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.
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