Prophecy in today's headlines

Head of IMF Proposes New Global Reserve Currency

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar. “That day has not yet come, but I think it is intellectually healthy to explore these kinds of […]

UN Panel Welcomes Debate Over New Global Reserve Currency

Editors Note – For those keeping score… This makes it 3. Russia, China and now the UN have each announced  advocating a move to a global currency at the  upcoming  G20 conference. The head of a United Nations expert panel discussing solutions to the financial crisis on Thursday welcomed the debate over a new global […]

Russia To Call For New World Currency At G20 Talks

Russia yesterday published its list of demands for upcoming discussions at the next G20 talks, and top of the list was a new “superreserve currency”. Angered by the dominance of the US dollar as the global reserve currency, the Kremlin said in a statement issued on its website that the IMF should look into the […]