Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts
Thursday, January 27, 2011
"Petro Euros vs. Petro Dollars"
"The Organization of Petroleum Exporting Countries (OPEC) is shifting away from total reliance on the dollar as an international currency - and adopting the euro as an alternative. This is probably the US government's worst nightmare, economically speaking. Saddam Hussein's biggest crime in recent years - in the minds of the US elites - is his demand to be paid in euros instead of dollars for the oil that Iraq exports (it was a wise business decision, given that the dollar has dropped and the euro is now worth $1.10, as of March 10, 2003 - $1.20 reached in December, 2003) These articles provide background and detail about the war between the dollar and the euro, which will be waged by proxy in Iraq (and Iran)." Please Continue
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