Robert Fisk gives a very credible interview regarding the background leading up to his story about the Arabs, Russians, and Chinese decision to reprice crude oil in a basket of currencies other than the USDollar. He also mentions Germany as being one of the participants. The Germans are the important transition design brain trust in the backgroud, like with their counsel for Dubai to demand gold bullion from corrupt London custodians, after Germany did the same to corrupt New York custodians.
1 comment:
Thank god for the dollar longs that fundamentals and market movements only correlate on multi-year time frames.
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