Replacing The U.S. Dollar With An SDR Note “Remains The Overriding Vision”
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By Rory Hall
The Epoch Times recently published their follow up to the G20 Meeting held in early September in China. It is interesting to note how their reporting dramatically differs from the typical Western media reporting. Had a person followed only Western media outlets for reporting on the G20 meeting one would have come away with the sense that the only thing accomplished was Obama and Russian President Putin facing off in a stare down that looked like two boxers about to go toe-to-toe.
In an article The Daily Coin published we clearly stated the meetings that would take place on the “sidelines” would be where the real meetings would determine the next step(s) in the, currently, unfolding monetary shift. The Federal Reserve Note, U.S. dollar, is now on the chopping block of history. While the axe has not been lowered it is certainly being sharpened. China has made it clear there is going to be a change and “the United States had to go along with the Chinese because they hold a large portion of the U.S. government debt.” I have heard it said before – the debtor is the slave to the creditor and the master determines the fate of the slave.
“Behind the scenes, the system preparations have been made to the international monetary system which will allow us to introduce the SDR as one of the world’s reserve currencies, as a world reserve currency which could become and replace the dollar.”
He [Willem Middlekoop] thinks the United States had to go along with the Chinese because they hold a large portion of the U.S. government debt. This does not mean, however, that the dollar will become meaningless in the near future, as it is still the most important currency within the SDR basket.
“Adding the Chinese yuan to the SDR is a great way for the United States to stay in control. The U.S. dollar is still more than 42 percent of the SDR, even after Oct 1. So this is a solution which is acceptable for both the Chinese and the Americans. Even Putin can agree with this. By upgrading the SDR the United States will become less important, but it will still be the leading currency. Both Russia and China understand the need for the dollar for the foreseeable future.” Source
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