When the world's leaders begin to warn of something in concert, we try to peer beneath the surface to see what they are really driving at. Austerity – the grinding down of the West's middle class – is one aspect of it, perhaps. But the installation of a global currency is perhaps another. Problem ... solution. Thesis ... antithesis.

 

David Cameron joined a number of other prominent leaders in warning about the perilous state of the West's and the world's economy. At the same time, we learn, French President Nicolas Sarkozy is pushing US President Barack Obama to support adding the Chinese yuan to the IMF's SDR basket. SDRs have been suggested as a potential new, global currency that could take over from the sputtering dollar.