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Islamic delegates rant haplessly again about dollar imperialism
Wake us up, Your Eminences, when you start using gold for a trade currency. Unlike the dollar, gold doesn't care who spends it or what it's spent on.
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Iran Urges Muslim World to Fight Dollar 'Domination'
By Sam Reeves
Agence France-Presse
via Bourse & Bazaar, London
Thursday, December 19, 2019
The president of sanctions-hit Iran called today for Muslim countries to cooperate in fighting U.S. "economic terrorism" at the opening of a summit aimed at tackling the Islamic world's woes.
Hundreds of delegates are attending the gathering in Malaysia -- including heads of state and religious leaders -- but the meeting has been snubbed by Saudi Arabia, home to Islam's holiest shrines.
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The summit has also been criticized for undermining the Organisation of Islamic Conference, the Saudi-based global body representing Muslim nations and organizations.
Issues including the plight of Myanmar's Rohingya and China's mostly Muslim Uighur minority could be discussed, although, with massive Chinese infrastructure in many Islamic nations, criticism may be muted.
In opening remarks, Iran's President Hassan Rouhani slammed Washington's global clout.
"The American economic regime and dollarization of national and global economies have provided the United States with the possibility of advancing its hegemony under the threat of sanctions and economic terrorism," he said.
The Muslim world needs to be saved "from the domination of the United States dollar, and the American financial regime," he added, calling for greater financial cooperation between Islamic countries. ...
... For the remainder of the report:
https://www.bourseandbazaar.com/news-1/2019/12/19/iran-urges-muslim-worl...
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