Showing posts with label Middle East. Show all posts
Showing posts with label Middle East. Show all posts

10/06/2009

The demise of the dollar


The demise of the dollar

By Robert Fisk

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading


In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.



The demise of the dollar - Business News, Business - The Independent

8/21/2009

The Destruction of a Civilization



James Petras. Axis of Logic

'The US imperial conquest of Iraq is built on the destruction of a modern secular republic. The cultural desert that remains (a Biblical ‘howling wilderness’ soaked in the blood of Iraq’s precious scholars) is controlled by mega-swindlers, mercenary thugs posing as ‘Iraqi officers’, tribal and ethnic cultural illiterates and medieval... » read this article"

5/08/2008

More from Asia Today

SPEAKING FREELY : The Gulf's currency solution
Some great stuff in Asia Today today. Read on.
The declining value of the US dollar, and with it the wealth of all countries linked to it, has prompted oil states such as Kuwait, Qatar and the United Arab Emirates to consider ending their US dollar currency pegs. The history of the region holds the answer to their quest for an alternative. - Nathan Lewis