Iran abandons dollar in oil deals
"'The dollar is no longer a reliable currency, considering its devaluation and the resulting loss suffered by oil exporters,' said Iranian Oil Minister Gholam-Hossein Nozari."
http://www.presstv.ir/detail.aspx?id=34171§ionid=351020103
2007-12-09 11:14:30 · 7 answers · asked by Lars 4 in Politics & Government ➔ Other - Politics & Government
it was only after doing this that we invaded iraq.
warren buffett recently wrote piece in which he stated that for the first time in his career he bought other currencies and that there was only one reason why you would buy other currencies - belief that the dollar would continue to decline.
he stated that he hoped he was wrong.
i now have switched a portion of my portfolio into silver bullion.
it appears that in addition to greatly degradating our national prestige, bush has now taken steps to reduce the value of my retirement portfolio.
folks, this is not a good time to be holding debt of any kind...
2007-12-09 11:50:04 · answer #1 · answered by nostradamus02012 7 · 2⤊ 0⤋
NO What it means is that while the Bush administration has been asleep at the wheel, the tires are coming off the economy and the result is that the value of the US dollar has slipped so far that is is now considered a very bad investment by foreign governments and banking institutions.
This is just more of the head in the sand, everything must be rosy because we are in charge that we have had for the last seven years. The US dollar is in such bad shape that you now, for the first time I can remember in my lifetime, have an exchange rate with Canada that requires US buyers to pay a premium to convert to Canadian dollars.
Our economy is becoming a house of cards, that will soon collapse in on itself, with the result of a world wide economic slow down that will send dozens of nations into depression. But every thing is just fine - just ask King Georgy and his Neo-Conservative stooges.
2007-12-09 11:22:38 · answer #2 · answered by Mcgoo 6 · 6⤊ 1⤋
I think the Amero will save us once Canada, Mexico and the US combine currency...
Its gonna happen,,,,
Why do you think noone in the US govt wants to deal with immigration???
Mexico is gonna be like a really big state in a couple years....
and hopefully we can fix it up so more college chicks go there for spring break
2007-12-09 11:51:48 · answer #3 · answered by Anonymous · 1⤊ 1⤋
Pure propaganda on the part of Iran. LOSS??? Look at the PRICE OF OIL!!!!!!!! Oil should be about 15-20 dollars a barrel !!!!! Not close to 100.
2007-12-09 11:20:38 · answer #4 · answered by Anonymous · 0⤊ 4⤋
you know i reall dont think so, im not a politician but isnt the U.S. the world largest consumer for oil? why would they not want to deal with us? furthermore, isnt the american dollar accepted all throughout the world? theyre probably just bull$hiting.
2007-12-09 11:25:31 · answer #5 · answered by Marco 3 · 1⤊ 2⤋
Iran.... not improtant enough to bomb....
2007-12-09 11:26:29 · answer #6 · answered by prancinglion 5 · 1⤊ 1⤋
They are so arrogant. And what do you mean "back" to the Stone Ages? If you catch my drift.
2007-12-09 11:19:03 · answer #7 · answered by desperatehw 7 · 1⤊ 5⤋