United Nations: replace the dollar as the global reserve currency, new global reserve bank

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Remember the Michelle Bachmann hubbub about the proposal from the Chinese government that the U.S. dollar should be replaced with a global currency of some kind? Remember how she - and more importantly her advisors - played into Democrats' hands by confusing "global reserve currency" with the currency used for exchanges in the U.S.? Well, the issue is back and hopefully those like Bachmann won't make the same mistake.

From this 9/7/09 report:

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.

There's a video here and a more technically-oriented WSJ report here.


Hmmm create an unaccountable reserve bank that stands above political influence and it will solve our monetary problems, where have I heard this before?

Got a call from Moscow today about 9 am on skype the boys in moscow hope it happens with the total collapse of our money many, "made guys", can come over and own us like little bitchs in a prisob cell. One of the boys in Moscow said this plan comes right from obamas and Mexico City, it was not made up in old mother Russia in fact it will make the boys in Russia rich by Billions, the boys in Red china stand to make Billions on billions in the world economy Money markets over night, so go with the U.N. Plan and for Americans start to Dream of the good life in mexico. and may God help you all!