In what would be a horrible situation for the US and our monetary system, yet the two countries who are bringing it up are doing so for more than monetary reasons. As long as it remains just Iran and Venezuela that really should not create the hype that this has to drive oil prices up. Many forget that prior to the war in Iraq Saddam Hussein changed the monetary unit for oil to the euro, as soon as the US took control of that nation it was switched back to the dollar.
No comments:
Post a Comment