Monday, September 11, 2006

Wouldn't you think a call for a world-wide ban on transactions in dollars would be news?

On August 2, Malaysia's former premier called for a worldwide ban of transactions in dollars and pounds in an attempt to force the United States and Great Britain to call for an immediate ceasefire in Lebanon. I just stumbled on this article in a Dubai paper on my way to something else. Wouldn't you think something that cuold potentialy collapse our economy would be considered news? I would think so but I guess not.

KUALA LUMPUR -Malaysia’s former premier Mahathir Mohamad has called on the world to ban transactions in US dollars and British pounds as a way to stop Israel’s military campaign in the Middle East.

“The destruction and killings by Israeli terrorists would not be possible without the support and collusion of the United States of America and Europe,” he said in a statement.

“The world must therefore condemn all three and act against them. The oil-producing countries can stop these atrocities by stopping all transactions in US dollars or British pounds,” he said.

A staunch supporter of the Palestinian cause when he was in office, he points out that the oil producing countries could stop the Israeli onslaught if they all banded together. He is right, OPEC did that in the 80's and it had a profound effect on our oil prices. Unfortunately, we did not learn that lesson and get off of oil as Brazil did, but it was a showstopper.

For the full story Khaleej Times Online


At September 11, 2006 5:15 PM, Blogger Thomas Westgard said...

Maybe Mr. Prime Minister should get himself a blog. hehe.

At September 11, 2006 10:21 PM, Blogger Julie said...

Probably why Iran's did, so the media would report on EVERYTHING he says instead of just what they WANT to report about what he says.

I went to it, it's intersting but he needs a webmaster....:)

At September 12, 2006 9:51 AM, Blogger Thomas Westgard said...

Really? What's the latest from Iran? I assume you mean Ahmadinejad?


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