IMF report: The U.S. dollar needs to be replaced as the world reserve currency and SDRs "could Constitute An global currency

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investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
IMF report: The U.S. dollar needs to be replaced as the world reserve currency and SDRs "could Constitute An global currency

And shifting away from the U.S. dollar as the reserve currency of the world would be disastrous for the U.S. economy.

Right now the fact that the U.S. dollar is the primary reserve currency of the world is one of the only things holding it up.  If you took that support away the U.S. dollar could end up collapsing quite quickly.

Let us hope that the American people wake up and start insisting that we want no part in a global currency.  If we ever allow a world currency to start replacing the U.S. dollar to a large extent, we will lose a great deal of our economic sovereignty.  Not that we haven't lost most of it already, but at least if we are still using our own national currency there is a greater chance that we can reclaim it.

http://theeconomiccollapseblog.com/archives/shocking-new-imf-report-the-...

dshields's picture
dshields
Status: Platinum Member (Offline)
Joined: Oct 24 2009
Posts: 599
Very Important

You are so right.  This is extremely important.  If the SDR is used as the "reserve currency" we will all be in big trouble.  The trouble will be on a number of fronts.  If you think the Fed sucks just wait until you get to meet the global Fed - LOL.  Any politician who agrees with this needs to be voted out at the next election - I don't care what political party they are in.  This is not like the other wedge issues like abortion, this is the real deal.  This is how you lose control of your country, your life, and your financial security.

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