In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings 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 the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
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.
http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.htmlThis is big!
In other news, the price of gold hits a record high today: $1,036.40 and rising...
The webbots and time wave zero both call for something big to happen around October 26th. If the above story is legit, this has gotta be the seed for what the soothsayers are seeing later this month.
