Kurt Nimmo
Infowars
April 12, 2009
Infowars
April 12, 2009
Time Magazine says it would be good for America to drop the dollar and replace it with the SDR, short for special drawing right. Tim Geithner likes the idea, so does China and the IMF. Adopting the SDR as the global reserve currency would correct “huge imbalances in global trade and capital flows that are in part the product of the dollar’s special status,” Justin Fox writes for Time. “By no longer needing to load up on dollars, countries like China would have less incentive to run big trade surpluses with the U.S.”
Full article HERE
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