 | Scenario 2020: The Future of Food in Mendocino County | The Oil Drum | Financial Forecast for 2009, Considering Resource Limitations |  |
134 comments on DrumBeat: January 6, 2009
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134 comments on DrumBeat: January 6, 2009
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End of western economic model.
Beginning of muslim economic model. No usury. Not sure how this will play out apart from the fact that global leadership will transition away from current hegemon.
I have heard all this before. Several years ago there was talk of creating a new "Dinar" that was backed by gold. Eventually nothing came out of it.
And don't forget the Iran Oil Bore. End of Western model, death to hegemon, Fed out of business, dollar as toilet paper. I'm not holding my breathe this time either.