U.N. panel says world should ditch dollar

Reuters ^ | 3/18/09 | Jeremy Gaunt

[FromLori]

LUXEMBOURG (Reuters) - A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.

Currency specialist Avinash Persaud, a member of the panel of experts, told a Reuters Funds Summit in Luxembourg that the proposal was to create something like the old Ecu, or European currency unit, that was a hard-traded, weighted basket.

[FromLori]

hmmm on Drudge the Kremlin wants a world currency

http://www.drudgereport.com/

[dblshot]

Hey I’d be happy if we stopped giving the UN dollars. Ditch the UN!

[exist]

Ugh I hate the UN. Everything they say infuriates me. Honestly, I never see a headline involving the UN that doesn’t make my blood boil.

If, by some providential twist of fate I accumulated absolute power I would have them all executed. Starting with the Chinese guy who said the U.S. were deadbeats.

[Roccus]

Oh, I see. Then they can bundle different currencies, both good and bad, into baskets and trade them.

[BenLurkin]

American panel says world should ditch the U.N.!

[philsfan24]

the world smells blood in the water with this weak president and are looking to capitalize on it.

[Pilated]

Let’s ditch the U.N. and STOP ALL MONEY TO IT!

[Spirochete]

Starting with the Chinese guy who said the U.S. were deadbeats.

Ban Ki Moon is Korean. Not that that lets Chicom UN stooges off the hook :)

[John Jorsett]

Good idea. Henceforth the US can pay its dues in Zimbabwe dollars.

[liberalism is suicide]

We wish!

[villagerjoel]

“Oh, I see. Then they can bundle different currencies, both good and bad, into baskets and trade them.”

You mean like mortgages? Yes, this should be a wonderful idea!

[Semper Mark]

...”ditch the U.N.!” And fill that barn in Manhattan with hay.

[mdk1960]

Go on try the new Putin-Chavez dollars backed by 100% peasant sweat. Good luck with that!

[Trod Upon]

Wouldn’t the UN feel more at home in say...Caracas, or Havana?

[ronnyquest]

"U.N. panel says world should ditch dollar "

Or, or, we could just ditch the U.N. That is about the most useless body ever conceived.

[OCC]

If the UN is for it, I’m against it 100%!

[Centurion2000]

Oh, I see. Then they can bundle different currencies, both good and bad, into baskets and trade them.

Even better, they can securitize it and use it to back the UNDollar.

And then things get bad ... the UNPeso, even worse ? the UNruble.

[TV Dinners]

N.W.O.

[Leo Farnsworth]

“Hey I’d be happy if we stopped giving the UN dollars. Ditch the UN!”

Second!

[FromLori]

I hear that!