IMF calls for dollar alternative

IMF calls for dollar alternative

The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency.
The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.

While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.
Dominique Strauss-Kahn, managing director of the IMF, acknowledged there are some "technical hurdles" involved with SDRs, but he believes they could help correct global imbalances and shore up the global financial system.

For some time now we have heard the demand for a new reserve currency, as news leaks out in various places letting us know that bankers are moving us to a central currency. We see this again in CNN's report about the IMF's call for a new reserve currency.

So what does this mean for us, on the practical level? Having one, central, unified, global currency means that we will have one, central, global, unified governement, and this means a one-size fits all legislature for all peoples, under the government. That a One-World government has been predicted for near 3,000 years, is seen in the book of Daniel 7:23. Daniel is told by the angel that this world-government "will be different from all the other kingdoms and will devour the whole earth and tread it down and crush it. Dan 7:23 (NASB95)"

Each prophecy concerning the previous three world empires were accurate and have been fulfilled. The fourth is quickly taking its place. The Bible says that this kingdom will give its authority and power to one person, and this one man, one-world ruler will meet his eternal fate when the Lord Jesus returns in power and glory to claim His rightful reign on Mount Zion (a.k.a. Jerusalem). But until then, things are going to get rough as the birth pains proclaiming the Lord's return are culminating (Mt. 24:6-14).