The G-20 countries, now largely in control of the world's economic caretaking, are turning the U.S. into just one of many countries setting the rules for our future.
Behind closed doors, Arab Gulf States are seriously considering replacing the dollar for pricing oil.
The U.N. Commission of Experts on International Financial Reports is now recommending that the world ditch the dollar as its reserve currency and replace it with a basket of currencies.
China's central bank governor Zhou Xiaochuan is calling for a new global reserve currency run by the International Monetary Fund (IMF).
A host of leading and Nobel prize-winning economists — such as Robert Mundell, Joseph Stiglitz, George Soros and fund manager Jimmy Rogers — are making similar arguments and doing so with growing influence.
Make no mistake about it — the world's monetary system is on the verge of dramatically changing. And the chief reason behind it all is ...
Washington's Tower of Debts.
The Demise of the US Dollar.
By: Larry Edelson on: Mon 19 of Oct., 2009 07:39 EDT (506 Reads)
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