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Emerging powers try to wean themselves off U.S. dollars
national post ^

Posted on 06/17/2009 1:09:44 AM PDT by FromLori

Leaders of emerging world powers discussed creating a new global order on Tuesday, one less dependent on the United States and the West. Existing reserve currencies, including the U.S. dollar, had not performed their function and it was time for change, said Russian President Dmitry Medvedev as he hosted a summit of the so-called BRIC nations of Brazil, Russia, India and China. "We are likely to witness the creation of a supranational reserve currency ... which will be used for international settlements," Mr. Medvedev said. "The existing currency system is not ideal." Countries should use their national currencies more for trade, he added.

(Excerpt) Read more at nationalpost.com ...


TOPICS: Business/Economy; Russia
KEYWORDS: brazil; china; cuba; india; iran; northkorea; russia; venezuela

1 posted on 06/17/2009 1:09:44 AM PDT by FromLori
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To: FromLori

Notice the crickets from the Obama administration on this.

Republicans are silent on it too.

They just don’t give a damn that our currency bonds et al could be abandoned by foreign powers.

Does anyone in Washington have the slightest clue how badly things are being screwed up?


2 posted on 06/17/2009 1:17:17 AM PDT by DoughtyOne (Obama post 09/11. The U.S. is sorry, we are a Muslim nation, and we surrender.)
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To: DoughtyOne

Maybe Michelle Bachman she just called them Gangster Government lol a video is here

http://bluelori.blogspot.com/2009/06/bos-gang-sta-government.html


3 posted on 06/17/2009 1:19:57 AM PDT by FromLori (FromLori)
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To: FromLori

Very nice Lori. I’m going to go back to your site tomorrow.

Michelle Bachman nailed it better than most. It’s heartening to see that at least on person gets it.


4 posted on 06/17/2009 1:35:22 AM PDT by DoughtyOne (Obama post 09/11. The U.S. is sorry, we are a Muslim nation, and we surrender.)
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To: FromLori

This is what happens when others come to the conclusion that American leadership is gone and not soon returning.


5 posted on 06/17/2009 1:39:00 AM PDT by ScottinVA (Impeach President Soros!!!)
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To: FromLori

The BRIC states are states that are projected, per a US Report, to equal or surpass the US economically by 2025.


6 posted on 06/17/2009 2:54:31 AM PDT by cranked
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To: FromLori

Here is a lonk to that before mentioned US report. Be warned it is a large .pdf

http://www.dni.gov/nic/PDF_2025/2025_Global_Trends_Final_Report.pdf


7 posted on 06/17/2009 2:56:41 AM PDT by cranked
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To: FromLori

Thanks for the post. Video and article were tied together nicely.

SPR


8 posted on 06/17/2009 5:19:38 AM PDT by Vendome
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