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Posted: 3/29/2009 6:56:02 PM EDT
[Last Edit: 3/29/2009 6:56:45 PM EDT by vacuumflux]


Alistair Darling and senior figures in the US Treasury have been encouraging the Fund to issue hundreds of billions of dollars worth of so-called Special Drawing Rights in the coming months as part of its campaign to prevent the recession from turning into a global depression.

Should the move, which is up for discussion by the summit of G20 finance ministers this weekend, be adopted, it will represent a global equivalent of the Bank of England's plan to pump extra cash into the UK economy.

However, economists warned that the scheme could cause a major swell of inflation around the world as the newly-created money filters through the system

Sorry folks, no amero yet :(
Link Posted: 3/29/2009 7:01:42 PM EDT
This is good. We shouldn't have our currency being the 'gold standard'. We would hate to have other countries buying our debt.
Link Posted: 3/29/2009 7:18:25 PM EDT
Link Posted: 3/29/2009 7:32:55 PM EDT
In B 4 U know who....

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