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02:48 AM
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''Sarkozy sets stage for open season on the dollar''...French speech... something missed at the G-20
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[quote:Anonymous Coward 1164876:MV8xMjU2OTI0XzIwNTA0NzcxX0Y0NUQzRjRC] Phase Three. From the Article: "Those who grumbled that nothing of significance happened at the Group of 20 summit missed Nicolas Sarkozy's press conference. [b]The French leader said he and Chinese President Hu Jintao have come up with a strategy that will ensure much of the next 12 months is spent questioning the U.S. dollar's role as the world's reserve currency.[/b] The symbolism of China hosting a major gathering to discuss currency policy is impossible to miss. [b]In March, 2009, Zhou Xiaochuan, the governor of China's central bank, proposed replacing the dollar as the reserve currency with the Special Drawing Right, or SDR, a little-used unit of exchange run by the International Monetary Fund.[/b] (The IMF bases the SDR's value on a basket of the dollar, euro, pound and yen.) Mr. Zhou's suggestion created a stir as investors wondered if China was getting ready to abandon the dollar. Now, thanks to Mr. Sarkozy, Mr. Zhou will get to organize an entire conference on the subject with the world's currency traders watching in rapt attention. [b]There will be fireworks."[/b] [/quote]
Original Message
[
link to m.theglobeandmail.com
]
I am on my mobile and typed out the address ...its a mobile address...but the article is from the globe and mail section entitled ''report on business'' subsection 'economoy'' title ''Sarkozy sets the stage for open season on the dollar''
If there is an issue between a mobile we address and a computer ased one could some kind soul fix the link for me please?
I did not see it on GLP prior to my attempt to post it.
Just more of an indication of a dollar withdrawal/exit.
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