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" ... Ferguson also refers to former Bank of England governor Mark Carney's call for a synthetic hegemonic currency (SHC), which he rates as more plausible than Diem as the future of the international financial system. It would be a victory for John Maynard Keynes from beyond the grave. Keynes, as you will recall, was in favour of an SHC (the "bancor") from the very beginning of the current international monetary regime and (correctly) reasoned at the time of Bretton Woods that the lack of such an international reserve currency would deliver control to the United States (at the expense of the United Kingdom). ... "