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Loan Modification

: Mortgage Lender Implode-o-Meter

IMF calls for dollar alternative

By Implode-Explode Heavy Industries

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``The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency... Fred Bergsten, director of the Peterson Institute for International Economics, said at a conference in Washington that IMF member nations should agree to create $2 trillion worth of SDRs over the next few years... The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.''

Full post as published by Mortgage Lender Implode-o-Meter on February 13, 2011 (boomark / email).

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