IMF's Strauss-Kahn suggests IMF may one day provide global reserve asset Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.
The world needs a treaty to prevent cyber attacks becoming an all-out war, the head of the main UN communications and technology agency warned Saturday. International Telcommunications Union secretary general Hamadoun Toure gave his warning at a World Economic Forum debate where experts said nations must now consider when a cyber attack becomes a declaration of war.
China disclosed the other day that its foreign exchange reserves had increased to about $2.4 trillion in 2009, a gain of $453 billion for the year. These stupendous figures — and the likelihood that the country's reserves will rise by a comparable amount this year — have now become a financial, economic and geopolitical reality of surpassing significance. The significance is not, as many imagine, that China might suddenly "dump" the dollar and dethrone it as the world's major international currency, undermining American economic power and prestige.
President Obama, with China's leader at his side, lifted his sights Tuesday for a broad accord at next month's climate conference that he said will lead to immediate action and "rally the world" toward a solution on global warming.
On their way from the control point to the nearby bus stop, they are watched by dozens more surveillance cameras installed outside buildings, around street corners, or on traffic lights. In fact, their entire stay in Shenzhen may be monitored by cameras in hotels, shopping malls, theaters, buses, street corners, and even small mom-and-pop stores.
A U.S. Navy admiral expressed new concern Friday over China's military buildup and urged Beijing to be clearer about its intentions. With China's military growing at an "unprecedented rate," the U.S. wants to ensure that expansion doesn't destabilize the region, Rear Adm. Kevin Donegan told reporters on a visit to the Chinese territory of Hong Kong.
China should step up to the plate as the leader of a new global economic order, and the US shouldn’t fear the establishment of a global currency because it would help the economy, billionaire investor George Soros says. In a recent interview with the Financial Times, Soros said that China hasn’t been pulling its weight in reorganizing the global economy after last year’s economic collapse, and the way to convince China to lead is to allow it to “own” the reorganization of the global financial system that is underway. “You really need to bring China into the creation of a…
Harvard economist says currency dying 'slow death' With the dollar falling rapidly to test – once again – the $1.50/euro benchmark, Harvard University professor Niall Ferguson, the author of "The Ascent of Money," is warning China has begun "dumping the dollar" by buying gold and commodities, including oil rights around the world.
A scholar and New York Times best-selling author hopes Americans will wake up and take the necessary steps to stop a globalist agenda that he believes threatens U.S. sovereignty.
Robert Mundell masterminded China plan to destroy dollar Jerome Corsi's latest book "America for Sale: Fighting the New World Order, Surviving a Global Depression, and Preserving USA Sovereignty," available in an autographed edition from WND, devotes Chapter 7 to "The Plan to Destroy the Dollar." This is the first in a series of articles by Corsi on the demise of the dollar.
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