CNBC Guest Calls for World Banking and Currency

As the US dollar and economy continue to lack luster globalists resume calls for a new world economic order

The current world economic order was established at the end of World War II with the Bretton Woods Agreements

CNBC Sep 23, 2010 | The significant monetary advantages that most Americans have enjoyed since the end of World War II are being challenged on a regular basis by advocates of a new world currency, which would likely replace the US dollar as the the most widely held reserve currency in the world today.

Reserve currencies are held as foreign exchange reserves by governments and institutions as per the Bretton Woods Agreements in 1944, and also tend to be the international pricing currency for products traded on a global market, and for commodities such as oil, gold, and so on.

A reserve currency permits the issuing country to purchase commodities at a marginally lower rate than other nations, which must exchange their currencies with each purchase and pay a transaction cost.