Selling Your Gold

The Independent has released information that Arab States, along with China, Russia, Japan and France are about to end the dollar’s hegemony. While snippets like this have been previously discussed, usually accompanied by lots of posturing, nothing firm had ever materialized. If the latest overture turns out to be real, that would be a dramatic hit to Ben Bernanke’s attempt to inflate trillions of debt on the back of a rapidly devaluing reserve currency. Ironically, the end of the dollar’s pai

The Independent, “ The demise of the dollar ” 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 alr

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