Joined Nov 11, 2007
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Tick Tock: Is It 11:59pm On the Petrodollar Clock ?

Claims have been made that our war of aggression in the middle east is in part over control of the petrodollar. After all, it was Saddam Hussein who started the notion of trading oil in Euros and other currencies over the dollar.

Qaddafi was in the process of creating a gold backed currency to trade oil and other goods specifically to avoid use of the dollar.

Iran has also sought to create a Bursa to trade oil in any currency other than the dollar.

Putting speculation aside, i remember reading and posting articles on the perils the dollar faces from developing current events; here is a summation of some of those articles.

[youtube://http://www.youtube.com/watch?v=pcqDwxAXV0k 450 300]

Full article



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