The demise of the dollar
Very interesting ...
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.
The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.
Nine years seems a long time .......................
Full article : http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar...
So will our salaries go up ?
Long Live The Euro!
Turn Your $5 to $6193 in 8 Weeks..Surely!!!!
http://www.pure2x2.com/index.php?rid=kingmalik
That will be the end of PetroDollar!!!!
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- Listen to Many...Speak to a Few -
No currency is stable unless a unified world currency comes into picture
as US & Scotland have flat-monetary system, this step will kill the US dollar.
~noms~
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"Before God we are all equally wise ' and equally foolish" - Albert Einstein
....so its time to say....
"Inn'a Lillah e Wa Inn'a Elayh e Ra'je'ooN"
now Yallahhhh
---------------------------------------------------------Whenever I find the KEY to SUCCESS...Someone STEALS it.
Ka Pukhtoon ye no dalta daNgg warka: http://www.qatarliving.com/group/pukhtoon-in-qatar
The markets are already reacting to this news.
You are right - nine years is a long time and a lot can happen in that time.
Is there any stable currencies left??
China has been pushing for the unified currency for quite some time now ... heard some murmur on this about a year back on Bloomberg... how US will fight back will be interesting though...
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