"We will now be letting the IMF define what our domestic economic policy ought to be. We have two mandates..1..lower our debt...2..do much more to regulate finincial institutions and crack down on CEO pay. Every three months, we must report to the Europeans and Chinese and all members of Globally controlled International Monetary Fund or IMF and tell them how good of a job we are doing."
The International Monetary Fund is set up like this..one Dollar invested in equals one vote in decisons. Right now, we have 16% of the money in the fund. China has 3%. 225 million people of The Rwanda group which is made up of 24 sub-Saharan African countries has 1.39% of the voting rights.
If the Dollar was replaced by a global currency such as one the IMF has proposed, for things like Oil Trading and voting rights on global commitees, that would lessen the United States's pull on global issues...but, how would that affect our Dollar's worth here at home?
"Judge me by the people with whom I surround myself..."
Barack Obama
