UN slams US Dollar, looks to replace it with IMF ’virtual’ currency
2010 07 05
The US Dollar - "It’s not worth the paper it’s not being printed on." ~Gerald Celente
"A report by the United Nations says the American dollar should be ditched as the main global reserve currency. It said that the global financial meltdown has exposed systematic weaknesses, one of which is the reliance on the greenback. It also found that developing countries have been hit by the dollar’s loss of value in recent years. A number of states, including Russia and China, have repeatedly called for a new reserve currency system. The UN [IMF] has now suggested using a basket of currencies for this purpose"
"Gerald Celente, the director of the Trends Research Institute, believes the proposed system could collapse."
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