Finnick Odair: Lauren Goldman October 18, 2015 at 11:18pm
This report came from therackerreport.com, page 3.
The Racket Report – 10/20/15 Will Be THE END Of The U.S. DOLLAR As We Know It – International Monetary Fund
The IMF (International Monetary Fund) threatens to kill the U.S. dollar according to Bloomberg and other sources. The International Monetary Fund is expected to announce a reserve currency alternative to the U.S. dollar on October 20, 2015. Experts say this will send hundreds of billions of dollars moving around the world, literally overnight.
This announcement is expected to trigger one of the most profound transfers of wealth in our lifetime. Bloomberg reports that this decision comes on the heels of China pushing for their own currency to be elevated to reserve currency status. Experts are saying if you want to protect your savings and retirement, you need to get your money out of the U.S. dollar investments and into the one asset class that rises as currencies collapse.
The IMF is one of the most powerful, secretive organizations in the world. They monitor the financial health of more than 185 countries. They establish global money roles and provide “bailout” assistance to bankrupt nations. Some are warning that any move by the IMF to supplant the U.S. dollar could be catastrophic to American investments.
According to Juan Zarate, who helped implement financial sanctions while serving in George W. Bush’s Treasury Department, “once the other currency becomes alternative to the dollar, rules of the game begin to change”
Leong Sing Chiong, Assistant Managing Director at a major central bank, said this dollar alternative “is likely to transform the financial landscape in the next 5-10 years.”
Currency expert Dr. Steve Sjuggerrud warned, “I’ve been active in the markets for over two decades now, but I’ve never seen anything that could move so much money, so quickly. Hundreds of billions of dollars could change hands in a single day after this announcement is made. The announcement will start a domino effect, that will basically determine who in America gets rich in the years to come, and who struggles.”
So as we say goodbye to the U.S. dollar’s dominance, it doesn’t have to mean goodbye to your savings and retirement. Experts are recommending that you remove at least some of your savings and retirement from the dollar backed, paper-based financial system and protect it with the one asset that has outlasted every fiat currency ever invented the last 5,000 years: Gold.
Share this information with your friends and family before the October 20 deadline. Don’t watch your money fly in the wind!