Jim Rickards: IMF made secret deal to kill US dollar; replacement is world currency

USD will be replaced with a world currency called Special Drawing Rights (SDR)

Jim Rickards Sunday, January 30, 2011

4/5/16 – Internationally renowned global macro-economist, lawyer, and author of The Death of Money, James Rickards says a secret deal has been struck to kill the US dollar, and replace it with a world currency called Special Drawing Rights (SDR). Continue reading “Jim Rickards: IMF made secret deal to kill US dollar; replacement is world currency”

IMF executive board to vote on Yuan inclusion Nov 30

The staff nod makes approval by the fund’s board this month all but certain

Yuan_ paper money_1200x-1

China’s yuan is poised to enter the big leagues of global currencies, according to the judgment of the International Monetary Fund.

IMF staff have recommended the yuan be included in the fund’s Special Drawing Rights reserve-currency basket, alongside Continue reading “IMF executive board to vote on Yuan inclusion Nov 30”

IMF reportedly set to elevate Yuan Nov. 30

“China’s currency is poised to enter the big leagues” alongside the dollar

China_KWN_Coin in Globe

The rumors that have been circulating in recent weeks have all but been confirmed: China’s yuan, or renminbi, currency is about to secure the IMF’s approval for world reserve status. Continue reading “IMF reportedly set to elevate Yuan Nov. 30”

IMF officially greenlights the acceptance of China’s currency behind chaos of Paris attacks

Treasury Secretary Lew met with Chinese Vice Premier Wang Yang and Finance Minister Lou Jiwei on the sidelines of the G-20 Leaders Summit

China World Currency billboard_KWN-Maguire-II-3272015

Is it just odd timing that this announcement comes behind the chaos of the Paris attacks?  Or is the quiet announcement designed to float under the radar?  Is this a classic diversion technique, for example, when criminals start a fire in one place so they can rob a bank around the corner? Continue reading “IMF officially greenlights the acceptance of China’s currency behind chaos of Paris attacks”