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The Real Test Of The Petro Dollar System

The Real Test Of The Petro Dollar System

Currently the US Dollar, traded on the stock market as (UUP), and (USDU); is the world's reserve currency. Although there is talk of the fall of the US Dollar as the world reserve currency, it's all talk and there's no signs that this will happen any time soon. Hungary recently issued sovereign bonds in Yuan - but so what? It's just a drop in the bucket. The practical fact is there is no real threat to the US Dollar's status as a reserve currency. However, there may be one.

Were The 9/11 Attacks Coordinated By CIA And Mossad?

The US Central Intelligence Agency (CIA) and the Israeli spy agency Mossad both played crucial roles in the “sophisticated intel operation” that was the 9/11 attacks in New York, according to founder of the Scholars for 9/11 Truth, James Henry Fetzer The “highest levels” of the U.S. government are implicated in covering-up Saudi Arabia’s role in the 9/11 attacks, and the extent of the cover-up went far beyond hiding 28 pages of a congressional report on 9/11 which was released in 2002.

Analysts Respond To Doha Meeting Failure: "Blow To Sentiment"

Failure to proceed with crude output freeze plan seen as a "serious blow" to oil-market sentiment by Energy Aspects; Barclays expects mounting tensions between Saudi Arabia and Iran to boost volatility. Separately, Kuwait oil workers strike viewed as price-supportive.  Here, courtesy of Bloomberg, is a summary of what analysts have said so far on meeting’s outcome as well as comments on Kuwait:

Barclays analysts including Miswin Mahesh

"I Am Not Sure You Can Call It A Freeze" - OPEC Deal In Jeopardy As Saudi-Iran Tensions Spike: All The Latest

Following last night's leaked draft Doha document, which envisions a non-binding, "gentleman-like" oil freeze agreement, that caps production at January levels until October, with zero enforcement or oversight, moments ago the formal Doha talks started:

  • OIL PRODUCERS START FORMAL TALKS ON OUTPUT FREEZE IN DOHA

However, even before the start, things did not look good, when Saudi Arabia delayed the start of the meeting in what seemed to be a redrafting to account for the inclusion of Iran as part of the freeze, something which Iran has clearly said it won't do.

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