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Greg Brown MoneyNews.com 3/3/2011 Billionaire real-estate magnate Sam Zell warns that Americans should brace for a “disastrous” 25 percent decline in the standard of living if the U.S. dollar’s reign as the global reserve currency ever ends. He says that there are signs in the market that it could eventually happen. As it is now, […] March 4th, 2011 | Tags: global reserve currency, Inflation, Sam Zell, Treasury bonds, U.S. Dollar | Category: Economy, Federal Reserve, Treasury Department | Comments are closed
International Business Times 2/11/2011 Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), thinks the establishment of a new global currency would not only challenge the US dollar’s dominance but also protect the world’s financial system from future shocks and instability. Speaking at a lecture in Washington D.C. this morning, Strauss-Kahn said that while […] February 11th, 2011 | Tags: Dominique Strauss-Kahn, emerging markets, global reserve currency, International Monetary Fund (IMF) | Category: Banking and finance, China, Federal spending, Russia, unemployment, United States | Comments are closed
From Levine Breaking News Daily News Alert: The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the “privilege” of building a huge trade deficit. “Important progress in managing imbalances can be made by reducing the reserve currency countrys ‘privilege’ to run external […] October 6th, 2009 | Tags: global reserve currency | Category: Economy, United Nations | Comments are closed
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