February 26, 2010
While United States President Barack Obama and member of his cabinet are talking about the first signs of economic recovery. Not all economists are sure that the world economy is on the way back up. Andrew Gavin Marshall says the debit crisis will be coming to the United States soon, and that we have a financial crisis coupled with a fiscal crisis.
IMF chief pushes for more power, new global currency
By Stephen C. Webster
Saturday, February 27th, 2010
The International Monetary Fund wants more power to police the global financial system and a bigger role in emergency financing, managing director Dominique Strauss-Kahn said Friday.
In a speech to the Bretton Woods Committee, a finance reform think tank in Washington, D.C., he claimed that a stronger IMF also warrants a new global reserve currency that would serve as an alternative to the U.S. dollar.