Tag Archives : OPEC


Petrocoin? Kuwaiti firm suggests trading oil in Bitcoins

  Source: http://www.againstcronycapitalism.org By Nick Sorrentino Petrocoin? Kuwaiti firm suggests trading oil in Bitcoins     The dollar, and more importantly the petrodollar is in some serious medium to long term trouble. Right now the dollar is the reserve currency of the world and the only currency with which one can buy or sell oil in in […]

Venezuela to devalue its currency 1

Source: http://www.cbc.ca By CBC News Venezuela’s government announced Friday that it is devaluing the country’s currency, a long-anticipated change expected to push up prices in the heavily import-reliant economy. Officials said the fixed exchange rate is changing from 4.30 bolivars to the dollar to 6.30 bolivars to the dollar. The devaluation had been widely expected […]

World War III: the unthinkable cost of preserving the petrodollar 2

Source: http://www.pakalertpress.com Crisishq As noted by many of our readers, one of the key topics omitted from our article on the inevitability of economic collapse was the petrodollar system. Due to its significance, we felt that this subject deserves its own article. If you have never heard of the petrodollar, don’t be surprised. There’s a […]

Major Romney Bundler Is Agent Of Foreign Government

Source: http://thinkprogress.org Ignacio E. Sanchez is a lobbyistat DLA Piper, an influential global law firm and a major bundler for the Mitt Romney campaign. A ThinkProgress review of public records reveals Sanchez is also a registered foreign agent representing the interests of the United Arab Emirates and of a former president of the Dominican Republic. […]