When it introduced the SDR, the Fund hoped to make it “the principal reserve asset in the international monetary system.” This remains an unfulfilled ambition; indeed, the SDR is one of the most underused instruments of international cooperation. Nonetheless, better late than never: turning the SDR into a true global currency would yield several benefits for the world’s economy and monetary... 

Is the famous conspiracy about a secret government that runs the world completely nonsense or does the idea actually have any supporting evidence? Conspiracy theories, hypotheses claiming that historical events could have occurred due to the nefarious actions by hidden parties, still remain largely neglected by researchers and considered as implausible and irrelevant. On the other hand, conspiracy... 

Uncovering the guarded secret of this year's Bilderberg gathering The Bilderberg group will conduct its annual meeting June 3-6 in Sitges, Spain (a small, exclusive resort town about 20 miles from Barcelona) behind a wall of armed guards who will seal off the resort in a futile attempt to keep the event secret. Bilderberg’s meeting will follow that of its brother group, the Trilateral Commission,... 

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar. “That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now,” he said in a speech on the future mandate of...