There is really no need to write much about this story at this point, because Cobra, I mean the United Nations has decided that it wants a new currency. Many intelligent people predicted that this would happen and most of us didn't believe them. They said that a world currency was comin' round the mountain, and here it comes if the United Nations has its way, because it wants to replace the U.S. dollar with this new world currency in international trading markets. It also wants to create a global reserve bank! You can see one possible version of this global currency by clicking this sentence.
Source: Bloomberg
The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said.
UN countries should agree on the creation of a global reserve bank to issue the currency and to monitor the national exchange rates of its members, the Geneva-based UN Conference on Trade and Development said today in a report.
Source: Bloomberg
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