Wednesday 8 April 2009

special drawing rights to replace the dollar as the international reserve currency ?

Telegraph
"Under what was approved by the world leaders, the IMF is suddenly behaving like a global central bank, issuing SDRs to control liquidity worldwide. This is a central bank without direct accountability to the people of the world, which only seems to underline the apparent outrageousness of this plot. ....was something instigated by the US Treasury, in conjunction with the UK Government, in the weeks running up to the G20. In fact, I gather that the IMF only learnt about the plan at the very last minute, leaving their legal officials scrambling around to try to find out whether it was even possible. Only last Wednesday, barely 24 hours before the G20's decision, panicked representatives from the IMF's legal department phoned the Treasury to find out whether this plan was really likely to happen."

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