U.S. dollar sags on global financial leaders’ omission
Monday, November 9th, 2009
Well, unless there were some backroom dealings we’re not privy to – a distinct possibility – it looks like Mr. Estulin’s sources were wrong.
Flashback: G20 Meet To Finalize Dumping Of Dollar This Weekend? | Dollar Reaches Breaking Point as Central Banks Shift Reserves | Fisk: Nations to hasten demise of dollar in new world order | US dollar set to be eclipsed, World Bank president predicts | Bilderberg Wants Global Currency Now | Dollar to fall under scrutiny at G20 summit | UN wants new global currency to replace dollar | G20 agrees to continue economic stimulus measures; Geithner shops international reserve accord | China Set to Buy $50 Billion in IMF Notes | Medvedev Unveils “World Currency” Coin At G8 | China calls anew for super-sovereign currency | China explores buying $50bn in IMF bonds | Chinese economists deem huge holding of US bonds “risky” as Geithner visits | A Bigger, Bolder Role Is Imagined For the IMF | UK PM reveals G20 plan to boost IMF by $1 trillion, hails new world order (again) | UN & IMF Back Agenda For Global Financial Dictatorship | U.N. panel says world should ditch dollar | IMF poised to print billions of dollars in ‘global quantitative easing’ | Gordon Brown seeks sweeping reforms to give IMF global ’surveillance role’ | IMF may need to “print money”, act as “world’s central bank” as crisis spreads | Globalists Exploit Financial Meltdown In Move Towards One World Currency | World needs new Bretton Woods, says Brown | IMF prescribes state regulation of ‘global financial order’ | Bilderberg Seeks Bank Centralization Agenda | Banks face “new world order,” consolidation: report
Kevin Carmichael, Globe and Mail
November 9, 2009
Currency traders rid themselves of greenbacks with G20 meeting silent on dollar’s role in recovery
It’s what the G20 didn’t say.
Global traders pushed the U.S. dollar to new lows in a bet that leaders of the world’s major economies are unlikely to take steps to stem the currency’s long slide.
By omitting any discussion of the faltering U.S. dollar at a key gathering, global financial leaders effectively pulled the rug out from under the world’s reserve currency as it continues a months-long decline.
The U.S. dollar sank to new lows against a basket of currencies in the wake of a Group of 20 gathering in Scotland on the weekend, where finance ministers, central bankers and International Monetary Fund officials discussed policies aimed at nursing the global economy back to health.
Investors took the relative silence on foreign exchange as a cue to carry on ridding themselves of the legal tender of the world’s largest economy.
“Bottom line, the G20 and the IMF seemed nonchalant about the dollar,” said Marc Chandler, head of global currency strategy at New York-based Brown Brothers Harriman. “That gave traders a green light to do whatever they want to do, which is to sell the dollar.”
The Google Books settlement with U.S. writers and publishers, now scheduled for release Nov. 13, is the result of a four-year tussle over the question of whether the company has the right to digitize millions of books, both those in print and those out of print.
Chancellor Angela Merkel today called for the establishment of a “new global order” in remarks marking the 20th anniversary of the fall of the Berlin Wall.
An Oxford University student has been fined £80 by a street sweeper for dropping a matchstick on the pavement.
Canada’s oil sands companies say they must adopt expensive carbon-capture-and-storage technology to meet environmental challenges, but will require major government subsidies to do so for at least the next decade.
T
The Home Office says it will push ahead with plans to ask communications firms to monitor all internet use.
A former British soldier has admitted for the first time that he saw two of his colleagues kicking and hitting an Iraqi prisoner shortly before he died.