The demise of the dollar- Business Oil’s dollar pricing ‘under review’

The demise of the dollar

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading. In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.

Read the rest of the article…

Ref: The Independent

Egypt and Fatah sellout so that Israel can do what they are best at; genocide

“Only hours before the attack, the Egyptians told our representatives that they were under the impression that Israel would not launch an operation,” the Hamas official said. “We believe the Egyptians deliberately deceived us because they had given Israel a green light to attack.”

Another Hamas official told the Post that Abbas and his top aides had long been urging Israel to bring down the Hamas government so that they could return to the Gaza Strip.

“The Egyptians even made it clear to us that they had convinced Israel not to attack the Gaza Strip,” he said. “Abbas also wanted to reassure Hamas by talking about his intention to renew the reconciliation talks with us.”

Mussa Abu Marzouk, a senior Hamas official based in Damascus, claimed that some Arab parties had pushed Israel to launch the attack. “We are astonished by reports according to which some parties have been urging Israel to wipe out Hamas,” he said. “We are also shocked to hear officials in Ramallah and Cairo blame Hamas for the Israel aggression.”

Abu Marzouk claimed that the IDF operation was designed to force the Palestinians to succumb and make political concessions. “The Israeli enemy won’t succeed in achieving its goal,” he said. “In the past, they launched a military operation in the northern Gaza Strip and imposed blockades which didn’t work.”

Ref: Jpost

Norman Finkelstein & Former Israeli Foreign Minister Shlomo Ben-Ami Debate: Complete Transcript

LISTEN TO MP3 AUDIO of this discussion!!!

We turn now to one of the longest running and most bitter conflicts in modern history: Israel and the Palestinians. Well over a decade has passed since the historic Oslo Accords that brought hopes for a lasting peace. Today, relations between the Israeli government and Palestinian Authority are virtually nonexistent. Israel and the P.A. have not held final status peace talks in over five years. With the recent election of Hamas, Israel says it will cut off all ties to any Palestinian government that includes the group. After the election Israel withheld tax funds it collects on behalf of the Palestinian Authority. It finally transferred the funds but says any Hamas-led Palestinian government will get, quote, “not even one shekel.” That’s, well, a dime in the United States.

The Palestinian Authority is on the brink of financial disaster. This week, the P.A. announced it will be unable to issue paychecks to its more than 130,000 employees. It’s the largest employer in the Occupied Territories. Hamas’s victory is seen as, in part, as a reaction to what many Palestinians see as the corruption of the old guard. An internal Palestinian inquiry has found at least $700 million has been stolen from Palestinian public funds due to corruption in the last few years. The total figure could be billions more.

Meanwhile, the Israeli settlements in the occupied West Bank continue to expand. The Israeli group Peace Now reported 12,000 new residents moved into West Bank settlements in 2005, 3,000 more than the total number removed as part of Israel’s disengagement from the Gaza Strip, and construction continues in settlements located both inside and outside the route of Israel’s separation barrier.

Today, we bring you a discussion with two of the world’s leading experts on the Israeli-Palestinian conflict. Both of them have new books on the subject. We’re joined by Shlomo Ben-Ami, both an insider and a scholar. As Foreign Minister under Ehud Barak, he was a key participant in years of Israel-Palestinian peace talks, including the Camp David and Taba talks in 2000 and 2001. An Oxford-trained historian, he is currently Vice President of the Toledo Peace Centre in Madrid. His new book is called Scars of War, Wounds of Peace: The Israeli-Arab Tragedy. President Bill Clinton says, quote, “Shlomo Ben-Ami worked tirelessly and courageously for peace. His account of what he did and failed to do and where we go from here should be read by everyone who wants a just and lasting resolution.

We’re also joined by Norman Finkelstein. He’s a professor of political science at DePaul University. His books include A Nation on Trial, which he coauthored with Ruth Bettina Birn, named as a New York Times notable book for 1998. He’s also the author of Image and Reality of the Israel-Palestine Conflict and The Holocaust Industry. His latest book is Beyond Chutzpah: On the Misuse of Anti-Semitism and the Abuse of History. His website is NormanFinkelstein.com. Avi Shlaim of Oxford University calls Beyond Chutzpah “Brilliantly illuminating… On display are all the sterling qualities for which Finkelstein has become famous: erudition, originality, spark, meticulous attention to detail, intellectual integrity, courage, and formidable forensic skills.”

We welcome you both to Democracy Now! It’s very good to have you with us. Well, I want to start going back to the establishment of the state of Israel, and I’d like to begin with Israel’s former Foreign Minister, Shlomo Ben-Ami. Can you talk about how it began? I think you have a very interesting discussion in this book that is rarely seen in this country of how the state of Israel was established. Can you describe the circumstances?

Ref: Democracy Now!

Shlomo ben am
Scars Of War, Wounds Of Peace : The Israeli-Arab Tragedy

Scars Of War, Wounds Of Peace : The Israeli-Arab Tragedy