Tuesday, June 16, 2009
The END of the US Dollar is NEAR
June 16 (Bloomberg) -- Brazil, Russia, India and China are considering buying each other’s bonds and swapping currencies to lessen dependence on the U.S. dollar. The Russian leader reiterated his intention to push for the creation of a “supranational currency” to challenge the U.S. dollar and encouraged China and the other Shanghai group members to use each other’s currencies for trade.
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I don't know what Special Drawing Rights are but I'm going to speculate it's a coupon that is redeemable for the right to draw oil from the ground somewhere.
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