.......and the dragon gave him his power, and his seat, and great authority. (Revelation 13:2)
Doug Wakefield nails it, though he is not looking at this prophetically!
We can see here a pattern that China fulfills as the physical "dragon" of Revelation (satan being the spiritual dragon, using Communist China). In this article notice China is the main player pushing the IMF to become the global financial regulator. Will the IMF be the "seat" that the antichrist rules from with "power" and "great authority"?
SDR Global Currency Power Shift Underway
According to Jim Rickards, director of market intelligence for scientific consulting firm Omnis, the unannounced purpose of the G20 Summit in Pittsburgh on September 24 was that "the IMF is being anointed as the global central bank." Rickards said in a CNBC interview on September 25 that the plan is for the IMF to issue a global reserve currency that can replace the dollar.
"They’ve issued debt for the first time in history," said Rickards. "They’re issuing SDRs. The last SDRs came out around 1980 or ’81, $30 billion. Now they’re issuing $300 billion. When I say issuing, it’s printing money; there’s nothing behind these SDRs."
This hypothesis fits well with the history of this international currency. Hundreds of millions, around the world, have yet to understand the currency shift that has been unfolding in front of our eyes over the last several months. As the October 1, 2009 Asia Times article, China Moves into Position, attests, creditors are always better positioned than debtors:
When the IMF decided on July 1 to issue $150 billion in SDR [Special Drawing Rights] bonds, the BRIC nations bought in, with Russia and Brazil purchasing $10 billion each, and China taking the lion's share, an additional $50 billion…
This is the first IMF-issued bond that is sensitive to the dollar. Beijing's purchase of IMF bonds represents a shift by openly reducing dollar assets. The BRICs' underwriting of this SDR bond issue is a clear step toward creating a global reserve currency. By buying one-third of the issue, China becomes a creditor of the IMF, and gets more say in the institution….
China’s economic leaders agree that the SDR should one day replace the dollar as global reserve currency, even though the debate over when this occurs continues.
China has given the developing world a new response profile. Rather than argue with the IMF policy, make the IMF your debtor. The IMF has little choice but to listen. At any rate, the United States and Europe cannot afford to purchase the IMF's new SDR-issued bonds. China can. (Italics mine)
Entire article: http://www.marketoracle.co.uk/Article14592.html