Former Greek PM Admits To Talks On New Reserve Currency

Jim Rickards has been right all along about the IMF Special Drawing Rights.  That's also why I've been following him for years.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/6_Former_Greek_PM_Admits_To_Talks_On_New_Reserve_Currency.html

Because Central Banks Just Aren't Enough: G-20 Will Ask IMF To Print Reserve Currency

As predicted years ago, the IMF is now being asked to print Special Drawing Rights in order to save the Euro zone from implosion.  The global financial system has reached the brink, and this is the last Hail Mary.

http://www.zerohedge.com/news/because-central-banks-just-arent-enough-g-20-will-ask-imf-print-reserve-currency

New currency

The Chinese and Brazilians decided to trade in their own currencies, in a diversification away from a sinking USDollar. Then the Chinese and the Russians demanded a new world reserve currency, the IMF's Special Drawings Rights (SDR), which is an index of the USDollar, the Japanese yen, the Euro, the British Pound Sterling. With the closure of the gold window in 1971, SDR's are no longer pegged to gold.

The middle eastern petroleum exporting countries, the so-called the Gulf Cooperating Council (GCC), are creating a new currency, the Riyal, in an effort to sell their crude oil in a denomination other than the USDollar.

It seems every country is nervous about USDollar hegemony due to its plummeting value. Now even the banana republics are trashing the dollar, and welcoming the Sucre.

http://www.presstv.ir/detail.aspx?id=116914§ionid=3510213

Folks, this is no longer science fiction. It's the real deal, and an indictment against the prodigious printing press of the US Treasury.