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UN

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 [...]

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Zhou Xiaochuan’s Proposal for New Global Reserve Currency is Accepted by the UN

March 29, 2009 · 1 comment

in China, US dollar, currencies, dividends, world order

BREAKING NEWS: Less than a week after it was rejected in Europe, Chinese Central Bank governor Zhou Xiaochuan’s controversial proposal for a new global reserve currency has apparently been accepted by the UN.
According to the Sunday Telegraph on March 29, 2009, “A United Nations panel of economists has proposed a new global currency reserve that [...]

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