Keith Addison wrote: > http://www.middleeastforex.com/index.php?section=147 >
Hey Keith; Thanks much for posting this. It's a very interesting concept indeed. But still, I'm given to pause about the *real* effect of such a move, as I consider who actually backs the IMF, and who *really* holds all that IMF paper, and how deep the Sauds are into the IMF. There is a *lot* of talk about folks all over the world doing dastardly things to wreck the US Dollar's dominance. And that's all fine. But again, at the end of the day, who holds the paper? Pretty much all these folks are DEEP into the IMF for EVERYTHING they have. The IMF draws funds from the "International Bank for Reconstruction and Development" for it's 'investments' and the IBRD, now known as the World Bank, last I checked, was financially seeded by, and is pretty much trades in, US faux-multinational corporation-centric projects. At the end of the day, All these folks might move to a different currency, but the world's debt is held by the same players, so it really doesn't mean shit. Maybe it does, but international finance has never been one of my strong suites :-) ----------------- _______________________________________________ Biofuel mailing list Biofuel@sustainablelists.org http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): http://www.mail-archive.com/biofuel@sustainablelists.org/
