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Wednesday, July 01, 2009

Russia calling for a new currency

A few months ago I posted about China calling for a new world currency, because they don't trust the dollar's strength in the years to come. I wish I could disagree, but I think they have a point.

Russia has joined them in this campaign. In fact, they are working together on a proposal to accomplish this at the G20 Summit.

What do you think will take the place of the dollar in coming years as the foundation for International exchange? Will be it be an existing currency or a newly created one?

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