New Global Reserve Currency needed?

Finance and Investing


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Finance and Investing > Best Practices > New Global Reserve Currency needed?

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.

Cut in Various Tax Rate is Needed
abhishek, student, India, Member
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.


New Global Reserve
Leon Booysen, Management Consultant, South Africa, Member

New Currency Needed
Majid Abdul Wahab Bawazir, Accountant, United Arab Emirates, Member

We Never Learn from History..
John Casper, Entrepreneur, Member

Change of Global Currency
Onyango Lucius, Events Marketer, Uganda, Member


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