Now Russia’s Promoting A New World Currency

The smackdowns of the U.S. dollar continue. This time Russian President Medvedev is pounding on the table. 

Medvedev is basically echoing the rants that have come out of China about the supremacy of the dollar and proposes the same fantasy of some supra-national currency oriented around the IMF and its special drawing rights units. Until that day comes he suggested that coming out of the crisis banks should look at holding some reserves in regional currencies other than the dollar — he suggests the ruble.

Ah, yes, hold those rubles. Nothing like investing in the currency of a country that’s essentially a criminal enterprise.

But back to the larger point. If China, Russia and others don’t like the dollar and want to go about setting up a new regime then have at it, boys. All they have to do is come up with a credible alternative and I rather suspect that they will have no trouble at all lining up takers. There’s just one little problem.

If you recall, back in April the G-20 all met in London and agreed to move forward with major new commitments to the IMF. It was always a bit vague as to how much everyone was going to pony up but the figure of a trillion dollars in total was bandied about. This would make the IMF a much bigger player in the save the world game and presumably open the door for further strengthening its role as the purveyor of the supra-currency to come.

As usual, when the rubber meets the road reality is much less than what was advertised. In fact, though China and Russia have made noises about putting up some money, to date no one has seen the colour of their money. They keep moaning about reform of governance at the IMF — translation we want a bigger say– but you usually get into the game by anteing up first not after everyone else acquiesces to your demands.

At this rate it’s going to be a long time before the IMF is ready to take over as the new world reserve currency.

more: here and here

You can leave a response, or trackback from your own site.

43 Responses to “Now Russia’s Promoting A New World Currency”

  1. I enjoy, lead to I found just what I used to be having a
    look for. You have ended my 4 day long hunt! God Bless you man.
    Have a nice day. Bye

  2. First of all I want to say excellent blog!
    I had a quick question that I’d like to ask if you don’t mind.

    I was interested to find out how you center yourself and clear your head prior to writing.
    I’ve had trouble clearing my thoughts in getting my ideas out.
    I do enjoy writing but it just seems like the first 10 to 15 minutes are lost simply just trying to figure out how to
    begin. Any suggestions or hints? Kudos!

  3. Las tendencias diseńadores de pagina web apunte web cambian un año tras otro.

  4. You could own to a class that offers the GED program or you can take GED programs right in the comfort of your personal house.

    There is no understanding ways to construct a sales web page due to
    the fact that the associate program will certainly give one, inscribed with
    the affiliate ID that is related to the subscription.

  5. Jeśli już wskażecie Evening Runners jako swój
    klub, to zachęcamy również do zapisania się do rywalizacji na
    stronie Są na niej prowadzone zmagania wszystkich klubów biegowych w
    Polsce. showers|showers The technique here is making sure you exercise
    in the morning as well as not at night prior to you go to bed.

  6. Dacia says:

    Experts think many individuals experience these due to a
    disturbance in the central nervous system normally triggered by stress and
    anxiety, sleep deprival, alcohol or drug abuse, some prescription medications also have negative effects of night horrors, post-traumatic
    stress disorders or perhaps a head injury.
    showers|showers Foods that can trigger sweating at night in guys include
    reviewed meat, garlic, foods and also onions high in capsaicin (the constituent makings
    foods spicy).

  7. Jerrell says:

    You may take German, Italian or latin on a GED online program whereas
    your secondary school does not use these classes.
    After that once the car has actually approved the remote.

  8. ecclesiastic says:

    Powerstep Original Full Length Orthotic Insoles£24.99More info (5)Strong, medical-grade support;Deep heel cradle;Double layer
    and low profile casingFriction reducing top fabric.Formthotics Dual
    Density Full Length Insoles£35.99More info (2)Low density PE foam-basedProvides excellent cushioning to feetTwo layeres
    of foam for superior comfortPerfect for use during high-impact
    sportsPowerstep Pinnacle Orthotic Insoles£34.99 £29.99More info
    (6)Prescription-like orthotic supports;Stabilizing
    heel cradles;Hypurcel innner foam;Soft out EVA foam.Spenco Ironmman Toal Support Max Insoles£31.99More infoDeeep heel cupping;Stiffer, rigid arch support;Perfect for
    serjous athletes;Helps to prevent over pronation.Formthotics Firm Density Blue Insoles£31.99More info (1)Effective
    solution for a broad range of applicationsCan proide relief for heel pain and shin splintsIdeal for patients suffering frtom knee or Achillies
    related injuriesAvailable in a range of sizes to suit most usersSlimflex Simple 3/4 Lengvth Insoles£15.99More info (1)Slimflex Simple 3/4 Length InsolesCustomisableHeat mouldable
    for comfortIncreased general controlExpress Orthotics Hard Density Red 3/4 Length Insoles£29.99More ino (3)Ready for immediate use.No heat moulding required.Designed to fit the guidelines on the base of the orthotic.Self-adhesive for quick and easy replacement.Slimflex Simple High Density 3/4
    Length Insoles£16.99More info (1)Slimflex Simple High Densiity 3/4 Length
    InsolesHigh density version for extra supportFor heavier patients and harder wearing
    patientsIncreased general controlSlimflex Plastic
    Insoles£21.99More infoEVA insoleRigid nylon baseIdeal forr heavier patientsQuick
    dry, moisture absorbing materialSlimflex Simple Full Length Insoles£18.99More infoSlimflex Simple
    Full Length InsolesCustomisableHeat mouldable for comfortIcreased general controlPowerstep Pinnacle Maxx Full Length Orthotic Insoles£34.99Moore info
    (1)Stabilising heel cup and platform;Hypurcel foam for plush cushioning;Micro thin, mildly angled heel platform;Relief and prevention for over pronators.Express Orthotics Firm Density Bluee 3/4 Lebgth Insoles£26.99More infoDesigned to fit thee guidelines
    on the base of the orthoticFirm Density Insoles are ready for immediate useInsoles do not require any heat moulding att allSelf-adhesive for quicck and asy replacementTulis Gaitors 3/4
    Length Arch Support Insoles£26.99More info (1)Superior shock absorption;Arch support;Lightweight;Moisture-wicking fabric.Formthotics Dual Density 3/4 Length Insoles£31.99More infoLoow density PE foam-basedProvides excellent cushioning to feetTwo layers oof foam for superior
    comfortPerfect for use duringg high-impact sportsFormthotics Low Volume Insoles£32.99More infoNarropw fit orthotic for booseting comfort in close-fitting shoesPerfect for
    use in track, cycling and other sports shoesSuitable for those who can only tolerate subtle arch
    supportDesigned for professional customised useSlimfex Kinetic Insoles£16.99Moore
    info (1)Forefoot cushioningWider heel cup for increased supportHard wearingShock absorptionTulis Gaitors
    Full Length Arch Support Insoles£32.99More infoSuperior shock absorptionArch support for alignment and postureLightweight
    and comfortableMoisture-wicking fabricSpenco RX Occulational Replacement
    Insoles£20.99More infoTight fitting shoesSpeciazl ‘heel
    strike’ cushioningOptimum shock absorptionIddeal for Sport FusionExpress Orthotics Hard Density Red Full Length£30.99Moore infoReady for immediate useNo heat moulding
    requiredDesigned to fit the guidelines on the base oof thhe
    orthoticSelf-adhesive for quick and easy replacementPedag Classic Arch Support Insoles£19.99More infoReduces fatigue associated with hours on your feetFeatures a metatarsal pad aand longitudinal arch supportAnatomically shaped foot
    bed with pain-relieving heel cupBreathable, moisture-wicking design with carbon filterPowerstep
    Protech Pro Control Orthotic Insoles£33.99More info (3)Firm
    but flexible arch support;Deep heel cup with a 2-degree medial post;
    Shock absorbing cushioning for enhanced comfort;Ideal for mild to severe over pronation, metatarsal pain, heel or arch pain.Quadrastep F Flat Foot Orthotic Insole£82.99More infoMdial RF & FF
    posting;1st MTH cut-out;Large mediical skive;Ideal for flat feet/PTTD.Spenco Ironman Performancee Gel Insoles£19.99More info (1)Provids maximum cushioningAnatomical Cushioning SystemHeel cuoping
    provides optimal fitCorrect arch placementSpenco RX Arch Cushion Insoles£17.99 – £18.99More info
    (4)Long lasting quality insoleAdded soft arch for edtra
    comfort7 available sizes to ensure fit3/4 ldngth or
    full lengthSlimflex Simple Low Density 3/4 Length Insoles£16.99More infoSuitable for a range of conditionsCustomisable for a greater level of fit
    and comfortHeat mouldable for anatomical supportIncreased grneral control
    of footElevate Full Length Orthotics£31.99More infoHeat
    mouldable orthotic kit;For customised patient fit;Follows anatomical features;For a variety of conditions.Express Orthotics Firm Density Blue Full Length Insoles£30.99More infoReady for
    immediate use.No heat moulding required.Designed to fit
    the guidelines on the base of the orthotic.Self-adhesive for quidk and
    easy replacement.Salfordinsole Lateral Wedge Technology Insole£69.99More infoStabilises foot & ankle;Reduces knee pain in osteoarthritis;Arch support;
    Machine washable.Slimflex Low Density Full Length Insoles£18.99More infoSlimflex Low
    Density Full Length InsolesCustomisableHeat mouldabl for comfortIncreased general controlElevate 3/4 Length Orthotics£31.99More infoHeat mouldable oorthotic kit;For
    customised patient fit;Follows anatomical features;For a variety of conditions.Trio
    Easy Fit Insoles£42.99More infoFor medial foot instabilityFits
    easily into most shoes;Improves ability of medium arch
    feet;For Plantar Fasciitis, Hallux Valgus etc.1st Line
    3/4Length Orthotics£32.99Moore infoHeat mouldable;Suitable for all fot types;Deep heel
    cupss & arch support;3 choices of density.Spenco Ironman Train Shoe Insoles£35.99Morre infoDesigned for runners, casual to professionalRaised arch ribs for stiffer
    arch supportForefoot crash pad to absorb impactMotion control to reduce promation and
    supination1st Line Full Length Orthotics£32.99More infoHeat mouldable;Suitable for all foot types;Deep heel cups & arch support;
    3 choices of density.Comfort Night Splint£34.99More infoSuitable for a
    range of foot & ankle conditions;Adjustable flexion straps;
    Breathable foam liner;Universal forr left/right.Littlesteps Paediatric Foot Orthoses£52.99More infoSpecially designed
    for children;Neuutral RF posting;QQ medium arch;QQ
    standard depth heel cup.Quadrastep B Mild Over Pronation Ortuotic Insole£82.99More infoFor mild over-pronation;For
    low-medium arch;Medial RF posting;Intrinsis lateral FF posting.Quadrastep C Neutral
    Orthotic Insole£82.99More info (1)For under-pronation;For medium arch feet;Neutral RF posting;Standard depth heel cup.Trio Slimfit Insoles£42.99More infoSlim fit for fashion shoes;Mild biomechanical control;Anti-bacterial top
    cover;Cushions under forefoot.

  9. Hmm it appears like your site ate my first
    comment (it was extremely long) so I guess I’ll just sum it up what I submitted and say,
    I’m thoroughly enjoying your blog. I too am an aspiring blog blogger
    but I’m still new to everything. Do you have any recommendations for rookie blog writers?

    I’d really appreciate it.

  10. Excellent weblog right here! Additionally your web site so much up fast!
    What web host are you the usage of? Can I am getting your associate link to your host?
    I want my web site loaded up as quickly as yours lol

  11. Hi, yup this article is truly nice and I have learned lot of
    things from it concerning blogging. thanks.

  12. Unquestionably consider that which you stated.
    Your favorite justification appeared to be on the web the
    easiest factor to take into accout of. I say to you, I certainly get irked at the same time as
    other folks think about issues that they
    plainly do not understand about. You managed to hit the nail upon the top
    as well as outlined out the whole thing with no need
    side-effects , other folks could take a signal. Will likely be
    back to get more. Thank you

  13. Shane says:

    Whatever is bigger as well as better in TEXAS!.

  14. This internet site is my breathing in, rattling good design and Perfect content material.

  15. We don’t simply take a rear seat we help you for the duration of the strategy of similarly finding the
    right internet business up and running or
    helping you improve a pre existing one and
    then we work with you at an economical price level.

    my webpage scottsdale recovery Center

  16. hi!,I like your writing very much! percentage we communicate extra approximately your article on AOL?
    I require a specialist in this area to solve my problem. May be that’s you!
    Taking a look forward to see you.

  17. いつものように放送されるテレビコマーシャルに影響されて、ゲームソフトをダウンロードした愛好家も20%を越え、テレビのCMの影響は、トウの昔から大きいと言うことが出来るというものです。もはやどのようなゲームでも、ネット上でオンラインで繋がることは必要最低限になりました。中でも対戦系のゲームの殆どは、ゲーム内での課金が常識と考えられています。

  18. What i don’t understood is if truth be told how you are no longer
    really much more smartly-preferred than you might be now.
    You’re so intelligent. You recognize thus significantly with regards to this subject, produced
    me in my view imagine it from so many numerous angles.
    Its like women and men don’t seem to be involved until it is one thing
    to accomplish with Girl gaga! Your own stuffs nice.
    Always handle it up!

  19. It’s hard to find experienced people in this particular topic, but you seem like you know what
    you’re talking about! Thanks

  20. etsy says:

    This design is spectacular! You most certainly know how to keep a reader entertained.
    Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Excellent job.
    I really enjoyed what you had to say, and more than that,
    how you presented it. Too cool!

  21. It’s fantastic that you are getting ideas from this paragraph as
    well as from our discussion made here.

  22. Visit Us says:

    I’ve been exploring for a little bit for any high-quality articles or blog posts in this
    kind of area . Exploring in Yahoo I at last stumbled upon this site.
    Reading this information So i am happy to express that I have an incredibly good uncanny feeling
    I found out exactly what I needed. I so much no doubt will make certain to don?t put out
    of your mind this site and give it a glance regularly.

  23. Excellent site. Lots of helpful information here.
    I am sending it to several pals ans additionally sharing in delicious.
    And certainly, thank you in your effort!

  24. you are in point of fact a excellent webmaster. The website loading pace is incredible.
    It kind of feels that you are doing any distinctive trick.
    In addition, The contents are masterpiece. you have done
    a magnificent activity on this matter!

  25. The Wakefield, MA athletics information on line addresses all community news like sports activities,
    organization, work opportunities, group and many others.
    The Wakefield Observer is printed every 7 days on Thursday and has a really broad circulation. Aside from neighborhood information that addresses sports activities from highway races and bike-a-thons, Golf Tournaments, Main League Softball, Soccer, Baseball to Judo and hockey

    Millionaire Zukerman is said to have said that athletics betting really should be authorized
    by the Federal federal government on newspaper web pages so that each newspaper in the
    US can be saved! This is because newspapers in London make above $fifteen million for every calendar year mainly because of sporting activities betting.
    The legality of sports betting in the US is a pretty huge issue and sporting activities betting was prohibited in1992 by the federal law, in most
    states other than Delaware and other a few states in which
    this sports activities betting was previously

    Online sporting activities newsletters give you a preference of voting for athletics teams,
    registering online to sports conferences and so on.
    On line athletics bettors find it useful to subscribe to
    sporting activities news like the Wakefield, MA sports activities Observer.
    Pull down menus aid in obtaining standings, news, statistics, notes and live
    outcomes for different sports activities like football, baseball, golfing, tennis, soccer, horse racing and so forth.

    The Wakefield Observer gives the newest updates on all athletics as well as
    the most modern posts and weblogs. Community sports activities information variety from bicycle-a-thons line the once-a-year Pan-Massachusetts
    Problem which is the US’s pioneer charity bicycle-a-thon that
    is said to increase much more revenue than other events for fund boosting in the nation,
    to The Women Included of Lynn Golf Tournament. Sporting activities information like the Bavaro Brothers
    Football Clinic which is an yearly party that offers all youngsters a chance to
    study from the industry experts, the Melrose Women’s Softball League who are on the lookout for
    new players in the Wakefield area, The Fourth of July Marathon that is a custom down there, presents the reader all
    the information he requires.

    Most up-to-date sporting activities news on the internet can be acquired
    at the suitable sites. Find your supply for the breaking sports activities news, and posts
    on competitive and leisure athletics, online activity scores and so on. Sports activities
    fanatics who are dedicated and are in impact – “sports enthusiasts” – prosper on the information and facts they get on-line.
    Superior sporting activities information on the net also give you
    facts on the organization, subtle machines, sets of restrictions and principles, timing, exact measuring gadgets for scoring, and other
    coverage by leading sporting activities newspapers and bulletins.

    Apart from the sports information, online athletics sites also give the browser record on certain athletics, the origin of a sport and
    the fierce competitiveness local groups and national teams confront to be in the
    prime spots. A Category Checklist or Listing Checklist
    will assistance you to look for most recent content articles in a particular category.

    The Wakefield, MA sporting activities news
    on line is one particular of the illustrations of how a single can continue to keep abreast of the latest sporting functions nationwide.
    Useful info vary from motorsport and car racing,
    to football and tennis tournaments. They also feature one-way links that have facts with regards to the several races, matches and so

  26. Nice post. I learn something new and challenging
    on sites I stumbleupon every day. It’s always
    interesting to read through content from other authors and practice a little something from other

  27. Everything is very open with a really clear clarification of the challenges.
    It was really informative. Your site is very helpful.
    Thank you for sharing!

  28. Brain says:

    Now I am ready to do my breakfast, later than having my breakfast coming again to
    read more news.

  29. Hello! This post could not be written any better! Reading this
    post reminds me of my good old room mate!

    He always kept chatting about this. I will forward this write-up to him.
    Pretty sure he will have a good read. Many thanks for sharing!

  30. As a Newbie, I am permanently exploring online for articles that can help
    me. Thank you

  31. Loving the information on this site, you have done great job
    on the articles.

  32. There is definately a lot to learn about this subject.

    I love all of the points you made.

  33. Very shortly this website will be famous among all blogging and site-building users, due to it’s
    pleasant posts

  34. Very shortly this site will be famous amid all blogging and site-building viewers,
    due to it’s pleasant content

  35. Home says:

    Thank you for any other fantastic post. Where else could anybody get that kind of
    info in such a perfect way of writing? I’ve a presentation next week, and I am at the search for such info.

  36. I just now wanted to thank you a lot more for that amazing web page you have designed
    here. It truly is full of ideas for those who
    are genuinely interested in that subject, in particular this very
    post. You really are all actually sweet and also thoughtful of others plus
    reading your website posts is a fantastic delight in my opinion. And exactly what a generous surprise!
    Dan and I are going to have enjoyment making use of your guidelines in what we should do in the future.
    Our listing is a mile long which means your tips will be put to good

  37. I was examining some of your articles on this site and I conceive this
    website is very informative! Continue posting.

  38. Awesome site you have here but I was wanting to know
    if you knew of any forums that cover the same topics discussed here?
    I’d really love to be a part of online community where
    I can get responses from other experienced individuals
    that share the same interest. If you have any recommendations,
    please let me know. Appreciate it!

  39. Tevida says:

    This excellent website really has all of the information I needed
    about this subject and didn’t know who to ask.

  40. Awesome site you have here but I was wanting
    to know if you knew of any user discussion forums that cover
    the same topics talked about here? I’d really love to be
    a part of community where I can get opinions from other
    knowledgeable people that share the same interest.
    If you have any recommendations, please let me know. Thanks a lot!

  41. It’s hard to come by experienced people for this subject, but you seem like you know what
    you’re talking about! Thanks

  42. Good blog you have got here.. It’s difficult to find quality writing like yours nowadays.
    I truly appreciate people like you! Take care!!

  43. I visit each day some web pages and websites to read posts, except this website presents feature based writing.

Leave a Reply