Sat 2009-10-10 14:19 EDT
The plan to de-dollarise the oil market, discussed both in public and in secret for at least two years and widely denied yesterday by the usual suspects -- Saudi Arabia being, as expected, the first among them -- reflects a growing resentment in the Middle East, Europe and in China at America's decades-long political as well as economic world dominance. [dollar losing reserve status]
Jesse's Café Américain Sat 2009-10-10 11:50 EDT
The breakdown of US dollar reserves being held overseas in the attached article of news is interesting, even though estimated. I am curious to see when Kevin Phillips and Chalmers Johnson start speaking to this as this sort of historic change is in their respective ballparks. Of course, there is always the option to listen to those in the American financial media who dismiss the internationally respected and well-connected Robert Fisk as a commie crank, a liberal web spinner, and a tinfoil conspiracty theorist.
De-dollarise; implications; Jesse's Café Américain; oil markets; plans; rooted.
