Well, it looks like what Ben was told about the IMF hierarchy being replaced by those in favor of the New Financial System may have been right after all! This would certainly put a nail in the foot of the NWO system which is fully engorged in the Fiat Fed Dollar. Dang! Wouldn’t this just take the power right away from the Nazis?
The IMF wants to replace the U.S. dollar as their reserve currency because “the dollar is vulnerable to swings in the domestic economy and changes in U.S. policy.”
NEW YORK (CNNMoney) — The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency.
The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.
SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs
While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.
Dominique Strauss-Kahn, managing director of the IMF, acknowledged there are some “technical hurdles” involved with SDRs, but he believes they could help correct global imbalances and shore up the global financial system.
“Over time, there may also be a role for the SDR to contribute to a more stable international monetary system,” he said.
The goal is to have a reserve asset for central banks that better reflects the global economy since the dollar is vulnerable to swings in the domestic economy and changes in U.S. policy.
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