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Thursday, July 09, 2015

What Happens To The U.S. Dollar If The IMF Announces A New Reserve Currency This Fall?

IMF headquarters in Washington D.C. expected to release huge money announcement later this year. Learn more…
The International Monetary Fund is one of the most secretive and powerful organizations in the world.
They monitor the financial health of more than 185 countries… they establish global money rules… and provide “bail-out” assistance to bankrupt nations.
And this fall, the IMF could announce a reserve currency alternative to the U.S. dollar.
In fact, in a June 25, 2015Bloomberg article, 68% of the economists they surveyed said they believe this new reserve currency will be adopted.
This could send hundreds of billions of dollars moving around the world, literally overnight.
From Stansberry Research: 
"China, China, China. And it's inevitable...
Anyone familiar with today's currency markets can see that the announcement in October will be all about China and their "renminbi" currency - known as "the yuan."
I'm as confident as I've been in two decades in finance, including after getting my Ph.D. in currencies, that in October, the IMF will approve the yuan as an additional world reserve currency. Period. End of story. "

RELATED: Is this China’s plan to destroy the U.S. Dollar?

According to Juan Zarate, who helped implement financial sanctions while serving in George W. Bush’s Treasury department:
“Once the [other currency] becomes an alternative to the dollar, rules of the game begin to change.”
And Leong Sing Chiong, Assistant Managing Director at a major central bank, said this dollar alternative “is likely to transform the financial landscape in the next 5-10 years.”


 The Shocking Consequences of IMF’s October Announcement?

What Happens To The U.S. Dollar If The IMF Announces A New Reserve Currency This Fall?:

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