INTERNATIONAL MONETARY FUND (IMF) 03.06.2014 | …
International Monetary Fund’s Rogues Gallery
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IMF | Structural Adjustment | International Monetary Fund
SDRs are international foreign exchange reserve assets. Allocated to nations by the IMF, an SDR represents a claim to foreign currencies for which it may be exchanged in times of need.
INTERNATIONAL MONETARY FUND About the IMF ..
Including the yuan in the SDR system would allow the IMF to recognize the ascent of the world’s second-biggest economy while aiding China’s attempts to diminish the dollar’s dominance in global trade and finance.
What does the International Monetary Fund do
What you all appear to be overlooking is the fact that China’s stock market is in worse shape than the NYSE. Beyond that they have been on a building spree that has resulted in many cities being erected from scratch that are not now and never will be occupied. They have created a housing bubble that makes 2008 look like a picnic. There are also whole subdivisions in the USA that have never been occupied and are now being razed due to their deterioration and China will be doing that to entire cities within the next decade. China’s exports are also inferior products and their economy will eventually take a big hit when the world wakes up and stops buying cheap shoddy Chinese merchandise. And for the US debt, you can lay that at the feet of Ronald Reagan. When he took office the national debt was less than one trillion dollars. He spent trillions on defense programs that no utility for the express purpose of driving the USSR into bankruptcy. The list of insane behavior from past presidents is too long to address here, but do some historical research and then draw your conclusions. There is way too much emotion and not enough rational thought here.