News
Tuesday //6January2004 - 14:30 (UTC) The progressive devaluation of the
Dollar and its relative loss of purchasing power,
could cause the breakdown of the whole monetary system, Euro included,
within August/September 2005.
Monday, 29 December 2003 - 16:30 (UTC) - 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 http://www.federalreserve.gov/releases/h6/hist/h6hist1.txt 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.
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