Tuesday, October 13, 2009

The Attack on The U.S. Dollar

“The costs of a dollar-dominated system to the world may have exceeded its benefits. The dollar should ... be replaced by a new global reserve currency.”

Zhou Xiaochuan - China’s Central Bank Governor

“Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability.”

Dr. Detlef Kotte - Director of the UN's Macroeconomics & Dev. Policy

1 comment:

Brian Barker said...

A recent CNN television broadcast gave the impression that Esperanto aims to be a single global language. The comparison was with a global reserve currency, instead of the US dollar.

See http://www.youtube.com/watch?v=ZpC8mPk4QBM

May I put the record straight? Esperanto intends to be an auxiliary language, or a second language for all.

Please see http://www.lernu.net for confirmation.