Mon 29 Dec - 9:30 AM|
International Monetary Found.
With a 212,794 million SDRs (unit of account) capital, par to approximately 313,898 million US Dollars (253,042 millions of Euro), the International Monetary Found (IMF) is unable to accomplish its control task of the global monetary market, which consists of a monetary mass (M3) of 8,861 billions of US Dollars and of a value equal to more than 800 thousand billions of US Dollars in the world, more than half of them constituted by speculative transactions (160 thousand billions OTC).
If you also consider that the real value of one US Dollar is almost the 3.6 per cent of its nominal value and that the other currencies, Euro included, are guaranteed for more than the 70 per cent by US Dollars, the huge chasm where the monetary system is finished will appear to you.
In a few months, all the national currencies could lose up to the 90 per cent of their purchasing power.