UN Calls for the Creation of Global Reserve Currency

(Bloomberg) -- The dollars role in international trade should be reduced by establishing a new currency to protect emerging markets from the confidence game of financial speculation, the United Nations said.

UN countries should agree on the creation of a global reserve bank to issue the currency and to monitor the national exchange rates of its members, the Geneva-based UN Conference on Trade and Development said

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSp9VoPeHquI
***********************************************************
The following is a summary of the main economic events from the Asia-Pacific and European sessions:


*UN Trade and Development Agency proposes setting-up a new world reserve currency based on a basket of global FX mediums.




*Former Feds Greenspan tells audience in Mumbai, India, that U.S. banks need to hold higher capital ratios than they do currently to offset any future crises.




*Gold breaks above the $1000-per-ounce mark for the first time since late February 2009.

*Chinese Finance Ministry says it will sell CNY 6.0 billion in government bonds; they will be issued in Hong Kong on September 28.




*PBOC Vice Governor Su tells audience at a finance conference that the central bank will continue providing appropriately loose monetary policy.

*UK Chancellor Darling tells audience in Cardiff, Wales, that while the government will not back away from cutting public spending, it will properly signal the move to market agents.




*Expansion interview: ECBs Gonzalez-Paramo says markets could be overreacting to the recent global wave of positive economic data; adds that excesses are always bad.

*UK industrial production rises 0.5% month-over-month in July, beating calls for a 0.2% increase and below the previous 0.6% gain; annual production contracts 9.3% compared to forecasts for a 10.1% fall and following the previous 10.7% decline.

*UK manufacturing production surges 0.9% month-over-month in July, beating forecasts for a 0.3% increase and the previous 0.6% gain; annual production declines 10.1% compared to forecasts for an 11.1% decline and after the previous 11.3% fall.

* German trade surplus rises to €13.9 billion in July, despite calls for a decline to €11.3 billion from €12.1 billion; current account surplus falls to €11.0 billion, a smaller drop than forecasts for a contraction to €10.0 billion from €13.5 billion the month prior.




*Swiss unemployment rate rises to 4.0% in August, despite calls for an increase to 4.1% from 3.9% the month prior.




*Japanese Eco Watchers current economic index falls to 41.7 in August, despite calls for an increase to 43.0 from 42.4 the month prior.




*Japanese trade surplus (BOP basis) drops to ¥437.3 billion in July, more than the expected fall to ¥495.1 billion from ¥602.2 billion in June; meanwhile, current account total increases to +¥1265.6 billion in July from +¥1152.5 billion, disappointing the consensus call, however, for a rise to +¥1452.6 billion.




*Australian NAB business conditions index rises to a +4 reading in August from +1 the prior month; meanwhile, business confidence component increases to +18 from +10 in July.




*UK BRC retail sales monitor declines 0.1% in August, worse than the expected flat reading but improving upon the prior 8.1% drop.




*Kraft Foods says it will continue its £10.2 billion ($16.7 billion) hostile bid to acquire Cadbury, after the chocolate maker rejected an offer by the American foods giant; Kraft is offering 300 pence, or slightly more than a quarter-of-a-share in Kraft, for every Cadbury share.




*British regulators fine Barclays £2.45 million ($4.0 million) for failing to provide accurate transactions information.




*Toyota announces it will hire 800 temporary employees in Japan in October due to improving auto sales.




*Taiwans PM Liu resigns due to the controversy over the governments response to the deadly typhoon last month.




*BBC: Reyes Heroles, the head of Mexicos state-owned oil company Pemex, is replaced by Juan Jose Suarez; Mexican Attorney General Eduardo Medina Mora, integral to the countrys war on drug cartels, also loses his position.

http://www.fxstreet.com/fundamental/market-view/the-overnight-express-north-a...
********************************************************************************­******************************




The United Nations Conference on Trade and Development said in a report published Monday that the U.S. dollar should be replaced as the worlds standard reserve currency, giving rise to a new global currency managed by an as-yet undetermined financial regulatory organization.




http://rawstory.com/08/news/2009/09/07/united-nations-calls-for-new-world-cur...
********************************************************************************­*****************************

Category:

News & Politics

Tags:

• H1N1
• SWINE
• FLU
• MARTIAL
• LAW
• revolution
• obamacare
• 666
• 2012
• satan
• antichrist
• christ
• ww3
• endtimes
• ron
• paul
• ufo
• jfk
• william
• cooper
• obama
• Freemasonry
• Bankers
• infowars
• chip
• mark
• of
• the
• beast
• nwo
• new
• world
• order
• 911
• 2013
• blue
• beam
• death
• end
• war
• freedom
• endtime
• news
• important
• martial
• law
• h1n1
• swine
• flu
• haarp
• false
• flag
• freemason
• cfr
• alex
• jones
• cnn
• glen
• beck
• nau
• lord
• zionist
• inside
• job
• skull
• bones
• bush
• breaking
• bible
• god
• lie

[FreedomsReigning]

US citizen calls for the abolishment of the UN.

They don't represent any of us. They are a quasi governmental agency they use as theater to validate the globalist agenda of collectivism, and eugenics.

[UndefeatedArmy09]

OMG they are pushing faster because everyone is waking up.Here in Ireland yesterday the gov are introducing Carbon Tax.We are all screwed :(

[datzfast]

he is lies , they hold US dollars because they cant buy oil with a euro

[datzfast]

if you listen to what he says it means the dollar will never go away and in two years will replace all monies when europe has to pay its employes in dollars.

[datzfast]

its true america gets its imports for free. we owe china nothing we lie to the US citizen and say we are in debt to china but its a big lie. we get free oil from the middle east. europe has to use earned dollars. but the USA will kill anbody and any country that gets in its way. when a dollar leaves the USA we print new ones. its true. the wold can spend the dollar in the usa or wipe a shitty ass on them. Usa winns either way.

[datzfast]

@FreedomsReigning well the congress with held funding of the UN untill obama was elected.

[datzfast]

@UndefeatedArmy09 in austrailia all the camels are to be shot for carbon credits its in the news today.

[martinzwanenburg]

BUY SILVER!!

an buy it NOW!!

don`t wait! if this is treu,...

silver and gold will hit the moon!!!

[DarkHempKnight420]

Fuck The N.W.O!!! Their nuthing but a bunch of Bitch ass Penis Leaches!!

[MrWhoarethePatriots]

the creature from jakell island

[mrtruthify]

@porkbellyroast

No idea.. I accumulate much.. but if you'd like.. I'll send you an intelligence briefing that willnot only blow your mind.. it will allow you to negociate through the web of this world better than some of the most powerful people on thiis planet.. you will know what they know. Use it for good.. and really.. you have no choice.. a vulgar, fearful mind could never understand/stand under what is reality and function well in it anyway.

PM me.. or anyone els who wants this power.

[mrtruthify]

@66Tigercat

Indeed..

"No one will enter the New World Order unless he or she will make a pledge to worship Lucifer. No one will enter the New Age unless he will take a Luciferian Initiation."

-David Spangler, Director of Planetary Initiative, United Nations

You will survive, intact, whats coming in... 723 days, 21 hours, 58 minutes.