Call For Global Currency Expected At G20 Conference
The embattled US dollar is expected to come under scrutiny at a summit of developing and industrialized nations following China-led calls to review its role as a reserve currency.
The dollar issue is bound to surface at the two-day meeting in Pittsburgh as US President Barack Obama and other leaders of the Group of 20 economies debate a new framework for tackling the so called global “economic imbalances” blamed for fuelling the latest financial crisis.
“Though not clear how the plan would be enforced, it would involve measures such as the US cutting its deficits and saving more, China reducing its reliance on exports and Europe making structural changes to boost business investment,” analysts at French bank Societe Generale said in a report.
Some argue that the financial crisis resulted from imbalances between savings and investment in major economies, which have led to large current deficits, as evident in the United States, and surpluses, as enjoyed by China.
I love to read all the headlines like these you are offering to believers in
the second coming of my LORD and SAVIOUR JESUS CHRIST.The bible is very clear
on headline news.It is the preparation for a new heaven and a new earth.Obama
as president has his rewards already on this filthy world.Notice I said world
because this a temporary world for satan and all his fallen angels and demons.We must prepare in spirit and truth to follow a risen LORD.HE is the great I AM,THE ANCIENT OF TIMES.The creator of all knows everything like he told the apostles before he left to be with the FATHER,I go to prepare a place
for you.He will come again soon,yes JESUS THE CHRIST come quickly.