The UN demand for a global currency indicates the economic weakness of America. If our economic power is challenged, America's international political leadership will soon be reevaluated and probably diminish. It looks like America's day in the sun is ending fast. The change may not happen immediately, but it will come unless there is a radical change in Washington's thinking. The dollar will join the English pound in the graveyard of world currencies.
In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises.
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