Dollar should be replaced as international standard, U.N. report says
Intel Hub – The banks have systematically destroyed the dollar in order order to create a new “international standard.” A standard where we will pay our taxes to private offshore banking cartels. TREASON!
By Gabriella Casanas and Mick B. Krever,
New York (CNN) — The dollar is an unreliable international currency and should be replaced by a more stable system, the United Nations Department of Economic and Social Affairs said in a report released Tuesday.
The use of the dollar for international trade came under increasing scrutiny when the U.S. economy fell into recession. “The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency,” the report said.
Many countries, in Asia in particular, have been building up massive dollar reserves. As a result, those countries’ currencies have become undervalued, decreasing their ability to import goods from abroad.
The World Economic and Social Survey 2010 is supporting a proposal long advocated by the International Monetary Fund to create a standardized international system for liquidity transfer.
