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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (22339)	2/6/2005 11:48:21 PM
From: The Vet	Read Replies (1) \| Respond to of 81029

>>IMF looks at gold sale options for debt relief<< If the debts were denominated in gold, that makes sense. However if they are denominated in USD why not just print up some more paper and sell that to pay off the debt. If the IMF doesn't own any gold and has all it's reserves in USD or Euros then it's no longer an "International" Monetary Fund is it? It simply becomes the "US Monetary Fund" or the "Euro Monetary Fund" and its strengths and weaknesses simply mirror those of the countries that print it's "assets", and who would control it in self-interest not international interest!