>>We've seen numerous contradictory positions and statements on foreign affairs, but these statements on world currency top the cake:
>>http://www.telegraph.co.uk/finance/economics/5050407/US-backing-for-world-currency-stuns-markets.html
>>
>>So what is the U.S. position exactly? I guess it depends on not only who you ask, but what day you ask...
>
>1) Are they proposing a world currency - similar to the Euro, but at a larger scale? If yes, I don't see any problem with that. This was proposed more than 100 years ago by Bahá'u'lláh - and I am quite sure it will happen, sooner or later. One of several step that will help towards the unification of mankind.
>
>2) Where is the contradiction? Was the U.S. recently against such a currency? I have not been following up too closely on U.S. affairs.

The wealth of the US relies a lot on the dollar as a world reserve currency. That gives a lot of leverage in terms of timing and exporting of inflation, selling the public debt etc, that no other country can do. With that carpet yanked from under the US economy, a lot of dominoes may be expected to fall.