US blunders threaten to end dollar pricing of oil

NEW YORK : Oil-importing countries suffered an unprecedented double blow this year, as oil prices flower while other foreign currencies depreciated against the ALL OF US dollar. Not only do Asian and other emerging marketplace currencies buy much less in terms of US bucks, but oil costs more in terms of minimal dollars – almost triple its nearby currency price of 2 yrs ago.

The double squeeze will put the tailwind behind Hard anodized cookware efforts to ditch the dollar as being a trading currency. Oriental central banks curently have more than US$400 billion of local currency swap lines and may trade among on their own in their own foreign currencies.

The write-up US blunders threaten to finish dollar pricing associated with oil appeared first on Asian countries Times .

Continue Reading

Tackling the global inflation crisis

Ronald Reagan was quoted within 1978 as stating, “ Inflation is as violent as a mugger, as frightening as an armed robber, so that as deadly as a hitman. ’ Reagan acquired spent the first many years of his US presidency battling the inflation problem. Inflation has been running at 9% annually, on its way in order to nearly 15% 2 yrs […]

The particular post Tackling the global inflation crisis appeared first upon Asia Times .

Continue Reading