"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
While You're Following The Bouncing Ball...The REAL Story Quietly Slips By...
Submitted by A. Magnus on Wed, 2014-05-07 00:00
"This is the first that we know of a loan by the IMF, headquartered in Washington, DC, as specifying a loan in SDR (Special Drawing Rights) rather than in the customary US Dollar. As with most policy changes from Washington, they ease changes into existence, this seems to be the start in the use of SDR’s. If this is the start in the use of SDR’s, then in return it’s also the start in not using the US Dollar for IMF loans, which are essentially US Govt loans."
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