Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.
UN calls for new reserve currencyThe United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit.
Gold surges to record high above $1,040Gold surged to a record high above $1,040 per ounce on Tuesday, fueled by a steadily falling U.S. currency, which prompted investors to buy gold as a hedge against dollar-denominated portfolios.
Earthquake Expert Says Quake Activity Building Up
NASA to Bomb Moon on Friday