iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Iran Opens Oil Bourse Exchange: Dollar Demise Could Be at Hand

This is a serious blow to the dollar; especially if this catches on. The Iranian Oil Bourse will trade oil in many currencies.

To make matters worse Iran has the low sulfur high grade sweet crude everybody wants. Now nations that never trade with the U.S., but had to hold dollars to buy oil do not have to do so anymore.

Full article

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2 comments

  1. drummerboy

    most interesting

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  2. cronkite

    screw interesting…this could be a damaging blow to us. Guess we’ll have to do some regime change for sure.

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