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October 6, 2009

Another Embarassment For Obama Administration?

Topics: Political News and commentaries

Just having gone through an Olympic size slap down by the IOC, we have this Robert Fisk story on Arab states plotting against the dollar.

Meanwhile, there's a Reuters report today that says the big oil producing nations have denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in trading oil.

In reading both articles, there's simply too many details being reported and rumored for some of it not be true. It seems that the international community sees the train wreck ahead resulting from Obama's economic policies and spending, and although he's been able to fool much of the American public into believing that the economy is getting better and his Marxist/Keynesian economic policies are working, our allies and enemies alike aren't being fooled in the least.

Related: Dollar Basket Case

Posted by Abdul at October 6, 2009 9:32 AM

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