Monday, October 27, 2008

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.'"
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1 comment:

  1. Jack Napier.October 29, 2008 at 6:24 PM

    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.

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