Friday the 13th, 2015 will be yet another highly significant day in history for as long as it’s allowed to be known.
I’m going to steer your thoughts in to a different direction at the moment concerning this day, because, the worlds financial system was warned of what’s to come, just as America was made aware of things about to happen within our borders looking at the Paris attacks as an example.
Christina Lagarde, the current head of the IMF issued a press release the day of the attacks. I’m writing this today due to the lack of coverage by everyone. This press release explains to everyone that China has met the criteria to be inducted in the current basket of world reserve currencies which make up the IMF’s currency the SDR, or Special Drawing Rights.
Here’s the verbage of the IMF’s official press release;
Statement by Ms. Christine Lagarde on IMF Review of SDR Basket of Currencies
Press Release No. 15/513
November 13, 2015
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF) issued the following statement today:
“The staff of the IMF has today issued a paper to the Executive Board on the quinquennial review of the SDR. A key focus of the Board review is whether the Chinese renminbi (RMB), which continues to meet the export criterion for inclusion in the SDR basket, also meets the other existing criterion, that the currency be “freely usable”, which is defined as being “widely used” for international transactions and “widely traded” in the principal foreign exchange markets.
“In the paper, IMF staff assesses that the RMB meets the requirements to be a “freely usable” currency and, accordingly, the staff proposes that the Executive Board determine the RMB to be freely usable and include it in the SDR basket as a fifth currency, along with the British pound, euro, Japanese yen, and the U.S. dollar. The staff also finds that the Chinese authorities have addressed all remaining operational issues identified in an initial staff analysis submitted to the Executive Board in July.
“I support the staff’s findings. The decision, of course, on whether the RMB should be included in the SDR basket rests with the IMF’s Executive Board. I will chair a meeting of the Board to consider the issue on November 30.”
IMF COMMUNICATIONS DEPARTMENT
Phone: 202-623-7100 202-623-7100
To See For Yourself, Click Below;
IMF Press Release Chinese Yuan and SDR–
What does this mean?
It means our worlds are about to change, drastically, in my opinion of course.
The current basket consists of a group of “friends” US, JP, EU, BP. Adding China in here opens the door to what many countries have been wanting… an option other than the US$.
Let’s just hope there’s not another significant event on the day of the official announcement used as a reason for the sudden value adjustments in the currencies of the world, and that the video below does not come to fruitition.