All about Finance and Investing
Learn from colleagues and experts
Join now. Completely free.
Log in
X
Why register?
Welcome to the world's #1 website about management.
- Discover 1000s of knowledge centers.
- Learn from colleagues and experts.
- Share best practices with 1,000,000 members.
- Accelerate your management career.
- Completely free.
Log in
|
New Global Reserve Currency needed?
Prof. Niall Ferguson
Today's economic recession with all its social consequences was caused by financially irresponsible behavior of US regulators, banks, companies and consumers. Having said that, it is remarkable and unfair that the crisis is having a more severe impact upon the rest of the world than it has on the US itself.
The US are fixing their problems by increasing the federal deficit and paying for this by submitting new US government bonds and printing dollars. So basically by more of the same overspending.
It's time the greenback is replaced by a new global reserve currency owned by a more responsible and impartial institution.
|
|
| |
|
New Global Reserve Leon Booysen, Member Prof Ferguson, you have no idea what you are sayin... |
|
| |
|
New Currency NeededMajid Abdul Wahab Bawazir, Member Yes. Prof Ferguson is extremely correct in his arg... |
|
| |
Do you wish to study further? You can learn more from the summary, forum, discussions, lessons, courses, training, instructions, expert tips, best practices and education sources. Register.
|
|
|
|
|
More on Finance and Investing
|
|
|
|
|
|
|
|
