Iran's "nuclear" program is as scary as N. Korean one. We could care less about "relationship" with Iran. It was up to Iran. Stop acting up and you get few perks. Something your president should have learned too. But he is a narcissistic midget.

LOL. No need to now. The United States no longer needs their oil. We produce our own, and a lot of it. Oil is down to $30 a barrel, down from what - $120 a barrel?

And Iran is giving $6.00 discount for those buying their oil right now. :1orglaugh Desporados.

War III
 

So what happened, to my only worry, was Russia & total thermonuclear destruction?

Iran
Iraq
ISIS

I can't even keep my score card up to date.

So next week, the news is going to tell me how great our buddy Castro is and has been.

A few months before the "preparing the people" type propaganda starts....

Then they'll discover Iran actually has Nuclear Weapons and is suddenly enemy number one all over again....

Then boom KABOOM

Anyway, who said they're going to sell in euros? Where's the proof?

It's not a matter of needing oil or not, its about holding up the reserve currency status by protecting the "petrodollar":

World War III: the unthinkable cost of preserving the petrodollar | CrisisHQ.com

"The petrodollar paradigm is saving the dollar from crashing by accomplishing two things. First, it creates a mandatory international demand for the Federal Reserve paper, preventing dollar inflation from going into hyperinflation. Second, the oil profits from OPEC pay for a portion of our ever expanding national debt, helping perpetuate a giant Ponzi scheme in the U.S. treasury market. Those who control the United States understand that even if only a few countries begin to sell their oil in another currency it will set off a chain reaction and the dollar will collapse. They understand that there’s absolutely nothing else holding up the value of the dollar at this point, and so does the rest of the world."

So to stop trading oil in US dollars, is like cooking a beautiful cake with icing (which happens to be laced with Kryptonite) and making Superman eat it... he wont come back into the bar and complain someone else is sitting on his favourite seat, he'll go find some other place to sit down:

Fish and Chips ? :1orglaugh

The US has been beating up the dollar for years. It would solve everything if we were no longer the reserve currency. Don't get too excited about inflation, we want it or at least our govt. does.

It's not about oil. It's about dollar. Do you remember what happened to Khadafy and why? Here you go: Gadhafi's Gold-money Plan Would Have Devastated Dollar

The real power of the USA is not in its overpriced and completely useless army, not in its people and not in its industry. The real power of the USA is in almighty dollar. If dollar will be replaced by other currencies/gold/whatever, the USA will turn into a regular 3rd world country - you just won't be able to spend 10x times more than you produce, like you are used to. That's why it's extremely important to keep it as a would-wide currency.

[Edit] I've just read other replies to your post in this tread. Seems the guys have already explained it very well here.

more and more countries develop nuclear weapons as a panacea.
even scary to imagine if the nuclear race will begin in the Middle East.

I don't think you read the article or understood. The Fed has a 2% inflation target and privately some say they want to achieve 4% - its okay because some inflation is definitely desirable. However, the world is in deflation right now which is why all commodities have collapsed, so there is no inflation no matter how hard they try (a strong dollar doesn't help)... remember how many years of QE?

Anyhow, four percent is nothing. If the dollar lost its petrodollar status, that's where inflation "can" run out of control and become hyperinflation as the article explained...

The USA is moving (and adjusting) into a post-industrial society where the petro-economy is of much less importance. For that reason the ''petrodollar'' much less relevant. But thank you for your concern :upsidedow

Look at it this way: The sky is always falling and smart people are making money anyway :2 cents:

It's very relevant as is the selling of US debt by many holders around the world. The Petrodollar is one of the pillars of US power, if you suddenly pull it away and there is nothing else to replace is then you can have issues. I don't believe it will go away so easily though, such things can take a very long time unless you have a major crisis....

Still, I do pretty much agree with Berwick on the overall trend and especially lack of overall awareness about whats happening:

Dollar is provided by work of 350 million people in the US - not oil :1orglaugh
but always a lot of disgruntled envious
http://static1.1.sqspcdn.com/static/...u+fuckers..jpg

The Iranians will not accept 'satan dollars' from the USA.
That should be obvious.

Everyone else in Dollars is sitting pretty today.

Economic advise from youtube :1orglaugh

Actually, more and more is revenue coming from global profits :2 cents: We are selling information products and ecommerce. The new money is not being made by Caterpillar, Boeing or other capital goods producers like in the last century. USA companies like Google, Apple, Microsoft and even Uber are leading this changing economy. All of the pissing and moaning here in the USA: ''Where are our jobs!'' is the result of the US worker's inability to adapt to changing vocational and education requirements of this new post-industrial economy. In a generation people in the USA will adapt (or die off).

We Americans whine a lot but have it relatively easy compared to the rest of the world :winkwink:

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

http://i.imgur.com/bY1nXt7.jpg

Your clueless man.... the dollar is only strong because everything else looks worse and because of the expectation of interest rates rising to a "positive real interest rate". That means interest rates above the rate of inflation which will never happen.

Once it becomes clear that its not going to happen, we'll see some dollar weakness...

For those who wake up daily to check the "collapse" of dollar. Hope this helps.

http://3.bp.blogspot.com/-tT8NYSVwpx...d+reserves.png

And who the fuck is this guy? Sounds as reputable as cyberseo on Saturday night

Jeff Berwick - Wikipedia, the free encyclopedia

Yes thanks, it helps to prove you're a trailer dwelling sheeple who believes anything he reads and probably has half a brain. There may well be a large US holding but a large part of that is what was looted from private holdings during the 1930's

Roosevelt's gold confiscation: could it happen again? - Telegraph

As for the US total, there are serious doubts recently about whether all the gold is there:

US Government Lost 7 Fort Knox Gold Audit Reports

Hardly the surprising the mainstream is keeping quiet but it wasn't BS afterall:

Iran Says No Thanks To Dollars; Demands Euro Payment For Oil Sales | Zero Hedge

"This comes at a time when the petrodollar is under tremendous pressure. Russia and China are already settling oil sales in yuan and "lower for longer" crude has broken the virtuous circle whereby producing countries were net exporters of capital, recycling their USD proceeds into USD assets thus underwriting decades of dollar dominance."

stop reading zero hedge. that shit is pure delusion and intellectual poison.

Another protegee of cyberseo.. :1orglaugh:1orglaugh:1orglaugh:1orglaugh

bullionstar.com <- :1orglaugh:1orglaugh

sweet dreams, child. sweet dreams. :1orglaugh