US Backing for World Currency Stuns Markets

By Ambrose Evans-Pritchard

US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is "quite open" to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.

//informationclearinghouse.info/article22300.htm



U.S. Vows To Sustain Dollar's Dominance

By Tomoeh Murakami Tse

Treasury Secretary Timothy F. Geithner said Wednesday that the United States would do whatever it takes to make sure the dollar would remain the world's dominant reserve currency, clarifying comments he had made earlier in the day that had caused the greenback to fall against major currencies.

//informationclearinghouse.info/article22304.htm



Worst Case: The Day The Dollar Falls

Video

This is a Dutch (Netherlands) documentary from 2005. It is about a 'Worst Case' scenario where speculation on the currency exchange market plus a substantial sell-off of dollars from a hedge fund cause a chain reaction in the market, the economy and the political system.

//informationclearinghouse.info/article22305.htm



No End In Sight

By Mike Whitney

China, Russia, Venezuela and Iran have already called for a change in the world's reserve currency. It won't happen overnight, but the momentum is steadily growing.

//informationclearinghouse.info/article22374.htm



Sleepwalking Our Way Towards a World Currency

By Edmund Conway

Let's assume for a moment that we are in the protean stages of a new world currency; that the G20's moves this time last week are laying the ground for its special drawing rights to replace the dollar as the international reserve currency. On that basis which of these two scenarios would you feel more uncomfortable with?

//informationclearinghouse.info/article22385.htm



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