Spooky new money to replace the dollar
by jricciardi3 | October 5, 2014 5:54 pm
Does anyone know what the ” Spooky new money to replace the dollar” is? I assume the play is on SDR’s
Source URL: https://www.stockgumshoe.com/2014/10/microblog-spooky-new-money-to-replace-the-dollar/
SDRs could be Special Drawing Rights which the IMF (which organization has a “clean balance sheet”) prints and makes available to Central Banks to “help balance” the world economy whenever the country which supplies the world’s “reserve currency” gets into trouble (vis-à-vis other major economic parties). Three “trial isuance” 1969-1972 $9.3B (due to gold runs on Fort Knox as US printed $$$ ; 1979-1981 US inflation rate at 14-plus percent; and 2009 (August & September) $182.7B. See also IMF white paper: “Enhancing International Monetary Stability – a role for the SDR?” (Released 1/7/11)