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Loss Of Dollar As World's Reserve Currency

Jul
16

According to Robert Fisk, the UK Independent, "In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket ... Read More

Posted on Domino Watch on July 16th, 2012


Jul
16

Louis Charbonneau, Tue Jun 29, 2010 4:56pm EDT "A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value. But several European officials att... Read More

Posted on Domino Watch on July 16th, 2012


Apr
15

The Information Clearing House, an alternative news source, published on article (Russia Announces Decoupling Trade From Dollar) by economist Peter Koenig that paints a rather bleak picture of America's economic future. As the article title suggests,... Read More

Posted on Domino Watch on April 15th, 2014


Jul
16

In an International Monetary Fund document, a Special Drawing Right (SDR) or basket of currencies called the Bancor would replace the US dollar as the world's reserve currency. It would consist of US dollar (44%), euro (34 %), Japanese Yen (11%) and ... Read More

Posted on Domino Watch on July 16th, 2012


Jul
16

"International Monetary Fund chief Dominique Strauss-Kahn said on Thursday the Chinese yuan should be given a greater role within a restructured international monetary system." "Strauss-Kahn, speaking at the IMF's headquarters, said that adding emer... Read More

Posted on Domino Watch on July 16th, 2012