The Gulf oil states are still hoping to end their currencies’ link to the plummeting greenback, despite the recent threat tour by Cheney. This weakens US hegemony, but as Burt Blumert says, even the US regime can’t repeal the law of gravity, and it can’t repeal the laws of economics. The horrific monetary spewing of the Federal Reserve since 9/11 especially has done vast damage, which affects even the most powerful empire since the world began. A pillar of US global power is the dollar as reserve currency, but even US satellites now want the euro. But I am told … Continue reading Despite Cheney’s Threats of Mayhem