They monitor the financial health of more than 185 countries… they establish global money rules… and provide “bail-out” assistance to bankrupt nations.
And on Oct 20th of this year, the IMF is expected to announce a reserve currency alternative to the U.S. dollar, which will send hundreds of billions of dollars moving around the world, literally overnight.
According to Juan Zarate, who helped implement financial sanctions while serving in George W. Bush’s Treasury department, “Once the [other currency] becomes an alternative to the dollar, rules of the game begin to change.”
And 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.”
According to currency expert, Dr. Steve Sjuggerud (recently featured on CNBC, and Bloomberg),
“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.”Dr. Sjuggerud says if you own any U.S. assets—and that includes stocks, bonds, real estate, or just cash in a bank account–you should be aware of what’s about to happen, and know how to prepare.
“The announcement will start a domino effect, that will basically determine who in America gets rich in the years to come… and who struggles.”
Experts say this announcement, expected Oct. 20th, could trigger one of the most profound transfers of wealth in our lifetime.
http://thecrux.com/dyncontent/dollar-substitute-coming/?cid=MKT035907&eid=MKT076392
