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World Bank: USA's days as an unchallenged economic superpower are numbered & that the dollar is lik

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posted on Sep, 30 2009 @ 09:13 PM
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"The post-G20 fall-out continues. Robert Zoellick, president of the World Bank, warned that America's days as an unchallenged economic superpower are numbered and that the dollar is likely to lose its No. 1 spot as the global reserve currency to the euro and the Chinese renminbi.

"The United States would be mistaken to take for granted the dollar's place as the world's predominant reserve currency," he warned, offering the euro as a "respectable alternative" for international transactions and predicting that the renminbi would "evolve into a force in financial markets".

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