Fears of dollar collapse as Saudis take fright

By Ambrose Evans-Pritchard, International Business Editor, "The Telegraph" Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East. "This is a very dangerous situation for the dollar," said Hans Redeker, currency chief at BNP Paribas. "Saudi Arabia has $800bn (£400bn) in...

09/21/07 – Greg Palast – The Scott Horton Show

Investigative reporter and author Greg Palast explains how Bush's prop Sheikh Abu Risha was a nobody before he got blown up, how the real power among the Sunni tribal leaders operate and the ease with which they dominate the al Qaeda in Mesopotamia types, the horrible ethnic cleansing of Shia by the newly U.S. backed Sunni insurgency in Anbar, the proxy war for control of OPEC, the battle between the neocons and the oilmen, why he thinks there won't be a war with Iran and the kid that got...

The Show

for today: Charles Goyette, Dr. Gordon Prather. Listen live here 11-1pm Texas time. Call in number 512-646-6446.

09/20/07 – Dr. Gordon Prather – The Scott Horton Show

Nuclear physicist and Antiwar.com regular Dr. Gordon Prather discusses the history of American nuclear weapons policy, how Israel's attack on Iraq's IAEA safeguarded Osirirk nuclear plant in 1981, drove Hussein's program underground, the IAEA's monitoring of Iran's current nuclear program and Mohamed ElBaradei's attempts to work things out, his worry that the U.S. may use nuclear weapons against Iran and that besides being a horrible slaughter it would reveal the uselessness of America's...

09/20/07 – Charles Goyette – The Scott Horton Show

Antiwar Radio host Charles Goyette explains how central banking and empire have destroyed the U.S. dollar, some history regarding the gold standard, the confluence of interests which came together for the war in Iraq, how the fed transfers the wealth from the working and middle classes to the plutocrats and the true costs of war.

The Show

for today: Steve Clemons and the guy from that UK study.. Tomorrow? Listen live here 11-1pm central. MP3 here.