muses of the moment

December 2, 2013

Another new currency

Filed under: Dollar Crisis, Fiat Currency, Inflation, The Dollar Crisis, The Financial Crisis — totallygroovygirlfriday @ 8:30 am

Click here for an article about a new regional currency in the Middle East (Bahrain, Kuwait, Qatar and Saudi Arabia). It will be pegged to the Dollar and not an internationally traded currency.

Groovygirl suspects that this is an attempt to control national inflation levels caused by the USDollar to prevent or control rebellions in that area. Nothing like high food prices to spark a revolution….

Could be that they are setting this regional currency up now, getting people used to it, and will change the peg as necessary in the future.

The take-away here is that everyone is trying to protect themselves from the eventual destruction of the USDollar.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: