MercoPress. South Atlantic News Agency
Weakening dollar and rising Euro and Yuan, anticipates World Bank
The president of the World Bank cautioned US authorities on Monday against assuming the dollar would maintain its role as the world's reserve currency. Robert Zoellick said other currencies such as the Euro and the Chinese Yuan could win increasing acceptance in international currency markets. Read full article
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Disclaimer & comment rulesThis is just another stone into the bucket raising the water level of the US crisis. Eventually all that water is going to spill out.
Sep 29th, 2009 - 11:02 pm - Link - Report abuse 0I’m looking at stuff like this and the spending of the US Gov and it seems to me that the best thing that I can do is get out of personal debt asap put some money into wealth securing assets. For me that’s gold and silver, something China is very interested in too.
Looking at the widget http://www.learcapital.com/exactprice this morn I see that both are still up but seem range bound at the moment. I don’t think that will last long as we draw closer to November. What with China telling its citizens to buy the metals and their increasing of their gold reserves, the spot price of gold won’t remain below 1k for long I think.
A recent CNN television broadcast gave the impression that Esperanto aims to be a single global language. The comparison was with a global reserve currency instead of the US dollar.
Sep 30th, 2009 - 02:36 pm - Link - Report abuse 0See http://jeffreyhill.typepad.com/english/2009/09/video-global-currency-global-language.html#tpe-action-posted-6a00d8341d417153ef0120a5a17e4b970b
However Esperanto intends to be an auxiliary language, or a second language for all. Please see http://jeffreyhill.typepad.com/english/2009/09/video-global-currency-global-language.html#tpe-action-posted-6a00d8341d417153ef0120a5a17e4b970b for confirmation.
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