Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

IMF Says New Reserve Currency to Replace Dollar Is Possible

The International Monetary Fund said it’s possible to take the “revolutionary” step of creating a new global reserve currency to replace the dollar over time.

The IMF’s so-called special drawing rights could be used as the basis for a new currency, First Deputy Managing Director John Lipsky told a panel discussing reserve currencies at the St. Petersburg International Economic Forum today.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aUYeJEwZaQrw

Answer Question
 
smalltowngal

Asked by smalltowngal at 10:12 PM on Jun. 6, 2009 in Politics & Current Events

Level 1 (-9 Credits)
Answers (9)
  • Are you suprised? China and Russia have been pushing for a new world currency because the dollar is going to be worthless. Some countries don't even want our dollar now.
    Carpy

    Answer by Carpy at 11:20 PM on Jun. 6, 2009

  • Now, see, if people would read their Bibles, which have predicted a One world Order for years, millenia, even, they wouldn't have to go around so dumb and Liberal all the time.


    A shame and a waste.


    Prophecy, anyone?


    ANYONE!!??

    mustbeGRACE

    Answer by mustbeGRACE at 6:48 AM on Jun. 7, 2009

  • One of the things we agreed to at the G20 was to triple the amount of money they have to loan from 250 up to 750 billion dollars. In addition, in this years war funding bill someone snuck in a rider that pledges another 100 billion to in IMF.
    The SDR's value is pretty much whatever the IMF says it is, whenever they say it. Right now they trade it 1:1 with the dollar, but as the dollar hyperinflates I think we will see the SDR valued higher...or much lower depending on who they are 'loaning' to.
    Jenny-talia

    Answer by Jenny-talia at 9:12 AM on Jun. 7, 2009

  • I wonder whose IMAGE will be on this global currency?! Obama's??!?!?!?


    I know it sounds ridiculous until you hear what this liberal journalist has to say!


    Has everyone gone off the deep end? (smacks forehead)

    LoriKeet

    Answer by LoriKeet at 9:16 AM on Jun. 7, 2009

  • Seriously Lori.I just posted about that and other msm simular ridiculous garbage recently.Some wonder WHY (and call them CRAZY) some Christians think we could possibly be (or are) in the end days.That mess doesn't help.
    tnmomofive

    Answer by tnmomofive at 12:09 PM on Jun. 7, 2009

  • By the way who else was compared to God? and called "savior"? Oh yeaaaah you got it :wink:
    tnmomofive

    Answer by tnmomofive at 12:10 PM on Jun. 7, 2009

  • I told you guys this was coming. Eveyone thought I was crazy. Hello one world govy, I will not be here to enjoy you.
    Ibelongtojesus

    Answer by Ibelongtojesus at 7:47 PM on Jun. 7, 2009

  • There is one who is coming...the son of perdition...and when he does, you will have one world government and one world currency. Believers especially shouldn't be surprised; God has given us a noggins up in His Word, and He is always true to His Word. It may not happen in our lifetimes, but it will happen; you can bank on it!

    ProudTexan71

    Answer by ProudTexan71 at 8:13 AM on Jun. 8, 2009

  • tnmomoffive yeah we know don't we?? the one who has no real birth cetificate and rose fast out of no where. wink wink.....
    Ibelongtojesus

    Answer by Ibelongtojesus at 8:25 AM on Jun. 8, 2009

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Cafemom Join now to connect to other members! Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN