driving investment, that intervening on that, it will be difficult if not inpossible to create prosperity in this country? i think it will be. the fed is actually destroying prosperity by essentially funning demand that we can t support with earnings and production causing massive current account deficits and the flow of funds overseas and the build-up in china and opec and korea and elsewhere, a massive dollar reserves, that is totally unsustainable, unsupportable system. i think we re coming near the edge of where that can continue to remain. i got to let you go, but we have, are starting this steel on wheels tour around the country. it s the idea is to really catalyze a jobs movement in this country and jobs debate focused on rigged trade, tacks, banking and health care. we d love to have your help.
jack cafferty is here with the cafferty file. hey, jack. suzanne, here is another troubling sign about where we are these days. the united nations says it is time to scrap the dollar as the main global reserve currency. the u.s. dollar of course for years has been the currency of choice, especially in troubled times, a safe haven if you will, whenever uncertainty ar rideses, be awe new report by the u.n. suggests that the dollar has become unreliable. it needs to be replaced with a more stable system. a lot of countries especially in asia, can you say china, have been building up massive dollar reserves, but because the dollar has begun to fluctuate much more recently, these country s currencies have at times become undervalued which makes it harder for those countries to import things. the u.n. s backing a proposal that will replace the dollar with a basket of currencies. the report says that a new reserve system should not be based on a single currency in