UN wants new global currency to replace dollar

[Chris]

UN wants new global currency to replace dollar
The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world's monetary system since the Second World War.
By Edmund Conway, Economics Editor
Published: 6:45PM BST 07 Sep 2009

A number of countries, including China and Russia, have suggested replacing the dollar as the world's reserve currency. In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises. It added that the present system, under which the dollar acts as the world's reserve currency , should be subject to a wholesale reconsideration.

Is this the death of the dollar? Although a number of countries, including China and Russia, have suggested replacing the dollar as the world's reserve currency, the UNCTAD report is the first time a major multinational institution has posited such a suggestion. In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning central banks would be forced to intervene and either support or push down their currencies depending on how the rest of the world economy is behaving.

more..........UN wants new global currency to replace dollar - Telegraph

[Adopted Son]

But of course, mon cher! They all hate the US because in their minds, we get all the attention and accolade. (Not that we haven't done everything important since WWII)

Now if they can abandon the US Dollar, they think they'll be on more even ground with us.

Wait until they have to start forgiving American debt, like we have been doing for more than 60 years! They will cry the blues, realizing no one is going to make them whole again. Ha! It's what the jealous deserve.

[Faith]

Remember, every nation wanted 'Obama' for America!

In fact, I've read articles where Russia and China are 'laughing' at us for putting the very same people into political office that brought America down.

We're seeing the 'sickness' of Americans that have turn away from God or do not know Him.

God allowed nations to be destroy by destroying them from within.

I guess it's between the government administration to take what we have and foreign countries.

I guess I rather it be the foreign countries than those that America elected~

[gonzo]

wow... step by step we are getting closer.