Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-54847 Mon, 01 Sep 2014 21:35:26 GMT MFI-Miami To Begin Investigating Student Loan Fraud And Collection Abuses http://implode-explode.com/viewnews/2014-09-01_MFIMiamiToBeginInvestigatingStudentLoanFraudAndCollectionAbuses.html iehi-feed-54846 Mon, 01 Sep 2014 18:36:38 GMT Washington's "Pivot" hits a Brick Wall. Obama's "Catastrophic Defeat" in Ukraine http://implode-explode.com/viewnews/2014-09-01_WashingtonsPivothitsaBrickWallObamasCatastrophicDefeatinUkraine.html iehi-feed-54845 Mon, 01 Sep 2014 16:47:16 GMT More Sanctions: Europe Will Ban Purchase Of Russian Bonds; However Russian Gas Exports Remain Untouched http://implode-explode.com/viewnews/2014-09-01_MoreSanctionsEuropeWillBanPurchaseOfRussianBondsHoweverRussianGa.html iehi-feed-54841 Sun, 31 Aug 2014 15:07:39 GMT Why Won't the Miners Fight Back? http://implode-explode.com/viewnews/2014-08-31_WhyWonttheMinersFightBack.html iehi-feed-54838 Sun, 31 Aug 2014 14:48:58 GMT Schaeuble Sees Draghi's Instruments for Growth Exhausted http://implode-explode.com/viewnews/2014-08-31_SchaeubleSeesDraghisInstrumentsforGrowthExhausted.html iehi-feed-54836 Sun, 31 Aug 2014 02:33:50 GMT U.K. Wants EU to Block Russia From SWIFT Banking Network http://implode-explode.com/viewnews/2014-08-30_UKWantsEUtoBlockRussiaFromSWIFTBankingNetwork.html iehi-feed-54834 Sat, 30 Aug 2014 15:45:36 GMT And Here's to You Mr. & Mrs. Robinson -- Will Quiet Title Hold Up in California? - Mandelman Matters http://implode-explode.com/viewnews/2014-08-30_AndHerestoYouMrMrsRobinsonWillQuietTitleHoldUpinCaliforniaMandel.html iehi-feed-54833 Fri, 29 Aug 2014 18:14:24 GMT Michigan Democrats Finally Address Economic Genocide Against Middle Class Homeowners http://implode-explode.com/viewnews/2014-08-29_MichiganDemocratsFinallyAddressEconomicGenocideAgainstMiddleClas.html iehi-feed-54831 Fri, 29 Aug 2014 17:40:26 GMT Falling Housing Prices Are Causing Violent Protests In China http://implode-explode.com/viewnews/2014-08-29_FallingHousingPricesAreCausingViolentProtestsInChina.html iehi-feed-54830 Fri, 29 Aug 2014 17:39:01 GMT Japan economy stalls as incomes, spending languish http://implode-explode.com/viewnews/2014-08-29_Japaneconomystallsasincomesspendinglanguish.html iehi-feed-54829 Fri, 29 Aug 2014 17:33:32 GMT JPMorgan and Other Banks Struck by Hackers http://implode-explode.com/viewnews/2014-08-29_JPMorganandOtherBanksStruckbyHackers.html iehi-feed-54828 Fri, 29 Aug 2014 17:32:07 GMT The Buyback Party Is Over; Market Running on Fumes - Albert Edwards http://implode-explode.com/viewnews/2014-08-29_TheBuybackPartyIsOverMarketRunningonFumesAlbertEdwards.html iehi-feed-54825 Fri, 29 Aug 2014 01:25:22 GMT ​From Minsk to Wales, Germany is the key on Ukraine Conflict - Pepe Escobar http://implode-explode.com/viewnews/2014-08-28_FromMinsktoWalesGermanyisthekeyonUkraineConflictPepeEscobar.html iehi-feed-54824 Thu, 28 Aug 2014 17:09:13 GMT How The Coming Silver Bubble Will Develop - Ted Butler http://implode-explode.com/viewnews/2014-08-28_HowTheComingSilverBubbleWillDevelopTedButler.html iehi-feed-54823 Thu, 28 Aug 2014 17:06:43 GMT British Columbia, Ontario to Cooperate on Yuan Trading Hub http://implode-explode.com/viewnews/2014-08-28_BritishColumbiaOntariotoCooperateonYuanTradingHub.html iehi-feed-54822 Thu, 28 Aug 2014 15:36:42 GMT One World, One Bank, One Currency - Rickards http://implode-explode.com/viewnews/2014-08-28_OneWorldOneBankOneCurrencyRickards.html Leading the way, says Rickards, will be the International Monetary Fund. "The task of re-liquefying the world will fall to the IMF because the IMF will have the only clean balance sheet left among official institutions. The IMF will rise to the occasion with a towering issuance of SDRs, and this monetary operation will effectively end the dollar's role as the leading reserve currency."

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A 42-page IMF paper published in January 2011 with the innocuous-sounding title "Enhancing International Monetary Stability -- A Role for the SDR?" -- lays out what Rickards describes. "A multiyear, multistep plan to position the SDR as the leading global reserve asset. The study recommends increasing the SDR supply to make them liquid and more attractive to potential private-sector market participants such as Goldman Sachs and Citigroup... The IMF study recommends that the SDR bond market replicate the infrastructure of the U.S. Treasury market, with hedging, financing, settlement and clearance mechanisms substantially similar to those used to support trading in Treasury securities today."

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The genius of the scheme is that the SDRs would create inflation... but ordinary people wouldn't know SDRs were causing it. "Any inflation caused by massive SDR issuance would not be immediately apparent to citizens. The inflation would show up eventually in dollars, yen and euros at the gas pump or the grocery, but national central banks could deny responsibility with ease and point a finger at the IMF."

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iehi-feed-54821 Thu, 28 Aug 2014 13:09:59 GMT Europe will be Russia's hostage over gas supplies for at least another decade http://implode-explode.com/viewnews/2014-08-28_EuropewillbeRussiashostageovergassuppliesforatleastanotherdecade.html iehi-feed-54820 Thu, 28 Aug 2014 13:01:17 GMT Lars Schall - Interview With Ambrose Evans-Pritchard http://implode-explode.com/viewnews/2014-08-28_LarsSchallInterviewWithAmbroseEvansPritchard.html iehi-feed-54819 Thu, 28 Aug 2014 12:57:51 GMT Russian Central Bank prepares bill to create SWIFT analog in Russia http://implode-explode.com/viewnews/2014-08-28_RussianCentralBankpreparesbilltocreateSWIFTanaloginRussia.html iehi-feed-54818 Thu, 28 Aug 2014 12:55:45 GMT The DSKing Of Christine Lagarde: IMF Head Formally Charged In Fraud Probe http://implode-explode.com/viewnews/2014-08-28_TheDSKingOfChristineLagardeIMFHeadFormallyChargedInFraudProbe.html