dollar

Blood For Oil Gone Awry

sn't this the sorriest of outcomes with the loss of American blood and treasure in Iraq—to be scooped by the yen-manipulating Chinese and the increasingly belligerent Islamic Turks? Can someone tell us how much oil are we now getting from Iraq? Word is China has also bought into the Alberta Oil Sands, a major supply to the US, while the libs scream for a boycott of Canadian "dirty" oil.. Fred Kagan writes in No Blood For Oil: One would have thought that leading Democratic senators who claim to be interested in finding other sources of funding to replace American dollars...

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Big Oil's Long Goodbye To The Dollar

In an article by Robert Fisk published in THE INDEPENDENT, the crisis of the American dollar in oil dealings is explained a little deeper than was known the last time we visited this topic. More former allies have agreed to leave the dollar, thus hastening its demise. N THE MOST PROFOUND financial shift in recent Middle East history, Gulf Arabs are planning—along with China, Russia, Japan and France—to end all dollar purchases for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in...


Making Every Nickel Count

HE ECONOMIC CRISIS HAS STAGGERED Wall Street and here is a man who says that the worst is still to come. He's been right too many times to dismiss. Try 2012 on for size. He also says President-elect Barack Obama doesn't have a prayer in fixing this mess. Gerald Celente of the Trends Research Institute is a highly respected prognosticator. Here's another Celente forecast from the December 2007 newsletter called Top Trends 2008: America’s going broke and the whole world knows it. Betting that its economy will spiral down and that the dollar will fall with it, foreign creditors are...


Is It Time Again For National Rationing?

ell, I was not yet born, but I know my American history better than a good portion of those living in the nation today. And history speaks of the time when one just could not stroll into the market to buy certain items whenever one wished. There was a "no excuses" policy called food and gasoline rationing in place. Pearl Harbor changed the pace and purpose of every American. Almost overnight the economy shifted to war production. Consumer goods now took a back seat to military production as nationwide rationing began almost immediately. The word on the street was, "There's...