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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

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To: WoofDog123
,I>...since FedGov is monetizing debt and printing tbills like there is no tomorrow.

What a mess...

61 posted on 10/05/2009 7:59:33 PM PDT by GOPJ (MSM BIAS: the most grossly obvious facts can be ignored when they are unwelcome. George Orwell)
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To: FARS

America’s Khomeini! Bingo!

We went from 9/11 to a takeover in 7 years.

Are you listening “marine” Judge Carter?


62 posted on 10/05/2009 8:07:18 PM PDT by Frantzie (Do we want ACORN running America's health care?)
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To: NeoCaveman
You want to wake up to 10 a gallon gasoline?

That makes no sense. The value of a gallon of gas wouldn't change. To the extent it does, it could only mean that we've undermined our own currency. If that's the case, then we'd have to remedy the matter by becoming fiscally responsible.

By the way, these nations are bluffing. They will continue to push the bluff as hard as they can. They are even less fiscally responsible than us. If not, then trade your dollars in for their currency.

63 posted on 10/05/2009 8:10:18 PM PDT by Perchant
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To: All

We wouldn’t need a drop of oil from these Arab scumbags if we drilled drilled drilled..Somple soluion. But %99 of the country is held down but the %1 environmental wackos.F those Arab scum .


64 posted on 10/05/2009 8:12:54 PM PDT by sonic109
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To: edpc
Hint, hint Drudge...


65 posted on 10/05/2009 8:26:35 PM PDT by WhistlingPastTheGraveyard (Some men just want to watch the world burn.)
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To: Navy Patriot
They're ahead of you, they already own lots of farmland

Ah it's one thing to "own" it but it's another to possess it.

66 posted on 10/05/2009 8:32:17 PM PDT by Theophilus (Shall the throne of iniquity have fellowship with thee, which frameth mischief by a law?)
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To: FARS

Thanks for the ping!


67 posted on 10/05/2009 9:19:20 PM PDT by Alamo-Girl
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To: Theophilus

“Ah it’s one thing to “own” it but it’s another to possess it.”

And THAT’S the TRUTH!!!
I be yellin’ WOLVERINES in my sleep, mon.


68 posted on 10/05/2009 9:38:55 PM PDT by MestaMachine (One if by land, 2 if by sea, 3 if by Air Force 1.)
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To: FARS
ARAB STATES LAUNCH SECRET MOVES WITH CHINA, RUSSIA, FRANCE TO STOP USING DOLLAR FOR OIL TRADING,>>>>>>>>>>>>>>>>

Well Duh?

Who do you thing started the 500 billion plus electronic bank run on the Fed, last 17th Semptember ( 2008)?

If there is ever a full audit on that from the Fed, we will have the names we should have had LONG AGO!!!

69 posted on 10/05/2009 10:11:27 PM PDT by Candor7 (The effective weapons against Fascism are ridicule, derision, and truth (Member NRA)
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To: edpc

Once the dollar is decoupled from oil, the value of the dollar will collapse. Who wants a currency from a bankrupt nation when it can’t be exchanged for gold or oil? It becomes toilette paper!


70 posted on 10/05/2009 10:18:36 PM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: NeoCaveman
You want to wake up to 10 a gallon gasoline?

Ten what? Ounces of gold? The dollar will become worthless if it decoupled from oil. Oil is the new gold base. If we don't peg to oil, the dollar drops to the status of toilette paper...

We're broke folks, Enjoy those nice roads and bridges as you trudge from house to house begging for food...

71 posted on 10/05/2009 10:21:15 PM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: taxcontrol
FDR was elected 4 friggin times during the depression. people believed his socialist bullsh*t. I don't see how America will turn Right because the GOP is a bunch of brain dead fools with no plan, no platform, no ideas as to how to turn the economy around. If we don't create a new conservative party fast, all is lost...
72 posted on 10/05/2009 10:23:36 PM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: edpc

So much for sucking up to our “friends”

Maybe Obama can go over and give an olympic speech...oh well maybe he wants oil not to be traded in dollars and to bring in the world currency :(


73 posted on 10/05/2009 10:24:57 PM PDT by Freedom56v2 ("If you think healthcare is expensive now, just wait till it is free! "~ PJ O'Rourke)
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To: Spottys Spurs
And, begin every serious effort to use our own energy resources. Screw the Arabs! Let them eat their oil.

Price food exports in terms of barrels of oil. Don't give away the very precious resource that we produce with such skill. Make it very expensive for them to eat.

74 posted on 10/05/2009 11:07:18 PM PDT by Myrddin
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To: Navy Patriot
The final step is the Federal default on Treasury bonds.

FDIC reported NEGATIVE reserves to back deposits in banks as of September 30. Can a default on Treasury bonds be far behind? The jackass politicians are running up the credit card with no hope of ever repaying the debt.

75 posted on 10/05/2009 11:11:30 PM PDT by Myrddin
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To: Starboard
The market is levitating.

Is the value of the market really going up, or is the number of dollars required to buy that value going up? I think it is the latter. Our currency is falling in value. The value of the stock isn't rising, we just have to pay more for it. Adjust the value of the market in 1972 dollars....roughly divide by 10. Before I graduated from college, the Dow always traded under 1000.

76 posted on 10/05/2009 11:19:32 PM PDT by Myrddin
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To: FARS
Chinese financial sources believe President Barack Obama is too busy fixing the US economy to concentrate on the extraordinary implications of the transition from the dollar in nine years' time. The current deadline for the currency transition is 2018.

Huh? Let me fix that:

Chinese financial sources believe President Barack Obama is too busy fixing destroying the US economy to concentrate on the extraordinary implications of the transition from the dollar in nine years' time. The current deadline for the currency transition is 2018.

There, fixed it.

77 posted on 10/06/2009 6:01:43 AM PDT by b4its2late (Ignorance allows liberalism to prosper.)
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To: Candor7

I can guess one name..... and it begins with S and ends with s.


78 posted on 10/06/2009 6:03:42 AM PDT by b4its2late (Ignorance allows liberalism to prosper.)
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To: FARS

What does this do, if anything, to all the companies that used to have a manufacturing presence stateside who now operate plants primarily in China or Mexico or wherever?


79 posted on 10/06/2009 6:07:42 AM PDT by b4its2late (Ignorance allows liberalism to prosper.)
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To: silverleaf

They can come and try to take it!


80 posted on 10/06/2009 6:18:46 AM PDT by mdmathis6
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