Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

What are the implications for our economy,our debt,the balance of power in the world?

I just do not know how much more great news (sarcasm) I can handle..and we have an inexperianced president at the helm..

Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil...

...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 Americans, who are aware the meetings have taken place – although they have not discovered the details – are sure to fight this international cabal which will include hitherto loyal allies Japan and the Gulf Arabs...

..."These plans will change the face of international financial transactions," one Chinese banker said. "America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate."

Answer Question
 
tnmomofive

Asked by tnmomofive at 9:11 PM on Oct. 5, 2009 in Politics & Current Events

Level 32 (56,190 Credits)
Answers (9)
  • Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars. Bankers remember, of course, what happened to the last Middle East oil producer to sell its oil in euros rather than dollars. A few months after Saddam Hussein trumpeted his decision, the Americans and British invaded Iraq.


     


    http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175...


     

    tnmomofive

    Answer by tnmomofive at 9:12 PM on Oct. 5, 2009

  • Great post TN - where have you been? haven't seen you lately. nothings changed tho, our government is still pissing our lives away.
    Anonymous

    Answer by Anonymous at 9:14 PM on Oct. 5, 2009

  • Dick Morris just said on Hannity that BO gave away our financial sovereignty by signing the agreement at the G20 conference. He discussed that this is the initiation of the repeal of the Declaration of Independence. We now have to give the nations who are these 20 members reports every 3 months as to our financial situation. He gave away our financial sovereignty. Yeah.

    jesse123456

    Answer by jesse123456 at 9:27 PM on Oct. 5, 2009

  • Link won't work for me
    lovinangels

    Answer by lovinangels at 9:30 PM on Oct. 5, 2009

  • Then Google it! damn
    Anonymous

    Answer by Anonymous at 9:37 PM on Oct. 5, 2009

  • http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html

    Ok this'll work for mobile and to answer your q I can't wrap my brain around it. It's big and scary to be sure.
    lovinangels

    Answer by lovinangels at 9:52 PM on Oct. 5, 2009

  • Geez anon!
    lovinangels

    Answer by lovinangels at 9:54 PM on Oct. 5, 2009

  • Obama should be thrown out of office for selling out America. You people who voted for this jerk need to go with him.
    Anonymous

    Answer by Anonymous at 12:07 AM on Oct. 6, 2009

  • I agree anon some of us knew hed sell us out..
    tnmomofive

    Answer by tnmomofive at 7:02 AM on Oct. 6, 2009

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN