So, this is a mildly interesting story:
Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.
“That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now,” he said in a speech on the future mandate of the 186-nation Washington-based lending organization.
Well, that’s a lot of hedging, so while it’s an intriguing little story, with potentially large but extremely uncertain implications for the future, surely no one will run with it to misleadingly suggest that anything is imminent, or already decided, or that any definite statements have been made, or…
AAAAAHHH!!!!! THE DOLLAR IS DEAD!!!!! THE NEW WORLD ORDER HAS ARRIVED!!!!! OBAMA HAS BROUGHT ABOUT THE END OF THE AGE OF AMERICAN DOMINANCE!!!!! EVERYBODY PANIC!!!!!!!!!!!!
Heh.
P.S. Remember how Gandalf said Gollum “hates and loves the Ring”? I sort of feel that way about Matt Drudge.
The man wouldn’t have a paycheck otherwise. This is like being annoyed at the hype that is fomented as a direct result of the exploding high school recruiting industry.
Not to mention, there’s a wee bit of the pot-kettle phenomenon taking place here.