It's has been in the news a lot lately, and the prospects of a global currency have Max Keiser, Huffington Post blogger and host of BBC World's "The Oracle," giving dire warnings of the consequences if China or other countries were to make a push for it.

Keiser appeared on Al-Jazeera English's March 27 "Inside Story" to discuss the possibilities of a global currency. Host Darren Jordon asked Keiser about the pitfalls of converting to a global currency and Keiser used it as an opportunity to launch into an anti-American diatribe.

"Well, the pitfalls are for the U.S.," Keiser said. "The U.S. has what [former French President Charles] de Gaulle called an extraordinary privilege - they can write checks that they never have to cash. They just print new dollars. This has been going on since Bretton Woods at the end of World War II."