Comments on: A new Reserve currency to challenge the dollar – What’s really going on in The Straits of Hormuz.

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By: Golem XIV

Golem XIV — Mon, 21 Jan 2013 22:05:32 +0000

In reply to OpenThePodBayDoorHAL. I am pretty sire Unicredit could not pay back or divest themselves of the Libyan investment.

By: OpenThePodBayDoorHAL

OpenThePodBayDoorHAL — Mon, 21 Jan 2013 21:38:27 +0000

In reply to redracam. My French brother-in-law lived in Tripoli for the last five years and operated at the highest levels of the Libyan economy. He says it is common knowledge that Gaddafi buried his massive gold hoard in shipping containers in the desert, then machine gunned the people who buried it. And don't forget the Italy/Libya connection. Gaddafi bailed out UniCredito with several billions after 2008. Rumor is they didn't want to pay Gaddafi back.

By: Hawkeye

Hawkeye — Mon, 13 Feb 2012 11:09:57 +0000

Is the Telegraph playing catch up, on this story?

http://www.telegraph.co.uk/finance/commodities/9077600/Iran-presses-ahead-with-dollar-attack.html

“Iran has the third-largest oil reserves in the world and pricing oil in currencies other than dollars is a provocative move aimed at Washington. If Iran switches to the non-dollar terms for its oil payments, there could be a new oil price that would be denominated in euro, yen or even the yuan or rupee.”