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IMF:- Wants a new Fiat currancy, replace an old Fiat currancy

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  • IMF:- Wants a new Fiat currancy, replace an old Fiat currancy

    http://www.telegraph.co.uk/finance/c...-currency.html#

    Mike

  • #2
    Re: IMF:- Wants a new Fiat currancy, replace an old Fiat currancy

    Strauss-Kahn saw a greater role for the IMF's Special Drawing Rights, which is currently composed of the dollar, sterling, euro and yen, over time but said it will take a great deal of international cooperation to make that work.
    They couldn't make the Euro work ... so a basket of currencies including the Euro will "work" ?

    I remember when the SDR was backed by gold - ah - the good old days. I'm sure that "international cooperation" is just around the corner.

    This would all be rather funny - if it wasn't so sickening.

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