Tuesday, July 21, 2015

First Look: U.S. Dollar Substitute to Go Public on Oct 20th?

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 on Oct 20th of this year, the IMF is expected to announce a reserve currency alternative to the U.S. dollar, which will send hundreds of billions of dollars moving around the world, literally overnight.
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.”

http://thecrux.com/dyncontent/dollar-substitute-coming/?cid=MKT035907&eid=MKT076392 

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