To: JasonC
One gets rid of SDRs (a creation of the Carter-era IMF) by defending the IMF, which — just by the way — has been exceeding its original Bretton Woods brief for decades, and wasting great stacks of money into the bargain.
25 posted on
03/26/2009 2:24:53 PM PDT by
SAJ
To: SAJ
SDRs were created in 1969, under Nixon, as a way of trying to postpone the demise of the dollar-exchange standard and the closing of the gold window. Not by Carter. And no, the IMF isn't wasting great stacks of anything. All the capital ever forwarded to it is still there with interest, it hasn't lost a dime, net. Banking is a profitable enterprise, not a cost.
37 posted on
03/26/2009 5:39:34 PM PDT by
JasonC
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