Thursday, February 09, 2012

 
 
 

 
 
 
 
 
The Fed's greatest nightmare: France calls for new reserve currency
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Friday, January 29, 2010
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From Zero Hedge:

Sarkozy is quoted as demanding what is certainly the Fed's greatest nightmare: a return to Bretton-Woods. He furthermore notes, logically, that undervaluation of currencies counters trade, and that the financial system cannot tolerate monetary dumping.

More from the WSJ:

... "It cannot be that...we have a multipolar world and a single world currency," Mr. Sarkozy said. "We need...

Read full article...

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Topics: US dollar | Europe | Cruxallaneous
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