IMF creating global currency called Sdr imfcoim.
by Izzill | April 28, 2021 5:10 pm
Hello everyone can you guys share ya thoughts on this
https://www.investopedia.com/news/imf-chief-suggests-imfcoin-cryptocurrency-possibility/
https://link.medium.com/Hdr778lJPfb
Source URL: https://www.stockgumshoe.com/2021/04/microblog-imf-creating-global-currency-called-sdr-imfcoim/
I agree that we’ll generally see currencies decline in value/purchasing power for the next few decades, as has been the case for the past 90 years or so .
I’m not at all worried about the SDR, though. That has been held out as a “global elites destroy the dollar through nefarious means” bogeyman for the last 10-15 years, and I think those stories are mostly conspiratorial fearmongering. Wrote about it some here: https://www.stockgumshoe.com/reviews/the-casey-report/caseys-dangerous-imf-agenda-to-reset-the-u-s-dollar/
I worry about plenty of things, and agree that inflation is likely to be a problem over time and owning hard assets and companies with pricing power will be important… but I don’t worry about the SDR.