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Under the title ‘Monetary reform would rebalance trade’ a very interesting op-ed appeared in the Wall Street Journal of March 28th In the thought provoking article Mr. Rushton, director of the Project on Exchange Rates and the Dollar at the Jack Kemp Foundation, writes: ‘Contrary to claims coming from some trade hawks, America’s large and persistent Read the full article…
James Rickards is a veteran Wall Street insider and bestselling author. He is the guy the CIA invites to play economic war games. So when he starts to talk ‘reset’ I am listening; “China wants to do what the U.S. has done, which is to remain on a paper currency standard but make that currency Read the full article…
The IMF published this press release October 31, 2016; The IMF has invited a group of experts to discuss the role of the SDR. The group will assess whether and how a broader role for the SDR could contribute to the smooth functioning of the international monetary system The International Monetary Fund (IMF) started discussions on the Read the full article…
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. Now, a new anchor for world’s monetary system needs to be found. Read the full article…
Since the publication of his book the End of Alchemy we knew the former Bank of England president Mervyn King does not longer believe in current monetary policies of creating money out of thin air. But in a recent interview for a publication of the World Gold Council he goes even further. Under the title ‘Misguided policies and economic risk’ Read the full article…