Russell H. Kelley via Scott Freeman No World Order | THE - TopicsExpress

Russell H. Kelley via Scott Freeman No World Order | THE POPULIST On March 20th, Iran’s Oil Bourse will stop accepting US dollars on all oil trades. Instead the Iranian exchange will accept a basket of currencies including the yuan, yen, rupee, and euro. This will finally end the “petrodollar monopoly”. Oil is the world’s number one commodity, and oil is priced exclusively in US dollars. Everyone has to sell foreign currencies, and buy dollars, in order to purchase oil. This guarantees the dollar’s place as the world’s reserve currency. Understand what the petrodollar monopoly means: The world has to buy our money. Without it, we cannot finance our massive deficits. We cannot wage our wars. And we cannot avoid the consequences of our dysfunctional economy. Iran’s refusal to conduct their oil trade in dollars poses the most serious threat to US hegemony since World War II. If we go to war with Iran this Spring, know this: We are not going to war over Iran’s nuclear program. We are going to war to save the dollar. CONTINUED: thepopulist.net/2012/03/17/no-world-order-2/

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