Create an Account
username: password:
 
  MemeStreams Logo

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

search

Mike the Usurper
Picture of Mike the Usurper
My Blog
My Profile
My Audience
My Sources
Send Me a Message

sponsored links

Mike the Usurper's topics
Arts
  Literature
  Movies
Business
Games
Health and Wellness
Home and Garden
Miscellaneous
  Humor
Current Events
  War on Terrorism
  Elections
Recreation
Local Information
Science
Society
  Education
  International Relations
  Politics and Law
   Intellectual Property
  Media
Sports
Technology

support us

Get MemeStreams Stuff!


 
The demise of the dollar - Business News, Business - The Independent
Topic: Business 1:41 pm EDT, Oct  6, 2009

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.

I seem to remember saying something like this was going to happen a while back. If people thought the current recession hurt, wait until this gets stacked on.

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



 
 
Powered By Industrial Memetics
RSS2.0