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I wonder how this is working out for them?

cohodkcohodk Posts: 19,108 ✭✭✭✭✭
in Precious Metals
Iran Ends Oil Transactions In U.S. Dollars

At the time of the article, the Euro was 156. Its been down ever since. I LOVE this stuff.

How many other stories did we hear about the abandonment of the dollar over the past 2 years?
Excuses are tools of the ignorant

Knowledge is the enemy of fear

Comments

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>Iran Ends Oil Transactions In U.S. Dollars

    At the time of the article, the Euro was 156. Its been down ever since. I LOVE this stuff.

    How many other stories did we hear about the abandonment of the dollar over the past 2 years? >>



    It could still happen you chicken counterimage

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Devine justice.image
  • jmski52jmski52 Posts: 22,826 ✭✭✭✭✭
    Does this mean that Iran is getting screwed on their oil shipments now?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    Quite well I'm sure. They're just getting more euros per barrel. Their real problems arise if they don't quickly turn those euros into something else, like GOLD!

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • KUCHKUCH Posts: 1,186
    Yea, let them buy gold
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