All the blank cheques come back
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
Uh-oh.
To see why this will upset the USA, you need to watch this video. It’s informative, funny and slightly disturbing. Check out, in particular, the Salvadore Dalí story starting around around 21:20. Understand this video was made before the current financial crisis, and the consequences of all these dollar bills flying back toward the US is even greater than before.