I like the assessment, but I have to question whether or not SDRs are really such a terrible thing. I guess I don't believe that there is ample evidence that their implementation will be permanent enough to dethrone the dollar in the long-term, especially based on their use in the 1980s. Am I naive in thinking this?
Joel McLaughlin
· 2 months ago
Wow, that is some amazing information - great website David.
lbickmore
· 2 months ago
...so I'm guessing the SDR's issued in 1980 were euro's, right? And if so would they issue more euro's or would it be called something else...like maybe they might call it a barack?!?
No but seriously, I really do want to know.
Also, I can't quite wrap my mind around how they (IMF) can just issue money without anything to back it up. Ya ya I know the feds are doing that, but at least the US has an actual country, admittedly shaky, but still something to back it up.
All Comments
No but seriously, I really do want to know.
Also, I can't quite wrap my mind around how they (IMF) can just issue money without anything to back it up. Ya ya I know the feds are doing that, but at least the US has an actual country, admittedly shaky, but still something to back it up.