IMF Calls for New Currency
The U.S. dollar has been the world's reserve currency since right after WWII. Lately, we have been watching the foreshadowing events of a day when the world will call for a new reserve currency to replace the U.S. dollar.
Today may be that day.
NEW YORK (CNNMoney) -- The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency.
The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.
SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs.
"Over time, there may also be a role for the SDR to contribute to a more stable international monetary system," he said.
See it here; http://money.cnn.com/2011/02/10/markets/dollar/index.htm?iid=RNM
Yes friends,...the world is getting desperate for a new "international monetary system". A system that the coming Antichrist can get his hands on and then require EVERYONE who wants to enter the system to take certain mark. Revelation calls it the "mark of the beast".
Sadly for the USA, this coming replacement will NOT serve us well. Why? Because right now we have a certain amount of demand built into our currency. You NEED to own dollars if you are going to transact certain business anywhere on the globe.
But what will happen when the world doesn't NEED dollars for that business anymore? The DEMAND will instantly go down...which means that the value of the dollar will go down. Sometimes that can be a good thing...but in this situation, trust me.....it will not be a good thing.
The world is shaking....that's for sure.
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