Here it comes - United Nations conference calls for new global currency (Obama, dollar)

[KRAMERCAT]

The United Nations Conference on Trade and Development said in a report published Monday that the U.S. dollar should be replaced as the world’s standard reserve currency, giving rise to a new global currency managed by an as-yet undetermined financial regulatory organization.

http://rawstory.com/08/news/2009/09/07/united-nations-calls-for-new-world-currency/

[checking out]

The YEN!!! The YEN!!!!

[Boompa]

Originally Posted by KRAMERCAT

The United Nations Conference on Trade and Development said in a report published Monday that the U.S. dollar should be replaced as the world’s standard reserve currency, giving rise to a new global currency managed by an as-yet undetermined financial regulatory organization.

http://rawstory.com/08/news/2009/09/07/united-nations-calls-for-new-world-currency/

So this proposal has been around since 1944 waiting for Obama?

The rich make too much money speculating in currency to allow it

[irspow]

We already have a worldwide currency. It is called "human capital". It is the currency used by all Godvernments throughout the world who are in debt.

[Jaggy001]

Originally Posted by irspow

We already have a worldwide currency. It is called "human capital". It is the currency used by all Godvernments throughout the world who are in debt.

And there I thought the global currency was called a "credit card"

[subsound]

They have been calling for it for years, at least the last 30 I have been alive. If you have been blithely oblivious to it then you need to catch up with the current events. I don't like it myself, even with increases in transaction costs, because you need to have regional economies move in relation to each other and the best way is with exchange rates.

[Chango]

I propose the new world currency be ammunition. One 5.56 round will be worth $.50, One 9mm round $.25, and one .50 bmg $1.00.

There, I've solved ALL the worlds problem in an anonymous internet forum post.

[AeroGuyDC]

Where is the "Don't Believe Sh*t Stinks Brigade" when you need them? Haven't they been arguing that all this doom and gloom talk of late is just GOP-led nonsense?

This proclamation from the UN would seem to contradict this view (although I never fully expected the liberal left to understand the global currency market to begin with).

[AeroGuyDC]

China holds a substantial portion of our debt.

The Chinese yuan is being proposed as the new reserve currency.

The United States as we know it is done, but don't expect our elected leaders to admit that. Spend, spend, spend is the only path to prosperity in their world.