"It's getting that desperate here in California. The numbers are not telling the truth."
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"It's getting that desperate here in California. The numbers are not telling the truth."
But before you get ready to burn your fiat currency, it’s not actually a turnaround the IMF sees being executed any time soon.
As they conclude:
It is understood that some of the ideas discussed are unlikely to materialize in the foreseeable future absent a dramatic shift in appetite for international cooperation.
However, in a possible indication of how seriously the SDR is being taken, the U.S. Postal Service is quoting SDR to dollar conversion rates:
1. Convert the U.S. dollar amount to the special drawing right (SDR) value and enter it in the SDR value block. For example:
INSURED VALUE
$100.00 (U.S.)
65.76 SDR
(Here is the original web page, without highlighting.).
defio70 wrote:on Thu Aug 26, 2010 4:14 pmWe will return to the valuation nadir last seen in 1982 with the S&P bottoming around 450"
http://tinyurl.com/2vuqjk6

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