| Crisis towers over the dollar |
|
 tokyo_to_motueka writes: (W Joseph Stroupe is editor in chief of Global Events Magazine, an online geopolitical magazine specializing in strategic analysis and forecasting.)
...a number of oil-exporting countries have already gone on public record as to their preference to make an exit from petro-dollars in favor of petro-euros. They have indicated that if Russia begins such a move to petro-euros, they will rapidly follow Russia's lead. The net effect would be a rapid international abandonment of the dollar as the international currency, which would in turn "bring down the towers" of the heavily debt-ridden US economy.
Asia Times
|
|
Posted on Monday, November 29 @ 03:00:46 PST by aaron |
|
|
|
|
| |
|
Average Score: 2.5
Votes: 2
|
|
| |
|
|
|
|
News
Discussions
Resources
Members
