Thursday, October 22, 2009

Eliminate Dollar Secret Meeting

The Independent, the British daily newspaper, lowering the news Tuesday (6 / 10) that the Arab countries involved in secret talks with Russia, China, Japan and France to replace the U.S. dollar, the world oil trade.

U.S. dollar is getting dimmer now, written by Middle East correspondent Robert Fisk. The plan, the dollar will soon be replaced by some other currencies the yen and Chinese yuan, euros, gold and currency countries in the Gulf, including Saudi Arabia, United Arab Emirates, Kuwait and Qatar.

Secret meetings


"Secret meetings have been conducted by the finance ministers and central bank governors in Russia, China, Japan and Brazil, which means that oil will no longer valued by dollars," the report said, adding that France was also involved in the meetings.

The Independent said the U.S. was aware that the meeting occurred but have not found the details and "they believe will be able to combat this international cabal." If this news is true, then this is the worse news for the U.S. dollar is already sick. "This shows that the central bank, not only in Asia, has been looking for ways to move away from the dollar." He said.
  Indeed, a few years ago, Iran began to settle most of the exports of crude oil in currencies of non-dollar, primarily the euro. But the real price for oil is set in dollars

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