETRO DOLLAR RECYCLING SYSTEM'
5. All these great advantages for the US economy holding the world's reserve currency since the 1944 agreement has begun to upset some of the other
growing economies who now want a more diverse world currency basket.
Because to the world - The Bretton Wood system was an unfair system which gave advantages to the US economy
at the expense of the rest of the
world holding the Dollar as the sole reserve currency.
This is one of the reasons why you now hear all these voices from China, Germany, Russia, Japan asking to use the IMF's 'SDR' Special Drawing
Rights as the NEW world reserve currency instead of soley the Dollar.
The SDR currency basket is made up of, and contain the main other strong currencies of the world as well.
The SDR basket is based of, and contain for the moment these currencies:
Euro - Japanese yen - Pound sterling - U.S. dollar
But the G20 countries have been discussing to include the currencies of Russia and China into the new SDR basket as well, which would replace the
dollar as the SOLE world's reserve currency.
But the dollar would still be a great part of the basket, but not as the world's reserve currency soley - it would share that status with the rest of
those currencies in the basket.
This would be more fair to the rest of the world, and their growing economies.
Of course! all of this is based on the same fraudulent Fiat money system.
But to say as many do that the US is the ONLY country who is bailing out other countries in the world, just because some of these organisations are
based in the US - is not totally correct.
They are all partners in this crime.
Other countries and their taxpayers are also sending their money to these International organisations to be distributed to whatever country who
urgently needs the money - often with very tough rules & conditions attached. And the private banks and financial institution take their part of the
loot.
Some are screaming - LOOK! they are going to bail out another country with OUR tax money! lol!
Good Morning! Welcome to the club! we have ALL been in this scam since 1944!
[edit on 16-4-2010 by Chevalerous]
Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that
America is facing something approaching a debt Armageddon. 
