Group of Twenty (G20) finance summit held today in Seoul, Korea. World Bank President Robert Zoellick said yesterday: “He does not advocate re-implementation of the gold standard.” This is in response to earlier in the UK “Financial Times” the author calls on developed economies should consider implementing “improved global gold standard” and provoke questions.

“Dollar standard” in this summit is expected to be more controversial, which became the focus of attention. In the occasion of the forthcoming G20 Summit, Nov. 3, the Fed re-launch a new round of quantitative easing, Germany, Russia, China and other countries of the officials of the United States have publicly expressed dissatisfaction with U.S. covert manipulation.

And “The summit in Seoul will be the exchange rate, the global financial safety net, reform of international financial institutions and development issues for the four major issues.” This is the South Korean President Lee Myung-bak has publicly expressed for the media.

“Dollar standard” will be shaken? Some analysts believe that, G20 summit is a forum for the summit can not be expected to change U.S. hegemony. Since the success of Washington and London since the summit, G20’s popularity has slipped, the last Toronto meeting of the summit is a failure. The reason is that the economic situation improved, more attention to their own national interests, thereby reducing conflicts of interest adjustable and sex.

This time the Seoul summit, the parties to a conflict of interest facing unprecedented intense situation, so far, caused by the depreciation of the dollar is still fighting the spread of global exchange rate, the Fed $ 600,000,000,000 is fueled by a flood. German Finance Minister Sch