The role of the United States as the world's economic leader will be tested this weekend when 20 significant world leaders meet in Washington to address the global financial crisis.
Some European leaders are hailing the summit as the next Bretton Woods - a reference to the historic talks in the latter days of WWII that, in effect, made the dollar the world's dominant currency and laid the foundation for the economic order of the past 60 years. CNN Money
G20 To Begin Implementation Of Global Financial Dictatorship
Sarkozy calls for end to dollar’s world reserve status as powerbrokers meet to finalize building blocks of new world economic order.
“I am leaving tomorrow for Washington to explain that the dollar cannot claim to be the only currency in the world…, that what was true in 1945 can no longer be true today,” Sarkozy stated yesterday.
Economy Minister Christine Lagarde echoed the call and suggested that the Euro could replace the dollar, but that the changeover would have to be gradual so as to reduce volatility. prisonplanet.com