In a controversial article published in my newspaper of choice, UK’s The Independent, Robert Fisk reveals that talks between the Gulf states, Russia, China, Japan and France are being held in secret to secure a way for these powerful nations to dump the almighty US dollar.
It is their intention to replace the US dollar with a basket of currencies in the trade of oil. The report suggested that within nine-years the world will see oil traded in the Japanese yen, Chinese yuan, the euro, gold and a new unified currency instead of the dollar as it is now. The Gulf Co-operation Council that includes Saudi Arabia, Abu Dhabi, Kuwait and Qatar are the states planning a new unified currency that will also replace the dollar on International markets.
“These plans will change the face of international financial transactions,” one Chinese banker told Fisk. “America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate.”
Robert Fisk The Independent’s Middle East correspondent cited sources in Gulf Arab states and Chinese banking sources in Hong Kong. They, of course, remain anonymous.
The demise of the dollar by Robert Fisk
Robert Fisk: A financial revolution with profound political implications
Robert Fisk, pictured above, is an author, journalist, historian and an expert on Middle East affairs. He is The Independent’s award-winning Middle East correspondent and has reported from war zones for decades. Outspoken and courageous he is often out of step with the mainstream media.
Al Jazeera has this exclusive interview with Robert Fisk and Steven King, chief economist from the HSBC Group.
Related posts:
- War On Terror: America This Why The Muslim Nations Hate You The use of drones and resultant mass deaths of civilians...
- Death Penalty: China Continues To Execute Individuals Convicted By Unfair Trials China continues to execute individuals convicted by unfair trials despite...
- United Kingdom Capitalists Try To Dump Toxic Waste In Brazil Sixty-Four Containers with 1,400 tonnes of toxic waste are languishing...
- Death Penalty: China Executes Sick Brit I awake this morning to read of the untimely death...
- Human Rights: Exactly What Is Torture? Ask the question “exactly what is torture?” and most people...
Related posts brought to you by Yet Another Related Posts Plugin.
Recent Comments