New Global Reserve Currency needed?

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New Global Reserve Currency needed?
Prof. Niall Ferguson, USA
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.

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abhishek, student, India
US government is putting extra money in the hands ...

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Julia, Ukraine
I agree with you. US methods of generating, regula...

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Leon Booysen, Management Consultant, South Africa
Prof Ferguson, you have no idea what you are sayin...

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Majid Abdul Wahab Bawazir, Accountant, United Arab Emirates
Yes. Prof Ferguson is extremely correct in his arg...

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John Casper, Entrepreneur, USA
This is NOT a result of irresponsibility or carele...

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Onyango Lucius, Events Marketer, Uganda
Prof. Ferguson is correct, I do not think up to no...


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