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May 24, 2006: Iran will open an oil
bourse in a week or two, where it will sell oil in Euros. Venezuela
and Bolivia have already done so. Russia will open one July 1. It
appears that the great American dollar which has been propped up by
being the reserve currency of the world and the only currency used
to buy oil will soon lose about 40% of its value. You may thank Der
Leader for not only screwing up the economy but pissing off enough
of the people around the world that they will group together and
show Bush that his arrogance and shock and awe doesn't play well
with oil producers. |