IRAN REJECTS DOMINANCE OF THE US DOLLAR
In March, an international oil exchange
was opened in Iran, with trading taking place using Euros. This move has set a
precedent: in modern history oil has been quoted exclusively in dollars.
Alarmists and anti-globalists from all
countries have rushed to describe this as yet another sentence against the
hegemony of the dollar and the USA.
But it could be dangerous to Iran itself.
It is logical to assume that with the slightest danger to the American financial
world order, the White House will put an end to the Iranian experiment in
trading oil for euros, with the use of winged missiles and Abrams tanks.
Another example of a revolt against the
oil dollar took place in Iraq. Two years before the US invasion of Iraq, Saddam
Hussein switched from the dollar to the euro. This was one of the reasons for
the aggression of American forces against this country.
CHAVEZ THREATENS TO CUT OIL
Venezuelan President Hugo Chavez is
backing Iran’s nuclear policy, and has warned he could cut off oil exports to
the United States if Washington goes “over the line” in what he has said are
attempts to destabilize his left-leaning government.
SYRIA SWITCHES TO EURO
Syria has switched all of the state’s
foreign currency transactions to euros from dollars because of political
confrontations with the United States.
The Syrian government said the decision is
to protect its export, import and services payments, and to protect the national
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