Tuesday, October 13, 2009

Cave's Headlines | October 13, 2009

NY Post | 10-13-09 Dollar loses reserve status to yen & euro

Sun Oct 4, 2009 | Istanbul - G7 - US economic decline forges new world economic order

Fri Sep 25, 2009 | New world economic order takes shape at G20

The Group of Twenty Finance Ministers and Central Bank Governors — G-20 — is a group of finance ministers and central bank governors from 20 economies: 19 countries, plus the European Union (EU). It has also met three times at heads-of-government level: Washington, D.C. in November 2008, London in April 2009 and Pittsburgh in September 2009. The Group of 7 (G-7) is the meeting of the finance ministers from seven industrialized nations.

Federal Reserve System is central banking system of US