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UN: Dump US Dollar for New International Currency

Dollar should be replaced as international standard, U.N. report says - Reads the June 29, 2010 title on CNN.com.

In other words, the UN is saying: Dump the US Dollar for a new international currency. Here is a sniplet from the article:


"Under this proposed system, countries would no longer have to buy up foreign currencies, as China has long done with the U.S. dollar. Rather, they would accumulate the right to claim foreign currencies, or special drawing rights, or SDRs, rather than the currencies themselves.

The special drawing rights would be backed by a basket of currencies, which would make them less susceptible to volatility in any one currency. And because the value of a special drawing right is defined by the IMF, changes in the value of any one currency could be adjusted for."

Source:
http://edition.cnn.com/2010/BUSINESS/06/29/un.report.dollar/index.html

This is the exact financial situation we have been warning about here on NewsUSA on MyFeedPortal.com about how president Obama and others at the G20 meeting in London a couple years ago gave the green-light to this new basket of foreign currencies or SDR, backed by the IMF and World Bank...

So my question is: What does the president have to say about this?

See:
from April 3, 2009 G20 London:
"The G20 leaders failed to mention this new reserve currency it looks like they "slipped in"...

A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order."

Breaking- New World Reserve Currency out of G20!

G20 - Communique out Scotland - Does our US Constitution mean anything anymore?


So, are we dumping the USD (US dollar) for a new international currency?






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