|
|
Sunday, October 11
Dollar facing 'power-shift': analysts
by
Roland, the Gunslinger
on Sun 11 Oct 2009 10:35 PM EDT
The Independent, under the front-page headline "The Demise of the Dollar", reported last Tuesday that Gulf states, together with China, Russia, Japan and France, were considering replacing the dollar as the currency for oil deals.
"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," wrote The Independent's Middle East correspondent Robert Fisk.
They would switch "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," added Fisk, citing Gulf Arab and Chinese banking sources.
The report was denied by a host of countries, including Kuwait, Qatar and Russia, while France dismissed it as "pure speculation."
Even so, the United Nations itself last week called for a new global reserve currency to end dollar supremacy, which had allowed the United States the "privilege" of building up a huge trade deficit.
(H/t: Our pal Semra!)
More>>>
2000 Pound Bomb Dropped On Insurgents Hiding In A Hotel In Ramadi - Iraq
by
Riley Jones
on Sun 11 Oct 2009 06:45 PM EDT
Stephanopoulos Laughs When Brazile Says Obama's Nobel Prize Was 'Well-Deserved'
by
Riley Jones
on Sun 11 Oct 2009 03:59 PM EDT
Thou Shalt NOT ask the Goracle Questions!
by
Riley Jones
on Sun 11 Oct 2009 03:23 PM EDT
The New York Times says something smart: "Obama should accept the Nobel Peace Prize on behalf of the US MIlitary"
by
Riley Jones
on Sun 11 Oct 2009 01:35 PM EDT
What Obama SHOULD do: “So for all these reasons — and so you understand that I will never hesitate to call on American soldiers where necessary to take the field against the enemies of peace, tolerance and liberty — I accept this peace prize on behalf of the men and women of the U.S. military: the world’s most important peacekeepers.”
More>>>
White House all Butthurt over FOXNews, as usual...
by
Riley Jones
on Sun 11 Oct 2009 01:29 PM EDT
World War Two Seventy Years ago Today: 10/11/1939
by
Riley Jones
on Sun 11 Oct 2009 10:00 AM EDT
The First Einstein Letter to Roosevelt, 1939 regarding the development of nuclear weapons
United States: Birth of the Development of Nuclear Weapons Roosevelt orders American scientists to investigate the feasibility of building an "atomic bomb."
Fearing war between the USSR and Finland, President Roosevelt appeals to Soviet President Mikhail I Kalinin for restraint and to "make no demands on Finland which are inconsistent with the maintenance and development of amicable and peaceful relations between the two countries, and the independence of each."
Britain: The War Office moves to increase weekly production of mustard gas from 310 to 1200 tons. Britain now has 158,000 troops deployed in France, according to the British Secretary of War, Leslie Hore-Belisha.
Polish government-in-exile foreign minister, August Zaleski, consults with the British prime minister and Lord Halifax. Meanwhile, a commercial agreement is signed by the British and Soviet governments by which timber will be imported in exchange for rubber and Cornish tin.
Finland: The Soviet Union and Finland begin negotiations concerning the establishment of Soviet air bases on Finnish soil. The Soviet Union also requires Finland to cede territory around lake Ladoga and the Gulf of Finland, plus the Petsamo area in northern Finland. In return the Soviet Union offers to give Finland a chunk of desolate land in central Karelia. The Finns reject the Soviet demands fearing that to accept will only encourage further Soviet demands.
In large towns, machineguns and anti-aircraft guns are being mounted.
Germany: A false radio report stating that the British government has fallen and an armistice has been declared leads to open rejoicing.
|
|
