UN countries should agree on the creation of a global reserve bank to issue the currency and to monitor the national exchange rates of its members, the Geneva-based UN Conference on Trade and Development said

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSp9VoPeHquI
***********************************************************
The following is a summary of the main economic events from the Asia-Pacific and European sessions:

*UN Trade and Development Agency proposes setting-up a new world reserve currency based on a basket of global FX mediums.

*Former Feds Greenspan tells audience in Mumbai, India, that U.S. banks need to hold higher capital ratios than they do currently to offset any future crises.

*Gold breaks above the $1000-per-ounce mark for the first time since late February 2009.

*Chinese Finance Ministry says it will sell CNY 6.0 billion in government bonds; they will be issued in Hong Kong on September 28.

*PBOC Vice Governor Su tells audience at a finance conference that the central bank will continue providing appropriately loose monetary policy.

*UK Chancellor Darling tells audience in Cardiff, Wales, that while the government will not back away from cutting public spending, it will properly signal the move to market agents.

*Expansion interview: ECBs Gonzalez-Paramo says markets could be overreacting to the recent global wave of positive economic data; adds that excesses are always bad.

*UK industrial production rises 0.5% month-over-month in July, beating calls for a 0.2% increase and below the previous 0.6% gain; annual production contracts 9.3% compared to forecasts for a 10.1% fall and following the previous 10.7% decline.

*UK manufacturing production surges 0.9% month-over-month in July, beating forecasts for a 0.3% increase and the previous 0.6% gain; annual production declines 10.1% compared to forecasts for an 11.1% decline and after the previous 11.3% fall.

* German trade surplus rises to €13.9 billion in July, despite calls for a decline to €11.3 billion from €12.1 billion; current account surplus falls to €11.0 billion, a smaller drop than forecasts for a contraction to €10.0 billion from €13.5 billion the month prior.

*Swiss unemployment rate rises to 4.0% in August, despite calls for an increase to 4.1% from 3.9% the month prior.

*Japanese Eco Watchers current economic index falls to 41.7 in August, despite calls for an increase to 43.0 from 42.4 the month prior.

*Japanese trade surplus (BOP basis) drops to ¥437.3 billion in July, more than the expected fall to ¥495.1 billion from ¥602.2 billion in June; meanwhile, current account total increases to +¥1265.6 billion in July from +¥1152.5 billion, disappointing the consensus call, however, for a rise to +¥1452.6 billion.

*Australian NAB business conditions index rises to a +4 reading in August from +1 the prior month; meanwhile, business confidence component increases to +18 from +10 in July.

*UK BRC retail sales monitor declines 0.1% in August, worse than the expected flat reading but improving upon the prior 8.1% drop.

*Kraft Foods says it will continue its £10.2 billion ($16.7 billion) hostile bid to acquire Cadbury, after the chocolate maker rejected an offer by the American foods giant; Kraft is offering 300 pence, or slightly more than a quarter-of-a-share in Kraft, for every Cadbury share.

*British regulators fine Barclays £2.45 million ($4.0 million) for failing to provide accurate transactions information.

*Toyota announces it will hire 800 temporary employees in Japan in October due to improving auto sales.

*Taiwans PM Liu resigns due to the controversy over the governments response to the deadly typhoon last month.

*BBC: Reyes Heroles, the head of Mexicos state-owned oil company Pemex, is replaced by Juan Jose Suarez; Mexican Attorney General Eduardo Medina Mora, integral to the countrys war on drug cartels, also loses his position.

http://www.fxstreet.com/fundamental/market-view/the-overnight-express-north-american-edition/2009-09-08.html
**************************************************************************************************************

The United Nations Conference on Trade and Development said in a report published Monday that the U.S. dollar should be replaced as the worlds standard reserve currency, giving rise to a new global currency managed by an as-yet undetermined financial regulatory organization.

http://rawstory.com/08/news/2009/09/07/united-nations-calls-for-new-world-currency/
*************************************************************************************************************

Duration : 0:4:6

[youtube tXoACHN4QA0]

Duration : 0:4:41

[youtube yFxE3GsPnRQ]

Duration : 0:30:1

[youtube yUyIWoT6yBQ]

Duration : 0:4:16

[youtube ywn2F3XAaJA]

ARMY
Total Land-Based Weapons: 6,672
Tanks: 4,205 [2007]
Armored Personnel Carriers: 830 [2007]
Towed Artillery: 685 [2007]
Self-Propelled Guns: 868 [2007]
Multiple Rocket Launch Systems: 84 [2007]
Mortars: 5,813 [2007]
Anti-Tank Guided Weapons: 1,283 [2007]
Anti-Aircraft Weapons: 1,664 [2007]

NAVY
Total Navy Ships: 182
Merchant Marine Strength: 602 [2008]
Major Ports and Harbors: 6
Aircraft Carriers: 0 [2008]
Destroyers: 0 [2008]
Submarines: 13 [2007]
Frigates: 24 [2007]
Patrol & Coastal Craft: 28 [2007]
Mine Warfare Craft: 24 [2007]
Amphibious Craft: 8 [2007]

AIR FORCE
Total Aircraft: 1,199 [2007]
Helicopters: 336 [2007]
Serviceable Airports: 117 [2007]

FINANCES (USD)
Defense Budget: $30,936,000,000 [2009]
Foreign Exch. & Gold: $76,510,000,000 [2007]
Purchasing Power: $853,900,000,000 [2007]

OIL
Oil Production: 45,460 bbl/day [2005]
Oil Consumption: 660,800 bbl/day [2005]
Proven Oil Reserves: 300,000,000 bbl [2006]

LOGISTICAL
Labor Force: 23,530,000 [2007]
Roadways: 426,906 km
Railways: 8,697 km

GEOGRAPHIC
Waterways: 1,200 km
Coastline: 7,200 km
Square Land Area: 780,580 km

Turkey is 4th largest army of the world and Nato 2th after USA

Duration : 0:5:9

[youtube PhNlANXWbAs]

Duration : 0:3:26

[youtube pjrwugkD50c]

http://www.chrismartenson.com

Duration : 0:6:48

[youtube ASO8izbYNYc]

Peak Oil will inevitably occur. The debate surrounding peak oil is not over its existence, but its chronology. Even if we were to assume conservative estimates, our developed societies are so entrenched in oil production we should begin to mitigate the consequences IMMEDIATELY.

Google Peak Oil Theory

edited by calvin sloan

Duration : 0:0:52

[youtube Wo4r_vT4xJg]

Duration : 0:30:1

[youtube gaLkT9rGNqs]

In memory of Thomas Sankara, African hero.
Dedicated to revolutionaries and environmentalists worldwide.

Duration : 0:2:13

[youtube ic-wKi3j03w]