Tag: SDR

The Federal Reserve Note “Dollar” Is Indeed Dying, but Not Next Week

The Federal Reserve Note “Dollar” Is Indeed Dying, but Not Next Week

Some say the U.S. dollar may die 5 days hence. The Chinese renminbi will kill it. Much is being made of plans by the International Monetary Fund (IMF) to add the renminbi to its basket of strategic reserve currencies called Special Drawing Rights (SDR). The IMF will make the change on October 1. While the implications for the Federal Reserve Note, currently the U.S. dollar, as the world’s primary reserve currency may be profound over time and the importance of this event should not be overlooked, the impact is unlikely to happen overnight. The composition of the SDR may change on October 1, but few people understand what the SDR […]

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A Glimpse Into The New Monetary Architecture

A Glimpse Into The New Monetary Architecture

This is an excerpt from the latest Advisory Board meeting by Incrementum Liechtenstein. In this article, we highlight the thoughts of Jim Rickards and Heinz Blasnik when it comes to the future of our monetary system, and their views are rather surprising.

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