• Welcome to Christian Forums
  1. Welcome to Christian Forums, a forum to discuss Christianity in a friendly surrounding.

    Your voice is missing! You will need to register to be able to join in fellowship with Christians all over the world.

    We hope to see you as a part of our community soon and God Bless!

  2. The forums in the Christian Congregations category are now open only to Christian members. Please review our current Faith Groups list for information on which faith groups are considered to be Christian faiths. Christian members please remember to read the Statement of Purpose threads for each forum within Christian Congregations before posting in the forum.
  3. Please note there is a new rule regarding the posting of videos. It reads, "Post a summary of the videos you post . An exception can be made for music videos.". Unless you are simply sharing music, please post a summary, or the gist, of the video you wish to share.
  4. There have been some changes in the Life Stages section involving the following forums: Roaring 20s, Terrific Thirties, Fabulous Forties, and Golden Eagles. They are changed to Gen Z, Millennials, Gen X, and Golden Eagles will have a slight change.
  5. CF Staff, Angels and Ambassadors; ask that you join us in praying for the world in this difficult time, asking our Holy Father to stop the spread of the virus, and for healing of all affected.
  6. We are no longer allowing posts or threads that deny the existence of Covid-19. Members have lost loved ones to this virus and are grieving. As a Christian site, we do not need to add to the pain of the loss by allowing posts that deny the existence of the virus that killed their loved one. Future post denying the Covid-19 existence, calling it a hoax, will be addressed via the warning system.

Steps To The Mark. Step 2. Preparations For The New System. (continued)

By Marilyn C · Jan 11, 2021 ·
  1. The IMF Basket of Major Currencies.

    The Special Drawing Rights are allocated to member states as a low alternative to debt financing for building reserves. Today there are five major countries in the IMF basket of currencies. The Chinese Yuan is the last one to be added to the Basket.

    English pound, American dollar, European Euro, Japanese Yen, and Chinese Yuan. (5)

    6c.  IMFbasket.jpg

    The New SDR- System.

    Over the past few years there have been many voices calling for a New SDR-System to be the basis of the World`s financial & economic system. To name a few ....

    In 2010 there was published an article be the former Finance minister of Colombia. It was titled `Building an SDR-Based Reserve System.`

    In 2016 in China`s most prominent international monetary magazine, there was an article titled `Revive the IMF`s SDR Substitution Fund.` It explained in detail how a transition from a dollar-centred system towards an IMF-SDR system was planned as early as the 1970`s.

    Many believe that now 50 years later after its introduction, an SDR Substitution Fund, could well be the best approach to kick-start the SDR as a truly World Reserve Currency.

    This substitution Fund would enable central banks to exchange their U.S. dollars for SDR`s. Thus they would diversify away from the dollar and be dropping the U.S. dollar as the anchor for the world`s monetary system.

    Also the IMF has increased its commodity content, (gold) and included major emerging markets. Note there are currently 190 countries members of the IMF.

    Commercial `parties` will also be given new SDR-money (M-SDR`s) to be used as SDR-denominated financial market instruments.

    Thus a New SDR-System is emerging to replace the U.S. dollar as the World`s reserve currency.

Comments

To make a comment simply sign up and become a member!