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Sunday, November 18, 2007

About That Strong Dollar ...

The US has an official "strong dollar" policy, but that may be tough to maintain if OPEC pulls the Petrodollar out from under our feet like a cheap Persian carpet ...

OPEC Interested in Non-Dollar Currency- 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."

I'll post a chart of the dollar when blogger gets over its snit fit.

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