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First Look: Devastating New Currency Law to Go Into Effect on Oct 20th? 04.21.2015First Look: Devastating New Currency Law to Go Into Effect on Oct 20th?04.21.2015 BY Kelly Brown,
The International Monetary Fund (IMF) is arguably the most powerful financial body in the world. And they’re set to announce a huge change to global currency regulations at their upcoming meeting, this October. These new regulations could change how countries exchange goods like oil and gold. They could change how investment banks book and settle their trades. And most importantly, these new rules are very likely to affect the value of U.S. assets like stocks, bonds and real estate. Few Americans are aware of this coming change, but it’s critical people understand what’s happening before it affects their savings. In the months to come, this story will likely become front page news. According to Christine Lagarde, the Managing Director of the International Monetary Fund, these new regulations are “not a question of if, it’s a question of when.” In fact, banks and even entire countries are already preparing for the massive global currency shift. At least 40 central banks have re-allocated their investment holdings. This suggests some investors see these new regulations as a done deal and are preparing for the “green light” from the IMF to begin trading. Some of the biggest commercial banks in the world – HSBC, Deutsche Bank, Citigroup and Bank of America – are updating their trading procedures. In fact, I saw one bank issue a “Roadmap” for investors so they fully understand what to expect in the years to come. In the opening pages of the document, the Assistant Managing Director of an Asian central bank is quoted saying that these regulations, are “likely to transform…the financial landscape in the next 5-10 years.” And what most Americans don’t realize is how these new currency laws will likely affect you, your family, your savings, and your investments… According to Dr. Steve Sjuggerud, a currency expert featured on CNBC and Bloomberg:
Dr. Sjuggerud says these new regulations will likely trigger one of the most profound transfers of wealth in our lifetime. |
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