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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Slumdog who wrote (18810)	3/18/2009 7:33:47 PM
From: Elroy Jetson	Respond to of 71442

Russia's proposal to add their currency to the SDR created at the Bretton Woods conference in 1944 doesn't really mean much. Russia, under Stalin, could have previously participated in 1944. By not participating, Russia essentially operated with other nations on the basis of barter. Currently they're considered a semi-negotiable "soft currency". The problem is, adding Russia to the basket of currencies in the SDR would not solve any economic problem for anyone other than Russia. .