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Buckshot Survival Hour -New Time 8 pm central

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Scrap dollar as sole reserve currency: U.N. report A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value. "A new global reserve system could be created, one that no longer relies on the United States dollar as the single major reserve currency," the U.N. report said. Paul Volcker, former Federal Reserve Chairman and current White House economic adviser, said in April that Congress needs to consider a Value Added Tax (VAT) - a tax on various stages of production of consumer goods. A VAT of 17.5% is now imposed in Britain, and 20% is being proposed; while some EU countries already have a VAT as high as 25%.

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