The headline at Marketwatch is “Dollars Revival Heats Up” ,, what buffoons ,, Greece is imploding and European money is coming back here temporarily but the USD is definately not reviving.
“Ah yes, everything is proceding as planned.” Chuckles the evil genius Barak Obama as he rubs his hands with glee!
It may be possible but I find it hard to believe that these so called states that are in reality merely rival tribes that have grown to the point of being ungovernable could ever put aside their ancient feuds long enough to put together a common system of exchange.
The levels of suspicions that exist between them has thwarted every attempt they have ever made to achieve a common goal.
The Euro is falling to pieces. Why would an oil currency fare any better?
Yet, gold is falling in value on the news right now.
A lot of hot air. Look at the recent problems with Dubai. Also, the Koran does not permit them to charge interest; a major problem. The reason Jews historically became bankers is that it was beneath the moslems to be “money changers”. Same reason there are so many Jews that own their own businesses....anti-semites wouldn’t hire them.
Nothing could be finer than a single All-Arab dinar . . . .
Im not sure this plays out in such dire fashion.Blocs of countries that choose the options of birthing new currencies also dilute the pool of perspective reserves.Something like this also depresses every other currency that is the supposed successor to the USD.
More hype.