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ARAB STATES LAUNCH SECRET MOVES WITH CHINA, RUSSIA, FRANCE TO STOP USING DOLLAR FOR OIL TRADING
Drudge Report ^ | 5 October 2009 | Drudge

Posted on 10/05/2009 3:31:11 PM PDT by edpc

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

(Excerpt) Read more at drudgereport.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: business; currency; dollary; economy; energy; globaleconomy; moneylist; oil; third100days; tm
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Not so secret moves, anymore.

Just a headline for now....

1 posted on 10/05/2009 3:31:13 PM PDT by edpc
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To: edpc

Yep.....and these are our trusted friends. Ain’t this fun?


2 posted on 10/05/2009 3:33:03 PM PDT by RC2
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To: edpc

Then by all means, lets become an oil exporting nation. Between technology for drilling, bio fuels, and coal to liquids, we can produce far more fossil fuel that we currently consume.

Get rid of some of the anti-diesel anti-coal rules. Then we start taxing the export of fuels to pay down the debt.


3 posted on 10/05/2009 3:34:13 PM PDT by taxcontrol
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To: edpc

When your President tells the world you nothing special, why would anyone invest in you.


4 posted on 10/05/2009 3:35:42 PM PDT by edcoil (If I had 1 cent for every dollar the government saved, Bill Gates and I would be friends.)
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To: edpc

Meanwhile, we’re fighting a war against these people in Afghanistan even though the ones who started the war are from the ARAB STATES. BO should be all for this secret move. And so should the Clintons and their lackeys. They didn’t want us to be a Super Power.


5 posted on 10/05/2009 3:36:33 PM PDT by petitfour (Are you a Dead Fish American?)
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To: RC2

the writing is on the wall for the dollar. You can bet every country that does substantial trade in dollars has been looking at alternatives, since FedGov is monetizing debt and printing tbills like there is no tomorrow.


6 posted on 10/05/2009 3:36:41 PM PDT by WoofDog123
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To: taxcontrol

That would require an administration who wanted this country to succeed.


7 posted on 10/05/2009 3:36:55 PM PDT by RS_Rider (I hate Illinois Nazis)
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To: taxcontrol
"... we can produce far more fossil fuel that we currently consume.

Get rid of some of the anti-diesel anti-coal rules. Then we start taxing the export of fuels to pay down the debt."

Oh, yeah -- that's gonna happen...

Have you looked at the composition of our Federal Gov't lately?

8 posted on 10/05/2009 3:37:50 PM PDT by DJ Frisat (How's that change workin' out for ya, Obama voters?)
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To: RC2
I know that many on Mid East are fuming at Zero's focus on getting Israeli concessions to never-ending "Palestinian" demands rather than on Iran's nukes.
I predict 2 or even 3 outcomes. PLO will launch another so-called intifada (instigated by Iran), Arabs (and possibly Israel) will try to diversify allies and the military conflict w/Iran will ensue.
Not so zero results after all...
9 posted on 10/05/2009 3:38:10 PM PDT by alecqss
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To: edpc

bookmark


10 posted on 10/05/2009 3:39:34 PM PDT by GiovannaNicoletta
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To: edpc

Why should the US dollar be any more exceptional than any other currency? BO has spent the past 2 years telling the world what miserable losers we are and how we are not going to presume to lead anymore.

With the world needing fewer dollars, I guess the presses will be rolling overtime to prin our own money to buy our own debt.... armageddon?


11 posted on 10/05/2009 3:40:09 PM PDT by silverleaf (If we are astroturf, why are the democrats trying to mow us?)
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To: taxcontrol
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAA (that was my alarm clock sound)

You had a really strange dream, dude.......

"Then by all means, lets become an oil exporting nation.

:)

12 posted on 10/05/2009 3:42:27 PM PDT by LasVegasMac (Islam: Bringing the world death and destruction for 1400 years!)
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To: edpc
They perceive the US as weak both financially and politically and think they could do this without fear of retribution by our impotent president.
13 posted on 10/05/2009 3:42:46 PM PDT by The Great RJ ("The problem with socialism is that you eventually run out of other people's money." M. Thatcher)
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To: All

Cut all foreign aid, withdraw from the United Nations and withhold all financial support, close our borders, deport ALL illegals immediately..

That’s a good start..

Then, tell the Chinese to use those securities they own as toilet paper. It’ll be worthless anyway!

I have had it with all the P-C crap in dealing with these fools. No one overseas gives a damn about the USA.

Change the composition of Congress, get a new Administration in and start over. If it goes this far, what do we have to lose!


14 posted on 10/05/2009 3:43:20 PM PDT by Spottys Spurs (Proudly served with the 1st H.B. 369th...)
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To: The Great RJ

And they are right.


15 posted on 10/05/2009 3:43:20 PM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: LasVegasMac

Maybe a wakeup call for the voter???
Maybe a 2010 turn around in the House and a couple of Senate seats?
Maybe Palin in 2012 with a solid majority in the Senate and House and a return to CONSERVATISM?

One can dream can’t they?


16 posted on 10/05/2009 3:45:05 PM PDT by taxcontrol
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To: All

And, begin every serious effort to use our own energy resources. Screw the Arabs! Let them eat their oil.

No food exports! Period!!


17 posted on 10/05/2009 3:45:22 PM PDT by Spottys Spurs (Proudly served with the 1st H.B. 369th...)
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To: silverleaf

All this makes you wonder how much longer we can go on without a major market crash.


18 posted on 10/05/2009 3:45:41 PM PDT by Starboard
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To: edpc; FARS

FARS told everyone this was coming 2 years ago...


19 posted on 10/05/2009 3:46:38 PM PDT by RaceBannon (OBAMA'S HEALTH CARE IS SHOVEL READY...FOR SENIORS!!:: NObama. Not my president.)
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To: The Great RJ
our impotent president.

IMPOTUS.

20 posted on 10/05/2009 3:47:09 PM PDT by Starboard
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