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And at least the coverage of the UK's Telegraph fails to mention a salient feature of it.
Russia's President, Dmitry Medvedev (pictured left), pulled the world's new currency from his pocket at the meeting of G8 leaders in the Italian city of Aquila. The future of the dollar was one of several subjects debated at the G8 summit. Mr. Medvedev, who has been seeking ways to displace the dollar as the world's dominant reserve currency, produced a sample coin of what he described as a 'united future world currency'. "Here it is," Mr. Medvedev said, according to Bloomberg. "You can see it and touch it." The coin, which was minted in Belgium, was presented to all the G8 leaders attending the summit and bears the words 'unity in diversity.' The possibility of a supranational currency "concerns everyone now, even the mints," Mr. Medvedev said. The test coin "means they're getting ready. I think it's a good sign that we understand how interdependent we are." - Telegraph
Dominant Social Theme: Alternative currencies are OK.
Free-Market Analysis: How do you write about what may be the new world currency without mentioning "gold." You write the article without using the word. You call it currency - even though it is specie - and you describe it as being minted. But you never call it gold. Way to go, Telegraph. Interesting article anyway.
We have stated within the pages of our slim volume on a number of occasions that were non-Western countries serious about producing an alternative currency, they would back it with gold. Apparently, Medvedev has gone one step further and is hinting at putting gold back into circulation. Wow.
http://www.thedailybell.com/bellPage.asp?nid=444&fl=
Russia's President, Dmitry Medvedev (pictured left), pulled the world's new currency from his pocket at the meeting of G8 leaders in the Italian city of Aquila. The future of the dollar was one of several subjects debated at the G8 summit. Mr. Medvedev, who has been seeking ways to displace the dollar as the world's dominant reserve currency, produced a sample coin of what he described as a 'united future world currency'. "Here it is," Mr. Medvedev said, according to Bloomberg. "You can see it and touch it." The coin, which was minted in Belgium, was presented to all the G8 leaders attending the summit and bears the words 'unity in diversity.' The possibility of a supranational currency "concerns everyone now, even the mints," Mr. Medvedev said. The test coin "means they're getting ready. I think it's a good sign that we understand how interdependent we are." - Telegraph
Dominant Social Theme: Alternative currencies are OK.
Free-Market Analysis: How do you write about what may be the new world currency without mentioning "gold." You write the article without using the word. You call it currency - even though it is specie - and you describe it as being minted. But you never call it gold. Way to go, Telegraph. Interesting article anyway.
We have stated within the pages of our slim volume on a number of occasions that were non-Western countries serious about producing an alternative currency, they would back it with gold. Apparently, Medvedev has gone one step further and is hinting at putting gold back into circulation. Wow.
http://www.thedailybell.com/bellPage.asp?nid=444&fl=
) and I simply ask FRED to combine them; never did I take offense of that however. I guess everyone's different, hence the above.
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