Over the past several months, there has been a number of analysts
“predicting” how the Federal Reserve Note, the U.S. dollar, is going to
collapse or the impact the renminbi being added to the SDR basket of
currencies is going to blow apart the financial system, or, my personal
favorite, gold-backing this currency or that currency while gold begins
moving to $10,000 per ounce. If you want facts, you discuss changes with
the people that are actually influencing the changes or a member of the
team creating the change.
Dr. Warren Coats served on the IMF from 1976 to 2003.
He became chief of the Special Drawing Rights (SDR) division in 1983
and remained until he retired. Dr. Coats has more experience with the
SDR than anyone else on planet earth. He also knows a little something
about currencies after working with well over twenty different countries
to either strengthen their currency or develop a new currency. Dr.
Coats understands gold and understands gold as money.
I have stated before discussing the SDR is about sexy as discussing
grass growing; however, sometimes sexy is not what we need. This is one
of those times. Our economy is in serious trouble, our financial system
is in deep water and sinking and it appears we are in the beginning
stages of a major global change to our currency. Maybe sexy is the last
thing we need in order to understand exactly what is going on.
I sat down with Dr. Coats to find out what exactly is going on with
the changes to the SDR, the potential future of gold, and the impacts
these changes will have on the Federal Reserve Note, U.S. dollar. If you
would like to get some history and a glimpse at some potential
changes, pull up a chair and give this a good listen.
After discussing The Big Reset with Willem Middelkoop,
it only made sense to discuss the SDR with the one person that knows it
best. I would encourage everyone to listen, share and pass along this
interview to people that want to better understand what has recently
happened and the potential impact on our future this change could bring
Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
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