Posted on 03/27/2009 8:06:12 PM PDT by Fennie
Central bank governor Zhou Xiaochuan's recent call to replace the US dollar with a new global currency is gaining traction within the international community.
Joseph Stiglitz, a Columbia University economics professor who heads a United Nations experts panel, said a reserve currency system based on an International Monetary Fund (IMF) unit instead of the US dollar, like what Zhou has proposed, could be phased in within a year.
Stiglitz's panel has issued a set of recommendations for global financial reforms, including a proposal for a new reserve system based on the IMF's special drawing rights (SDRs) - a basket of currencies consisting of the euro, yen, sterling, and the US dollar.
(Excerpt) Read more at chinadaily.com.cn ...
The end is near anyways. Let's get this over with.
Obama is pushing this way and Geitner slipped up exposing the actual goal.
CNBC had an actual nobel winning expert who said it was “inevitable” that the US go under the IMF.
Who was that nobel winner...Al Gore?
Great Britain told the EU to stuff it; they still use the pound not the Euro. There is no reason that the U.S. shouldn’t say the same thing to this bunch of thugs; well, there wasn’t a reason before Zero took over.
Geitner pushed this along. No one is watching!!!!!!
Interesting points in the article.
Will U.S. financial woes lead to new world order?
By Adam Abrams
Is the U.S. about to lose its status as the dominant global superpower? Will the dollar collapse? If so, what would become the new global reserve currency and what would replace U.S. hegemony in a new world order?
http://www.haaretz.com/hasen/spages/1074110.html
Nah, not yet, keep the faith in redneck America. If we gonna go down we gonna have some fun!
They think we are suckers. They’ll print up their Monopoly money and ask people to accept it instead of the dollar. Heck, I’ll print up the “world currency” right here on my computer. I’ll print trillions and trillions of it, and everybody can use that to pay off all the debts. Don’t mind if I print some off for myself, too.
“Nah, not yet, keep the faith in redneck America. If we gonna go down we gonna have some fun!”
Let’s have us a dumbass party before we go:
http://www.youtube.com/watch?v=Tt_oLEkKGSc
Technically speaking, I am keeping the faith. I'm looking forward to getting it over with because I know what comes afterwards.
it was an ecconomist. It was some desk jockey expert in the 5-7am time during the weekdays.
he was very ivory tower educated stupid.
Ok I hear you and I believe, however in the meantime... Hold my beer and watch this
There was a time when the world did have a common unit for money. It was called “gold”. If they want back to that , I’d be happy.
This is not why my father spent 4 years in the South Pacific in WW II.
sounds like he saw the Easter bunny a little early
Do Americas get to vote on this or have any say in the matter?..after all, it is OUR money.
I for one won't wait like some death cult rapturist, not as long as I live or have children.
We've got to avoid being demoralized. That's not the purpose of earthly life or the Scriptures.
War is most definitely coming. 5 years...
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