While no text of the agreement was published, the news apparently represents a major potential realignment of the Middle East’s geopolitical realities, made all the more extraordinary by the fact that, beginning 29 years ago and continuing through the entire Soviet occupation of Afghanistan, Saudi Arabia matched, dollar for dollar, the United States’ covert assistance [...]

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Oil prices are soaring for three key reasons: the decline in the dollar, increase in demand from China, India and other countries, and finally decrease in supply due to underinvestment in oil fields and decrease in oil production.
The decrease in oil production from existing fields is primarily due to passing peak oil. As oil is [...]

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Now, however, people in international financial circles detect a subtle shifting of the ground in confidence about the dollar. A few years ago, the suggestion that another currency could rival the dollar would have been ridiculed. Today, some economists say the dollar could begin surrendering some of the advantages of dominance to the euro [...]

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The single most interesting thing about today’s global economy is what has not occurred. In 1979, oil prices soared to slightly more than $100 a barrel in current dollars, and they are approaching that historic high again. Meanwhile, the subprime meltdown continues to play out. Many financial institutions have been hurt, many individual lives have [...]

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Quietly waging economic war as it builds nuclear program.
While the world press has focused on Iran’s plans to move ahead with enriching uranium, Tehran continues to wage economic war against the U.S. dollar behind the scenes.
Tehran has reached a decision to end all oil sales in dollars, according to statements by Iran’s central bank governor, [...]

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