IMF may soon be moving to China

[C.Martel]

Head of the International Monetary Fund Christine Lagarde says the organization may move its headquarters from Washington DC to Beijing in a decade if the growth trend in China and other major emerging markets continues.

Changes in big emerging markets will be reflected in the IMF's voting structure, and the Fund will need to increase its representation in the region, according to Lagarde.

“Which might very well mean, that if we have this conversation in 10 years' time...we might not be sitting in Washington, DC We'll do it in our Beijing head office,” the Fund’s Managing Director said.

https://www.rt.com/business/397424-imf-move-beijing-decade-lagarde/

[crimethink]

This would be an endorsement by Rothschild Holdings dba "International Monetary Fund" that the United States is being abandoned.

[keehah]

Just learned about this (below) researching the IMF's announcement about their new CBDC (https://www.prnewswire.com/news-releases/the-digital-currency-monetary-authority-dcma-launches-an-international-central-bank-digital-currency-cbdc-301793163.html)


zawya.com: Is IMF relocation to China imminent? (https://www.zawya.com/en/economy/is-imf-relocation-to-china-imminent-tak09cuh)

October 20, 2020Is the relocation of the International Monetary Fund's headquarters from Washington to China imminent?

If the founding rules of the IMF, which say that the fund must shift its base to the world's largest economy, is still applicable, such a scenario cannot be ruled out, say analysts, including Dr Shashi Tharoor, India's Congress Party leader and Member of Parliament...

"The International Monetary Fund's by-laws specify that its headquarters will be located in the world's largest economy. For 75 years this placed it in Washington, DC...

According to Investopedia's estimate for 2019, while in nominal GDP, the US at $21.44 trillion is still ahead of China at $14.14 trillion, the Asian superpower is way ahead in GDP based on purchasing power parity at $27.31 trillion versus that of the US at$21.44 trillion.

Some reports even say China may already have overtaken the US as the world's largest economy.

[Ares]

Parasite moving to a new hosts to suck dry since it has emaciated the former world power.