UN calls for new currency

It was in the making. It is more believable when it is not the Russian, Chavez, Petrostates and other totalitarian regimes calling for it. In a interview with Bloomberg a UN official shoots for the sky. Money quote:


“The most important lesson of the global crisis is that financial markets don’t get prices right,” Flassbeck said. “Governments are being tempted by the resulting confidence game catering to financial-market participants who have shown they’re inept at assessing risk.”


Ouch.

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