Tuesday, August 10, 2010

Iran says to drop trade in 'filthy' dollar, euro


This is big news that affected the market today and inches us ever closer to confrontation. Note that Saddam Hussein dropped the dollar for the Euro just before the US invasion. (Listen to my 2004 commentary on Dollar Hegemony).

1 comment:

Greg Bacon said...

Considering how the Fed has printed WAY too many federal reserve notes, which is leading us to hyper-inflation, I'm surprised more countries haven't made the same move.

Either they're scared of being declared some kind of terrorist den or they already have a US approved stooge in place.