While Russia and China have stepped up their alliance to a level where the Russian ruble is an acceptable tender at many places in China, many other countries sitting on oil reserves are naturally averse of petro-dollar
. Among these nations Iran and Venezuela are those who have to constantly battle sanctions hurled at them from the cross-Atlantic 'moral' police.
Unless the Muslim world resigns itself to the unpalatable fact that America and its Israeli satellite (or is it the other way around?) rule the planet, then it should take coordinated actions to prove otherwise, such as rejecting the petro-dollar
, boycotting US exports and, most effective of all, withdrawing investments from American banks.
"This fall in petro-dollar
income has led to cuts in government spending observed in the last three to six months, which is compounding the situation.
?KRG has vowed if Baghdad fails to pay Kirkuk it share in the federal budget and the petro-dollar
budget, KRG would sell Kirkuk oil independently and pay Kirkuk its budget,?
The Scots appear to want to build a Norway-like petro-dollar
And tomorrow it will be Gus Poyet's relegation-threatened Black Cats against Manuel Pellegrini's petro-dollar
funded, star-studded, mega-bucks, Man City.
It concluded by saying " petro-dollar
is smelled in the terrorism hitting Syria, Lebanon and Iraq, and thus the Syrian government calls upon the Lebanese people to stick to the national unity to confront terrorism." Information Minister: Israel, Saudi Arabia and other Gulf states are behind the terrorist attack Meanwhile, Minister of Information Omran al-Zoubi expressed condemnation of the terrorist bombings in Beirut and said they "smell of petro-dollar
The devaluation will increase fiscal capacity by boosting the amount of local currency the government receives per petro-dollar
, though we anticipate large fiscal deficits to remain in place.
The violence of petro-dollar
regimes offers the reader a global approach to the subject.
KIRKUK / Aswat al-Iraq: Kirkuk governor called to increase petro-dollar
allocations to three dollars per barrel, instead of one, according province's media director.
Another key part of the Iran-led axis, the Shi'ite cabinet of Nuri al-Maleki, has allowed to turn oil-rich Iraq into a petro-dollar
cash-cow for the Iranian theocracy, thus letting Tehran skirt many of the OECD sanctions against the latter (see rim2IrqIrnAug27-12).
Saudi Arabia, home to some of the world's largest oil and gas fields, is also expected to finalise its atomic energy plans this year in the face of fast-rising demand for electricy driven by booming petro-dollar