Economic doom......

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Economic doom......

Post  Roick on 11/9/2009, 5:29 pm

UN wants new global currency to replace dollar

By Edmund Conway, Economics Editor
Published: 6:45PM BST 07 Sep 2009

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.

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.

Source:




Doom Daily
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Re: Economic doom......

Post  Roick on 11/9/2009, 5:34 pm

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Re: Economic doom......

Post  flame on 11/9/2009, 8:55 pm

we suck as a planet..


really..
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Re: Economic doom......

Post  Roick on 11/9/2009, 8:58 pm

So this is how it all ends...

Well, we gave it a good run....
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Re: Economic doom......

Post  flame on 11/9/2009, 9:02 pm

on the other hand, it's Friday night..


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Re: Economic doom......

Post  Roick on 11/9/2009, 9:13 pm

hahahaha

I couldn't resist adding this to the smilies...

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Re: Economic doom......

Post  flame on 11/9/2009, 9:17 pm

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Re: Economic doom......

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