Tuesday, November 9, 2010

World Bank president: Gold could replace the dollar

From Mish's Global Economic Trend Analysis:

The current dollar-based global monetary system known as "Bretton Woods II" is on its last legs. We all know it, but what none of us know is what will replace it.

Inquiring minds should be interested to discover that World Bank President Robert Zoellick mentioned a role for gold in the development of a new monetary system to succeed...

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More on the U.S dollar:

This region's food riots could set off the dollar crisis

The first signs of a dollar crash are showing up here

MUST READ Op-Ed: The world's monetary system is melting down...


View the original article here

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