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Reuters Analysis: If U.S. debt is downgraded, will anyone care?
Reuters ^
| August 2, 2011
| By Ellen Freilich
Posted on 08/02/2011 6:23:06 AM PDT by Oldeconomybuyer
click here to read article
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To: yldstrk
What on earth is an SDR?
Special Drawing Rights established in 1969. Haven't been used so much since Bretton Woods System was shelved. The discussion is to change important commodities like oil from the dollar to SDR’s.
Link to IMF which explains in more detail.
http://www.imf.org/external/np/exr/facts/sdr.htm
21
posted on
08/02/2011 8:04:42 AM PDT
by
greeneyes
(Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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