KW: Jim Rickards is the only financial commentator telling us about SDR’s (Special Drawing Rights) being the new world order currency to replace the US dollar. This extract is from his latest newsletter. It appears mainstream financial media are completely in the dark about SDR’s as when I ask people in the industry what they know about SDR’s they stare back at me blankly….. what are you talking about. Has the revolution started and they are in the dark?

I’ve been writing about the rise of world money, called the “special drawing right” (SDR) for years. The SDR is part of the global elite plan to displace the dollar as the global reserve currency and replace it with a new form of fiat money. This new form of money is controlled by the IMF and unaccountable to any elected democratic agency. The purpose of SDRs is to create global inflation after years of failure by central banks to do the same. It’s one thing to warn about a development. It’s another thing to see it unfold before your eyes. The rise of SDRs is no longer a theoretical experiment; it’s happening in real-time. On July 15, 2016, the IMF issued a playbook calling for more “M-SDRs” (the “M” stands for “market” and is a reference to privately issued SDR instruments, as opposed to official SDRs, or “O-SDRs,” issued by the IMF itself). On Aug. 31, 2016, just six weeks after the IMF greenlight, its sister institution, the World Bank, issued SDR500 million (equal to $700 million) of bonds in the new world currency. Importantly, the new SDR bonds were issued in China (the lead underwriters were four Chinese banks), which has a keen interest in the success of the SDR market to undermine the dollar. Read more about why there will be many more bond issues like this in the near future. Think of each SDR bond issue as another shovelful of dirt on the dollar’s grave.

Source: UPDATE 2-World Bk sells landmark SDR bonds at lower-end of guidance, challenges loom | Reuters