Archive for July, 2010
Down?
July 5th, 2010
The United Nations Department of Economic and Social Affairs slammed the US dollar in a new report, saying it is an unreliable international currency and should be replaced.
The UN body recommends the US currency be replaced with a new global reserve regime based on a new supranational currency comprised of a mix of currencies from developed nations.
“People jumped out of the Euro and into the Dollar. That’s like leaving the Titanic to take a ride on Lusitania. They’re both going down. There’s a global financial crisis going on,” said Gerald Celente of the Trends Research Institute.
Celente argued that this is nothing new; it’s “just another scheme in trying to salvage a situation that’s ruin out of control.”
