Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
Member Login

Site Notices
Posted: 3/29/2009 6:56:02 PM EDT
[Last Edit: 3/29/2009 6:56:45 PM EDT by vacuumflux]
http://www.telegraph.co.uk/finance/financetopics/recession/4986287/IMF-poised-to-print-billions-of-dollars-in-global-quantitative-easing.html

snip


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
<sarcasm>
This is good. We shouldn't have our currency being the 'gold standard'. We would hate to have other countries buying our debt.
</sarcasm>
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....

GR
Top Top