Thread by @elleprovocateur

More conspiracy theory from Financial Times:

"With a new US admin., & [] the vaccination rollout under way, now is a good time for the major economies of the west (& ideally the world) to sit down & devise a new international #monetary order."

#GreatReset h/t @johnsteppling

"As part of that there should be widespread #debt cancellation, especially the gov't debt held by #central #banks. We estimate that amounts to approximately $25tn of gov't debt in the major regions of the global economy."

ft.com/content/39c53b…

"Whether debt cancellation extends beyond that should be central to the negotiations between policymakers as to the construct of the #new #system ...The implications for bond yields, post-debt cancellation, need to be fully thought through and debated."

"High ownership of gov't debt in that environment by parts of the financial system such as banks/insurers could inflict significant losses... recapitalisation of parts of the financial system should be included as part of the establish. of the new international monetary order."

"Equally, the impact on #pension assets also needs to be considered and prepared for."

"Secondly, policymakers should negotiate some form of anchor — whether it’s tying each other’s currencies together, tying them to a central #electronic #currency or maybe electronic special drawing rights, the international reserve asset created by the #IMF."

June 3 2020: "The #GreatReset - Remarks to World Economic Forum, Kristalina Georgieva, Managing Director, IMF"

"My thanks to His Royal Highness the Prince of Wales & to Professor Schwab for bringing us together...let me first talk about #greengrowth..."

imf.org/en/News/Articl…

June 11, 2020, #IMF: "The Global Economic Reset—Promoting a More Inclusive Recovery"

#Health #Education #lifelonglearning #Data #Finance #4IR

blogs.imf.org/2020/06/11/the…

This article is of interest.

"Supporters of the World Economic Forum's all-encompassing #GreatReset agenda are eyeing BIG changes for the global #monetary system." (emphasis in original)

fxstreet.com/analysis/the-g…

"Plans that might once have been dismissed as pure speculation or conspiracy theories are now being openly pushed by people who occupy the highest levels of power... Biden’s economic policies were grafted directly from the #BuildBackBetter language of the #GreatReset's authors."

"Biden's agenda for the economy is now being spearheaded by Treasury Sec. Janet Yellen. Last Thursday, Yellen told the G20 the United States would back a new issuance of the #IMF's international reserve asset, known as a Special Drawing Right (SDR)." (see mention in FT article)

"In 2011, the #IMF issued its first blueprint for replacing the U.S. dollar as the world's reserve currency with a global #SDR #regime."

#Economist [] Rickards predicts over coming yrs "we will see the issuance of SDRs to transnational organizations, such as the #UN & #WorldBank, to be spent on climate change #infrastructure & other elite pet projects outside the supervision of any democratically elected bodies."

"Treasury Secretary Yellen recently told the New York Times, "Too many Americans really don’t have access to easy payment systems and to banking accounts, and I think this is something that a #digitaldollar — a
#centralbank #digitalcurrency — could help with."