We noted in another blog entry today about the consolidation of world stock markets and how that is playing into a new global economic world order. Well at the same time world markets are being gobbled up by a German company, the International Monetary Fund is calling for the replacement of the U.S. dollar as the worlds reserve currency. In its place, a basket of currencies grouped together in what is known as Special Drawing Rights, (SDR’s). The interesting thing is, the IMF has said that if there is enough political will these SDR's could morph into an outright new global world currency. Wow!!
Such a single world currency would make it so much more easier to institute a new global economic order where borders would simply disappear, Transactions would likely become digital only, (using the mark of the beast system), and would utilize this new global world currency.
We are racing very quickly to the global economic world order of the Antichrist. So much leg work has either been completed or is currently in the works, as these articles attest to.
From the articles:
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.
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Dominique Strauss-Kahn, managing director of the International Monetary Fund, has called for a new world currency that would challenge the dominance of the dollar and protect against future financial instability. “Global imbalances are back, with issues that worried us before the crisis - large and volatile capital flows, exchange rate pressures, rapidly growing excess reserves - on the front burner once again,” Strauss-Kahn said. “Left unresolved, these problems could even sow the seeds of the next crisis.”
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But the IMF certainly does not view SDRs as the "final solution" to global currency problems. Rather, the IMF considers SDRs to be a transitional phase between what we have now and a new world currency. In this newly published report, the IMF makes this point very clearly: "In the even longer run, if there were political willingness to do so, these securities could constitute an embryo of global currency." Yes, you read that correctly. The SDR is supposed to be "an embryo" from which a global currency will one day develop. So what about the U.S. dollar and other national currencies? Well, they would just end up fading away.
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Now that it has passed Japan United States China
IMF calls for dollar alternative
Shocking New IMF Report: The U.S. Dollar Needs To Be Replaced As The World Reserve Currency And SDRs "Could Constitute An Embryo Of Global Currency"
In China
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