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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