Steps to the Mark: (10) Step 7. The Global Currency.

[Marilyn C]

Step 7. The Global Currency.

As the American dollar value collapses during the Transition time, and all the world`s currencies with it, there will arise from the `ashes` the new world currency.




To encourage more use of the Special Drawing Rights, (SDR`s) the International Monetary Fund, (IMF) will offer a once only exchange of U.S. dollars held in a nation`s reserve, for the SDR`s. This will in effect make the nation`s currency a digital version of the SDR.

The Central Banks of the world will thus have their digital currency backed by the International Monetary Fund`s (IMF) Special Drawing Rights. (SDR`s)

This in effect makes the IMF the `Lender of last resort` for the world. The IMF`s Special Drawing Rights, (SDR`s) will be held by every country`s Central Bank giving the IMF the power to create the money of the world - a world currency.

 

[Marilyn C]

Then there is a final step. The Special drawing Rights of the International Monetary Fund are a `token` that gives the recipient access to the IMF`s basket of currencies. And that involves five different currencies - Dollar, Pound, Euro, Yen and Yuan. They need to become `one currency.`





Now a similar transation occurred in Europe when there was a token for a basket of currencies. However eventually the `token` became the money, and the euro was born. Similarly the token for the IMF`s basket of currencies will eventually become the money, (digital) for the world. The name put forward is the Bancor.





Every nation will desire to be connected to this lender of last resort, as it appears we are all in this together, and thus safe from economic collapse. The price for such `safety,` is giving the nation`s sovereign control to an unelected organisation, which is not accountable to anyone.