Showing posts with label opec. Show all posts
Showing posts with label opec. Show all posts

November 18, 2007

Iran nukes the US dollar at OPEC meeting


Cheney isn't gonna like this one!

Meanwhile, Ahmadinejad has a point - the US is taking the oil, and leaving behind little green IOUs. At one point, the suckers wake up.

This is gonna get ugly.


Ahmadinejad: OPEC Members Interested in Converting Cash Reserves Into Non-Dollar Currency


RIYADH, Saudi Arabia (AP) -- Iranian President Mahmoud Ahmadinejad said Sunday that OPEC's members have expressed interest in converting their cash reserves into a currency other than the depreciating U.S. dollar, which he called a "worthless piece of paper."

"They get our oil and give us a worthless piece of paper," Ahmadinejad told reporters after the close of the summit in the Saudi capital of Riyadh. He blamed U.S. President George W. Bush's policies for the decline of the dollar and its negative effect on other countries.

"All participating leaders showed an interest in changing their hard currency reserves to a credible hard currency," Ahmadinejad said. "Some said producing countries should designate a single hard currency aside from the U.S. dollar ... to form the basis of our oil trade."