Mahathir an Suadi-Arabien: Verkauft Ã-l für Gold!!!

verfasst von RK, 19.01.2004, 07:22

-->Sell oil for gold, Mahathir tells Saudi Arabia

http://biz.yahoo.com/rm/040118/saudi_mahathir_1.html

JEDDAH, Saudi Arabia, Jan. 18 (Reuters) -- Former Malaysian
Prime Minister Mahathir Mohamad said on Sunday that Saudi
Arabia should sell oil for gold, not dollars, to avoid being
"shortchanged" by a decline in the U.S. currency.

"The price of oil is $33 but the U.S. dollar has declined by
40 percent against the euro so you're effectively getting
$20," Mahathir told an economic conference in Saudi Arabia's
Red Sea city of Jeddah."So you're being shortchanged."

Saudi Arabia, the world's biggest oil exporter, has justified
higher world oil prices by saying they are necessary to
compensate for the slide in the U.S. currency.

Mahathir, who retired last October, spent much of his time
in office upsetting Western governments and defying their
economic orthodoxies. But he became a respected spokesman
in Islamic and developing states and received an ovation in
Jeddah.

He suggested countries tally their total annual imports and
exports and settle the difference at the end of the year in
"gold dinars." Sounding a discordant note, Mahathir also
warned Saudi Arabia against rushing to join the World Trade
Organisation (WTO), saying it was not necessarily a positive
move.

Saudi Trade Minister Hashem Yamani said on Saturday his
country had narrowed differences with the United States that
were holding up accession to the organisation and said he
wanted to join"tomorrow."

"Everybody should be careful before joining the WTO because
it is not all positive. It can be very negative if you don't
handle it properly," Mahathir said."They try to impose
their agenda without regard for some other countries."

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gesamter Thread:

• Bundesbank erhält Beistand für Goldverkauf - off-shore-trader, 19.01.2004, 01:58
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    • Bill Murphy (GATA-Chef) und Welteke!!! - RK, 19.01.2004, 07:19
      • Mahathir an Suadi-Arabien: Verkauft Ã-l für Gold!!! - RK, 19.01.2004, 07:22
        • FT interpretiert Liebscher-Gerede als Gold-bullish! War wohl nix, Hr. Liebscher! - RK, 19.01.2004, 07:40
        • Re: Mahathir an Suadi-Arabien: Verkauft Ã-l für Gold!!! - apoll, 19.01.2004, 14:29
  • Die Ã-ssis sind schlauer. o.T (owT) - Odin, 19.01.2004, 10:03