UN pushes for global currency reserve

Posted on March 26, 2009

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One day after Timothy Geithner and Austin Goolsbee drew fire for hinting at being open to a Chinese monetary proposal, a United Nations panel pushed for a new Global Reserve System to replace the dollar. This moves the debate somewhat out of the realm of the conspiracy and into the realm of the possible. The dollar tomorrow will undoubtedly fall against this talk, and it’s evident that global movers and shakers are going to make a concerted effort to move away from the dollar, sabotaging it, intentionally or otherwise, in the process. Whether their motives are merely self-serving or nefarious, well, I’ll leave that to the conspiracy theorists to figure out. In either case, it’s without a doubt bad news for American currency worldwide.

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Posted in: News, Politics