IMF calls for dollar alternative

Discussion in 'Currencies' started by goldpelican, Feb 11, 2011.

  1. goldpelican

    goldpelican Administrator Staff Member

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    http://money.cnn.com/2011/02/10/markets/dollar/index.htm

     
  2. perthsilver

    perthsilver Member Silver Stacker

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    That would make life interesting.

    The IMF is controlled by the US.

    I guess its better for the US to have its dollar included in the reserve currency, than dumped all together to be replaced by the Yuan/Renminbi.
     
  3. Guest

    Guest Guest

    This isn't the first time they have talked of the SDR in recent times. There's also rumblings of a Gold reserve out there as well, not to mention talking of the Yuan.

    I think it's very difficult to predict exactly what will play out, but I am confident enough to say that regardless of what the official line is, unless they include gold in the equation at a level that's acceptable by the wider public, then it'll fail.

    I know I certainly don't trust anything by the real deal. I have no plans on plugging myself back into the Matrix and forget what I already know.

    But what will be VERY interesting is how they reprice commodities under a SDR standard. We could see a massive upswing in wealth gain simply from switching to SDR, an effective revaluation as it were, without the need of confiscation.

    I think considering WHO actually holds the majority of the Gold, that's a definite possibility.
     

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