Topic: International Monetary Fund

The Biden administration has ordered a study on the transition to a Central Bank Digital Currency (CBDC) in the United States. Simultaneously, the International Monetary Fund is discussing a universal settlement process for global financial transfers. Proponents of financial sovereignty warn that a digital-only currency would allow the government to monitor and restrict all private transactions.

John Bowne reports on a proposal by Democratic congressional allies, including Senator Elizabeth Warren and Representative Pramila Jayapal, to inject $650 billion into the IMF via Special Drawing Rights (SDRs). The report alleges that the IMF is using the war in Ukraine as a linchpin to move the global economy toward a centralized digital currency system. This transition is framed as a method for globalists to bypass national oversight and loot sovereign property.