A plan to replace the dollar with a world currency originated with Columbia University economics professor Robert Mundell, who won a Nobel Prize in economics in 1999 for creating the euro and is now widely regarded as "the father of the euro."
Mundell, currently an economic consultant to China, is the originator of the suggestion that the International Monetary Fund should utilize Special Drawing Rights, or SDRs, to replace the dollar as a new standard for holding foreign exchange reserves in international trade transactions.
SDRs are international reserve assets calculated by the IMF in a basket of major currencies allocated to the IMF's 185 member nation-states in relation to the capital. The assets are largely in gold or widely accepted foreign currencies the members have on deposit with the IMF.
seems to me americans lost their soveriegnty back in 1913 when the federal reserve was allowed to print money on interest, out of thin air, is'n that the privelege of the sovereigns themselves (the people or gov who represents them?) one of the soverighn rights is money supply and control right? and right ot make laws is part of that right? who is actually making the laws since 1913? the people or the corporation known as united states? a corporate structure as it were.?
TheRosa63 1 year ago
Wow ... mainstream media???
radiospirit 2 years ago