By JC Collins
This post is specifically structured to help readers, who may be unfamiliar with the SDR and how it works, to become more educated on the history of the SDR, and what it’s future characteristics and functions will be. As we move through the year and to the ultimate restructuring of the global monetary system, it will be important for people to understand what they can do, and how they can do it, to protect their wealth and remain viable throughout the multilateral transition.
Many times I have been asked what the average person could do to protect themselves during this transition, and just as many times I’ve given broad statements about diversification. Within the coming weeks there will be an announcement on PoM containing information on what options are available. There has been much going on behind the scenes which has been building on the realities of the multilateral transition, which, based on the events and announcements over recent weeks, can no longer be denied.
Continue reading SDR Fundamentals & Future Announcements
As expected, China has made the official request to the IMF.
Chinese Premier Li Keqiang on Monday asked the International Monetary Fund (IMF) to include the Chinese currency in the special drawing rights (SDR) basket, endorse the yuan as a global reserve currency alongside the dollar and euro.
Full article can be read here:
By JC Collins
Now that current events are confirming the analysis which has been developed here over the last year and 2 months, it’s time to move forward and understand the broader ramifications of what these changes will mean for the monetary world.
There have been numerous proclamations over the last few years in regards to the irrelevance of the International Monetary Fund and the SDR – Special Drawing Right. Now that it has been officially announced by both China and the IMF that the yuan will be added to the SDR composition by the end of this year (stating that they are in discussions is tantamount to a confirmation of such), the conspiracy theories and faulted analysis of the BRICS countries overthrowing the IMF and World Bank, and by default America, should be tossed in the trash bin where they belong.
Continue reading JASON & The Black Swan Probability
And More Mischief About the SDR, RMB, and Gold
By JC Collins
When Managing Director of the International Monetary Fund Christine Lagarde gave the speech last year where she mentioned the number 7 numerous times, the internet caught fire with theories and analysis of what exactly was meant by the term “magic seven”. Contrary to popular opinion, it had very little to do with the occult, and more to do with the forthcoming composition changes to the SDR valuation.
The purpose and theme running through the Special Drawing Right composition is also directly connected to the ending of the Swiss franc peg to the EUR. But before we get into that let’s review some of the information and logic behind the analysis which we are going to review and present in this post.
Continue reading The Real Reason the Swiss Peg Ended