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For many years there have been plans to push the reset button on the entire world economy. The main program is called the Global Settlements Program. These have been put into place by Basle I, Basle II, and Basle III economic summits (in Basle, Switzerland). However, there have been many delays and foot-dragging on this, partly because of its sheer size, and partly because corrupt world government leaders have demanded payment (blackmail) before allowing it.
Christopher Story used to report on the progress of this in his weekly blog, until his untimely death last year (poison). I always hesitated to post his information, because in my opinion he violated the divine law which forbids speaking evil of our rulers (regardless of how bad they might be). The main lawyer involved in releasing these funds to Mr. Cottrell for ditribution is A. Clifton Hodges. Mr. Hodges has written a letter on Friday, June 17 to the Chinese Embassy asking them to put pressure on President Obama to sign the final release forms.
This also includes the revaluation of the Iraqi dinar, as you can read in 1 (a) in his letter. I had heard a report last January that the dinar revaluation was somehow tied to the revaluation of the dinar, but had no direct evidence of it until now. See Hodges' letter at the site below:
http://www.scribd.com/doc/58123701/Al-Hodges-6-17-2011
Anyway, this letter gives us a peek into some of the financial matters going on behind the scenes.