Fri, Aug 5, 2011 - 4:46pm
This slipped largely under the radar, but the IMF is making noise about creating a new "SDR" reserve currency, which will basically be a token that can be cashed in for any country's money.
This is actually a BIG deal, because currently anyone with billions of dollars to stash buys US Treasury bonds (as Martin Armstrong says, "You can't put that kind of money in a bank.") If they suddenly have a less-volatile alternative, Uncle Sam is going to have a hard time peddling his wares.
Interestingly, the New World Order conspiracy folks have been predicting a global currency for a while, as a first step to global government. How long before the non-negotiable SDR tokens become the ONLY negotiable currency?
Edited by: Paladex on Nov 8, 2014 - 5:04am