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IMF’s ‘Substitution Fund’ to kick-start SDR as new global currency?

from cdfund.com:

After seven years of Chinese pressure, a plan allowing investors to exchange their U.S.
Treasury holdings for SDRs through a ‘substitution fund’ is being discussed.

The Big Reset (2013) fully explains the need for a major reform of the world’s financial system. At that time of publication, most people still had no clue what form the unfolding financial endgame would take. A few years further on, and as interest rates have reached a level not seen in 500 years, many are now starting to agree major monetary changes are needed urgently.

Two major problems need to be addressed. First we will need to find a new anchor for the world’s monetary system, and secondly, worldwide debt restructurings, comparable to debt jubilees in ancient times, have to be arranged.

Read More @ cdfund.com

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4 comments to IMF’s ‘Substitution Fund’ to kick-start SDR as new global currency?

  • Craig Escaped Detroit

    A thousand dead-ends (substitute this or that for REAL MONEY).

    Skip all the krappolla and & exchange today’s paper fiats for real silver & gold.

    Delay another day and it just might kill you.

    • Millicent

      “just might” but I have some assurance that I’ll be here tomorrow…
      In the old South they used to say: “Might Could…”

      That’s unless Howard Doark breaks into my house beats me to death with a bag of kitty litter.

  • Ed_B

    “The Big Reset (2013) fully explains the need for a major reform of the world’s financial system.”

    HA! As if this will do diddly. IMO, the world’s financial system can’t be reformed as long as the same jack-wagons who f***ed everything up are still in charge of the “New and Improved” version. This is Titanic deck-chair rearranging at its finest.

  • Pippi

    ” This is Titanic deck-chair rearranging at its finest.”
    Or do you possibly mean the Olympic deck-chair rearranging? Interesting to note who cancelled their trip at the last minute and who died on the ship who were against the proposed US banking reforms that would become the Federal Reserve.
    Another insurance policy payout. Sound familiar?
    Why They Sunk the Titanic:https://www.youtube.com/watch?v=McGfcdI8Qv0.

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