The IMF Can Print Money Like a Central Bank

In an article entitled “IMF may need to ‘print money’ as crisis spreads”, the Telegraph reveals that the IMF has the power to create money just like the Federal Reserve:

“The nuclear option is to print money by issuing Special Drawing Rights, in effect acting as if it were the world’s central bank. This was done briefly after the fall of the Soviet Union but has never been used as systematic tool of policy to head off a global financial crisis.

‘The IMF can in theory create liquidity like a central bank,’ said an informed source. ‘There are a lot of ideas kicking around.’”

This entry was posted in General. Bookmark the permalink.
  • http://www.blogger.com/profile/17282915911182144350 Jack Napier.

    doesn’t surprise me the first place they sunk their teeth into using this “power” was Russia after the Soviet crumble. and it doesn’t surprise me that the first thing Putin did once he took power was to banish these vampires. this “den of vipers” as Andrew Jackson so rightfully called them. now Putin is squeezing out the oligarchs, who are all Rothschild fronts.

  • http://www.blogger.com/profile/17497535830962810665 game gold

    Buy World of Kung fu Gold is the chance. I always have a bad dream when my account was theft, since I buy World of Kung fu Gold ; I had not had the bad memory. At present, I want to say thanks to the people who stole my account, if he did not to do that, I would not play game, I would not have WoKf gold . Although I have little cheap World of Kung fu Gold , I will on the way of the game for long time. At one time or another, I am a pessimistic person, but when I have World of Kung fu money , it changes my attitude of life.

  • http://www.blogger.com/profile/14557050233215429265 筱娅

    Do you like playing in the game which you need to use maple mesos, when you do not have mesos, you must borrow cheap mesos from friends, or you buy maplestory mesos. If you get maple story mesos, you can continue this game.

 

 

Twitter