Comments on: Special Drawing Rights Used as the World’s Reserve Currency? http://www.dailyreckoning.com.au/special-drawing-rights-used-as-the-worlds-reserve-currency/2009/04/07/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: mike http://www.dailyreckoning.com.au/special-drawing-rights-used-as-the-worlds-reserve-currency/2009/04/07/comment-page-1/#comment-73231 mike Wed, 08 Apr 2009 15:07:42 +0000 http://www.dailyreckoning.com.au/?p=5609#comment-73231 ...the USD is china's lover but now china, wants another...then, play one off against the other, one for each little finger...but gold ?...no deal!...requires too much commitment...in that lingering engagement, chinese bankers would feel limited...hey!...are Zhou Xiao-ting at me...?... ...the USD is china's lover but now china, wants another...then, play one off against the other, one for each little finger...but gold ?...no deal!...requires too much commitment...in that lingering engagement, chinese bankers would feel limited...hey!...are Zhou Xiao-ting at me...?...

]]> By: Keynes Evil Twin http://www.dailyreckoning.com.au/special-drawing-rights-used-as-the-worlds-reserve-currency/2009/04/07/comment-page-1/#comment-73215 Keynes Evil Twin Wed, 08 Apr 2009 11:46:49 +0000 http://www.dailyreckoning.com.au/?p=5609#comment-73215 I'm with you Mogambo Guru. The Chinese ain't stupid. There is a reason why they want 'in' on an IMF currency. All governments like fiat money - it's the best form of control - and China is no different to any other government. If the world is hoping that China will pull everyone out of it's first world recession - then it wants to be able to control the money supply and in turn control countries. If this actually goes ahead, it will be the second object within China you can see from space - The Great Wall of Fiat. I'm with you Mogambo Guru. The Chinese ain't stupid. There is a reason why they want 'in' on an IMF currency. All governments like fiat money - it's the best form of control - and China is no different to any other government.
If the world is hoping that China will pull everyone out of it's first world recession - then it wants to be able to control the money supply and in turn control countries.

If this actually goes ahead, it will be the second object within China you can see from space -
The Great Wall of Fiat.

]]> By: Lachlan http://www.dailyreckoning.com.au/special-drawing-rights-used-as-the-worlds-reserve-currency/2009/04/07/comment-page-1/#comment-73172 Lachlan Wed, 08 Apr 2009 03:22:19 +0000 http://www.dailyreckoning.com.au/?p=5609#comment-73172 Govs have been buying us out for decades with generous welfare and easy credit and its been such a large scale success....why stop now ....now they're pushing the theme even further and going for broke. Maybe Morpheus will save me from the matrix tomorrow. Wheee we're all stuffed. Keep making me laugh BKM. Govs have been buying us out for decades with generous welfare and easy credit and its been such a large scale success....why stop now ....now they're pushing the theme even further and going for broke. Maybe Morpheus will save me from the matrix tomorrow. Wheee we're all stuffed. Keep making me laugh BKM.

]]>