Topic: Looming Collapse of U.S. Economy
- May 8, 2006 07:01am by phism
do a google news search for "iran oil bourse"
within the next two months, possibly by next week, iran is switching to euros for the oil trade. when iraq switched to euros, we went to war with them. oil is typically traded in dollars, which means other countries buy dollars to spend on oil. lots of banks and other people like to buy american dollars for their savings, because they think it will be stable and valuable, but when this happens, a lot of people will switch to euros or something else. when they stop buying dollars, we lose a significant chunk of the dollar value.
iran is the second largest oil producing country in the world. the euro is already outperforming the dollar. iran also has a big deal with china, and china, korea, and japan are working on a unified currency. basically, if all these things coincide in the right way, america's supremacy will be under heavy challenge.
i think this week i'm going to go shopping for a gun and start stockpiling emergency shit, rations, first aid, etc. i might even book a one way flight to samoa within the next year while it's still possible, just in case... yeah, i'm crazy, but it might be crazier to trust the status quo.
be prepared:
http://redcross.org/services/disaster/beprepared/foodwtr.html
