Tag Archives: U.S. dollar

Dollar Soars Against Foreign Currency

Via the Los Angeles Times: Americans have long complained that the dollar doesn’t buy much anymore. Suddenly, the dollar’s problem may be that it buys too much — a change that has huge implications across the global economy for consumers, businesses, investors and governments. The U.S. currency’s value has surged over the last nine months, reaching levels against some world …

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UN: It’s Time For A Global Currency

Oooh WEEE! This is gonna be fun when the End Times folks get hold of it! The United Nations Conference on Trade and Development said in a report published Monday that the U.S. dollar should be replaced as the world’s standard reserve currency, giving rise to a new global currency managed by an as-yet undetermined financial regulatory organization. Heiner Flassbeck, …

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