We are living in a dark era; a time filled with deception and fear...the twin gate-posts of hell. Trim the wick and light your lanterns. Seek the truth, shine the light into the darkest of corners, to continue the Revolution of Light and watch the cockroaches run for cover.
Tuesday, May 22, 2007
Kuwait drops dollar peg in blow to Gulf currency union
The Great Collapse is closer than you think.
Kuwait drops dollar peg in blow to Gulf currency union-International Business-News-The Economic Times:
KUWAIT: Kuwait unshackled its dinar from the tumbling US dollar on Sunday and switched the exchange rate mechanism to a basket of currencies, throwing plans for currency union with other Gulf Arab oil producers into disarray.
Kuwait’s central bank, which battled speculators for weeks to defend the peg, said the dollar’s slide against other currencies had forced it to break ranks with fellow Gulf states to contain inflation from the rising cost of some imports.
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