The Annual Meeting of the IMF and World Bank is scheduled to be held to be held in Washington DC between April 11th - 13th. Will this be D-Day for the USD as the World Reserve Currency as the 2010 IMF Code of Reforms gets to implementation stage? The probability seems high as the pressure ratchets up and moves are being made to dethrone the Petrodollar from its solitary status. New World Order? Russia and China and man certainly seems to be maneuvering towards this end, and they have the support of the BRICS and Emerging Markets. Following Chinas unwillingness to vote against Russia at the UN and yesterdays news that China will sue Ukraine for $3bn loan repayment, Managing Director and Chief Economist of investment company Sberbank Yevgeny Gavrilenkov said at the 15th governmental Chinese economic development forum in the Chinese capital on Sunday that Chinas Yuan may become the third reserve currency in the in the future. https://youtube/watch?v=K3qkxmX48EA zerohedge/news/2014-03-23/russia-returns-favor-sees-chinese-yuan-world-reserve-currency
Posted on: Mon, 24 Mar 2014 11:32:57 +0000
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