Stiglitz calls for an open debate on the global financial reform

Tuesday, July 7th 2009 - 07:00 UTC

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The debate on the restructuring of the world economy can’t be limited to a “closed club”, be it the G8 or the G20, and the United Nations must play a “vital role” in those discussions said Economy Nobel Prize Joseph Stiglitz in a column published Monday in the French newspaper Les Echos. Read full article

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Kristoffer
The answer to which “global reserve currency” the world should have - in lieu of the defunct US Dollar - is really simple.

The currency not only already exists, it has been used with success for millennia.

All that is required is for this already existing natural global reserve currency to be (re)recognized for what it is.

The currency's three-letter designation code is XAU. It's English-language name is Gold.

(cf. http://en.wikipedia.org/wiki/ISO_4217)

Next time a government, multinational, or any other cross-border operating entity sends out in invoice, it just needs to designate XAU as the currency - instead of USD, EUR or whatever.

Problem solved!

P.S.

What is NOT the solution is yet another artificial creation of white men in suits Hell-bent on turning the planet into global corporate fascist-state.
Jul 07th, 2009 - 02:13 pm - Link - Report abuse 0
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