OPEC's Move To De-Peg From The U.S. Dollar Was Not Just Conspiracy Theory

“The US dollar has failed. We need to delink,” said Nahed Taher, chief executive of Bahrain’s Gulf One Investment Bank.

Hat tip to Jesse of Jesse's Cafe Americain (linked below) for circulating this story.  Despite being smeared as "pure conspiracy theory," it appears that the news report from Britain's "The Independent" in October that Arab Gulf States were discussing a move to eventually end the use of U.S. dollars to price oil was quite accurate.  Here's a link to my post on this:  LINK

The Telegraph UK is reporting today that Arab Gulf States have agreed to launch a single currency which will be modelled on the Euro and would likely be pegged to a global currency basket and ultimately float as its own currency:  "Saudi Arabia, Kuwait, Bahrain, and Qatar are to launch the first phase next year, creating a Gulf Monetary Council that will evolve quickly into a full-fledged central bank." Here is the article link:  Oil For "GULFOs"

The writing is on the wall here for anyone who cares to pull their head out of the sands of denial and look at what's really going on in the world.  China, India, Russia, Viet Nam, and Gulf State central banks are hoovering up gold and silver and are taking steps to remove the U.S. dollar as the world's reserve currency.  At the same time, our Government and Federal Reserve are implementing policies which are accelerating the increase in Government debt and which transfer massive amounts wealth from the middle class to big Wall Street banks and to the defense, oil and pharmaceutical companies.

I wonder if anyone who voted for Obama realized that the "Change" they were voting for was the "Change" in status of the United States into nothing more than a third world banana republic...