Monday 16 March 2009

IMF poised to print billions of dollars in 'global quantitative easing'

Telegraph
"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. .....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.

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