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Not coincidentally, immediately following the conference, Brazil, Russia, India, China, and South Africa (the BRICS) met for a summit, calling for ‘a restructuring of the World War II-era global financial system and an eventual end to the long reign of the U.S. dollar as the world’s reserve currency.‘
In addition, word has it that the International Monetary Fund (IMF), part of the old world economic order that came from the first Bretton Woods, may be getting a new leader, Gordon Brown, former British Prime Minister.
The end result will likely be a world that uses the dollar less, a world that will look upon a declining U.S. economic status.
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