Quote from: exstasie on October 19, 2020, 11:04:47 PM

What the managing director said was this is "a new Bretton Woods moment." Gold bugs have been trying to interpret this as a call for a return to a gold standard. Bitcoin bugs think the same, that BTC will play some role.

From what I'm reading there she is rather comparing the situations and not the strategy adopted at that time, we're facing right now an economic crisis which might or might not be on the same level as after ww2 with still huge unemployment and others in one full package. Rather than saying anything, not a single word about common currency or common currency politics she is emphasizing more on the aspect of cooperation, with a slight hint at debts restructuring and investment in poorer countries, things which anyone can pretty much figure out that will not happen.

The most important thing in all of that is this:

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The Fund is providing debt relief to its poorest members and, with the World Bank, we support extension by the G20 of the Debt Service Suspension Initiative.

Other than this is the same bla bla bla we've heard for decades, invest in healthcare, education, environment, the same promises that you can make as long as it's not your money to spend and you think it will rain from the sky directly in your pockets. Let's see the capacity of IMF lending once the biggest contributors start asking themselves why give out money when they have their own problems at home.