Saturday, November 17, 2007

The Dollar is Teetering....

Why are we worrying about Iran getting nukes.... they don't need them. They can destroy our county from within.... through our Bush-decimated economy.... and are making moves in that direction.

The first paragraph, in "Saudi minister warns of dollar collapse" in the current issue of London's The Business Magazine, is chilling.... "The dollar could collapse if Opec officially admits considering changing the pricing of oil into alternative currencies such as the euro, the Saudi Arabian foreign minister has warned."

He didn't mean to warn.... but Prince Saud Al-Faisal's microphone was accidentally left on during a private meeting at an oil cartel conference in Riyadh.

What he said in part was... "My feeling is that the mere mention that the Opec countries are studying the issue of the dollar is itself going to have an impact that endangers the interests of the countries.... we don't want the dollar to collapse instead of doing something good for Opec."

Besides the dire warning, it's instructive to hear that The Decider's good Saudi friends interest in our well being is simply self-serving good business, not in our survival as a nation.

Opec members Iran and Venezuela are the ones pushing for oil to be denominated against a "basket of currencies."

Meanwhile, the dollar and the British pound continue to weaken. Bush's monstrous policies have led us to the precipice....

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