Sat Jan 28, 2012 11:47 am
The Great Levelization Continues
Powerdown the west while powering up the east...
two step anyone?
http://www.reuters.com/article/2012/01/ ... NI20120123
and more on the demise of the petrodollar here:
http://seekingalpha.com/article/321557- ... a-timeline
two step anyone?
Saudi: no cash from emerging economies until given more clout
Big emerging economies such as China, India and Saudi Arabia will not aid the West in its financial crisis unless they are given more influence in running the global economy, a senior figure from Saudi Arabia's ruling establishment said on Monday.
The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone's sovereign debt crisis.
"What we can be certain of is that large developing nations will not agree to provide additional funds without a greater say in the IMF, and this applies to all global economic governance organizations," Prince Turki said.
http://www.reuters.com/article/2012/01/ ... NI20120123
and more on the demise of the petrodollar here:
http://seekingalpha.com/article/321557- ... a-timeline
I said to my soul, be still, and wait without hope
For hope would be hope for the wrong thing; wait without love,
For love would be love of the wrong thing; there is yet faith
But the faith and the love and the hope are all in the waiting.
TS Eliot
For hope would be hope for the wrong thing; wait without love,
For love would be love of the wrong thing; there is yet faith
But the faith and the love and the hope are all in the waiting.
TS Eliot
