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Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.
"That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now," he said in a speech on the future mandate of the 186-nation Washington-based lending organization.
Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF's special drawing rights, or SDRs, the accounting unit that countries use to hold funds within the IMF. It is based on a basket of major currencies.
Originally posted by In nothing we trust
If they are relasing this information via mass media, it means that they already have a reserve currency set up and ready to go.
He said an increase of more than 850 billion dollars to the Fund's resources over the past year "should be sufficient to meet demand in the coming period."
Originally posted by swimmer10
Wow! Definitely want to keep an eye on this one, especially since it is out in the mainstream news sources already. If this ever goes through it could be very bad indeed. (Biblically speaking)
Originally posted by swimmer10
Wow! Definitely want to keep an eye on this one, especially since it is out in the mainstream news sources already. If this ever goes through it could be very bad indeed. (Biblically speaking)
Originally posted by In nothing we trust
Originally posted by swimmer10
Wow! Definitely want to keep an eye on this one, especially since it is out in the mainstream news sources already. If this ever goes through it could be very bad indeed. (Biblically speaking)
IMF replaces Federal Reserve?
Originally posted by swimmer10
reply to post by In nothing we trust
Not Necessarily the IMF replacing the federal reserve but it looks like a step toward a unified world currency, which would be a step closer to a unified world government. That is what would be bad Biblically speaking
[edit on 26-2-2010 by swimmer10]
Originally posted by Stormdancer777
Originally posted by swimmer10
reply to post by In nothing we trust
Not Necessarily the IMF replacing the federal reserve but it looks like a step toward a unified world currency, which would be a step closer to a unified world government. That is what would be bad Biblically speaking
[edit on 26-2-2010 by swimmer10]
Yes, NWO, correct?
We would be a very large third world nation with parts of it rich and other parts dirt poor.
Originally posted by swimmer10
Originally posted by Stormdancer777
Originally posted by swimmer10
reply to post by In nothing we trust
Not Necessarily the IMF replacing the federal reserve but it looks like a step toward a unified world currency, which would be a step closer to a unified world government. That is what would be bad Biblically speaking
[edit on 26-2-2010 by swimmer10]
Yes, NWO, correct?
Yes Exactly, because a christian I believe that the "NWO" is established at the end times.
I was kind of thinking that the NWO was the Bank for International Settlements in Switzerland, but I am now more inclined to believe that the NWO would instead rise out of DC.