thanks to their SDR carbon trading ponzie scheme.
SDR Rates for September 3
1 USD = SDR 0.659949
SDR Interest Rate = 0.29%
More SDR info click for more http://www.imf.org/external/np/fin/data/param_rms_mth.aspx
IMF ponders the improbable: Will U.S. default?
1 September 2010, by Howard Schneider (The Washington Post)
http://voices.washingtonpost.com/political-economy/2010/09/imf_ponders_the_improbable_wil.html
Excerpt:
It's not a pleasant thought for anyone holding some of the roughly $9 trillion in U.S. government bonds and notes currently in public hands - or for anyone hoping the global economy can stay on an even keel.
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Using a concept known as "fiscal space" - basically how much latitude a country has to borrow before markets will shut off the spigot by demanding unsustainable interest rates - the IMF staff drew a bright red line through five nations it considers to be running out of room: Greece, Iceland, Italy, Japan and Portugal. Of the 23 developed nations it analyzed, four others, including the U.S., received a yellow caution flag.
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In the case of the U.S., the fund said the odds were roughly three out of four that the country could increase its total debt to some degree without being penalized by investors -- logical considering that the debt is steadily increasing and interest rates remain low and steady.
However that probability falls to an even 50-50 if the amount of new borrowing were to exceed fifty percent of GDP - or about $7 trillion given the current, $14 trillion size of the U.S. economy.
That might seem like plenty, except for the fact that under current Office of Management and Budget projections the "fiscal space" may fast disappear. The OMB projects total U.S. debt to jump by about $4.7 trillion in the next five years, leaving little room after that.
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"Markets may give little or no warning," Ostry said, pointing to the recent troubles in Greece. "The debt limit is the point at which you bounce off to infinity. It is a point that you want to strenuously avoid."
World Bank Threatens “Drastic Steps Necessary” if Nations Refuse Population Reduction Implementation
Jurriaan Maessen
Infowars.com
September 2, 2010
It’s the eugenicist in the Discover Channel building multiplied by a million. Not simply a lone eco-terrorist saying “parasitic human infants” must die, but one of the largest international financial institutions demanding it. To make the contrast even more remarkable, James J. Lee scared the living daylights out of some Discovery Channel employees, the IMF & World Bank take hostage entire nations.
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| The IMF & World Bank take hostage entire nations. | |
In its 1984 World Development Report, the World Bank threatens nations who are slow in implementing the Bank’s “population policies” with “drastic steps, less compatible with individual choice and freedom.”
The report, literally saturated with dehumanizing proposals, is devoted entirely to the World Bank’s long-term strategies in regards to population control:
“(…) economic policy and performance in the next decade will matter for population growth in the developing countries for several decades beyond; population policy and change in the rest of this century will set the terms for the whole of development strategy in the next.”
To illustrate how serious the World Bank is in achieving the overall strategy objectives on population control, the report does not shy away from outright threats:
“Population policy has a long lead time; other development policies must adapt in the meantime. Inaction today forecloses options tomorrow, in overall development strategy and in future population policy. Worst of all, inaction today could mean that more drastic steps, less compatible with individual choice and freedom, will seem necessary tomorrow to slow population growth.”
In the Foreword, then President of the World Bank and 1985 Bilderberg attendee, A.W. Clausen stated:
“(…) although the direct costs of The World Bank programs to reduce population growth are not large, a greater commitment by the international community is sorely needed to assist developing countries in the great challenge of slowing population growth.”
“(…) governments can use incentives and disincentives to signal their policy on family size”, the report continues. “Through incentives, society as a whole compensates those couples willing to forgo the private benefits of an additional child, helping to close the gap between private and social gains to high fertility.”
To give an adequate illustration of the World Bank’s preference for all-out government control over the people, and their intent on meddling in people’s personal decisions, the following quote will suffice (page 107):
“By taxing and spending in ways that provide couples with specific incentives and disincentives to limit their fertility, government policy can also affect fertility in the short run. Government can offer “rewards” for women who defer pregnancy; it can compensate people who undergo sterilization for loss of work and travel costs; and it can provide insurance and old-age security schemes for parents who restrict the size of their families. Each of these public policies works through signals which influence individual and family decisions- when to marry, whether to use contraception, how long to send children to school, and life expectancy, and whether and how much family members work.”
http://www.infowars.com/world-bank-threatens-drastic-steps-necessary-if-nations-refuse-population-reduction-implementation/
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