EXCERPT FROM BLOOMBERG.COM

Russian President Dmitry Medvedev may discuss his proposal to create a new world currency when he meets counterparts from Brazil, India and China this month, Natalya Timakova, a spokeswoman for the president, told reporters by phone today. Russia's proposals for the Group of 20 meeting in London in April included studying a supranational currency.

"We need some kind of universal means of payment, which could create the basis of a future international financial system," Medvedev said in a June 1 interview with CNBC. "Naturally, because of the crisis in the American economy, attitude to the dollar has also changed."

Regional reserve currencies are an "unavoidable" part of "regionalizing" the global financial system, Deputy Finance Minister Dmitry Pankin said in Moscow today.

Read the full article at http://www.bloomberg.com/apps/news?pid=20601087&sid=a3X76sjV801Y&refer=worldwide

 
 

16 Comments

  1. Bill says:

    The Federal Reserve is destroying our dollar making way for a new world currency that they can create in order to fund a centralized world government. We need to end the Federal Reserve now.

  2. Bill says:

    The Federal Reserve is destroying our dollar making way for a new world currency that they can create in order to fund a centralized world government. We need to end the Federal Reserve now.

  3. John Unruh says:

    Pay attention Americans. The mainstream media is giving you lots of clues that before you know it, the US Dollar is going down the drain. Protect your assets by buying shares in CEF, a fund that invests only in silver and gold bullion, or buy the physical metal and keep it in a safe place.

  4. John Unruh says:

    Pay attention Americans. The mainstream media is giving you lots of clues that before you know it, the US Dollar is going down the drain. Protect your assets by buying shares in CEF, a fund that invests only in silver and gold bullion, or buy the physical metal and keep it in a safe place.

  5. Flotsam says:

    More and more it seems that globalization is inescapable, and a world currency inevitable. It seems the United States will be forced to rethink its position in the world; after the last administration we lost both respect and power in the world.

  6. Flotsam says:

    More and more it seems that globalization is inescapable, and a world currency inevitable. It seems the United States will be forced to rethink its position in the world; after the last administration we lost both respect and power in the world.

  7. pat says:

    I don't think Bush or the current installed figurehead has much to do with any of this. This has all been in the works for a long time. The people who could see it and tried to stop it when it may have been stopable were not heeded.

  8. pat says:

    I don't think Bush or the current installed figurehead has much to do with any of this. This has all been in the works for a long time. The people who could see it and tried to stop it when it may have been stopable were not heeded.

  9. Joel says:

    With the increased printing and spending, it's only a matter of time before serious inflation kicks in for the Dollar. And if China calls in our loans, it's going to be a baaaaad time for everyone.

  10. Joel says:

    With the increased printing and spending, it's only a matter of time before serious inflation kicks in for the Dollar. And if China calls in our loans, it's going to be a baaaaad time for everyone.

  11. Jim says:

    Economic crisis is the subject. So, lets face it off before we lost it all. That Russian President has to do a lot of "bugees". We can go beyond the limit to make a better world without changing anything with the constitution or the monetary status. Leave the hustles, make the muscle to change.

  12. Jim says:

    Economic crisis is the subject. So, lets face it off before we lost it all. That Russian President has to do a lot of "bugees". We can go beyond the limit to make a better world without changing anything with the constitution or the monetary status. Leave the hustles, make the muscle to change.

  13. Chad says:

    Each different countries currency is based on the value of the country and strength of the economy. Having one currency for the world would never work do the very different economies of the world.

  14. Chad says:

    Each different countries currency is based on the value of the country and strength of the economy. Having one currency for the world would never work do the very different economies of the world.

  15. Vimida says:

    I think it is high time we had equality in the world and America stopped thinking of itself as the ruler of the world. For this to happen a new world currency is the best step.

  16. Vimida says:

    I think it is high time we had equality in the world and America stopped thinking of itself as the ruler of the world. For this to happen a new world currency is the best step.

 
 
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