The demise of the dollar
Independant / Robert Fisk
06-Oct-2009 (4 comments)

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

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Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars. Bankers remember, of course, what happened to the last Middle East oil producer to sell its oil in euros rather than dollars. A few months after Saddam Hussein trumpeted his decision, the Americans and British invaded Iraq.

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Reza Hiwa

Empire is falling

by Reza Hiwa on Tue Oct 06, 2009 07:50 AM PDT

This time Robert Fisk comes with more than comment, an extra-ordinary important piece of news. If Dollar goes down, which is the matter of time, the already started fall of the empire will accelerate sharply. The news was in the coming for long time and is not a surprise to those who were following.

This is a HUGE and UNSTOPPABLE change with such wide consequences. Read Emmanual Todd's "After the Empire".



Balatarin
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Shah Ghollam

It is all

by Shah Ghollam on Tue Oct 06, 2009 10:25 PM PDT

for the good. Weakening US can only mean more peace for the world.

The writing has been on the wall for quite sometime. Us has been lagging behind so many life aspects be it, innovation, idustries, quality of life, healthcare for its citizens, reseach, nutrision, education in all levels and so on. All of that because of "greed".

Personally, I think most people in the US will be much happier once they truely understand that power does not equal prosperity or even happiness. I bet Americans would be far happier to have a country like Canada, New zealand or even Autralia. After all, what exactly are average people looking for.......quality of life for themselves and their families not a big military force or foreign land military adventures if that means they loose their simple rights that are marketed as privilage in this country namely healthcare, education and so on.

 

 


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Reza Hiwa

More articles ...

by Reza Hiwa on Tue Oct 06, 2009 08:44 AM PDT


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Bavafa

What goes up, must & will come down

by Bavafa on Tue Oct 06, 2009 08:37 AM PDT

Empires have never been an excpetion to this fact.

Mehrdad


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