Comments Posted By Mike Walker
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Rick,
I was reading a news article last night on the nuclear Iran issue when I came across one of those comment-posts that follow the article. It title was, "Nuclear Iran is a Red Herring," I would appreciate anyone's comments on the text of the comment. Is there any truth to this?
It is Iran's determinatioin to switch from petrodollars to the Euro for payment of its oil that has Bush's jockey shorts in a bunch. It was Saddam Hussein's switch to the Euro circa 2000 that was the real tipping point for the invasion of Iraq. A switch to Euros by other Opec nations which is likely will have a devasting effect on the U.S. economy. no longer would the importany nations have to hold on to dollars to pay for oil. Dumping their dollars before they lose value via inflation makes them less valuable around the world as well as in the U.S. U.S. Bonds held by China and others will be dumped...
Comment Posted By Mike Walker On 24.01.2006 @ 23:42
