Oil Moving away from the Yankee $

Discussion in 'Current Affairs, News and Analysis' started by jonwilly, Feb 21, 2008.

  1. This is big. If true, enorm. in its implications. The US went to war with Iraq when it threatend to go Euro.

    Gear up for Op Persian Freedom...
     
  2. It is pretty big. Not all bad for the dollar as having it as the reserve currency inflates the value making things harder for US exporters. Lot of problems with things like US government debt and stuff though IIRC.

    Best thing the Yanks could do is take the Saudi oil imo. Solve all sorts of problems in one go.