You are viewing a single comment's thread from:

RE: 5 Reasons Why The USD Will Not Lose Its Reserve Status

in LeoFinance2 years ago

5 great, inarguable points. But there is more to the story... Much More!
There were many events in the past 6+ years that are not referenced in your article, Task, but far be it from me to assume you are unaware of these.

  1. There is actually a whole list of WRC's of which the U$D is #1 at approximately 5/8 the total. I believe this is to facilitate the other "majors" being convertible into U$D. Some are the GBPound, Euro, Japanese Yen, Swiss and German.
  2. In 2015, I read about inclusion (backed up by articles on the IMF website) of the Chinese Yuan into the WRC currency list... SPECULATION (or Chinese disinformation?) was that all existing WRC partners were to be reduced by HALF, and the Yuan was to be installed as the NEW PRIME WRC at half the Pie. This obviously did not happen. The IMF cited a couple of critical "stress tests" that were not met by the Chinese.
  3. Subsequent to this, I read on the IMF site, the plan was shifting to adding the Chinese Yuan to the SDR or "Special Drawing Rights" basket of currencies. This included a similar mix as the WRC, with slightly different ratios. I could not find any of the earlier references to the WRC discussion I had seen before.

I believe all of this to be true, I have seen it all with my own eyes. I also hae seen evidence that the IMF has concrete plans for worldwide crypto. It fits the description EXACTLY but instead of decentralized ledger, they call it Distributed Ledger. I sure hope your prediction that Globalism is DEAD comes true, in spades.

Posted Using LeoFinance Beta