Iran drops U.S. dollar - another U.S. aircraft carrier pulls into the Persian Gulf today as well.. (Iraq, Israel)

[Blue Grass Fever]

BOMBS AWAY!!!!............

Iran Ends Oil Transactions In U.S. Dollars, OPEC's Second-Largest Producer Now Pegs Petroleum To Euros And Yen - CBS News
Iran dumps U.S. dollars in oil transactions_English_Xinhua


Aircraft story- "Hostile" Iran Sparks U.S. Attack Plan, Pentagon Wary Of Tehran's Expanding Nuclear Program And Support Of Iraqi Insurgents - CBS News

Don't pay your taxes, IRS will do a 'psychological' raid and arrest on you..don't 'worship' the American dollar, the U.S. Gov't/Military will bomb you!!

[Yeledaf]

This is not a good time to invest in condos in Teheran.

[movin'on]

Oh brother, here we go. We are sooooooooooo screwed. Right before we invaded Iraq there was talk of the same - dropping the dollar in favor of the bourse. This should be interesting.

[chielgirl]

The dollar has lost over 20% against the yen in the past year; about the same with the Euro; over 25% with the Thai baht.

What does the US expect?

[movin'on]

Originally Posted by chielgirl

The dollar has lost over 20% against the yen in the past year; about the same with the Euro; over 25% with the Thai baht.

What does the US expect?

Yes, agreed. But this means we'll attack Iran now.

[KevK]

I am actually surprised that all the OPEC nations have not switched to a more stable currency than the US dollar. They are holding dollars that get less and less valuable everyday against other currency.

[Yeledaf]

A little list for those ignorant of currency exchange fluctuations.

This is the dollar-to-yen range from fourteen years ago....

1994-02-01 106.30
1994-03-01 105.10
1994-04-01 103.48
1994-05-01 103.75
1994-06-01 102.53
1994-07-01 98.45
1994-08-01 99.94
1994-09-01 98.77
1994-10-01 98.35
1994-11-01 98.04
1994-12-01 100.18
1995-01-01 99.77
1995-02-01 98.24
1995-03-01 90.52
1995-04-01 83.69
1995-05-01 85.11
1995-06-01 84.64
1995-07-01 87.40
1995-08-01 94.74

Eighty-three sixty-nine, baby. I remember. I was there .

[HappyTexan]

We need one more thing..for someone high in the government to say that Iran has "Weapons of Mass Destruction". THEN we'll invade.

[movin'on]

Originally Posted by HappyTexan

We need one more thing..for someone high in the government to say that Iran has "Weapons of Mass Destruction". THEN we'll invade.

I think they played that card a bit too much - sort of like the 2nd Al Qaeda got got killed OVER AND OVER.

I think the latest angle is that Iran is supplying weapons to Iraq that are killing American troops.

Or, Israel could always launch a preemptive strike in which case we'll step in.

Fallon made sure that 2nd carrier did not go to the gulf and now he's out of the way.

At any rate, this is huge.

[Blue Grass Fever]

Here is another link to the story - Crude jolt for US as Iran scraps oil trade in dollar- Indicators-Economy-News-The Economic Times

Interesting story developing....