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Re: Trinityz1 post# 5544

Wednesday, 04/06/2011 11:08:08 AM

Wednesday, April 06, 2011 11:08:08 AM

Post# of 5731
Is ARAB REGIME CHANGE ONE CURRENCY PLOT?

The domino-like set of protest against governments across the Middle East and North Africa may be part of a larger cleansing of the region before a unified currency takes hold in the oil-producing states.

Talk of a single currency among the Gulf States modeled after the Euro has been bandied about for more than a decade. In Decemeber 2001, members of the Cooperation Council of Arab States of the Gulf (GCC) decided at a summit conference in Muscat to introduce a monetary union as of January 1, 2010, reports Credit Suisse. In 2008, Qatar’s Central Bank Governor, Shaikh Abdullah bin Saud al Thani, confirmed the plan was still on track with a due date for 2010.

“The US dollar has failed. We need to delink,” Nahed Taher, chief executive of Bahrain’s Gulf One Investment Bank, told The UK Telegraph in December 2009.
Because the tentatively-named “gulfo” would usurp the American dollar’s status as the reserve currency for oil transactions, concerns that some countries using the new monetary system who are inhospitable to Western interests in the region, or whose aging dictators might give way to a regime that would, put the plans on hold until a solution could be offered that would placate those worries.

For the rest of the article:
http://www.therightperspective.org/2011/04/05/is-arab-regime-change-one-currency-plot/

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