"TEHRAN, May 15 (UPI) -- Iranian President Mahmoud Ahmadinejad announced Friday that in July Iran will abandon dollar payments for its oil and natural gas exports in favor of euros.
. . .
"Some observers speculate that the Iranian switch to euros could negatively affect the dollar, as many central banks from oil importing nations could choose to stock up their currency reserves with euros rather than dollars."
Yes, folks, the same thing happened in Iraq just before the US invasion. Well, this time Bush doesn't have the wherewithal to invade. It looks like the dollar really is going to tank this time, and there's nothing we can do about it.
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