UN: Ditch the dollar as a reserve currency?

U.N. panel says world should ditch dollar.

LUXEMBOURG (Reuters) – A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar. ….

http://www.reuters.com/article/newsOne/idUSTRE52H2CY20090318  

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Huge Crash Coming?

http://www.youtube.com/watch?v=qk2Pb1lRuXY&eurl=http://orlingrabbe.com/

http://www.youtube.com/watch?v=shYJ_KkbzWg&feature=related

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How the US is shifting the financial crisis onto the rest of the world.

http://informationclearinghouse.info/article22223.htm

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One Response to “UN: Ditch the dollar as a reserve currency?”

  1. worzzz Says:

    [b]Dollar falls to NIS 4.02 after Fed announcement. [/b] (22-3-09)


    The dollar continued to weaken Friday as the greenback fell another 0.64% against the shekel to reach a representative rate of NIS 4.024. For the week the dollar fell 4.5% against the shekel.

    The U.S. currency’s moves against the shekel however, were really only a reflection of what happened in world forex markets: Just 10 days ago the dollar was trading at $1.26 to the euro and on Friday it hit $1.36 – [b]an 8% drop over those 10 days. …[/b]

    http://www.haaretz.com/hasen/spages/1072824.html

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