Per CNN.com, "The dollar is an unreliable international currency and should be replaced by a more stable system, the United Nations Department of Economic and Social Affairs said in a report released Tuesday." They continue, "Many countries, in Asia in particular, have been building up massive dollar reserves. As a result, those countries' currencies have become undervalued, decreasing their ability to import goods from abroad. The World Economic and Social Survey 2010 is supporting a proposal long advocated by the International Monetary Fund to create a standardized international system for liquidity transfer."
This is not a good look y'all. Our economy is crippling faster than an elephant on stilts and it's causing a ripple effect across the globe. Eeeek! Buying gold is startin' to sound real good right about now...
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