Ivory Insights
Saturday, September 10, 2011
IMF Emergency Action Signals Imminent Threat to International Monetary System
According to Dow Jones the "International Monetary Fund will likely re-activate a $580 billion resource pool in coming weeks to ensure it has funds to help cover Europe's worsening sovereign-debt crisis, according to several people close to the matter." Why is this a big flashing red light? "
According to the IMF, the pool of supplementary
resources are only to be activated when "needed to forestall or cope with a threat to the international monetary system
."
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