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Originally posted by PrinceDreamer
Iraq wanted to trade for oil in gold, so did Libya and look what happened to them
If this is true this is the death bell for Iran sadly
Jan 20 (Reuters) - Iran and Russia have started using their domestic rial and rouble currencies in bilateral trade instead of the U.S. dollar, Iran's envoy to Moscow said on Friday, after the United States imposed new sanctions on the Middle East state.
"(Trade) is based on our national currencies," said Iranian ambassador to Russia Seyed Sajjadi.
"We started this work long ago. Iranian businessmen are buying products in Russia and are using the rouble as (payment) currency ... The U.S. dollar has no (economic) support base," he said speaking at a news conference.
Originally posted by 1947flxible
India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned
debka.com
(visit the link for the full news article)
India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, debkafile's intelligence and Iranian sources report exclusively.
Originally posted by Coppertone
I think the source provided by the OP got it wrong.
according to numerous reports yesterday, Iran wants india to pay it in Yen
BusinessWeek
Not usre what Iran would do with all that gold anyway. As a "wise" man once said "Gold ain't money"
An Indian delegation went to Tehran last week to discuss options and the two sides have agreed India could use its restricted rupee currency for some of the payments, a government source said on Friday.
A rupee account for Iran could be used to settle Tehran's imports from third countries, the industry source said. "It will be an extension of the rupee arrangement wherever possible," the source said on condition of anonymity.
"Iran was very accommodative," Reddy said, adding that India respected United Nations sanctions but "we don't go by sanctions imposed by regional blocks, by certain nations."
Originally posted by Mkoll
I think that this means war very soon. That is going to be hard to sell if the Iranians don't shoot first. That doesn't mean that the American war machine won't pay a price in blood to get it started, though.
Originally posted by AzureSky
Originally posted by camaro68ss
shut the front door! wow, this will change the game a bit! Now NATO is really going to bomb Iran! There not playing into the ponzi game anymore.
The economic hitmen have failed. Time to go to war. After attempted assassinations, or actual assassinations.
Originally posted by cuchullainuk777
reply to post by Mkoll
poke a stick in a bear cage sooner or later the bear will lash out thats all the pretext US needs for green light.US knows a solid pretext is required sooner or later its gonna happen
Originally posted by 1947flxible
Warning Sign of epic proportions people, gold for oil is one of the signposts to be worried about, this is the beggining of the dollar loosing its status as the world reserve currancy.