Henry D. Owen, Special Representative for Economic Summits, writes a confidential memo to Democratic (socialist/fascist) President Carter warning that switching from “dollars” to Special Drawing Rights (the International Monetary Fund’s international unit of account) would be tantamount to “An announcement that dollars were no longer being used as the unit of account in paying for oil would trigger selling of dollars on the foreign exchange markets. So we would suffer [from hyperinflation].”
[restored 11/22/2022] Thanks to Freedom’s Phoenix for this entry.
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References:
Confidential Memos Indicate Oil SDR Pricing Shift Would Be “Most Damaging” To United States And Precipitate “Serious Market Reaction”
www.zerohedge.com/article/confidential-memos-indicate-oil-sdr-pricing-shift-would-be-most-damaging-united-states-and-p
Special Drawing Rights – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Special_Drawing_Rights
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