Glenn Beck: Voice of reason on American debt?

Generally speaking, I ignore people who complain about THE MEDIA ignoring a story during their national television show.

This is probably even more true when the person's name is Glenn Beck. But I did catch this piece last night, and thought it was interesting.



This is the British newspaper article Beck based his report on:

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.