SDR creates its own fiat currencies out of thin air

There's IMF has allegedly been given power to create its own SDR fiat currency in order to provide stimulus to member nations. This first currency will generate more of the main currencies in use via their Central Banks - yes, the Central Banks create currency at will. This debases currencies and destroys savings. It makes national debt easier as it is has been agreed the SDR will be lent without interest.

We still get to pay interest though. 

They create currency from nothing.

They lend it via their Central Banks to government bank. I have a strong suspicion that although the Central Banks will not pay interest, they will charge some interest to the government banks, which will be passed down the food chain.

This video hints at part of the picture. You have to understand the Central Banking System to connect the dots as I have. 

https://youtu.be/CKvdPoRb_8k

BitCoin gets a rival; one that's spawned by the controllers

Central banks beat Bitcoin at own game with rival supercurrency

Bitcoin is a failing experiment but its spin-off effects may change the world CREDIT: AP

•  Ambrose Evans-Pritchard (The Telegraph.co.uk)

13 MARCH 2016 • 12:29PM

Computer scientists have devised a digital crypto-currency in league with the Bank of England that could pose a devastating threat to large tranches of the financial industry, and profoundly change the management of monetary policy.

The proto-currency known as RSCoin has vastly greater scope than Bitcoin, used for peer-to-peer transactions by libertarians across the world, and beyond the control of any political authority.

The purpose would be turned upside down. RSCoin would be a tool of state control, allowing the central bank to keep a tight grip on the money supply and respond to crises. It would erode the exorbitant privilege of commercial banks of creating money out of thin air under a fractional reserve financial system.  

“Whoever reacts too slowly to these developments is going to take it on the chin. They will lose their businesses,” said Dr George Danezis, who is working on the design at University College London.

"My advice is that companies should play very close attention to what is happening, because this will not go away," he said.  Layers of middlemen in payments systems face a creeping threat across the nexus of commerce, stockbroking, currency trading or derivatives. Many risk extinction over time.

“Deep in the markets there are dark pools buying and selling shares, and entities that facilitate that foreign exchange. There are Visa, Master, and PayPal. These are the sorts of guys that we are going to disrupt,” he said.

 Read more here

NWO overhauls Ecuador without mercy

A quote from "The Synagogue Of Satan - Updated, Expanded, And Uncensored" by Andrew Carrington Hitchcock. This shows just how much control the globalists have over entire countries. They had control hundreds of years ago, they had it in 1983, and they have it now!

"1983: In order that Ecuador’s government be allowed a loan of one and a half billion dollars from the Rothschild controlled International Monetary Fund (IMF), they are forced to take over the unpaid private debts Ecuador’s elite owe to private banks. Furthermore in order to ensure Ecuador can pay back this loan, the IMF dictate price hikes in electricity and other utilities. When that doesn’t give the IMF enough cash (or rather, interest) they ordered Ecuador to sack 120,000 workers.

"Ecuador are also required to do a variety of things under a timetable imposed by the IMF. These include: raising the price of cooking gas by 80% by November 1st, 2000; transferring the ownership of its biggest water system to foreign operators; granting British Petroleum (BP) the rights to build and own an oil pipeline over the Andes; and eliminating the jobs of more workers whilst reducing the wages of those remaining by 50%."

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Strauss-Kahn falls in Olympian brawl over bailout—go with Glass-Steagall!

Commentary from CEC Australia and Lyndon LaRouche on the world financial system meltdown. I have been waiting for things to reach this boiling point for some time. It seems to me that the whole mess will probably become visible to the general public within the next 3 to 6 months as it unravels more...
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A vicious brawl has erupted in the boardrooms of central banks and government treasuries over whether to respond to the new wave of global meltdown with another round of hyperinflationary bailout—or not—which is why Dominique Strauss-Kahn has lost his job as the IMF’s “Third World-rapist-in-chief”.
Dominique Strauss-Kahn’s antics in his hotel suite are not why he was arrested and thrown in the clink: he led the faction of financiers pushing for a last hurrah bailout before the whole system implodes, and thus has now been removed from the picture by those opposed to that suicidal lunacy.
U.S. physical economist Lyndon LaRouche, the world’s leading economic forecaster and originator of the call for a global Glass-Steagall banking reorganisation to replace the bailouts, declared on 21^st May that Strauss-Kahn’s downfall changes the course of history:
“We’re now having a general collapse, of the entire international financial-monetary system. It is an absolutely assured collapse … if certain changes are not made now, and they seem to become likely because of what happened to Strauss-Kahn in New York City, which has changed the course of history in a very significant degree. Because he was supposed to be setting into motion the effort to save [U.S. Federal Reserve Chairman Ben] Bernanke, [U.S. Treasury Secretary Timothy] Geithner, and Obama, from delivery to Hell, by pushing through another round of bailout in the international system. Now, what happened to him in New York, was simply an attempt to ensure that there would not be another bailout of this global financial system …”
LaRouche continued, “The entire system is now going to crash in one of two ways: Either by some unlikely prospect, the backers of Obama, Geithner, and Bernanke will survive this—in which case all Hell busts loose, or they won’t survive it, in which the situation becomes much more interesting. And what happened to Strauss-Kahn, is an absolutely crucial part of this turning point which has been reached in the past two weeks … Now, there are two kinds of collapses: There’s either the collapse of the international speculative system, or there’s the collapse of the world economy, and a general genocidal collapse of civilisation globally. Those are your two options, and we’re at the point where that decision, and only that decision, has any significance.”

source:  Citizens Electoral Council of Australia, Media Release 27th of May 2011