Sunday, November 16, 2008

World's Economic Reform = Disaster for the U.S.

Reform Disaster blog:

"We underscored that the Bretton Woods Institutions must be comprehensively reformed so that they can more adequately reflect changing economic weights in the world economy and be more responsive to future challenges. Emerging and developing economies should have greater voice and representation in these institutions.


'Comprehensively reformed' unto 'emerging and developing economies' means replacing the current dollar standard with Asian, European, Russian and Mideast currencies.

All the rest is just a smokescreen to soften the blow." (Emphasis Mine in the second paragraph.)

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