Posts Tagged ‘SDRs’

News and views from around the web posted to the Wonderland Wire:

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India’s run on the U.S. dollar to buy 200 tonnes of gold from the 403.3 set to be sold by the International Monetary Fund set the precious metal to an all-time high value of $1,081+, meaning the  inflated dollar has crashed to an all-time low as the U.N. reports a drop in U.S. wages.

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At the heavily protested World Bank-International Monetary Fund (I.M.F.)  meetings with global finance oligarchs, a U.N. undersecretary-general suggests special drawing rights (SDRs) from the I.M.F. as a world currency. Such a policy would turn the I.M.F. into the global central bank.

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