Friday, February 26th, 2010
Which is precisely what the G20 will attempt to implement once the dollar and Euro have been knocked down to something closer to parity status.
Flashback: Sarkozy says world currency disorder unacceptable | Current And Former IMF Heads Call For New Global Currency | U.S. urges China to strengthen currency | George Soros Calls for World Currency and “New World Architecture” | U.S. dollar sags on global financial leaders’ omission | 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
February 26, 2010
International Monetary Fund Managing Director Dominique Strauss-Kahn said Friday a new reserve currency should be explored as an alternative to the U.S. dollar.
Strauss-Kahn, answering questions after a speech at IMF headquarters in Washington, said a new reserve currency would be “intellectually healthy to explore,” The New York Times reported.
The IMF chief declared the need for a “renewed vision” of the world monetary body, which was formed in the aftermath of the 1994 Bretton Woods Agreements in New Hampshire, saying the organization must find better ways to uncover financial crises before risks metastasize throughout the global financial system.
“As long as the United States maintains sound macroeconomic policies and deep, liquid, and open financial markets, the dollar will continue to be the major reserve currency,” the Treasury Department said in an October 2009 report.