The Financial Times reported UN team warns of hard landing for dollar where the article white washes what the report really says, the United States is at risk for a dollar collapse in 2009:
The UN team said that, as the financial crisis spread beyond the US, there had been a massive shift of global financial assets into US Treasury bills, driving their yields almost to zero and pushing the dollar sharply higher. At the same time, however, the US’s external debt had risen to new heights that could provoke a dollar collapse.
The report recommends reform of the international reserve system away from almost exclusive reliance on the dollar and towards a globally backed multi-currency system.
And in breaking news
the sun will rise in the east tomorrow.
People have known that the current economic system is broken for years. When is anyone going to do something about it?
here's some more breaking news
Guys dressed in $1000 dollar suits were seen recently robbing the Treasury blind. This is a daily occurrence with guards handing over the keys, along with Starbucks coffee and pastries.
The Bush administration Press secretary announced we must let them rob the United States blind, otherwise we will have an economic collapse.
President-Elect Obama concurred. We must not let an economic collapse happen. It's important to support these thieves. We cannot let their business model go under and cause a global economic crisis.