Showing posts with label dollar. Show all posts
Showing posts with label dollar. Show all posts
11.25.2009
10.06.2009
The demise of the dollar
· 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.
http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uZS8k7K1-J6cWf42p_8Ln7wXDw35vm-E2KIriJk85AT7W2BWSUzcxrVU89guS621oPX-vx_7LEPEYMb5s8klGFZRnjsvk9XpgDvC2fySrN6iHgFtRrB4bn5y8Mz5Tv_-LvWIgCk-l9EAVSe3EGrmg-=s0-d)
http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html
by Robert Fisk
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.
Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.
[...]
The transitional currency in the move away from dollars, according to Chinese banking sources, may well be gold.
[...]
Read more...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.
Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.
[...]
The transitional currency in the move away from dollars, according to Chinese banking sources, may well be gold.
[...]
"America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate."
9.09.2009
The Dollar Collapses
· Commodities, stocks and foreign currencies all rise as investors sell dollars.
http://www.forbes.com/2009/09/08/dollar-euro-imf-markets-currencies-united-nations.html
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_stZN6b4Rjkf7eQV1QxwH2AYF9_ORdmbKH0HwIXAEyo1_hT0bu9H2Me386Le3mDszqC-Ksr768sywQrsCl5oPNSTxjwB2TpXfJZ2AZN_reNJD9Q0BVo_UtyfsaakGNW58MdOG4lSpVvSwgiO6B7LGUJ=s0-d)
http://www.forbes.com/2009/09/08/dollar-euro-imf-markets-currencies-united-nations.html
The U.S. dollar reached its lowest point against the euro this year due to a myriad of forces including rising global stocks and commodities prices, low interest rates, and investors diversifying out of Treasury debt and into other assets including U.S. stocks with the Dow Jones industrial average approaching 9500 in late afternoon trading.
[...]
By midday trading one euro traded for $1.45, meanwhile the Dollar Index, which tracks the greenback against a basket of currencies, fell to its lowest level since September of 2008.
[...]
By midday trading one euro traded for $1.45, meanwhile the Dollar Index, which tracks the greenback against a basket of currencies, fell to its lowest level since September of 2008.
Read more..."There are other factors
-outside of economic growth-
taking hold in the market."
Subscribe to:
Posts (Atom)
