The Saudis are not our friends.
America is being targeted by economic terrorism by many nations. If you can't see that, you are not paying attention.
Posted on 11/17/2007 3:16:53 AM PST by SkyPilot
The dollar could collapse if Opec officially admits considering changing the pricing of oil into alternative currencies such as the euro, the Saudi Arabian foreign minister has warned.
Prince Saud Al-Faisal was overheard ruling out a proposal from Iran and Venezuela to discuss pricing crude in a private meeting at the oil cartel's conference.
In an embarrassing blunder at the meeting in Riyadh, ministers' microphones were not cut off during a key closed meeting, and Prince Al-Faisal was heard saying: "My feeling is that the mere mention that the Opec countries are studying the issue of the dollar is itself going to have an impact that endangers the interests of the countries. "There will be journalists who will seize on this point and we don't want the dollar to collapse instead of doing something good for Opec."
After around 40 minutes press officials cut off the feed, which had been accidentally broadcast to the press room.
Prince Al-Faisal added: "This is not new. We have done this in the past: decide to study something without putting down on paper that we are going to study it so that we avoid any implication that will bring adverse effects on our countries' finances."
Iran and Venezuela have argued that the meeting's final communique should voice concern about the level of the dollar, which has recently fallen to new record lows against the euro. They are pushing for oil to be denominated against a basket of currencies.
The greenback also weakened slightly against the pound, although sterling's own recent weakness has pushed it down from $2.10 to $2.0457 during the week.
Nigerian finance minister Shamsuddeen Usman said that Opec could declare in the communique that: "While underlining our concern for the continued depreciation of the dollar and its adverse impact on our revenues, we instruct our finance ministers to study the issue exhaustively and advise us on ways to safeguard the purchasing power of our revenues, of our members' revenues."
Chancellor Alistair Darling will today urge his fellow finance ministers at a major G20 summit to increase investment in oil production and refinement.
The Saudis are not our friends.
America is being targeted by economic terrorism by many nations. If you can't see that, you are not paying attention.
Unfortunately, it is by our own Congress.
Too bad we didn’t open Anwar ten years ago, but Libs blocked it then and they’re still blocking it.
The liberals have the potential to be owned by anyone other than an American Conservative. They hate the guts of anyone
of WASP conservative background. They would go to bed with Bin Laden before they would ask a conservative to dinner.
And anyone who believes that the feed was "accidentally" left open for 40 minutes...well, I've got a bridge in Brooklyn for sale.
Prince Al-Faisal was heard saying: "My feeling is that the mere mention that the Opec countries are studying the issue of the dollar is itself going to have an impact that endangers the interests of the countries. "There will be journalists who will seize on this point and we don't want the dollar to collapse instead of doing something good for Opec."
And to think we are in bed with these SOBs. A perfect example of the double speak standard so common in caliphate countries.
The first presidential candidate that has the guts to speak the truth to the American people, challenge to 'no-drill' crowd, and really explain how we can get out of the Middle East will garner my vote. WE are so bound up in bed with our enemies that we are totally vulnerable to their whims. Reading stuff like this makes me hate driving my car, buying anything made of plastic, and the thought of how much crude we need to maintain our lifestyle...a lifestyle that has imprisoned us and hands us over to our enemies.
Will, can the American people grasp the threat of Islamic Imperialism? It will take us years to get out of the ME and yet it is too late to see it fully collapse; by the withdrawal of our trade dollars in oil.
And yet the oil is not, is not, the reason. The oil is but the deadly tool of the caliphate. The oil is the tool of Islamic oppression. The liberals and socialist see it as a way of gaining power, but their power will be short-lived.
After around 40 minutes press officials cut off the feed, which had been accidentally broadcast to the press room.
And I reassert, you can "accidentally" leave a feed open for a short duration before you realize it...but 40 minutes, that doesn't seem "accidental."
Nobody likes a loser that's why there is an accelerating stampede to hard assets and foreign exchange.
It will be over when you see long rates explode to the upside.
Like compared to Iran and Venezuela? Sounds like they are pitching for a complete Putin/Russia oil cartel.
It is our own government’s policies that is bringing down the dollar. Those policies are:
1. Running huge government budget deficits.
2. Running huge trade deficits.
3. Allowing the Federal Reserve to increase the money supply at double digit rate for years.
And it’s further bad that we have such an inept party that it cannot get the message out to the people complaining about gas prices while returning those same Libs to office.
Usman then went on to explain how his father had passed away and that he had millions hidden in secret bank accounts. And for a percentage he'd tell everyone where the money was.
“America is being targeted by economic terrorism by many nations.”
As well as currency speculators such as George Soros, who has made millions betting against the dollar. He is determined to bring the USA down, and that’s why he supports liberal Democrats.
“The Saudis are not our friends.”
Au contrere mon frere..GW is grinding the dollar down so that the AMERO will be easier to swallow. When drowning you will grab any rope, and he will stand at the podium and tell us it is for our own good.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
