http://www.imf.org/external/np/pp/eng/2010/041310.pdf
No longer is it a question of if but a question of when it will be implemented. Already the conditions are ripe. The outward reason for this currency is of course secular looking. The conditions that make it ripe are:
- US debt is at crippling levels.
- To repay debt, US is printing more money out of thin air.
- The world commodities are in US dollars because it is the reserve currency.
- As US currency devalues due to Quantitative Easing II (QE2), the world economies are abandoning the US dollar, which would become worthless anyway, and are calling for a replacement.
- What better replacement than a one world currency.
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