India, Iran to settle some oil trade in rupees-source

[Valox]

Oops...Obama's foreign policy is pushing nations off the petro dollar. Lets add India and Iran to the growing list of countries who are making exclusive-US bilateral arrangements.

India and Iran have agreed to settle some of their $12 billion annual oil trade in rupees, a government source said on Friday, resorting to the restricted currency after more than a year of payment problems in the face of fresh, tougher U.S. sanctions.

India, Iran to settle some oil trade in rupees-source | Reuters

 

[Mr. H.]

Inconsequential.

 

[imbalance]

Inconsequential.

lol no

[ame=http://www.youtube.com/watch?v=Enm0CBx52g4]The SHOCKING Truth About the U.S. Dollar: What The Media Never Told You - YouTube[/ame]​

 

[Mad Scientist]

Highly consequential. Add them to Russia and China who recently started doing business in Yuan.

The more countries that stop doing business in dollars, the more of those dollars come back here and add to the massive overprinting of dollars by the Fed which will lead to inflation/hyperinflation.

THEN, standard of living will start to slip. Slowly at first I think like slowly boiling water. You won't notice until it's too late. Are you beginning to see why some people (like me) are buying gold?

We don't have a manufacturing base to recover from the dollar losing it's reserve status. We don't have a President who will do anything to help us recover. The only candidate who has the right idea to turn this around is Ron Paul and you see where he is? In 3rd or 4th place in every poll.

Mitt "ObamaCare" Romney? Newt Gingrich? Newt f*cking Gingrich? (shakes head in disbelief)