Despite what the president may say when the Day of Reckoning finally arrives, he is ultimately responsible for what is likely to take place. Unbeknownst to most Americans and despite the fact that inflation at the grocery store and at the gas pump is beginning to take its toll, the simple fact that the dollar is the global reserve currency has protected U.S. citizens from the kind of commodity price increases that set off the Arab Spring in Tunisia. But things are beginning to change rapidly. Iran is moving ahead with its plan to trade oil in other currencies besides the dollar on March 20, 2013: Last week, the Tehran Times noted that the Iranian oil bourse will start trading oil in currencies other than the dollar from March 20. This long-planned move is part of President Mahmoud Ahmadinejad's vision of economic war with the west. "The dispute over Iran's nuclear programme is nothing more than a convenient excuse for the US to use threats to protect the 'reserve currency'....
(Read Full Article)
COMMENTS ON AMERICANTHINKER