Emerging economies get new role

The G20 group of leading and emerging economies is to take on a new role as a permanent body co-ordinating the world economy, a White House statement said.

B92

This is the beginning of the shift of power from the US to the emerging powers of Asia that we have been talking about.

It's an established fact that federal US chief Bernake
has been printing dollars out of thin air to help the banking sector and to finance the current and trade deficit accounts but at the sametime he is accelerating its demise.

Again this is the only credible ace Bernake has got left with.By cutting the dollar's value is probably his only way to service US's massive debt.

Foreign countries and central banks are already slashing their dollar holdings in order to protect themselves from the greenback's capitulation.

The G20,i guess,due to the massive debt problems the world is facing today which cannot be repaid,they will have to arrive at extreme decisions to deal with the crisis.

A new Bretton Woods system could be one idea.They could also allow the price of gold rise against their currencies
which will reduce their mountains of debt.Hoever,such
a decision will push the price of gods and services to new highs and will cause social upheavals in many countries.

Whatever decision they take one thing is certain.That is we're in for a very rough ride for the next 3 to 4 years.Keep tight.

The G20 group of leading and emerging economies is to take on a new role as a permanent body co-ordinating the world economy, a White House statement said.

B92

This is the beginning of the shift of power from the US to the emerging powers of Asia that we have been talking about.

It's an established fact that federal US chief Bernake
has been printing dollars out of thin air to help the banking sector and to finance the current and trade deficit accounts but at the sametime he is accelerating its demise.

Again this is the only credible ace Bernake has got left with.By cutting the dollar's value is probably his only way to service US's massive debt.

Foreign countries and central banks are already slashing their dollar holdings in order to protect themselves from the greenback's capitulation.

The G20,i guess,due to the massive debt problems the world is facing today which cannot be repaid,they will have to arrive at extreme decisions to deal with the crisis.

A new Bretton Woods system could be one idea.They could also allow the price of gold rise against their currencies
which will reduce their mountains of debt.Hoever,such
a decision will push the price of gods and services to new highs and will cause social upheavals in many countries.

Whatever decision they take one thing is certain.That is we're in for a very rough ride for the next 3 to 4 years.Keep tight.