Calls rise for new global currency

[Sundial]

Calls rise for new global currency

By Editor Thursday, November 19, 2009

Tensions over two of the world’s major currencies are escalating, playing out in economic and political circles as countries make a desperate push for crucial trade dollars.

Visiting China, President Barack Obama said he wants the country to dismantle its currency peg to the U.S. dollar. But while the two countries bicker over the value of the yuan, momentum is building for a replacement for the world’s reserve currency.

But International Monetary Fund director Dominique Strauss-Kahn says the days of one country’s currency as the global benchmark are numbered. The U.S. dollar remains the currency standard, but globalization demands a new global currency that provides representation for the growing importance of a variety of major economies, Mr. Strauss-Kahn said during a trip to China.

More here....

http://canadafreepress.com/index.php/article/17035

Now that the EU has an economist at the helm as EU Foreign minister, I think he may well usher in the OWC.

[Tall Timbers]

It doesn't make sense to keep the U.S. dollar as the dominant world currency. They'll have to create a global currency because the world wouldn't trust the currency of any other individual nation, and rightly so.

[Paul]

It doesn't make sense to keep the U.S. dollar as the dominant world currency. They'll have to create a global currency because the world wouldn't trust the currency of any other individual nation, and rightly so.

True, I think the question is just what kind of time frame this will occur in.

[Tall Timbers]

True, I think the question is just what kind of time frame this will occur in.

I'm guessing over the next two or three years. Everybody realizes it now, but change takes time to develop and implement.

[ron4jesus]

It's coming , the one world currency. Prophecy is in full swing.

[Grayling]

As fast as things are moving, I'm with TT. I think we're gonna see a huge push within the next year for a global currency due, in huge part, to our falling dollar and massive debt. I just don't see us paying this off. For these same reasons, I believe, will be the call for the global currency to keep our system from collapsing.

[Sundial]

I wonder though if it could be implemented within a very short period. We are living in unusual times.