IMF chief pushes for more power, new global currency | WHAT REALLY HAPPENED


IMF chief pushes for more power, new global currency

The International Monetary Fund wants more power to police the global financial system and a bigger role in emergency financing, managing director Dominique Strauss-Kahn said Friday.

In a speech to the Bretton Woods Committee, a finance reform think tank in Washington, D.C., he claimed that a stronger IMF also warrants a new global reserve currency that would serve as an alternative to the U.S. dollar.

Strauss-Kahn added that "having several suppliers of reserve assets would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country."

Webmaster's Commentary: 

Looks as though Strauss-Kahn doesn't believe that the US dollar is going to be viable much longer.

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