According to the IMF forecast, whomever is elected U.S. president next year, will be the last to preside over the world’s largest economy.
The push for a new world currency wasn’t the only major news coming from the Soros conference, though most major news outlets ignored the entire gathering. The International Monetary Fund might be getting a new leader.
In approaching G-20 reforms being proposed by France, which holds the body’s rotating presidency, the BRICS can already point to China’s success in advancing a 6 percent shift in voting rights at the IMF that would give it the third-largest say in decision making after the U.S. and Japan.
Iceland faces more economic uncertainty and a drawn-out European court case after its voters rejected for a second time a plan to repay $5 billion to Britain and the Netherlands from a bank crash.
Once the U.S. dollar is totally destroyed, a new world reserve currency and global financial system will take its place.