Both the US and Ukraine economies are fueled by dollar mythology and are on the brink of financial collapse. While Russia and several other countries have been increasing their gold reserves in preparation for a worldwide economic crash, the US has been digging itself deeper into dollar debt. For the time being, faith in the myth that those with dollars are rich keeps the dollar afloat. Most trade in the world is still done in dollars, and since many other countries are also up to their necks in dollar debt, if the dollar fails, so will they. The US, of course, knows this. This is why it promised Ukraine loans of $17 billion in paper money through the International Monetary Fund (IMF). IMF Managing Director, Christine Lagarde, described the loan as being risky, but the IMF does not take risks any more than any other lender. Financial loans companies are obliged to know what collateral will guarantee a loan. globalresearch.ca/ukraine-and-crimeas-vanishing-gold/5394306
Posted on: Sun, 03 Aug 2014 00:41:55 +0000