The Rise of the SDR

There are many signs of the times economically.   Starting with the assumption that there will eventually be a one-world currency, there is plenty to point to.   Where do I start?   Well, we can start with the fact that a world currency already exists and is slowly becoming more prominent. 

                While not yet a one-world currency, the SDR is most certainly a world currency.   What exactly is an SDR?   SDR stands for special drawing rights and was created by the International Monetary Fund (IMF) in 1969.   The name itself is deceptive.  It feeds the misunderstanding that the SDR is somehow a basket of currencies.  It is not.  It is priced based on a basket of currencies, and it supposedly redeemable for other currencies, but at the end of the day it is as simply as this: the SDR is a world fiat currency that can be printed at will

                It is a scary proposition.   Should the SDR become the predominant world reserve currency (used for international trade settlements), the result would be a world currency that can be printed by a world organization, which can provide a stealth tax to finance a world government. 

                “Give me control of a nation’s money and I care not who makes its laws.”  That is a quote attributed to Lord Rothchild.   It makes a lot of sense.  If you control the money, what do you care about the tax laws?  You can simply tax through money printing.   If you control the money, what do you care about the budget?  You can simply print money to spend on whatever you like.   Want to foment war?  Print money.  Want to fund a police state?  Print money.  Want to persecute Christians?  Print money.  The control of fiat currency is truly ultimate control. 

                But to take it a step further, the evil one is saying, “Give me control of the world’s money, and I care not who makes the laws anywhere in the world.”   The SDR is that world money.   And when the US dollar crisis erupts (whether years or decades from now), the SDR will take over the role of the world reserve currency.   

                From my book, End Times Economics:

 

                Unfortunately, the SDR system will actually make a lot of sense from a stability standpoint (when starting with the wrong assumption that the IMF is a benevolent organization.)  It will act similarly to the gold standard in rectifying the destabilizing forces of trade imbalances.  The SDR will have an exchange rate with each currency, and trade deficits will cause the exchange rate to fall, acting as a natural trade stabilizer.  The only problem is that the power over the money will be even more centralized; it will be controlled by an unelected world governing organization. 

                When the SDR is cemented as the world reserve currency used in international trade, the power will be absolute and the possibilities for corruption endless.  The IMF could institute a stealth tax through inflation.  Printing additional SDRs to be used however they want, would be paid for by citizens worldwide in the form of inflation. 

                When the SDR system is in place, the IMF will essentially be the world central bank.  Then the emerging world government, perhaps the United Nations on steroids, could be funded with printed money.  The printed SDRs could institute whatever evil agendas that the world government desires.  There wouldn’t need to be an unpopular global tax.  The global tax would be through inflation. 

                The SDR international monetary system will open up a world of possibilities for the evil one.  The ability to print a world currency is the epitome of world domination. 

               

The SDR world currency is in our future.  It is insidious in nature.  It will start as a currency that is only used in international trade transactions.   There will be a US dollar, a Euro, a Yen; and unless you are in the import/export business or an executive at a multinational corporation, you wouldn’t ever use it.  Most won’t understand it.   Many won’t even know it exists. 

In the end, world government control will be implemented not through the barrel of a gun, but through the ink of a proverbial printing press. 

 Stay tuned.  This story will take decades to play out.