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Tuesday, June 28, 2011

Central bank reserve managers now see the dollar losing global reserve status

The global elites, through puppet Obama, have almost succeeded in destroying their major obstacle to a world government; the American economy

DOLLAR TO 'LOSE RESERVE STATUS'

By Jack Farchy in London

The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000bn.

More than half the managers, who were polled by UBS, predicted that the dollar would be replaced by a portfolio of currencies within the next 25 years.

That marks a departure from previous years, when the central bank reserve managers have said the dollar would retain its status as the sole reserve currency.

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