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New IMF Strategy Document Charts Launch Of “Bancor” Global Currency: Economy / Currency; Highlights “potential resistance” on road from “voluntary multilateral framework” to full blown global currency Steve ... : "Steve Watson Prisonplanet.com Wednesday, Aug 4th, 2010 A chart within the document, innocuously titled " Reserve Accumulation and International Monetary Stability  " (PDF link), presents a stepping stone system toward a fully fledged global currency: A newly published IMF strategy document calls for the implementation of a global currency, called the “bancor”, to stabilise the international monetary system, while acknowledging that only a monumental shift toward acceptance of globalism will make it possible in the short term..."

11/05/2009 by By Mohamed El-Erian and Ramin Toloui (This article was originally published on www.ft.com on November 5, 2009.) It has become fashionable to speculate on the future of the US dollar as the world’s reserve currency. Amid an average 10 per cent decline in the past six months, analysts have tended to favour one of two conclusions. Some argue that, since you cannot replace something with nothing, the dollar’s global role is secured. Others feel that America’s medium-term prospects are now inconsistent with such a role. As with many post-crisis issues, the reality is much more complex. This is not just because the dollar will be caught between these two extremes in the muddled middle for the foreseeable future, but also because the dollar is part of a bigger picture that concerns the evolving role of the US as the sole provider of a range of global public goods. At a time when the global system needs such anchors, this uncertainty raises a set of important policy issues. A cou...