- 1. The Chinese Yuan vs. The US Dollar
- (Commentaries)
- ... ert to the dollar. And they may get to be one of the many currencies backing the SDR held as reserves by central banks which will give them new credibility. There are international meetings scheduled to d ...
- Created on May 2, 2015
- 2. At The Point Of Panic
- (Commentaries)
- ... o the banking system. The IMF could create reserves in the form of SDR's to serve as an asset backed by a basket of currencies, and then loan these to governments. They also have gold in their coffers wh ...
- Created on December 2, 2011
- 3. “Paper Gold” – Here We Go Again
- (Commentaries)
- ... he idea, which involved resorting to the Special Drawing Rights (SDR) -- an international reserve asset created by the IMF in 1969 and based on a basket of international currencies -- to increase the firepo ...
- Created on November 17, 2011
- 4. The New Propagandists
- (Commentaries)
- ... ead the media and his supporters assure us he is “mainstream.” The fact that he wants the IMF to take over monetary policy, have it run by unelected officials, and issue huge amounts of SDRs to rep ...
- Created on October 22, 2011
- 5. News and Views 2011
- (Commentaries)
- ... are asking that the yaun be placed in the basket of currencies which define the SDR. To this request the following response was given on behalf of the US by Treasury Secretary Geithner who agrees tha ...
- Created on April 16, 2011
- 6. Looking Forward: 2011
- (Commentaries)
- ... ng to buy time. And a new issuance of SDR's may be attempted in order to absorb sovereign debt, in a kind of international restructuring. Some are suggesting that we will revert to massive inflatio ...
- Created on January 2, 2011
- 7. Deflation Lifts Its Ugly Head
- (Commentaries)
- ... taxes that is the real threat, it is the potential of new issuances of SDR's that will breed inflation longer term. Gold may be "mobilized" to back the creation of huge new issuances of SDR's in an attempt ...
- Created on May 11, 2010
- 8. The New Inflation Threat
- (Commentaries)
- ... said on its Web site today. The SDRs are the institution’s unit of account based on a basket of currencies. The allocation, approved by the IMF’s board of governors earlier this month, will not increase ...
- Created on August 31, 2009
- 9. The making of an international monetary crisis
- (Commentaries)
- ... and should provide both liquidity and stability. In short, "as good as gold." The SDR: "as good as gold" again! Special Drawing Rights (SDR’s), or "paper gold" as it is sometimes referred to by th ...
- Created on March 3, 2009