Russia, China, others urge diverse monetary system

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Russia, China, others urge diverse monetary system - Yahoo! News

YEKATERINBURG, Russia ??? Brazil, Russia, India and China say the world needs a more diversified international monetary system.
The four so-called BRIC nations are concluding their first summit with a final statement calling for the reform of global financial institutions to reflect changes in world economy.
They said Tuesday there is a strong need for a stable, predictable and more diversified global monetary system and urged support for a more democratic and just "multipolar" world order.
There was no explicit mention of the U.S. dollar or the United States in the statement.

 

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Funny, but 20 years ago they were as poor as dirt.....I wonder what kind country help them get to where they are now.

 

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Developing world leaders show new power at summits | U.S. | Reuters

"The BRIC summit ended with a statement by Medvedev and a communique which demanded more power for developing nations. It did not mention two key Moscow initiatives -- a smaller role for the U.S. dollar and a supranational reserve currency."


There was explicit mention of the USD...and the USD dropped app. 1% after the public remark.

 

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Developing world leaders show new power at summits | U.S. | Reuters

"The BRIC summit ended with a statement by Medvedev and a communique which demanded more power for developing nations. It did not mention two key Moscow initiatives -- a smaller role for the U.S. dollar and a supranational reserve currency."


There was explicit mention of the USD...and the USD dropped app. 1% after the public remark.

Hmm....having a strong Military keeps us strong but when we are broke ....