Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8.

[Lthse]

I think maybe you slightly missed the point of the picture.
Have another look and maybe even a think, and then get back to me

Apologies, I think it was the reference to conspiracies.

[cyberianpan]

This is an old story
Russia, Germany & China co-operating to replace Dollar as reserve currency


but shiny new coin nice trick

cYp

[Middleaged]

but shiny new coin nice trick

cYp

The magpies seem happy......

[CitiZenJonredux]

Some of the comments from The Times site are interesting.

"..an indication of China’s reservations about the Russian idea" they want out of the dollar that is why they are buying up real assets and gold. But they dont want to be the last one holding onto the dollar paper. So they talk the dollar up whilst they sell it. Same goes for the pound.
Carla, London, UK

I'm surprised nobody has mentioned the elephant in the room; look, right there *points*

Petro-dollar gentlemen.

[Lthse]

This is an old story
Russia, Germany & China co-operating to replace Dollar as reserve currency


but shiny new coin nice trick

cYp

Yep, and minted in the EU because nobody in Russia or China knows how to mint coins, right?

[garlandgreen]

Yep, and minted in the EU because nobody in Russia or China knows how to mint coins, right?

Or the European Mints have the best tools for making a nice prop on a stage since they have the newest currency.

[Lthse]

Or the European Mints have the best tools for making a nice prop on a stage since they have the newest currency.

So the Russians, who now want to usurp the Dollar, thought it would be a great idea to have the coin minted in Brussels. Just to keep it all a secret yes?

[Guinnesslad]

Its very Russian, cold war like. Quite retro and not very modern.
They'll have to do better than this.
By the way, a one world currency = terrifying.

[Lthse]

You don't seem to understand why you were thought of as nutjobs. The idea of a single global currency is nothing new and indeed not unprecedented. In fact the idea of having floating exchange rates is a very recent invention. The argument as to whether fixed or floating exchange rates are better has been debated in economics has been around as long as both concepts existed.

I understand very well why we were thought of as 'nutjobs', we talked about the Dollar being deliberately collapsed to bring in a new global currency and now that it's happening you and others like you are spinning it as something normal. A few months ago you would have said something very different.

[garlandgreen]

So the Russians, who now want to usurp the Dollar, thought it would be a great idea to have the coin minted in Brussels. Just to keep it all a secret yes?

No to make it look pretty. What secret? He went on telly with it.