BOE Chairman Mark Carney Calls for a Reset of Global Monetary System, Thinks The Dollar Can No Longer Be The World’s Reserve Currency

• Why Mark Carney Thinks The Dollar Can No Longer Be The World’s Reserve Currency
  by Tyler Durden, https://www.zerohedge.com/
  While Jerome Powell’s highly anticipated Jackson Hole speech was, in the words of Brean Capital’s Russ Certo “underwhelming and anti-climatic”, one couldn’t say the same for the shocking luncheon speech by Bank of England’s outgoing governor, Mark Carney, titled “The Growing Challenges for Monetary Policy in the current International Monetary and Financial System“, where he dedicated no less than 23 pages to a stunning – for a central banker – cause: to describe why the dollar’s  “destabilizing” reserve status role in the world economy has to end, and why central banks need to join together to create their own replacement reserve currency, one potentially tied to Facebook’s new “stablecoin” Libra, although in reality any “Synthetic Hegemonic Currency” as Carney defined it would do.
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  Another shocking aspect of Carney’s speech: the sense of urgency in his warning, and the extent of the social turmoil and chaos should policymakers ignore his warning. The BOE head went so far as to admit that very low equilibrium interest rates had in the past coincided with wars, financial crises and abrupt changes in the banking system. In short: we are on the verge of major socio-economic upheaval, and not because some ultra fringer blogger says so, but because one of the most respected central bankers in the world, a former Goldman partner to boot, is warning a financial apocalypse is coming.
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  As some suggestions to avoid this financial armageddon, Carney pitched what for years had been considered as merely yet another “conspiracy theory”: making the IMF’s SDR a reserve currency, specifically saying that as a first step to reorder the world’s financial system, countries could triple the resources of the IMF to $3 trillion as a better alternative to countries protecting themselves by racking up enormous piles of dollar-denominated debt.
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  [T]he central banks, led by the BIS and IMF, know EXACTLY what they are doing.  I have been warning for years about the globalist plan to undermine the monetary stability of nation states and then replace the dollar itself with a new world reserve alternative for years.  Carney is not the first elitist to suggest this outcome.   Mohamed El Erian, Christine Lagarde, Putin and the Kremlin, not to mention the Chinese central bank have ALL suggested that a new one world currency is coming to replace the dollar.  Largarde even admitted that plans are in motion for a crypto-based global currency model.  I outlined this end game in multiple articles, a few of which can be read HERE, HERE, and HERE. Carney’s statement is not so shocking; it was actually quite predictable.
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  The closer we get to the global economic reset, the more central bankers are going to publicly push the idea of a cashless society and a one world currency system.
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  Everything the alternative media has warned about for years; all the outcomes other people have called “conspiracy theory”, will soon be treated as “common knowledge”…
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