The Conservative Cave
Current Events => Economics => Topic started by: Chris_ on October 06, 2009, 11:43:00 AM
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UN calls for new reserve currency
The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit.
"Important progress in managing imbalances can be made by reducing the reserve currency country?s 'privilege' to run external deficits in order to provide international liquidity," UN undersecretary-general for economic and social affairs, Sha Zukang, said.
*snip*
China had called in March for a new dominant world reserve currency instead of the dollar, in a system within the framework of the Washington-based IMF.
Ok, stop sending 'em dollars and tell them to GTF out of New York.
MORE (http://www.breitbart.com/article.php?id=CNG.e272eaa74dccc30f21c6ff7638b0f37b.461&show_article=1)
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:censored:'em. Their a worthless bunch that should be disbanded or moved.