The Mudcat Café TM
Thread #100310   Message #2012876
Posted By: Stringsinger
31-Mar-07 - 05:50 PM
Thread Name: BS: Hang on - Iran refuses U.S. currency
Subject: RE: BS: Hang on - Iran refuses U.S. currency
Petroeuros scare the hell out of K street, Bushies and Washington. This fuels the invasion rhetoric.

If the US invades Iran, watch oil prices go through the roof.

China just someday might go with petroeuros instead of dollars. So might Central and South American countries.

The dollar is getting weaker every day we are beholden to the foreign countries that own US now. We export less finished goods than we ever have. We have little GDP economic base.We import so much now that we have no incentive to produce American goods. WTO has robbed our country of any home-grown products and as the American working class and the middle class goes belly up, we can expect a major downturn in American standard of living, more debts incurred through sub-prime borrowing of which will be defaulted, and the dollar less valuable on the world market. There are many countries in the world that wouldn't be unhappy to see this happen.

Frank Hamilton