Buying crude oil with gold

Iran is selling oil for gold. Is this a trend that the USA will not allow for very long?

http://www.presstv.com/detail/222857.html

Seems like a pretty dumb thing to do with the impending collapse of the gold bubble.

Originally posted by KazetNagorra
Seems like a pretty dumb thing to do with the impending collapse of the gold bubble.

Originally posted by KazetNagorra
Seems like a pretty dumb thing to do with the impending collapse of the gold bubble.

Look for Ahmadinejad to be flashing gold-plated grins on a television near you very soon.

Originally posted by Soothfast
There will always be future gold bubbles.

Originally posted by no1marauder
Think how cool those solid gold nuclear missiles are going to look!

Originally posted by Sleepyguy
They'll be awfully heavy, but as long as they can make it to Tel Aviv I reckon the Mullah's will still be pleased.

Originally posted by Soothfast
No apostrophe for the plural, Grammar Man.

So, shouldn't this be bigger news? Isn't the US dollar's status as "reserve currency" largely due to the fact that oil trades have been denominated in dollars since the 1970's?

Doesn't this monopoly result in an inflated demand for our dollar that translates into our ability to continue borrowing 40 cents out of every dollar we spend year after year?

Seems like this should be a bigger news.

Originally posted by Sleepyguy
So, shouldn't this be bigger news? Isn't the US dollar's status as "reserve currency" largely due to the fact that oil trades have been denominated in dollars since the 1970's?

Doesn't this monopoly result in an inflated demand for our dollar that translates into our ability to continue borrowing 40 cents out of every dollar we spend year after year?

Seems like this should be a bigger news.

Originally posted by no1marauder
Think how cool those solid gold nuclear missiles are going to look!

Originally posted by Sleepyguy
So, shouldn't this be bigger news? Isn't the US dollar's status as "reserve currency" largely due to the fact that oil trades have been denominated in dollars since the 1970's?

Doesn't this monopoly result in an inflated demand for our dollar that translates into our ability to continue borrowing 40 cents out of every dollar we spend year after year?

Seems like this should be a bigger news.

Originally posted by Metal Brain
Iran is selling oil for gold. Is this a trend that the USA will not allow for very long?

http://www.presstv.com/detail/222857.html

Originally posted by Metal Brain
Finally, someone gets it!

http://www.lewrockwell.com/paul/paul303.html

Have you read Ron Paul's "The End of the Dollar Hegemony"? Is that why you are the only one on this forum that gets it?