IMF could be based in Beijing in a decade: Lagarde
WASHINGTON (Reuters) - The International Monetary Fund could be based in Beijing in a decade if growth trends for China and other big emerging markets continue and these are reflected in the Fund's voting structure, IMF Managing Director Christine Lagarde said on Monday.
Lagarde said at a Center for Global Development event in Washington that such a move was "a possibility" because the Fund will need to increase the representation of major emerging markets as their economies grow larger and more influential.
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https://www.reuters.com/article/us-imf-china-lagarde-idUSKBN1A922L
Thank you!
This wouldn't surprise me at all and
Today nothing would surprise me. Thanks for your reply.
There will be no need for the IMF when China use a blockchain gold backed remninbi.
So we can hope. It would be great to see blockchain gold backed remninbi. Time will tell it's really all just a little too crazy today to bet on anything.
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STOPThank you!
She is one strange lady, that's for sure.
Here she is giving a speech saying "Now I'm going to test your numerology skills by asking you to think about the magic seven" - freaky.
Jews like the number 7; shmita's and all that stuff.
https://en.wikipedia.org/wiki/Shmita
.. the magic number 7. There is a 7 in 2017 - maybe this year some fireworks?
They are not welcome in China. China is already a member of Brics.