[Marxism] The IMF’s New World Order (The Observer - UK)

Steve Masterson steve4masterson at yahoo.co.uk
Sun Jul 2 02:40:14 MDT 2006

  The article states that the urgently called IMF summit represents the ditching the old G8 of the US, Canada, Japan, Russia, Germany, France, Italy and Britain; and replacing it with the G5 of the US, Japan, Saudi Arabia, China and the Eurozone – with Britain not invited.
  Though certainly the old G8 no longer has the teeth or relevance it had, this is not the purpose of this summit. The meeting is of the world’s biggest oil buyers and its biggest seller. This meeting is about the US finding a way to force these countries to continue buying and selling oil in US-dollars and not turn to the euro. It is about the strength of the euro and its vying to become a second global reserve currency; it is about the threat the new Iran Oil Bourse (due to open shortly), set to trade oil in euros, which may well precipitate the dollar’s collapse. Read why the US dollar is on the verge of collapse at:
  comradely  -  Steve

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