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

[Steve Masterson <steve4masterson@xxxxxxxxxxx>]

 Comrades,

  http://observer.guardian.co.uk/business/story/0,,1810488,00.html

  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:

  http://groups.yahoo.com/group/GreenLeft_discussion/message/29993?l=1

  comradely  -  Steve

                
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