Legacy Research’s Nick Giambruno is warning us about SDR.
“ Remember every currency reset occurred during a war, riot, or a pandemic.
All the “powers that be” needed was a global disaster.
The coronavirus hit.
A global pandemic was the perfect opportunity.
IMF managing director Kristalina Georgieva wasted no time when she said in a recent broadcast…
“We face a ‘New Bretton Woods’ moment”.
In simple terms…
The Bretton Woods Conference in 1944 gave the U.S. dollar its FINAL dominance…
I believe a “Bretton Woods” moment in 2021 could downgrade and reset it.
Only this time, the reserve currency could not be controlled by one nation…
But by the IMF and its friends.
Look, for half a century, the IMF “printed” its own currency.
They call it Special Drawing Rights or SDR.
A very vague name for a currency, you bet.
That’s by design.
Most Americans have no idea SDRs exist…
But governments routinely use the SDR as “world money.”
Is this for real? I thought crypto would replace fiat….
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