To contact us Click HERE
From goldnews.bullionvault
''Rickards reckons the IMF (international Monetary Fund) could come in and produce SDRs, or special drawing rights. SDRs are effectively a unit of account defined by the value of a basket of currencies: the US Dollar, the Euro, the British pound, and the Japanese yen.
These SDR's could replace the international reserve role of the US Dollar and in part solve Triffin's Dilemma. But is issuing a piece of paper, backed by other pieces of paper and managed by a bunch of policymakers, a better system than the one we've got? Are SDRs relevant if it's the 'old' industrial, debt-soaked powers who ultimately stand behind them?
Probably not. But the elites who run the system are from the old, debt soaked industrial powers, and they'll do anything to keep their hold on power. This is why having SDR's as a reserve currency is probably more realistic than you may think.''
read more
Hiç yorum yok:
Yorum Gönder