The Demise of the U.S. Petrodollar …R.I.P


Rumors are swirling that India and Iran are at the negotiating table right now, hammering out a deal to trade oil for gold. Why does that matter, you ask? Only because it strikes at the heart of both the value of the US dollar and today’s high-tension standoff with Iran.

Tehran Pushes to Ditch the US Dollar

The official line from the United States and the European Union is that Tehran must be punished for continuing its efforts to develop a nuclear weapon. The punishment: sanctions on Iran’s oil exports, which are meant to isolate Iran and depress the value of its currency to such a point that the country crumbles.
CONTINUED HERE …AT THE SOURCE

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3 responses to “The Demise of the U.S. Petrodollar …R.I.P

  1. Pingback: India to Pay Iran in REAL MONEY “GOLD” for it’s Oil to avoid U.S. Sanctions…China May Follow ( Must Read Article) « Frank's Blog

  2. Pingback: Oil-for-gold: Will Iran dodge US Sanctions with metal shield? « The Diary of a Lost Soul

  3. Pingback: Sovereigns Declare War on U.S. Dollar | 2012: What's the 'real' truth?

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