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Group of Twenty (G20) finance summit held today in Seoul Wholesale Josh Hart Jersey , Korea. World Bank President Robert Zoellick said yesterday: "He does not advocate re-implementation of the gold standard." This is in response to earlier in the UK "Financial Times" the author calls on developed economies should consider implementing "improved global gold standard" and provoke questions.

"Dollar standard" in this summit is expected to be more controversial, which became the focus of attention. In the occasion of the forthcoming G20 Summit, Nov. 3, the Fed re-launch a new round of quantitative easing, Germany, Russia Wholesale Corey Brewer Jersey , China and other countries of the officials of the United States have publicly expressed dissatisfaction with U.S. covert manipulation.

And "The summit in Seoul will be the exchange rate, the global financial safety net, reform of international financial institutions and development issues for the four major issues." This is the South Korean President Lee Myung-bak has publicly expressed for the media.

"Dollar standard" will be shaken? Some analysts believe that, G20 summit is a forum for the summit can not be expected to change U.S. hegemony. Since the success of Washington and London since the summit, G20's popularity has slipped, the last Toronto meeting of the summit is a failure. The reason is that the economic situation improved Wholesale Lonzo Ball Jersey , more attention to their own national interests, thereby reducing conflicts of interest adjustable and sex.

This time the Seoul summit, the parties to a conflict of interest facing unprecedented intense situation, so far, caused by the depreciation of the dollar is still fighting the spread of global exchange rate, the Fed $ 600 Wholesale Kentavious Caldwell-Pope Jersey ,000,000,000 is fueled by a flood. German Finance Minister Sch盲uble strong words and even denounced the United States while complaining about other countries manipulate the exchange rate to promote exports, while vigorously printing down the dollar's "hypocritical."

World Bank President Robert Zoellick recently in the British "Financial Times" attack is directed at the author serious shortcomings of the "dollar standard." Zoellick that, G20 summit should focus on building a reflection of the emerging collaborative economy monetary system, which may have included the dollar Wholesale Kyle Kuzma Jersey , euro, Japanese yen, British pound, and the move towards capital account liberalization and internationalization of RMB.

But the reporter noted that all previous global financial summit some time ago, remodeling dollar-based international monetary system will inevitably become the consensus of world opinion, but the summit in the "dollar standard" issues tend to be diluted Wholesale Dennis Rodman Jersey , thus avoiding a national summit "cheese."

This time, the United States to restart to maintain the "dollar standard" public relations, after the U.S. Treasury Secretary Timothy Geithner in the G20 Finance Ministers and Central Bank Governors Meeting, APEC finance ministers continue to dish out the "trade balance" on the transfer of global line of sight. Geithner said the "prospects for world economic growth threatened by the massive trade imbalance, G20 should explore how efforts to reduce the risk of the premise of a global cooperation framework."

Experts pointed out that the quantitative Geithner proposals on trade issues, is trying to "altered the idea of" the concern of the G20 shift the focus of the current trade imbalance. And fundamentally Wholesale Jamaal Wilkes Jersey , the current dispute over global trade and exchange rate behind the U.S. dollar is the international monetary system as the core defect.

Geithner has been time and again in the "cold" after a visit in Indonesia, Obama claimed, G20 "remains to be done" to ensure a balanced global economic growth. The stunned that "improving the global gold standard" of Zoellick's speech at the 10 also had turned. He said that policy makers should focus away from the exchange rate and on economic fundamentals, which is crucial.

Many in the industry view is that this summit will not be shaken financial monetary system dominated by the dollar, the exchange rate will continue to fight to continue, but with the IMF quota reform program to be sure Wholesale Jerry West Jersey , the French took over G20 presidency next year, monetary system reform The problem occurs more often in the G20's agenda.jessika kutty
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