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

To: Snowshoe who wrote (86096)	1/19/2012 4:22:48 AM
From: elmatador	Respond to of 220172

Before TJ sells his gold to buy USD must consider. A G20 meeting is not an event. It is a part of a process. This process has the ultimate goal of delivering a new economic world order which will replace Bretton Woods Agreement. Politically is not pallatable to call it as I did above. But that does not mean that the re-balancing will not happen. It will since there is no alternative. Quoted from Cannes Summit Final Declaration ... Reflecting the changing economic equilibrium and the emergence of new international currencies 12. We affirm our commitment to move more rapidly toward more market-determined exchange rate systems and enhance exchange rate flexibility to reflect underlying economic fundamentals, avoid persistent exchange rate misalignments and refrain from competitive devaluation of currencies. We are determined to act on our commitments to exchange rate reform articulated in our Action plan for Growth and Jobs to address short term vulnerabilities, restore financial stability and strengthen the medium-term foundations for growth. Our actions will help address the challenges created by developments in global liquidity and capital flows volatility, thus facilitating further progress on exchange rate reforms and reducing excessive accumulation of reserves. 13. We agreed that the SDR basket composition should continue to reflect the role of currencies in the global trading and financial system and be adjusted over time to reflect currencies' changing role and characteristics. The SDR composition assessment should be based on existing criteria, and we ask the IMF to further clarify them. A broader SDR basket will be an important determinant of its attractiveness, and in turn influence its role as a global reserve asset. This will serve as a reference for appropriate reforms. We look forward to reviewing the composition of the SDR basket in 2015, and earlier if warranted, as currencies meet the criteria, and call for further analytical work of the IMF in this regard, including on potential evolution. We will continue our work on the role of the SDR. Unquote As long as the chairs are not re-arranged around the table EU must suffer. Until suffering is unbearable and the rebalancing happens. Cannes Summit Final Declaration – Building Our Common Future: Renewed Collective Action for the Benefit of All g20.utoronto.ca China says meeting G20 pledge is key to IMF funding. reuters.com Here we kill the snake and show the stick...