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Mideast Banks Revolt Against US Dollar
Middle East Times ^
| 3/14/2006
| Staff Writers
Posted on 03/15/2006 8:58:19 AM PST by ex-Texan
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The most detailed and comprehensive report was published by a U.K. news organization which objects to FR. You may read that report
Here if you so desire. Iran and Syria are declaring economic war against the U.S. dollar. But other Arab nations are joining this revolt, too. Iran will open its oil bourse later this month. These events were based on careful strategic planning; they are not a simple reaction gut reaction to the Dubai ports decision.
[Learn about Iran's oil bourse?] Already, the Internet is buzzing about Arab nations
"dumping worthless dollars." That report was picked up by news media in
Mexico, and other countries in Central and South America.
This all comes down to Petro Euros vs. Petro Dollars. Arab politics is hard to gauge. But my personal opinion is that these events may prove negative for Americans struggling with monthly bills.
1
posted on
03/15/2006 8:58:23 AM PST
by
ex-Texan
To: ex-Texan
"Oh the Dubai Port Deal will have NO effect on our economy. Oh no, none. Dubabi will just grin and thank us for peeing on them"
2
posted on
03/15/2006 8:59:52 AM PST
by
MNJohnnie
(Are you not entertained? Are you NOT entertained? Is this not what you came here for?)
To: ex-Texan
3
posted on
03/15/2006 8:59:59 AM PST
by
Lejes Rimul
(I was right about Iraq all along. Told you so.)
To: ex-Texan
Good. They can earn their terror supporting dollars elswhere.
4
posted on
03/15/2006 9:01:18 AM PST
by
cripplecreek
(Never a minigun handy when you need one.)
To: ex-Texan
Anyone putting their money in Euros is committing financial suicide... take a look at the short yet stormy history of the Euro and the stability of the political basis for that currency. I'll be amazed if it's still in use in 10 years from now.
5
posted on
03/15/2006 9:03:01 AM PST
by
thoughtomator
(Nobody would have cared if the UAE wanted to buy Macy's...)
To: ex-Texan
This is what happens when you follow economic advice from Chuck Schumer and Hillary! Clinton.
6
posted on
03/15/2006 9:05:03 AM PST
by
Doohickey
(If you choose not to decide, you still have made a choice...I will choose freewill.)
To: cripplecreek
You don't have a clue about economics do you? too many Freepers are substituting emotion for common sense. Believe it or not we do need friends in the International community..unless you don't care about our standard of living.
PresidentFelon
7
posted on
03/15/2006 9:05:51 AM PST
by
PresidentFelon
(Reuters Reporter Adam Entous beats his mother)
To: ex-Texan
This trend will continue... because the US is using the dollar domiance to police the entire world moneyflow,
what to catch a few money-laundering criminals and terrorists?
Welcome to world police state!
8
posted on
03/15/2006 9:05:53 AM PST
by
observer5
("Better violate the rights of a few, than of all!)
To: MNJohnnie
9
posted on
03/15/2006 9:05:58 AM PST
by
mr_hammer
(They have eyes, but do not see . . .)
To: MNJohnnie
I'm suggesting that Iran is a bit more devious and far more clever than that. They also love to strut and posture. Recall their open bragging about how they fooled UN atomic energy inspectors? Echoes of Saddam? Arabs enjoy playing games, cheating openly, and love victory by duplicity.
10
posted on
03/15/2006 9:07:11 AM PST
by
ex-Texan
(Matthew 7:1 through 6)
To: PresidentFelon
I care about national integrity and putting it before greed.
11
posted on
03/15/2006 9:07:36 AM PST
by
cripplecreek
(Never a minigun handy when you need one.)
To: Doohickey
I'm not taking any advice from Hill and Chuck! Or was your use of the "you" simply rhetorical?
12
posted on
03/15/2006 9:09:38 AM PST
by
ex-Texan
(Matthew 7:1 through 6)
To: cripplecreek
If we take the path pushed by the isolationist Paleo-cons we will all feel good about our "national integrity" while standing in soup lines. It is economic insanity.
PF
13
posted on
03/15/2006 9:09:49 AM PST
by
PresidentFelon
(Reuters Reporter Adam Entous beats his mother)
To: MNJohnnie
"Oh the Dubai Port Deal will have NO effect on our economy. Oh no, none. Dubabi will just grin and thank us for peeing on them"I once had some political muscle interfere with an investment I was participating in.
I didn't get mad. I got even.
14
posted on
03/15/2006 9:12:15 AM PST
by
BeHoldAPaleHorse
(Tagline deleted at request of moderator.)
To: thoughtomator
exactly.
I hope they do invest it in the crappy Euro. Less money to fund the maddrass hate factories and fund terrorist organizations.
15
posted on
03/15/2006 9:12:35 AM PST
by
Proud_USA_Republican
(We're going to take things away from you on behalf of the common good. - Hillary Clinton)
To: MNJohnnie
This is just the start of retaliation. It is amazing how many geniuses we have around here!!!
LLS
16
posted on
03/15/2006 9:12:35 AM PST
by
LibLieSlayer
(Preserve America... kill terrorists... destroy dims!)
To: MNJohnnie
IMO, They have every right to be angry. I would be.
17
posted on
03/15/2006 9:12:44 AM PST
by
rlmorel
("Innocence seldom utters outraged shrieks. Guilt does." Whittaker Chambers)
To: cripplecreek
If you cared about integrity you'd never compare the UAE to terrorists thugs like Osama.
Far as I'm concerned, they have every right to put their money in Euros given the Disgraceful conduct of our politicians and people such as yourself. We wouldn't stomach France & Germany's cracks in 2002, which didn't go to these extremes, and the UAE and middle eastern nations shouldn't condone this.
18
posted on
03/15/2006 9:14:56 AM PST
by
Soul Seeker
(House Republicans Send a message: All Arabs are Genetically pre-disposed to terrorism)
To: Lejes Rimul
Uh, I am not a big fan of Hillary but you can't blame this on her.
To: Soul Seeker
Just wondering if I need to photoshop a crying baby emblem for the republican obedient?
20
posted on
03/15/2006 9:16:18 AM PST
by
cripplecreek
(Never a minigun handy when you need one.)
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