The Euro and Iran…

…Some rumours picked up at a party connected to the “Road to Guantanamo Bay” movie. What if in about one month’s time Iran shifts its petrodollar reserves into euros? If the world’s fourth largest oil producer and trader switches currencies who will follow suit? The dollar’s credibility as a reserve currency would be seriously damaged. This ties in with rumours picked up in Amsterdam a month ago. The Pentagon is probably already planning for war with Iran. This would be an escalation way beyond even Vietnam. Watch the euro on the foreign exchange markets.


About Leighton Cooke

The Original Cookiemouse
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