Just what we had been fearing, the dollar is being targeted for replacement as the world's standard of currency. Maybe it's the debt. It's certainly the loose policy of the Fed with their printing presses cranking out endless money.
The IMF (International Monetary Fund) said that they needs something more stable than the diollar and they are looking to reduce the volatility in energy prices. Oil is calculated in US dollars. Talk about another reason for energy independence - how many do we need?
Since 1969, the IMF has had something called a Special Drawing Rights (SDRs), and they are considering expanding the use of the SDRs to replace the dollar as the world moentary standard.
Since this has not been front page news, I guess no one seems to care that much about this. Just another step into morphing into the world community and looosing our identity.
───
For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other blog homesalesinsights.com for additional sales tips, insights, and commentary. Listen to my free podcast messages at Steve Hoffacker's Happenings.
Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.
© Steve Hoffacker, 2011. All Rights Reserved.
