Re: UN calls for New world Currency

On Sep 10, 6:46 am, Wollybird <wollyb...@xxxxxxxxxxxxxxx> wrote:
On Sep 10, 6:22 am, Wollybird <wollyb...@xxxxxxxxxxxxxxx> wrote:





On Sep 9, 10:58 pm, Tashi <dewachen1...@xxxxxxxxx> wrote:

On Sep 9, 8:51 pm, Wollybird <wollyb...@xxxxxxxxxxxxxxx> wrote:

On Sep 9, 9:17 pm, Tashi <dewachen1...@xxxxxxxxx> wrote:

On Sep 9, 7:02 pm, Wollybird <wollyb...@xxxxxxxxxxxxxxx> wrote:

" which would see all G20 member nations increase their
currency liquidity and allow centralized, “global supervision” of
financial industries".- Hide quoted text -

- Show quoted text -

yes, get to your point.

 I'll sum it up for you stupid. The United Nations along with Russia,
and China, are calling for a new global reserve currency to replace
the dollar.  The Obama Administration is staunchly fighting this.
Guess who will win?  This is not news to you?  This is nothing?

They (not necessarily China and Russia) have been talking about this
since at least 1974, and it reserects with each global recession. Such
baskets of currencies used for reserves and trade settlement ( along
with international agreements and managing agencies) have existed
since Bretton Woods (which oddly enough sprang out of the great
depression). Why would any of this come as a surprise and source of
high anxiety to someone so well informed as you?

    Yes, I'm well aware of this do you think I was born yesterday?  I
did however notice you left out the UN's calls for a new currency as
well, and this was the title and point of this thread you dumbass
Baboon!

Of course the US is fighting it. There are advantages in having the
sole international medium of exchange.

  Yea Wolli you mean an "advantage" like not regressing into a third
world country!

  Here is your homework, describe the aerodynamic effect of a 747
flying 530 mph three feet above the ground!- Hide quoted text -

- Show quoted text -

A new RESERVE currency. As ususal, your depth of understanding is
nil.You are still the baboon, you've said nothing, but snip your
article into little pieces.
as for the plane that hit the Pentagon why not ask one of the 200 eye
witnessess.- Hide quoted text -

- Show quoted text -

Here is a slow ball for you- What would the new reserve currency
consist of, and how would it be different than what exits currently,
and how would it alter the future?

I'll look into my cyrstal ball later and get back to you about how
it would "alter the future". Your asking me a question that no one
( including you) can answer, a lot of "what if's", I don't think
Guitner (allegedly) knows what's happening. They are just patching up
holes in the boat.

But here is another article supporting what I've been saying.

A year after financial crisis, a new world order emerges


One year later, the easy-money system that financed the boom era from
the 1980s until a year ago is smashed. Once-ravenous U.S. consumers
are saving money and paying down debt. Banks are building reserves and
hoarding cash. And governments are fashioning a new global financial
order.
Congress and the Obama administration have lost faith in self-
regulated markets. Together, they're writing the most sweeping new
regulations over finance since the Great Depression. And in this ever-
more-connected global economy, Washington is working with its partners
through the G-20 group of nations to develop worldwide rules to govern
finance.
http://news.yahoo.com/s/mcclatchy/20090908/pl_mcclatchy/3307834_1
.

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