Wednesday, April 18, 2007

That Plummeting Sound ...

Is the US dollar as it enters freefall...

It seems that Iran is moving its oil sales from US$ basis accounting to Euros.

I've been half expecting this for quite some time. Both China and Iran are ideally positioned to become a serious problem for the United States, and the reality is that there is an economic war going on that the United States is trying to win with a military movement.

To borrow a line from several cheesy movies: Never bring a knife to a gunfight.

H/T: StageLeft

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