Today's World News is a site for the people to know what is exactly going on in the news and the world today. Being there is so much hype and propaganda going on these days. This site will add several links so the viewer can research and see the actual news for themselves. Lord knows main stream won't do that for us. Check the links for yourselves. If you find more. By all means. Please share them so they can be added here.
Thursday, June 3, 2010
World currency unit intended to rival U.S. dollar for supremacy
Jameson Berkow, Financial Post · Friday, May 28, 2010
A new currency is intended to challenge the U.S. dollar as the world's foremost reserve currency. The WOCU, short for world currency unit, was actually launched by London-based WDX Organization in September 2009, but only seems to be gaining recognition now. Its value is determined as a derivative of the exchange rates of the world's top 20 currencies, as measured by GDP, in order to reduce the risk associated with exchange rate fluctuations. The new currency is similar to the International Monetary Fund's special drawing rights (SDR), which the IMF uses as a reserve asset to supplement the currency reserves of its member states. Both Russia and China have been pushing for the world to switch to a new currency.