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The International Monetary Fund is one of the most secretive and powerful organizations in the world.
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.”
...in order for you to see the transcription you have to leave the page of the video and a pop up window is asking you whether to stay or leave. When you click stay on the page it switches to the transcription instead of the video. However when you try to put the direct link to the transcription, it still shows you the video and you have to go to the above steps to see the transcription.
Mark Down This Date: October 20, 2015
For the first time in 35 years, an upcoming announcement could start a new era in modern finance, and could create a once-in-a-lifetime moneymaking opportunity.
Thank you for joining us. I'm Jared Kelly... here with Dr. Steve Sjuggerud, a former mutual fund Vice President and hedge fund manager.
Steve is Chief Strategist at one of the world's largest independent financial research firms - with over 400,000 clients in 170 countries.
He's appeared on Fox Business, CNBC, and Bloomberg Television. Now Steve - you've just released one of the biggest financial predictions of your career... and it's been going viral. Give us the breakdown.
DR. STEVE SJUGGERUD
Well, I don't know if I'd call them riots...But yes, within hours of the announcement - people all along the Swiss border realized there was an incredible arbitrage opportunity. So they flooded the local currency exchange centers to get Euros. I mean there were two-hour lines at currency kiosks. Some Swiss ATMs didn't even have enough Euros to dispense.
And I remember that made the Wall Street Journal...
After the fact, sure, the story made headlines... but you didn't see a paper like the Wall Street Journal, USA Today, or The New York Times predict it, at least not to my knowledge.
originally posted by: NeoSpace
Is there any way to buy this new currency before the dollar becomes worthless.