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

Discussion in 'Politics' started by Valox, Jan 22, 2012.

  1. Valox
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    Valox Senior Member

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    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, Iran to settle some oil trade in rupees-source | Reuters
     
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  2. Mr. H.
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    Mr. H. Diamond Member

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    Inconsequential.
     
  3. imbalance
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    imbalance Silver Member

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    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]​
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    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)
     

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