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IMF now uses "Special Drawing Rights" to print $250 billion

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posted on Apr, 2 2009 @ 08:59 PM
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IMF now uses "Special Drawing Rights" to print $250 billion


uk.news.yahoo.com

The new funds available through International Monetary Fund and other institutions included $250 billion of IMF reserve units called Special Drawing Rights. In addition, the IMF would see its own resources tripled, with up to $500 billion of new funds, of which $40 billion would come from China -- a significant step for the world's third largest economy.
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posted on Apr, 2 2009 @ 08:59 PM
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Well, now the UN and and IMF are in the business of printing money. I was listening to NPR on the way home and it was mentioned that the IMF used their "Special Drawing Rights" to cough up $250 Billion. I thought this deserved it's own post as this opens a new chapter in UN / IMF power as they now can print money to loan to whomever they please.

What implication does this have? The UN has vied for power and money for years to fuel their corrupt members, usually at the expense of the U.S.

Now they can just print the money they need to steal.





uk.news.yahoo.com
(visit the link for the full news article)



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