I.M.F. Chief Suggests Look at New Reserve Currency

[Rickson]

http://www.nytimes.com/2010/02/27/business/27imf.html

The I.M.F. leader, Dominique Strauss-Kahn, also floated the idea of creating a global reserve currency that could serve as an alternative to the dollar.

After a speech at the I.M.F. headquarters, Mr. Strauss-Kahn said in response to a question about the fiscal crisis in Greece that the fund would be “happy to help if asked” but that the European Union appeared able to resolve the crisis on its own.

“The Europeans, especially the members of the euro zone, want to try to deal with the problems themselves,” Mr. Strauss-Kahn, a former French finance minister, said. “I perfectly respect this.”

The I.M.F. has collaborated with the European Union and the European Central Bank in recent days, sending experts to Athens, but the Europeans have taken the lead on demanding that the Greek government impose cuts in public spending and other austerity measures.

In his speech, Mr. Strauss-Kahn called for a “renewed vision” for the I.M.F., which was part of the global financial architecture created in Bretton Woods, N.H., in 1944, but which faced grave questions about its relevance and survival by the time Mr. Strauss-Kahn took over in 2007.

This topic has been heating up again. With the recent meeting of the banking elites in Austrailia that was secret but not so secret has got my senses going.

I know in the past the nations banking cabal has met to set up currency systems like bretton woods, etc. Was that meeting setting something like this up?

If so, what would it mean for Amerika? We have so many dollars out there I'm sure we'll have to take a big cut to make something like this work. Will our dollar be devalued by 30%, 70%?

Can someone please file a FOIA request for the notes from that meeting please!!!!