The Business Insider reports: "... The United Nations has slammed the U.S. dollar in a new report called Retooling Global Development. They're recommending an end to the dollar's role as dominant reserve currency, and pushing for a new global reserve regime based on a supranational currency made up of a basket of developed nation currencies.
While we've heard this kind of recommendation before, the UN is re-energizing its push. For example, they blame the financial crisis squarely on the dollar system...."
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Comment: I fully agree. I am currently writing a paper about the origin of the current crisis (an ISI book edited by Thomas Woods) and it will give profound arguments for this position. I'll keep you posted on this.
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