4/09/2009

Bombshell on Paper Street: SDRs über Ameros?

Looks like the beloved synthesis is something they call SDRs. They are special, and Special Drawing Rights might just replace the US dollar as the world's reserve currency. Russia, Britain, and other "great nations" like China beg for a global currenct.

Breaking news from China's ZGC Focus economics correspondent Chen Hui World reports that leaders plan a bombshell declaration - to replace the US dollar with a new global currency, the IMF-backed SDR.



44% USD, 34% EUR, 11% YEN, 11% GBP




And Chris Loong, head of currency & asset allocation at State Street Global Advisors, told CNBC’s Amanda Drury:

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