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Arab States launch secret move to stop using dollar for oil trading
Drudge ^

Posted on 10/05/2009 3:12:43 PM PDT by benjibrowder

ARAB STATES LAUNCH SECRET MOVES WITH CHINA, RUSSIA, FRANCE TO STOP USING DOLLAR FOR OIL TRADING... DEVELOPING...


TOPICS: Foreign Affairs; Government; News/Current Events; Russia
KEYWORDS: arabworld; bho44; china; currency; dollar; france; oil; russia
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To: TheRiverNile

That’s what I was telling someone yesterday. After WW2, there was a lot of private farms that could grow enough to feed the nation or their own families. Now with agribusiness, we are at their mercy. Especially with these sterile seeds they sell now.


41 posted on 10/05/2009 3:45:48 PM PDT by autumnraine (You can't fix stupid, but you can vote it out!)
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To: Pontiac

“...we are about to become a third world country.”

.
Wasn’t that the plan from the beginning? How else can one explain the reason for the huge immigration from 3rd world countries?


42 posted on 10/05/2009 3:46:08 PM PDT by 353FMG
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To: benjibrowder

This is just another step in the plan Obama is implementing to destroy America’s leadership and influence throughout the world.

It is the purpose for which he was groomed and trained and why he received overwhelming financial backing and media promotion to place him in the White House.

America is the bastion against the one-worlder movement toward globalism and socialism. We could not be defeated from outside so have been undergoing planned systematic erosion from inside. It is Obama’s job to deliver the coup de grâce to the Constitution and American hegemony.


43 posted on 10/05/2009 3:48:08 PM PDT by Iron Munro (I carry a gun because IÂ’m too young to die and too old to take a beating.)
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To: 353FMG
...we are about to become a third world country.”

Wasn’t that the plan from the beginning?

Somebody gets it!

And didn't miss the government dumping upwards of 40 million ignorant, uneducated illegal aliens on us.

44 posted on 10/05/2009 3:48:09 PM PDT by dragnet2
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To: benjibrowder

“...SECRET MOVES...”

So much for keeping a secret, big mouth. :-)


45 posted on 10/05/2009 3:53:43 PM PDT by verity (Obama Lies)
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To: benjibrowder

So this means the banks who actually own the federal reserve will dump the US money and move toward more control of the new benchmark-the euro.

There will be an absolute collapse of the US dollar which will result in super hyper inflation not unlike that of the Weimar Republic, or worse, and Obama will be able to pass his own enabling act like Hitler did and gain complete control over the nation.

Just read up on how the German national socialist workers party gained power and you will see exactly how things are about to happen here. Without a complete collapse of society-like money, he cannot continue on his path to absolute power.


46 posted on 10/05/2009 4:01:26 PM PDT by crz
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To: Parmenio

Good info, thanks.


47 posted on 10/05/2009 4:04:53 PM PDT by Shermy
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To: dragnet2

Is Saudia Arabia one of the arab states? If so, why do many FReepers here still believe it’s an ally?

Are you kidding?

Half the people here think Communist China is our ally.


That is the scary part...people actually think that Saudi Arabia and Communist China are actually “friends” of the US.

If the oil market no longer deals in dollars....the US is messed up......unless we start executing environmentalists for treason


48 posted on 10/05/2009 4:06:00 PM PDT by UCFRoadWarrior (The Return of America)
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To: TheRiverNile

“If you evaporate a large part of that demand, then a rapid devaluation ensues.”

Oil is not a large part of the demand for dollars.


49 posted on 10/05/2009 4:11:10 PM PDT by Sandreckoner
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To: UCFRoadWarrior

“unless we start executing environmentalists for treason”

I’ll second the motion!


50 posted on 10/05/2009 4:11:15 PM PDT by La.daddyrabbit (Born and bred in the briar patch. Liberalism is the sickness, the Democratic party is the asylum.)
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To: UCFRoadWarrior
Yeah, unfortunate, there is a mess of people right here that are all big on the "global economy" BS...As long as they were making a profit, nothing else mattered...

Like our lawless borders and those making a profit off low wage labor...

Profits, regardless of consequences.

51 posted on 10/05/2009 4:12:48 PM PDT by dragnet2
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To: UCFRoadWarrior
Fact is, in America, we're surrounded by traitors, that would dance with the devil for a few bucks profit...

Look at our lawless borders, all for low wage illegal labor while our hospitals, jails, schools, and social services were literally choked off...

Look at our trade deals that favored enemy countries, building their infrastructures while ours crumbled, all while a few wealthy elite here became super rich....

Look at our corrupt politicians that are more concerned with banging lobbyist call girls between meetings...

Look at our struggling private sector tax payers, on their knees while millions of government employees cling to their backs holding knifes to their throats, demands they hand over their incomes so government employees can continue to collect their lottery style benefits and retirement pensions....All this while the private sector has been beat like a drum...

52 posted on 10/05/2009 4:24:08 PM PDT by dragnet2
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To: Iron Munro
This started long before Obama was elected:

Rep Ron Paul (R - TX)

The End of Dollar Hegemony

53 posted on 10/05/2009 4:26:39 PM PDT by Palin Republic (Palin - Bachmann 2012 : Girl Power!)
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To: benjibrowder

Not a secret, they’ve been planning to do this for over 3 years.


54 posted on 10/05/2009 4:27:29 PM PDT by EBH (it is the Right of the People to alter or to abolish it, and to institute a new Government)
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To: benjibrowder

Full story now on UK Independent.

Can’t post from that that source, tho.

http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html


55 posted on 10/05/2009 4:29:38 PM PDT by Palin Republic (Palin - Bachmann 2012 : Girl Power!)
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To: Palin Republic
This started long before Obama was elected

Yep. He is just here to move things along.

56 posted on 10/05/2009 4:39:10 PM PDT by Iron Munro (I carry a gun because IÂ’m too young to die and too old to take a beating.)
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To: Sandreckoner
Oil is not a large part of the demand for dollars.

Now, now, don't bring logic and reason into this thread. There's fearmongering and hatred and irrationality to foment!

57 posted on 10/05/2009 4:45:42 PM PDT by PugetSoundSoldier (Indignation over the Sting of Truth is the Defense of the Indefensible)
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To: benjibrowder

Could OPEC drop dollar for euro?
Published Date: December 19, 2007
By Rania El Gamal, Staff Writer
http://www.kuwaittimes.net/read_news.php?newsid=OTkxNDk0NzEx

Iran to OPEC: Stop oil sales in dollars
Iranian President Urges OPEC to Form Joint Bank, Stop Pricing Oil Trades in US Dollars
Staff
AP News
Apr 06, 2008 14:34 EST
http://www.rawstory.com/news/mochila/Iran_to_OPEC_Stop_oil_sales_in_doll_04062008.html

Wednesday, 7 May 2008
Dollar And Oil: Stop This Game Right Now
Posted By:Bob Pisani
Topics:Investment Strategy | Stock Market
Record oil, nat. gas, and gasoline douse our modest three or four day rally, this happening despite a rise in the dollar—WAIT A MINUTE! The dollar is DECOUPLING FROM OIL? This little game has to stop RIGHT NOW.
http://www.cnbc.com/id/24507538/

The Oil Pricing Debate: Dollars or Euros? by: Toro November 19, 2007 | about: FXE / UDN
http://seekingalpha.com/article/54602-the-oil-pricing-debate-dollars-or-euros


58 posted on 10/05/2009 4:52:43 PM PDT by EBH (it is the Right of the People to alter or to abolish it, and to institute a new Government)
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To: La.daddyrabbit; UCFRoadWarrior

Motion Pasted....WooHoo :)


59 posted on 10/05/2009 4:59:13 PM PDT by twistedwrench
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To: benjibrowder

With the way -6nobama is NOT managing this country, who can blame them. This is a defensive gesture on their part. Understandable, but entirely avoidable. But not any more.


60 posted on 10/05/2009 5:41:03 PM PDT by upchuck (New sign on my pickup: Are you a "Hope and Change" regretter?)
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