Tag Archives: DOLLAR DECLINE

IRAN LAUNCHES OIL BOURSE….CAN YOU SMELL A WAR COMIN'?

 

Iran launches oil bourse
Mon, 26 Oct 2009 21:40:32 GMT
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Iran has launched an oil bourse on Kish Island in the Persian Gulf for trade in crude and petrochemical products.

The new international exchange hall will offer 40 kinds of oil products.

“The inauguration of the hall will enhance Iran’s strategic position in the region,” Bourse Organization Chairman Ali Salehabadi said on Monday.
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DOLLAR DECOUPLING SPEEDS UP ACROSS THE GLOBE

 

Iran to completely drop dollar from foreign exchange

Sat, 17 Oct 2009 01:31:04 GMT

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Iran’s Trade Promotion Organization has announced a near future plan to completely exclude the US dollar from the country’s foreign revenues and reserves.

Iran has recently asked Japan to replace the US dollar with the yen in oil deals it has with the Islamic Republic, Mehr News quoted the organization as saying on Friday. Continue reading

BLOOD BATH AT THE Q4 CORRAL

The “Real” Economy Is Dying: Q4 “Going to Be a Bloodbath,” Whalen Says

Posted Oct 05, 2009 01:49pm EDT by Aaron Task in Investing, Recession, Banking

Related: XLF, SKF, FAS, FAZ, MS, GS, HCBK
Stocks rallied to start the week thanks to a better-than-expected ISM services sector report and a Goldman Sachs upgrade of big banks, including Wells Fargo, Comerica and Capital One.But all is not right in either the economy or the banking sector, according to Christopher Whalen, managing director at Institutional Risk Analytics. In fact, Whalen says most observers are drawing the wrong economic conclusions from the stock market’s robust rally. Continue reading