Tuesday, June 17, 2008

President of Iran states the obvious

Think about the following statement and explain to me why John McCain or Barack Obama will be a good choice for president.


"I again repeat my previous proposal; we should have a basket of different international hard currencies as the basis or the member countries should come up and produce a new hard currency for petroleum contracts...they get our oil and give us a worthless piece of paper."

Iran is speaking to all of the oil producing nations and asking them to rethink accepting the US Dollar in reserve currency in exchange for oil.  For their long term interest and wealth they are beginning to see the US Dollar for what it truly is...a worthless piece of paper.

If you support John McCain or Barack Obama then explain to me how their thin economic proposals will restore not only confidence in the dollar but true, honest value.

We'll see how long this one sits at zero comments.

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