IMF poised to print billions of dollars in 'global quantitative easing' (Special Drawing Rights)

telegraph.co.uk/ ^ | Edmund Conway

[rgr]

IMF poised to print billions of dollars in 'global quantitative easing'

The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis. IMF poised to print billions of dollars in 'global quantitative easing' The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis.

By Edmund Conway Last Updated: 9:07AM GMT 16 Mar 2009 Alistair Darling and senior figures in the US Treasury have been encouraging the Fund to issue hundreds of billions of dollars worth of so-called Special Drawing Rights in the coming months as part of its campaign to prevent the recession from turning into a global depression.

Should the move, which is up for discussion by the summit of G20 finance ministers this weekend, be adopted, it will represent a global equivalent of the Bank of England's plan to pump extra cash into the UK economy.

Bank of England gambles on printing extra money Gilt investors hopeful as Bank prepares to print money Britain showing signs of heading towards 1930s-style depression, says Bank World now in grip of 'Great Recession' warns IMF However, economists warned that the scheme could cause a major swell of inflation around the world as the newly-created money filters through the system.

The idea has been suggested by a number of key figures, including billionaire investor (George Soros)

[kitkat]

Well, of course Soros wants the world money to lose value so that he can sell short and make a few more billions.

[HangThemHigh]

As if 0 needed any help destroying the world economy.

[FlyingEagle]

This idea is also suggested by Russia. It is part of the communist agenda Soros promotes with Obama.

Interesting because the USA prints dollars not IMF.

[lakey]

This doesn't surprise me. From the beginning of the Euro currency - and Clinton touting the Third Way (which btw was MIT's Dr. Lester Thurow's idea) - I've thought something is going to change our monetary system.

Oh, Soros & Co. will still want to play their games. They have had it all figured out for years ... knock the blocks out from under us so we have no choice but to accept.

Or, make war. Not likely when our younger generations have been dumbed-down and are practically brain-dead.

If anyone can't connect-the-dots on this one, they haven't been paying attention.

[lakey]

Worthless dollars. The IMF has our gold and we have little productivity to back us.

[rgr]

not any more