It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
You can think of SDRs as an artificial currency used by the IMF and defined as a "basket of national currencies". The IMF uses SDRs for internal accounting purposes. SDRs are allocated by the IMF to its member countries and are backed by the full faith and credit of the member countries' governments.
The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. With a general SDR allocation that took effect on August 28 and a special allocation on September 9, 2009, the amount of SDRs increased from SDR 21.4 billion to SDR 204 billion (equivalent to about $308 billion, converted using the rate of August 31, 2010).
Fred Bergsten, director of the Peterson Institute for International Economics, said at a conference in Washington that IMF member nations should agree to create $2 trillion worth of SDRs over the next few years.
How It Works As a member of Skillsbox, you'll have a particular set of skills and expertise – landscape gardening, for example. A fellow Skillsbox member may 'hire' you to help landscape their garden. You'll earn credits from this job which you're then free to use however you choose. You may want cooking lessons, or perhaps you need that U-bend unblocked. Whatever it is, you'll find a member with the skills to match.
Originally posted by Aloysius the Gaul
A few years ago there was a lot of speculation that the "real" reason for GW II was that Iraq started selling oil for Euro's, and Iran did - it might have been covered on here - before my time if it was - see en.wikipedia.org...
I doubt we will veto it when the time comes, especially considering the influence we have over the IMF.
Originally posted by crimvelvet
reply to post by Doomzilla
OH the RFID implants are on the way. April 2008 Thus far, about 900 hospitals on the East Coast have agreed to participate in the VeriChip system. These hospitals have received RFID interrogators that can be used to read a patient's embedded VeriChip RFID transponder to automatically access that person's medical records.
You can also find the story on the IMF abandoning the US dollar here:
More on the overall situation here:
China Plays Europe Card, Ramifications of Chinese Dollar Swap Facility
Which Currency Will Crash First?
It is from yahoo finance and has to do with insider transactions. They "BAILED" out, and stole from shareholders??
The NAIS is a 3 step phased in program
1: Federal Premises Identification Number-PIN
Anyone who houses livestock
2: Animal Identification with ISO RFID 117784/11785 tag or injectable chip-AIN
Any livestock which leaves your property must be identified....