Article

2009-09-07 International-UN-NGOs

UN wants new global currency to replace dollar

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Posted by tipper 2009-09-07 14:08|| || Front Page|| [5 views ] Top

#1 Now that Obama's in office we finally are getting the full support of the international community. Feel the love!

Posted by DMFD 2009-09-07 14:56|| 2009-09-07 14:56|| Front Page Top

#2 Oh great, another bill for counterfeiters to play with.

Posted by Redneck Jim 2009-09-07 16:49|| 2009-09-07 16:49|| Front Page Top

#3 the UN should print their own money. We'll withdraw our contributions and they can see just how accepted as currency their pieces of paper are

Posted by Frank G">Frank G 2009-09-07 17:00|| 2009-09-07 17:00|| Front Page Top

#4 Seriously, I thought that is what the Euro was supposed to do.

Posted by Redneck Jim 2009-09-07 17:02|| 2009-09-07 17:02|| Front Page Top

#5 ...and a pony too.

Posted by Procopius2k 2009-09-07 17:20|| 2009-09-07 17:20|| Front Page Top

#6 But, but, but I thought the UN was busy creating programs about masterbation for 5 year olds!

Posted by Besoeker 2009-09-07 17:39|| 2009-09-07 17:39|| Front Page Top

#7 Only competing currencies will bring financial stability to the world economy.

The current system is a cartel run for the benefit of rent-seekers.

Posted by Bright Pebbles 2009-09-07 19:58|| 2009-09-07 19:58|| Front Page Top

#8 If implemented this will cause the most damage to the economy you can possibly imagine.

Now I won't be able to sleep.

Posted by Bright Pebbles 2009-09-07 20:01|| 2009-09-07 20:01|| Front Page Top

#9 Currencies are all about trust. It used to be trust that they would be converted to gold on request. These days its trust that they won't be debased.

The US admisnistration is debasing the USD by running unsustainable deficits.

The Euro is to a degree a replacement. People trust the Germans, but the Italians, Greeks, Spanish would happily debase the currency.

And good luck to anyone who trusts Russia, China and the UN.

BTW, the world doesn't need a reserve currency. but without one international trade will be reduced. And some people would see less international trade = more self-sufficient national economies as a good thing.

Posted by Phil_B 2009-09-07 21:19|| 2009-09-07 21:19|| Front Page Top

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