![]() When the IMF prints SDRs and hands them out to governments, those instruments can then be redeemed for U.S. dollar, the euro, the Japanese yen, the British pound, and most recently, even the Communist Chinese yuan. It is based on a basket of currencies including the U.S. dollar with as the global reserve asset held by governments and central banks. Special Drawing Rights are basically the proto-global currency issued by the IMF that globalists are working to replace the U.S. Part two would come next year, once the start of a new five-year period begins. The first batch, to be issued this year, would amount to $650 billion total - the highest amount possible without Congress. To get around that, the IMF and Yellen are scheming to break the $1 trillion issuance into two parts. ![]() share of the new $1 trillion SDR allocation being pushed by the IMF and its allies amounts to almost $175 billion, triggering the legal requirement for congressional approval. government allocates more than $120 billion - the amount of its proportional stake in the global organization - during any five-year period. law, America’s elected representatives must approve any SDR issuance by the IMF in which the U.S. dollars on foreign nations that it is even working quietly to bypass the U.S. COVID-19 is merely the pretext.Īccording to media reports, the Biden Treasury, led by radical activist Janet Yellen, is so anxious to shower U.S. ![]() It is all part of a much-broader agenda being peddled as the “Great Reset” that will - if successful - fundamentally transform the world. dollar as the global reserve currency while redistributing America’s remaining wealth to foreigners and Third World regimes. The International Monetary Fund, in cahoots with the Biden administration, is preparing to issue $1 trillion worth of new “Special Drawing Rights” (SDRs), paving the way to replacing the U.S. Article audio sponsored by The John Birch Society
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