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Kremlin to Pitch New Currency at G20

Submitted by Michael Nystrom on Tue, 03/17/2009 - 21:36
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By Ira Iosebashvili | The Moscow Times
17 March 2009

The Kremlin published its priorities Monday for an upcoming meeting of the G20, calling for the creation of a supranational reserve currency to be issued by international institutions as part of a reform of the global financial system.

The International Monetary Fund should investigate the possible creation of a new reserve currency, widening the list of reserve currencies or using its already existing Special Drawing Rights, or SDRs, as a "superreserve currency accepted by the whole of the international community," the Kremlin said in a statement issued on its web site.

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Pick a shell...

Submitted by McKirdyP on Wed, 03/18/2009 - 09:56.

Any shell!

:)

End of the Fed as we know it...BUT, watch out!

Submitted by Dr. Carlson on Wed, 03/18/2009 - 02:17.

Yes, this is what Paul noted, and new international fiat currency to replace the $.

Then, we are truly cooooooked goooooooses!

Nothing but gold and silver shall be the currency of the good ol' usa.

Aloha

i just read something about that

Submitted by twelve on Tue, 03/17/2009 - 22:02.

at: http://www.telegraph.co.uk/finance/financetopics/recession/4...

at least they say some economists are worried about the inflation it would cause. it seems like they usually ignore that.

thanks for reposting this...

Submitted by aVoiceof Reason. on Tue, 03/17/2009 - 21:46.

thanks for reposting this... I put it in a thread earlier but it died pretty fast.