Behind Closed Doors the U.S. Is Quietly Backing a Replacement Global Currency?
- The world may be days away from a Global Currency Reset where the US Dollar will no longer be world reserve currency. The planned replacement is something called a Special Drawing Rights (SDR). How the international monetary order will be re-jigged remains to be seen. When the dollar is no longer the world currency, it will be devalued heavily. Maybe as much as 50-70% but against what?? And when the dollar goes down, I expect the rest of the fiat currencies to go down also. All fiat currencies will, IMO, go down against gold. Got physical gold/silver yet?
– - Statements by Janet Yellen, ex FedRes Chairman and now Treasury secretary, indicating a Bretton Woods, and Kristalina Georgieva, IMF Managing Director, also calling for a new Bretton Woods, indicate the death of the dollar is imminent.
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Janet Yellen Says This Week’s IMF And World Bank Meetings Will Be a ‘Bretton Woods’ Moment for The Global Economy
A New Bretton Woods Moment By Kristalina Georgieva, IMF Managing Director, Washington, DC
– - Behind Closed Doors the U.S. Is Quietly Backing a Replacement Global Currency
by Tim Denning, https://entrepreneurshandbook.co/
The U.S. Dollar Reset has been triggered by a global currency called SDR. This topic isn’t covered in mainstream media.
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This is perhaps the most important personal finance article I’ve ever written. This information is not featured in mainstream media. But it is easy to Google if you know what to search. I will link to all the legitimate sources so you understand this change, and explain it in simple terms so you don’t get lost in finance jargon.
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This change is important because when the U.S. Dollar and other currencies face a reset, it becomes a game between those who knew and those who didn’t. Many will lose a lot financially when the game of printing money out of thin air, eventually comes to a logical conclusion.
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For the crypto haters, the replacement global currency is not a cryptocurrency. The replacement global currency is an old favorite. It’s called SDR (Special Drawing Rights). What is SDR? SDR is an artificial [global] currency created by the International Monetary Fund.
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Quick History of SDR
SDR was developed in the late 1960s by the IMF (International Monetary Fund). At this point in history the IMF was afraid of a dollar crisis. The U.S. originally promised the dollar would be as good as gold.
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In 1971, President Nixon announced that dollars could no longer be exchanged for physical gold. This meant, the dollar was now backed by nothing. This situation created the dollar crisis, hence the IMF’s fear. The IMF originally created SDR as a successor for the U.S. dollar. The currency never took off. Until recently, only $200 billion in SDR has been created in the last 50–60 years. SDR became a sleeping giant, waiting for a moment in history to be awoken.
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