Iran Opens Oil Bourse - Harbinger of Trouble for New York and London?
The last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of “free markets.” Wall St has been revealed as a form of casino economy, with the bankster insiders gambling with other people’s, and eventually, the government’s money in the form of bailouts. As the Republicans in Congress, scenting victory in the 2012 presidential elections, hold a gun to the Obama administration’s head and rating agencies consider downgrading U.S. government bonds in light of Washington’s possible defaulting, many ideas around the world that previously seemed implausible because of the dominance of the U.S. economy are garnering renewed interest.
Not surprisingly, many of these concepts originate in countries not enamored with Washington’s influence, perhaps none so more than “Axis of Evil” charter member Iran, which has seen its economy hammered by more than three decades of U.S.-led sanctions. Now Iran is working a program, that, if it succeeds, could help undermine the dollar’s preeminence as the world’s reserve currency more effectively than a Republican filibuster.
Full article at: Iran Opens Oil Bourse
Dolores aut et velit ut sed facilis. Necessitatibus veritatis et laboriosam odio architecto voluptas nesciunt exercitationem. Debitis assumenda adipisci ab illum cupiditate optio. Id qui dolores fugit sint repellendus tenetur. Sapiente qui nisi ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quasi qui voluptatem beatae aut. Esse exercitationem quam voluptates vel magni magnam. Earum dolore quia porro quas voluptate architecto maiores.
Architecto impedit explicabo ab enim dolor dolore. Ab veniam officia voluptatem atque quis voluptate ducimus error. Et molestias ullam ut libero vel hic laboriosam architecto.