Thursday, April 2, 2009

The G-20's Funny Money - WSJ.com

The G-20's Funny Money
The IMF has a plan to create cash and pass it all over the world.



"A hint of what's in store came from Japanese Prime Minister Taro Aso earlier this week when he said that he will propose an increase in 'special drawing rights,' or SDRs, at the IMF. If the term 'SDR' sounds vaguely familiar, perhaps that's because it was the subject of a short-lived proposal last week from the head of the People's Bank of China to create a new global reserve currency that could replace the U.S. dollar."

No comments:

Post a Comment