UN slams US Dollar, looks to replace it with IMF virtual currency
The US Dollar - "Its not worth the paper its not being printed on." ~Gerald Celente
"A report by the United Nations says the American dollar should be ditched as the main global reserve currency. It said that the global financial meltdown has exposed systematic weaknesses, one of which is the reliance on the greenback. It also found that developing countries have been hit by the dollars loss of value in recent years. A number of states, including Russia and China, have repeatedly called for a new reserve currency system. The UN [IMF] has now suggested using a basket of currencies for this purpose"
"Gerald Celente, the director of the Trends Research Institute, believes the proposed system could collapse."
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