Posts tagged as:

supracurrency

The New Gold Standard: Will Gold Be Part of A Basket of Currencies Replacing the Dollar as World Reserve?

October 8, 2009 · 2 comments

in US debt, US dollar, central banks, currencies, forex, gold, hyperinflation, inflation, international economy, money supply, precious metals, world reserve currency

Gold has broke through some of its all-time highs today, October 7, 2009, reaching as much as $1043/oz.  But that is not the end of the excitement for all the gold bugs and other lovers and investors in the yellow metal.  Gold might be making a comeback as a contender for one of several currencies [...]

{ 2 comments }

Caution Urged on US Dollar Reserve Currency Status By World Bank President

September 27, 2009 · 0 comments

in Timothy Geithner, UN, US dollar, World Bank, news and updates, world order, world reserve currency

The US dollar has served in the role of world reserve currency since 1944, but there is nothing intrinsic about the US dollar which requires that it – and not some other, new currency – continue to fulfill that function.  If anything, the long-term secular decline in the greenback since 2001, coupled with much more [...]

{ 0 comments }

Supracurrency Coin Proposed as United World Reserve Currency

July 12, 2009 · 10 comments

in US dollar, currencies, international economy, news and updates, world reserve currency

Is the supranational currency proposed by Russian President Medvedev for real?  At the G8 meeting in L’Aquila, Italy (July 8-10, 2009), Medvedev is reported to have brought a sample of a new “united future world currency” coin minted in Belgium and bearing the words “unity in diversity.”
According to Bloomberg, Medvedev said “the question of a [...]

{ 10 comments }