Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 895367, member: 3011&quot;]Good point.&nbsp; SDRs are considered assets and can be counted by central banks as reserves in the same manner as dollars or euros or gold.&nbsp; My only point is that beginning fairly recently, some SDRs issued are backed by bonds issued by the IMF and not by currencies contributed by members.&nbsp; So far the experiment is only for about 100billion+, but as they indicate is authorized to expand to a half trillion.&nbsp; So the IMF can issue SDRs now whether the USA and others contribute their share of dollars or not.&nbsp; It shows up in their financials and is disclosed in their factsheet for anybody who cares to look.&nbsp; Nobody can say where this will lead.&nbsp; Maybe they are testing the waters, or maybe it is the beginning of a new global fiat currency.&nbsp; Time will tell because the IMF sure isn&#039;t talking.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in