http://www.freerepublic.com/focus/f-bloggers/2289272/posts
To: plsjr; DoughtyOne
LOL good graphics there and related to that:
I just saw this article on Bloomberg:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aeFVNYQpByU4
Medvedev Shows Off Sample Coin of New World Currency at G-8
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By Lyubov Pronina
July 10 (Bloomberg) Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a united future world currency.
Here it is, Medvedev told reporters today in LAquila, Italy, after a summit of the Group of Eight nations. You can see it and touch it.
The coin, which bears the words unity in diversity, was minted in Belgium and presented to the heads of G-8 delegations, Medvedev said.
The question of a supranational currency concerns everyone now, even the mints, Medvedev said. The test coin means theyre getting ready. I think its a good sign that we understand how interdependent we are.
Medvedev has repeatedly called for creating a mix of regional reserve currencies as part of the drive to address the global financial crisis, while questioning the U.S. dollars future as a global reserve currency. Russias proposals for the G-20 meeting in London in April included the creation of a supranational currency.
To contact the reporter on this story: Lyubov Pronina in LAquila, Italy at lpronina@bloomberg.net
Last Updated: July 10, 2009 10:23 EDT
10 posted on Friday, July 10, 2009 5:29:22 PM by Captain Beyond (The Hammer of the gods! (Just a cool line from a Led Zep song))
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Even if Russia's call for a global currency failed to gain much traction at a G8 summit, President Dmitry Medvedev took home a coin meant to symbolize that the dream may one day come true.
The Russian leader proudly displayed the coin, which bears the English words "United Future World Currency", to journalists after the summit wrapped up in the quake-hit Italian town of L'Aquila.
Medvedev said that although the coin, which resembled a euro and featured the image of five leaves, was just a gift given to leaders it showed that people were beginning to think seriously about a new global currency.
"In all likelihood something similar could appear and it could be held in your hand and used as a means of payment," he told reporters. "This is the international currency."
Russia, along with China, has been a vocal proponent of diversifying the global currency system away from the dollar, which has dominated global finance and commerce since the end of World War II.
French President Nicolas Sarkozy at the summit joined the band in favour of dumping the dollar as the international currency of reference, insisting that "we cannot stick with just one single currency."
Russian President Dmitry Medvedev holds up an 'worldwide coin' as he discusses the concept of an international currency during the Group of Eight (G8) summit in L'Aquila, central Italy.
Not sure if Medvedev propping up the coin was before or after they were propping him up.