Dollar should be replaced by international standard: U.N. report

"The dollar is an unreliable international currency and should be replaced by a more stable system," the U.N Department of Economic Affairs said in a report Tuesday.
"The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency," the report claims. The World Economic and Social Survey 2010 is supporting a proposal long advocated by the International Monetary Fund to create a standardized international system of money. A global currency. In addition to the proposed legislation regarding global currency, the survey also offered guidance on increasing social well-being. Social well-being? What does that mean exactly? Does this bother anyone else? The survey projects that by 2050 the population will be over 9 billion, with 85 percent living in developing countries, and the global economy will have to sustain a system that will allow for "decent living." Although no one is really sure what that means either. Either way, it looks as if the dollar is nearing it's end.

More stories on The Real News:

American Healthcare

Google China

The Iraq war