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(visit the link for the full news article)www.worldnetdaily.com...
Iran leads attack against U.S. dollar
Quietly waging economic war as it builds nuclear program
Posted: April 11, 2007
1:00 a.m. Eastern
By Jerome R. Corsi
© 2007 WorldNetDaily.com
While the world press has focused on Iran's plans to move ahead with enriching uranium, Tehran continues to wage economic war against the U.S. dollar behind the scenes.
Tehran has reached a decision to end all oil sales in dollars, according to statements by Iran's central bank governor, Ehrabhim Sheibany, in Kuala Lumpur at the end of last month.
Originally posted by PrepareForTheWorst
Could this be the beginning of the end?
Originally posted by Truth4hire
Commission free tip: go short on the Dollar.
Like I just said, probably around 1.50 versus EURO this summer. Real estate isn´t looking too hot either these days with Century going Chapter 11. But everything is fine and dandy according to analists so nothing to worry folks, move on...
(frantically buying Euro´s in the background)
Originally posted by DenyAllKnowledge
Didn't China do it's switch to Euros a month or two ago? If I remember correctly there was quite a bit of talk about the effect that would have on the US' slowing economy.
I also heard that the big banking companies across the world are discouraging their big clients from investing in the US due to some kind of tax or fee that has to be paid to the government. Sorry about not having the details but it was late, wine had been consumed and the banker I was talking to has a very german accent.
So, I'm not at all sure about Iran leading the "attack on the US dollar" but they seem to be following the global financial trends. Anyway, if you're going to get better value by using euros it would be economically stupid to stick to dollars. Let's face it, the dollar really hasn't been doing well for the last few years.