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.

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Ref: The Independent

VIDEO: Keny Arkana – La rage

Israel lobby commits major blunder in France: tries to silence a comedian

Amazing stuff is happening in France. It all began with a relatively well-known French-Cameroonian comedian, Dieudonné M’bala M’bala was invited to participate on a TV show on the channel France 3. The show also featured a Maghrebian artist and Dieudonne decided to impersonate an extremist Israeli settled infuriated by the presence of an Arab on a French show
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Dieudonne who, in the past, had always enjoyed ridiculing pretty much every segment of French society clearly had never expected the hysterical uproar that his humor would trigger that day: the huge constellation of French Zionists organizations lead by the notorious CRIF (”Representative Committee of Jewish organization in France” – the French version of AIPAC) immediately attacked Dieudonne, suing him for racists comments and suing him for “anti-Semitism” (a criminal offense in France). This was hardly the first time that the French Zionist mob had decided to crush an outspoken critic of its role in French politics or its unconditional support for the last racist state on the planet: Israel. But this time, the Ziomob miscalculated, badly.

Dieudonne began making the accusations of anti-Semitism made against him a central piece of his shows. Here is a sampling of the kind of the hilarious skits Dieudonne came up with:

This was not at all what the Ziomobsters in France had hoped to achieve when they attacked Dieudonne for his appearance on France 3. In response to his defiant stance, they then used their total control over the French political class to shut down his shows under the pretext that they would “threaten the public order”. Dieudonne immediately replied that France is capable of providing the security needed for an event like the G8 summit, but not to let one comedian make his show.

Still, while in the past he had filled the biggest concert halls in France, Dieudonne was forced to perform his skits in a rented bus (you can see a report about this here). But Dieudo, has he is known, had one more thing up his sleeve.

His logic was simple: if I cannot use my freedom of speech as a comedian, why not use it as a politician?

Dieudo had already tried one to run for office a couple of times, but he never achieved any measure of success. This time, however, he came up with a stunning argument. Basically, Dieudo claims that the Left-Right chasm is an artificial and meaningless chasm in French politics and that the real issue which separates the parties in France is their attitude towards the Zionist ideology, the state of Israel, and the role of the Israel Lobby in France.

Read more at Les dessous de l’information mondiale-Downside World News

France: Jerusalem should be capital of two states

France accused Israeli Prime Minister Benjamin Netanyahu on Friday of prejudicing the outcome of the Middle East peace process by declaring that Jerusalem would forever be Israel’s undivided capital.

“Jerusalem is the eternal capital of the Jewish people, a city reunified so as never again to be divided,” Netanyahu said on Thursday at a ceremony to mark Jerusalem Day in the city’s Mercaz Harav yeshiva.

Our people’s unparalleled affinity to Jerusalem has spanned thousands of years, and is at the basis of our national renaissance. It has united our people, secular and religious people alike.”

Foreign Ministry spokesman Frederic Desagneaux said Friday, “The declaration made by the Israeli prime minister yesterday in Jerusalem prejudices the final status agreement,” according to AFP.

Desagneaux also said the “Middle East road map” to peace calls on both parties to negotiate an agreement on Jerusalem.

“In France’s eyes, Jerusalem should, within the framework of a negotiated peace deal, become the capital of two states,” he said, adding that French President Nicolas Sarkozy had told Israeli lawmakers this in a speech last year.

“Actions such as the destruction of Palestinian homes or the transformation of Arab districts risk provoking an escalation in violence. They are unacceptable and contrary to international law,” Desagneaux said.

“In broad terms, France condemns the ongoing settlement, including in East Jerusalem. We reiterate the need for a freeze on colonization activities, including those linked to natural population growth,” he added.

Netanyahu said he had made the same declaration during his recent visit to Washington, where he met with United States President Barack Obama over the peace process and Iran’s nuclear program.

“Only under Israeli sovereignty will united Jerusalem ensure the freedom of religion and freedom of access for the three religions to the holy places,” he said.

Ref: Haaretz

Why the Tough Talk on Iran?

President Bush must serve up a pretty convincing hamburger: Ever since his Kennebunkport cookout with his French counterpart Nicolas Sarkozy, the French have been rattling sabers at Iran with a ferocity that must please even the most Francophobe hawks within the Administration.

Recent tough talk by Sarkozy was ratcheted up last weekend by his foreign minister, Bernard Kouchner, who urged the world to prepare for war against Iran. He later insisted that he meant simply that war was the worst possible outcome but that the failure of diplomatic pressure to dissuade Iran from enriching uranium would make war inevitable. To underscore the point, French Prime Minister Francois Fillon added Monday, “The Iranians must understand that tension has reached an extreme point … in the relationship [with] its neighbors.”

France, of course, is not one of Iran’s neighbors, and most of those countries would read the French comments as part of an effort to fabricate a sense of crisis over Iran’s nuclear program. Indeed, even as Fillon spoke, the Gulf Cooperation Council — which includes such key U.S. allies as Saudi Arabia, Bahrain, the United Arab Emirates and Kuwait — was moving to open trade talks with Tehran despite U.S. calls for Iran�s isolation. And Egypt was hosting a high-level Iranian diplomatic delegation in talks aimed at normalizing relations, rejecting talk of confrontation and instead demanding a peaceful solution “through negotiations which guarantee the Iranian right to a peaceful nuclear program.” Similar sentiments have been expressed by a number of Arab countries, wary of Iran’s ambitions but even more alarmed by the consequences of any U.S. attack on the Islamic Republic. The governments of Iraq and Afghanistan have warm, cooperative ties with Tehran, while Russia continues to work on Iran�s nuclear program and resists Western efforts to ratchet up U.N. pressure.

In fact, the only one of Iran’s neighbors for whom it may be true, as the French PM suggests, that tensions have reached “an extreme point,” is the United States — a neighbor by virtue of its presence in Iraq. Despite offering little evidence to back the claim, the Administration now routinely claims Iran is destabilizing Iraq and waging a proxy war on U.S. forces there. In fact, President Bush proclaims containing Iran as one of the strategic rationales for staying in Iraq. And the hawkish political faction inside and outside of the Administration that campaigned for war in Iraq are once again beating the drum for blasting Iran, warning that diplomatic efforts to deter Iran from enriching uranium are going nowhere.

The French statements are warning the world that a clock is ticking on the Iran “crisis,” although the countdown is on the remaining 16 months of President Bush’s tenure rather than anything happening during that time in Iran’s nuclear program, which remains a number of years away from the capability of building a bomb. A mounting tide of reports has suggested that President Bush does not want to leave office without having prevented Iran from attaining the means to build nuclear weapons — and if that outcome cannot be achieved through diplomatic pressure, the reports suggest, then he is prepared to consider military action.

Even if the purpose of French alarmism and U.S. media leaks is simply to sweat the Iranians into backing down, it runs the risk of becoming a self-fulfilling prophecy. The Iranians tend to harden their positions in response to threats, and the sense of urgency being engendered by the U.S. and its closest allies is not shared by the international community — the U.N. nuclear watchdog, the IAEA, has found no evidence of a covert nuclear weapons program in Iran, and has reached an agreement with Tehran to address a number of specific concerns over aspects of Iran’s nuclear activity at the center of the standoff. That agreement has been pilloried in the U.S., and IAEA chief Dr. Mohammed ElBaradei has come under attack, not least from Secretary of State Condoleezza Rice who told him to to butt out after he criticized the war talk from Western officials. But, having been vindicated in his prewar claim that Saddam had no nuclear weapons program, ElBaradei is unlikely to back off. “I would hope that everybody would have gotten the lesson after the Iraq situation, where 700,000 innocent civilians have lost their lives on the suspicion that a country has nuclear weapons,” he said in response to earlier criticism.
Clearly, the U.N. process is not going to yield the results desired by the U.S. and its allies any time soon. The latest Iran-IAEA agreement has sharply diminished chances of the U.N. Security Council approving any further sanctions against Iran this fall, and the French call for unilateral European sanctions has been rebuffed by Italy (Iran’s largest European trading partner) and sharply criticized by Russia. A deeper problem lies in the fact that the West sees uranium enrichment itself — to which Iran is entitled under the Non-Proliferation Treaty — as unacceptable, because it would give Iran the means to quickly assemble a nuclear weapon if it chose to break from the NPT, as North Korea did. Thus far, Iran has rejected deals offered by the Europeans to forgo its right to enrichment, although talks are ongoing.

Iran’s leaders may well be holding out for the sort of “grand bargain” that appears to underlie the recent deal with North Korea, where part of the price for denuclearization was tacit security guarantees for its regime. That’s an option the current debate suggests is unlikely to be embraced the Bush Administration in the case of Iran. But if President Bush plans to put a stop to Iran’s nuclear program by any means necessary before he leaves office, the sense of crisis will have to be sharply escalated in order to convince a war-weary American public to back a second potentially catastrophic war of choice in the Middle East. At least this time, the French are doing their bit.

Ref: Times