Tuesday, January 21, 2014

Alternative to US dollar not a new idea

While there is lots of talk lately about a global currency reset and a new monetary system where the US dollar is not the sole global reserve currency, this is not something new.

As you can see from this artice from 2011, this idea has been floating around in the background awhile:


The SDR is always lurking behind the scenes.

And thanks to Koos Jansen for pointing me to this 2009 paper written by a Governor of the People's Bank of China. In it he makes a case for moving towards SDR's as a global currency.


While we are at it, here is a UN think tank paper picking up on the idea of using SDR's as a global reserve currency written in 2011. Again, these ideas are always floating out there in the background.


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