[{"id":"df35539","elType":"section","settings":{"margin":{"unit":"px","top":"0","right":0,"bottom":"0","left":0,"isLinked":false}},"elements":[{"id":"c1818de","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"a7d26b7","elType":"widget","settings":{"title":"Great Reset Moving Rapidly Toward Proto Global Currency","align":"center","title_color":"#FB051F","typography_typography":"custom","typography_font_family":"Archivo Black","typography_font_size":{"unit":"px","size":44,"sizes":[]},"typography_font_weight":"600","text_shadow_text_shadow_type":"yes","text_shadow_text_shadow":{"horizontal":0,"vertical":-4,"blur":10,"color":"rgba(0, 0, 0, 0.85)"},"_animation":"zoomIn","typography_font_size_mobile":{"unit":"px","size":29,"sizes":[]},"header_size":"h1"},"elements":[],"widgetType":"heading"}],"isInner":false}],"isInner":false},{"id":"180f46f","elType":"section","settings":[],"elements":[{"id":"be776a0","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"96824fd","elType":"widget","settings":{"title":"IMF with Biden administration preparing to issue $1 trillion worth of new \u201cSpecial Drawing Rights\u201d (SDRs)","align":"center","title_color":"#1707FA","typography_typography":"custom","typography_font_family":"Archivo Black","typography_font_weight":"600","typography_text_transform":"capitalize","typography_font_style":"italic","typography_font_size_mobile":{"unit":"px","size":25,"sizes":[]}},"elements":[],"widgetType":"heading"}],"isInner":false}],"isInner":false},{"id":"fc3ca2b","elType":"section","settings":[],"elements":[{"id":"85f0d38","elType":"column","settings":{"_column_size":100,"_inline_size":null},"elements":[{"id":"a82f577","elType":"widget","settings":{"editor":"<header class=\"entry-header post-title\"><h2 class=\"entry-title display-4 display-2-lg mt-2\" style=\"text-align: center;\"><a href=\"https:\/\/thenewamerican.com\/great-reset-imf-to-redistribute-u-s-wealth-via-proto-global-currency\/\"><span style=\"color: #0000ff;\"><strong>Great Reset: IMF to Redistribute U.S. Wealth Via Proto-Global Currency<\/strong><\/span><\/a><\/h2><div class=\"entry-meta post-atribute mb-3 small text-muted\"><span class=\"byline mr-2 mr-md-3\">\u00a0by<span class=\"author vcard\"><a class=\"url fn n font-weight-bold\" href=\"https:\/\/thenewamerican.com\/author\/alex-newman\/\">\u00a0Alex Newman<\/a><\/span><\/span><span class=\"posted-on mr-2 mr-md-3\">\u00a0<time class=\"entry-date published updated\" datetime=\"2021-03-30T16:22:56-05:00\">March 30, 2021<\/time><\/span><\/div><div class=\"social-share mb-3 d-print-none\">\u00a0<\/div><\/header><div class=\"entry-content post-content\"><figure class=\"image-single-wrapper d-print-none\"><img class=\"img-fluid lazy wp-post-image loaded\" src=\"https:\/\/thenewamerican.com\/assets\/sites\/2\/imf-1.jpg\" alt=\"Great Reset: IMF to Redistribute U.S. Wealth Via Proto-Global Currency\" width=\"750\" height=\"500\" data-src=\"https:\/\/thenewamerican.com\/assets\/sites\/2\/imf-1.jpg\" data-was-processed=\"true\" \/><figcaption class=\"bg-themes\">metamorworks\/iStock\/Getty Images Plus<\/figcaption><\/figure><p>The International Monetary Fund, in cahoots with the Biden administration, is preparing to issue $1 trillion worth of new \u201cSpecial Drawing Rights\u201d (SDRs), paving the way to replacing the U.S. dollar as the global reserve currency while redistributing America\u2019s remaining wealth to foreigners and Third World regimes. It is all part of a much-broader agenda being peddled as the \u201cGreat Reset\u201d that will \u2014 if successful \u2014 fundamentally transform the world. COVID-19 is merely the pretext.<\/p><p>According to media reports, the Biden Treasury, led by radical activist Janet Yellen, is so anxious to shower U.S. dollars on foreign nations that it is even working quietly to bypass the U.S. Congress. Under U.S. law, America\u2019s elected representatives must approve any SDR issuance by the IMF in which the U.S. government allocates more than $120 billion \u2014 the amount of its proportional stake in the global organization \u2014 during any five-year period.<\/p><p>The U.S. 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. To get around that, the IMF and Yellen are scheming to break the $1 trillion issuance into two parts. The first batch, to be issued this year, would amount to $650 billion total \u2014 the highest amount possible without Congress. Part two would come next year, once the start of a new five-year period begins.<\/p><p>Special Drawing Rights are basically\u00a0<a href=\"https:\/\/thenewamerican.com\/waking-up-to-a-world-currency\/\">the proto-global currency<\/a>\u00a0issued by the IMF that globalists are working to replace the U.S. dollar with as the global reserve asset held by governments and central banks. It is based on a basket of currencies including the U.S. dollar, the euro, the Japanese yen, the British pound, and most recently, even the Communist Chinese yuan. When the IMF prints SDRs and hands them out to governments, those instruments can then be redeemed for U.S. dollars.<\/p><p>So far, very few prominent voices have publicly cried foul on this IMF-Biden scheme. However, on March 25, even the establishment-minded editorial board of the\u00a0<em>Wall Street Journal\u00a0<\/em>slammed the IMF scheme and its co-conspirators in the Biden administration in a piece headlined \u201c<a href=\"https:\/\/www.wsj.com\/articles\/special-dollars-for-dictators-11616624610\" target=\"_blank\" rel=\"noreferrer noopener\">Special Dollars for Dictators<\/a>.\u201d In the sub-headline, the editorial describes why the\u00a0<em>Journal\u2019s<\/em>\u00a0editors are upset: \u201cTreasury is ducking Congress on $1 trillion in new IMF foreign aid.\u201d<\/p><p>While the\u00a0<em>Journal<\/em>\u00a0explanation is good, it only scratches the surface of the problem. For instance, the editorial opens up by complaining about the fact that the military junta in Myanmar will be receiving nearly $1 billion in foreign aid, partly at U.S. taxpayer expense, from the IMF SDR printing, despite U.S. sanctions. Other dictatorships will also be receiving big bucks, courtesy of Uncle Sam, under the IMF scheme backed by Biden. Almost $5 billion would go to the mullahs in Tehran.<\/p><p>The editorial also highlights the effort to \u201cduck\u201d or \u201cskirt\u201d federal laws requiring Congress to weigh in. \u201cThis is one more way in which the executive branch is commandeering Congress\u2019s constitutional powers,\u201d the editorial board laments, calling on lawmakers to re-write the law to reclaim Congress\u2019s power of the purse. And the<em>\u00a0Journal<\/em>\u00a0points out that under the IMF scheme, numerous governments that do not qualify as \u201cpoor\u201d would be receiving subsidies from wealthier nations (such as the United States) that are meant for genuinely poor nations.<\/p><p>Those are all valid concerns. But far more significant than keeping Congress out of the loop or bailing out dictatorships are the broader implications of this scheme. Allowing the IMF to create funny money out of thin air and hand it out to governments is even more outrageous than allowing the U.S. Federal Reserve to create fiat currency out of thin air for its banker owners and their cronies. And eventually, the goal of the IMF\u2019s scheming is to build a new global monetary order that would be able to finance the architecture of \u201cglobal governance.\u201d<\/p><p>That all of this is part of a much broader agenda is not hard to discover. As\u00a0<em>The New American<\/em>\u00a0has been documenting for well over a decade, the Deep State intends to eventually sideline the United States and its rapidly depreciating dollar in favor of new global institutions such as the IMF and the SDR. The goal is to literally\u00a0<a href=\"https:\/\/thenewamerican.com\/waking-up-to-a-world-currency\/\">turn the SDR into a global currency<\/a>, and<a href=\"https:\/\/thenewamerican.com\/the-emerging-global-fed\/\">\u00a0the IMF into a Federal Reserve-style central bank with the power to feed the budding global government with endless \u201cquantitative easing.\u201d<\/a><\/p><p>Top world leaders, UN agencies, and even the IMF itself have all admitted this publicly, albeit quietly. And while they spent years condemning those who noticed as \u201cconspiracy theorists,\u201d at this point, global elites are now shouting their agenda from the rooftops \u2014 ironically, as a supposed solution to the disgraceful \u201cmonetary system\u201d they run and the COVID tyranny they imposed to destroy the economy. But the truth is now being pumped out, at least to mid-level wanna-be elites who read the establishment\u2019s pseudo-elite propaganda organs.<\/p><p>The<em>\u00a0Financial Times<\/em>, for instance, came right out of the closet and called for the IMF\u2019s SDR to replace the U.S. dollar. \u201cPolicymakers should negotiate some form of anchor \u2014 whether it\u2019s tying each other\u2019s currencies together, tying them to a central electronic currency or maybe electronic special drawing rights, the international reserve asset created by the IMF,\u201d\u00a0<a href=\"https:\/\/www.ft.com\/content\/39c53b9f-f443-4dde-9cdb-07e8999ec783\" target=\"_blank\" rel=\"noreferrer noopener\">wrote<\/a>\u00a0Longview Economics boss Chris Watling on March 18 in a piece for the\u00a0<em>Financial Times<\/em>\u00a0peddling a \u201cGreat Reset\u201d that also contained an unusual amount of truth.<\/p><p>Even before that, top globalists were peddling that narrative, albeit with less urgency and less justification. At the World Economic Forum \u2014 the leading front institution for the looming \u201cGreat Reset\u201d \u2014 Columbia University Professor Jos\u00e9 Antonio Ocampo called for turning the SDR into \u201ca true global currency\u201d not long before the pandemic began. Since then, the calls have only become more blatant, with little explanation of the consequences or implications of such a dramatic step toward global rule by unaccountable elites.<\/p><p>In early March, the IMF\u00a0<a href=\"https:\/\/www.imf.org\/en\/About\/FAQ\/imf-response-to-covid-19\" target=\"_blank\" rel=\"noreferrer noopener\">released a \u201cQ&amp;A\u201d about its response to COVID-19<\/a>\u00a0that tried to sugarcoat its unprecedented scheming. From bragging about all the funds it is printing up and handing out, to practically begging for even more power and resources, the global institution\u2019s screed is hard to believe. But it fits in with the noises that have been coming from the IMF since the start of the COVID pandemic about how more globalism, more monetary gimmicks, and more Big Government will be needed to supposedly save nations and people.<\/p><p>Right at the start of the pandemic, the IMF was openly scheming on this front, with top IMF leaders speaking of \u201cboosting global liquidity\u201d (printing more money and robbing those with savings) by creating SDRs. In her response to the virus, IMF boss Kristalina Georgieva of Bulgaria, one of the top promoters of the Great Reset, sounded positively gleeful about the opportunity to accelerate the push for globalism.<\/p><p>\u201cHow deep the contraction and how fast the recovery depends on the speed of containment of the pandemic and on how strong and coordinated our monetary and fiscal policy actions are,\u201d she said during a March 26 G20 meeting. \u201cWe must act at par with the magnitude of the challenge. For us at the IMF it means working with you to make our crisis response even stronger. For this we ask your backing to double our emergency financing capacity and\u00a0<em>boost global liquidity through a sizeable SDR (Special Drawing Right) allocation<\/em>, as we successfully did during the 2009 global crisis and by expanding the use of swap type facilities at the Fund.\u201d (Emphasis added.)<\/p><p>Georgieva also boasted that the IMF could \u201cquickly disburse $50 billion through its emergency financing facilities\u201d to \u201chelp\u201d poorer nations \u201cdealing with COVID-19.\u201d Those governments have already \u201casked the IMF to make an SDR allocation\u201d for them, she said. The IMF boss vowed to make up to $1 trillion in lending capacity, too. In short, global \u201cquantitative easing\u201d with the global wannabe currency SDR, made up of a basket of national currencies including the dollar, is setting the stage for even \u201cbolder\u201d actions during the next crisis.<\/p><p>As the<em>\u00a0Wall Street Journal\u00a0<\/em>pointed out, this abuse by the IMF and the Biden administration is a backdoor bailout for tyrants and a lawless effort to bypass Congress and federal law. However, even more significantly, it is a dangerous scheme to globalize the monetary system and allow the global elites to rule humanity without national governments being able to stand in the way. Instead of allowing the IMF to redistribute Americans\u2019 wealth by stealth, Congress should seize on this outrageous abuse to formally withdraw from the IMF and all of its schemes.<\/p><p>As for the \u201cGreat Reset\u201d envisioned by the global elites, it is a transparent scheme to destroy individual rights and the remaining vestiges of nation-state economic and monetary power. Even basic private property rights are in the crosshairs, as top Great Reset frontmen have explained publicly. Instead of a Great Reset to a global currency and global centralization of power, a real reset to a legitimate U.S. dollar backed by something of value is the only real, sustainable solution to the economic catastrophe facing humanity.<\/p><h3><span style=\"color: #0000ff;\"><em><strong>Great Reset Moving Rapidly Toward Proto Global Currency<\/strong><\/em><\/span><\/h3><p><img class=\"wp-image-432 size-medium aligncenter\" src=\"https:\/\/cryptogrizz.com\/wp-content\/uploads\/2021\/01\/Untitled-design-300x300.png\" alt=\"Great Reset Moving Rapidly Toward Proto Global Currency\" width=\"300\" height=\"300\" \/><\/p><\/div><p class=\"p1\"><b>Check Out Our Crypto Privacy Site: <\/b><a href=\"https:\/\/cryptogrizz\/\"><span class=\"s1\"><b><i>https:\/\/CryptoGrizz<\/i><\/b><\/span><\/a><b><i>.com<\/i><\/b><\/p><p class=\"p1\"><b>Check Out Our Crypto Trading Site: <\/b><a href=\"https:\/\/cryptogrizztrader.com\/\"><span class=\"s1\"><b><i>https:\/\/CryptoGrizzTrader.com<\/i><\/b><\/span><\/a><\/p>","text_color":"#161515","typography_typography":"custom","typography_font_family":"Roboto","typography_font_size":{"unit":"px","size":20,"sizes":[]},"typography_font_weight":"700"},"elements":[],"widgetType":"text-editor"}],"isInner":false}],"isInner":false}]