Will a new world monetary order emerge from Ukraine crisis?
What is money, when even 'safe' money can be taken away?
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Is the world about to witness a new monetary order?
Mr Zoltan Pozsar thinks so. The Credit Suisse strategist and former United States Federal Reserve and US Treasury Department official said the current Bretton Woods II order crumbled when the Group of Seven countries froze Russia's foreign exchange reserves last month.