New Global Reserve Currency needed?

Finance and Investing

Prof. Niall Ferguson, USA

New Global Reserve Currency needed?

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.


student, India

Cut in Various Tax Rate is Needed

US government is putting extra money in the hands of common people to stimulate the demand but instead of doing this government should cut some taxes so that taxpayers money does not go in the hands of those who are responsible for this crisis like various banks and other compnies which are demanding bailout packages.

Julia, Ukraine

New Global Currency

I agree with you. US methods of generating, regulating and exporting the financial crisis will lead ... Sign up

Leon Booysen
Management Consultant, South Africa

New Global Reserve

Prof Ferguson, you have no idea what you are saying. Blaming US alone for a world wide financial cri... Sign up

Majid Abdul Wahab Bawazir
Accountant, United Arab Emirates

New Currency Needed

Yes. Prof Ferguson is extremely correct in his argument and we are in the need of a new currency. Th... Sign up

John Casper

We Never Learn from History..

This is NOT a result of irresponsibility or carelessness but an inevitable outcome of ANY fiat curre... Sign up

Onyango Lucius
Events Marketer, Uganda

Change of Global Currency

Prof. Ferguson is correct, I do not think up to now we can't see that the dollar is no more of use, ... Sign up


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Finance and Investing

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