Great read courtesy http://www.currencytrading.net/ written by Adam Kritzer By now, everyone is surely familiar with the measures that the Federal Reserve Bank and US Treasury (under the auspices of the US government) have unveiled to blunt the impact of the credit crisis. The accompanying debate, regrettably, has dwelled on matters of efficacy; in other words, are [...] . . . → Read More: Is the Fed Hurting the Dollar in the Long-Term?
As early as May, 2008, Libyan leader Colonel Muammar Ghaddafi suggested that his country planned to dismantle his nation’s political bureaucracy and would “hand out oil money directly to the country’s five million people.” (www.javno.com) Nearly three-fourths of Libya’s petroleum revenue is suspected of being illegally diverted.
In September of last year, the Arab . . . → Read More: Is the U.S. Next? Libya To Give Oil Proceeds Directly To the Population