Iran poses threat to dominance of the US dollar.

[Ponce]

I can only guess that Iran will be the excuse and not the reason to save America.
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Iran poses threat to dominance of the US dollar.


Front page / World / Asia
21.03.2006 Source:


Pages: 123

This week in the world of economics began with the opening of the international oil exchange in Iran. The intrigue of the situation is accentuated by the fact that trading will take place in the European currency. This in itself is setting a precedent: in modern history oil has been quoted exclusively in dollars.



Iran produces 4% of the world's oil


BREAKING NEWS

Sky is the limit for the USA's national debt

Alarmists and antiglobalists from all countries have rushed to describe this as yet another sentence against the hegemony of the dollar/">dollar and the USA. It can not be ruled out that this idea is what is motivating the Iranian authorities. At the height of tension in relations between the USA and Iran the latter’s move looks like a blow to the economic power of its enemy.

http://english.pravda.ru/world/asia/21-03-2006/77628-oil-0

[Ash_Williams]

I remember this. 4 years ago it became the reason for another round of "they're gonna attack Iran soon" threads on GIM.

[Ponce]

Yes Mr Ash.........that was when Iran was talking about getting rid of the petro-dollar by selling their oil in Euros.