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New Global Reserve Currency needed?

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Finance and Investing

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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.
 

Rating

 
2
abhishek
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.

 
1
Julia, Ukraine
 

New Global Currency

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

 
0
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

 
0
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

 
1
John Casper
Entrepreneur
 

We Never Learn from History..

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

 
0
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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top

More on Finance and Investing:
Methods, Models and Theories
Discussion Topics
topic Distress Restructuring
topic How to restore Trust in Financial Markets?
👀New Global Reserve Currency needed?
topic List of Investment Mantras
topic Know your Customer (KYC)
topic Never Waste a Good Crisis as Investor
topic Effect of Interest Rate Raise on Economic Growth
topic Alternative Investments
topic Minority Shares Buyback
topic The Equity Method in Accounting
topic The Preliminary Expenses in Balance Sheet
topic Cryptocurrencies - Characteristics, PROs and CONs
topic Foreign Investment Guarantees
🔥 Financial Management - Definition and Aspects
topic Investing by Business Firms
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