April 13, 2011 Joseph Stiglitz is a Nobel Prize winning economist, Columbia University professor, and former Senior Vice President and Chief Economist of the World Bank. In a one-on-one interview at INET’s Bretton Woods conference in New Hampshire he told ” RT” why he thinks the US dollar as the reserve currency is hurting the entire world, how Federal Reserve have failed, and why inequality in the US may be reaching a tipping point that hurts the economy and society, with policymakers sending the US further in the wrong direction.
New World Powers Push for End of Dollar Dominance
http://finance.yahoo.com/news/BRICS-demand-global-monetary-rb-217782600.html?x=0&.v=3
Meeting on the southern Chinese island of Hainan, they said the recent financial crisis had exposed the inadequacies of the current monetary order, which has the dollar as its linchpin.
What was needed, they said in a statement, was “a broad-based international reserve currency system providing stability and certainty” — thinly veiled criticism of what the BRICS see as Washington’s neglect of its global monetary responsibilities.

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Bretton Woods II attendee Joseph Stiglitz advocates global reserve currencyBretton Woods II attendee Joseph Stiglitz advocates global reserve currencyBretton Woods II attendee Joseph Stiglitz advocates global reserve currencyBretton Woods II attendee Joseph Stiglitz advocates global reserve currency