Reuters
April 30, 2009
ROME, April 30 (Reuters) - Italian Economy Minister Giulio Tremonti backed on Thursday the idea of a new global currency for international transactions, while keeping existing currencies for domestic use. Tremonti applauded a proposal made last month by China’s central bank governor Zhou Xiaochuan to create a new global reserve currency, but he [...]
Washington Post
April 20, 2009
By Anthony Faiola
Inside a cavernous assembly hall in downtown Washington, dignitaries gather twice a year for routine meetings of the International Monetary Fund. Before long, though, the room could take center stage in the IMF’s transformation into a veritable United Nations for the global economy.
Surrounded by blond wood paneling and a digital [...]
Global Research
April 6, 2009
By Andrew G. Marshall
Following the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar’s role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support [...]
Reuters
April 7, 2009
By Gleb Bryanski
MOSCOW (Reuters) - Russia will ask the International Monetary Fund (IMF) to carry out a study on the potential for a new international reserve currency, Kremlin aide Arkady Dvorkovich said on Tuesday.
China and Russia, the world’s No.1 and No.3 reserve holders, have been pushing for a discussion on making greater use [...]
Bloomberg
April 6, 2009
By Matthew Benjamin
April 6 (Bloomberg) — Joseph Ramelo gave up searching for work in January to return to school, two months after he was laid off as a San Francisco election clerk. Antonio Poe is struggling to get by doing part-time landscaping in Greensboro, North Carolina, after losing his job as an electrician.
While [...]
Politico
Kenneth P. Vogel
April 3, 2009
Lawrence Summers, a top economic adviser to President Barack Obama, pulled in more than $2.7 million in speaking fees paid by firms at the heart of the financial crisis, including Citigroup, Goldman Sachs, JPMorgan, Merrill Lynch, Bank of America Corp. and the now-defunct Lehman Brothers.
He pulled in another $5.2 million last [...]
The Telegraph
April 3, 2009
By Ambrose Evans-Pritchard
Comment from Old-Thinker News: Notice how the article makes the snide comment that “Conspiracy theorists will love it,” as the plans are rolled out.
A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order.
“We have agreed to support a [...]
The Independent
By Andrew Grice, Nigel Morris and Sean O’Grady
April 3, 2009
Gordon Brown declared that a $1 trillion package to stimulate economic growth agreed at yesterday’s G20 summit in London will ensure that the world pulls out of recession more quickly.
Speaking after the one-day summit of the world’s richest nations in the Docklands, the Prime Minister [...]
Kristin Longley
The Flint Journal
March 17, 2009
FLINT, Michigan — Look in any direction from Bianca Bates’ north Flint home, and you’ll see graffiti-covered siding, boarded-up windows and overgrown lots.
About half of the homes on her block are burned out or vacant magnets for drug dealers and squatters. It isn’t where she thought she’d end up, but [...]
