Is The Dollar Out and Global Currency In?

This should be of great interest to those who study the end times.

The director of international economics at the Council of Foreign Relations has launched a scathing attack on sovereignty and national currencies.

Benn Steil, writing in the current issue of CFR’s influential Foreign Affairs magazine, says “the world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn.”

In the article, “The End of National Currency,” Steil clearly asserts the dollar and the euro are temporary currencies, perhaps necessary today. He argues “economic development outside the process of globalization is no longer possible.”

His inevitable conclusion is “countries should abandon monetary nationalism.”

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3 Responses to “Is The Dollar Out and Global Currency In?”

  1. David Wozney says:

    A “Federal Reserve Note” is not a U.S.A. dollar. In 1973, Public Law 93-110 defined the U.S.A. dollar as consisting of 1/42.2222 fine troy ounces of gold.

  2. Steve says:

    Thank you for the clarification, David.
    Would you like to comment about the actual content of the post now?

  3. Beth says:

    David,
    I didnt write this article – I just posted a link to it……….

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