The G20 moves the world a step closer to a global currency

This article reminded me of a CFR essay by Benn Steil titled The End of National Currency that I read a couple of years ago. Steil's essay is remarkably astute, not only for his understanding of national fiat currencies, but of the nature of gold as real money as determined by thousands of years of human interaction. While I would welcome the end of nationalistic currencies, I utterly detest the idea of a global 'paper' currency manipulated by a global central bank. In fact, I think it would eventually lead to another dark age. I just hope that any superseding currency is based on something with real value, and not subject to manipulation by a political class.

BTW, are you guys ready for the bust in commercial real-estate and Treasury bonds?