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.



Filed under Uncategorized

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?

Tell me your thoughts and I will respond!

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s