And so it begins
posted by The Vidiot @ 2:34 PM Permalink Euro to replace dollar in Iran’s Forex Reserve Fund:Iranian President Mahmoud Ahmadinejad ordered the use of the euro instead of the dollar as the basic foreign currency in the Forex Reserve Fund calculations.Hmmmm, where have we heard that before:
In November 2000, Iraq became the first OPEC nation to begin selling its oil for Euros. Since then, the value of the Euro has increased 17%, and the dollar has begun to decline. One important reason for the invasion and installation of a U.S. dominated government in Iraq was to force the country back to the dollar. Another reason for the invasion is to dissuade further OPEC momentum toward the Euro, especially from Iran- the second largest OPEC producer, who was actively discussing a switch to Euros for its oil exports.The clock is ticking.
Labels: iran war prep, iraq war prep, petrodollars
9 Comments:
Ahem, not to brag (ok, to brag just a bit) have I not been saying for years that as countries began to use other currencies than the ragged old dollar that many wars not started might commence? Wait until China tires of watching their $4+-billion reserves, already losing value faster than melting icecaps and glaciers (about 30% last I heard), decides that the euro IS, and always has been, more stable since the w administration destroyed America"s credibility and financial institutions by "borrowing and spending' at a rate that would have been impossible (and unimaginable) for 'tax and spend' democrats to ever even conceive. That's when the spit REALLY hits the fan!
Get ready, 'cause this one's really gonna hurt.
I've always wondered why so few, if any, so-called experts either didn't see this coming, or were afraid to tell everyone it was coming, and I wonder how many of those experts are heavily investing in euros as they divest themselves of the crashing and burning dollar?
But what bothers me most is that a blind fool could see this coming, and If I saw it coming through my cloud of morphine and other reasonings abilities just how is it that apparently not one single economist thought to point out this coming financial Armageddon?
Oh! Oh! I think I know why! Republican fealty to the loser (imho) Mr Andrea Mitchell who never met a bubble he didn't like!
Hi,
I guess we could expect such a turn out and I agree with Bill Arnet, why are we so surprised?
Jay
not surprised so much as WHY THE HELL DO WE PUT UP WITH THIS CRAP.
Bill says: "But what bothers me most is that a blind fool could see this coming, and If I saw it coming through my cloud of morphine and other reasonings abilities just how is it that apparently not one single economist thought to point out this coming financial Armageddon?"
Doncha see? It is all way too obvious ... the answer is, we just need to make the government ingest more morphine ~
DanD
Nice catch.
Here we go again. *sigh*
I meant 'morphine-induced fog and reduced reasoning abilities' consequent to its use. Although inducing those in government to use as much morphine as I do everyday probably would lead to a more peaceful society… a higher one if you catch my drift.
Thanks to all for joining in the conversation.
Well, while it may seem that I was playing "gotcha" to some degree, actually Bill did interpret my comment corretly.
For that matter, prescriptions of marijuana for mandatory use by all elected politicians should be Constitutionally required.
Then, our only major problem with Congress would be the cost of munchies.
DanD
I'd rather pay for all the munchies in the world than a single war anywhere.
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