Saturday, February 27, 2010

Speak of the Devil...er IMF...

The International Monetary Fund wants more power to police the global financial system and a bigger role in emergency financing, managing director Dominique Strauss-Kahn said Friday. In a speech to the Bretton Woods Committee, a finance reform think tank in Washington, D.C., he claimed that a stronger IMF also warrants a new global reserve currency that would serve as an alternative to the U.S. dollar.

  Raw Story

Yes, that’s just what the IMF needs – more power, and it’s own currency.

Strauss-Kahn added that "having several suppliers of reserve assets would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country."

The real government already has their wealth vested in whatever currency looks best at the time. They don’t care which.


....but hey, do what you want....you will anyway.

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