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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (74327)5/20/2011 6:05:08 AM
From: Haim R. Branisteanu  Respond to of 217749
 
Read only the headlines - the USD should stop being the only reserve currency and in exchange there will be a basked of the 3 or 4 major economies - e.g. EUR, Yuan, Yen, USD.

One of the great advocates and promoter in coordination with France and Germany of such changes is - guess who? The guy that was "framed" last week.



To: TobagoJack who wrote (74327)5/20/2011 9:14:18 AM
From: rotweil  Read Replies (1) | Respond to of 217749
 
Hi TJ. Knight research weighs in a several topics. I'm curious what your what you think of there outlook for China. Thx

zerohedge.com



To: TobagoJack who wrote (74327)5/20/2011 10:43:10 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 217749
 
DJ OECD Gurria: Euro Role As Reserve Currency To Increase
20-May-2011
PARIS (Dow Jones)--Despite the ongoing challenges it faces, the euro will keep expanding its role as a global reserve currency, with more countries to join the currency block, the Organization for Economic Cooperation and Development's Secretary General, Angel Gurria, said Friday.

"The euro[-zone] is going to continue to grow, [it will] have more and more members joining," Gurria told journalists at a news conference in Paris.

He said it will be "more and more a reserve currency in the world. It already is".

Gurria played down concerns that the debt problems faced by some members of the currency bloc could infect the others.
"There's no euro-zone crisis," he said, pointing out that the three countries currently facing debt troubles--Greece, Ireland and Portugal--do so for different reasons.

Other members can now count on the "strong safety net" European institutions are building, he said.

(END) Dow Jones Newswires
May 20, 2011 07:28 ET (11:28 GMT)