We are seven months away from a history-making event.
 

On March 20th, 2006, Iran is planning to open an International Oil Bourse (market) for the express purpose of trading oil priced exclusively in Euros. The world currently does all oil trades in US dollars, commonly referred to as the petro-dollar. Introducing an alternative currency that directly competes against the US dollar will facilitate many global economic changes.

The US, of course, stands to be the most affected. Up until now, the Americans have been able to maintain a high demand for their currency due to its role in purchasing the world's primary energy resource. This demand has allowed the US to mushroom its debt to record levels supported by the selling of US treasury bills to foreign countries. How will the US continue to operate if countries stop floating their debt and turn instead towards the Euro?

Evidence of the US acting out of concern over their dollar hegemony can be seen in the war with Iraq. In September 2000 Iraq began selling all oil exports in euros. The euro then increased in value which added much profitability to European operations. The US invaded and shortly thereafter (four months to be exact) reverted all Iraqi oil trades back to the US dollar as well as nullifying previous foreign contracts. It has been surmised that the US invaded Iraq not just to control oil reserves but also to protect its all-important petro-dollar.

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hmm, would suck if the US lost any more to the CDN dollar, its already at 1.16 CDN for 1 USD, compaired to like 1.40+ a year or two ago.

Iran will be invaded March 19th :1orglaugh

Ha. Just wait until most / all oil is traded in Euros and you can buy 2 or 3 USD for 1 Canadian. ;)

that would suck even more, my profit margin would pretty much dissapear.
I have a US acount for holding untill the days where its at least 1.20 to exchange. but with it at 1.16 yesterday I am fearing it might not come back up to 1.20

If the USD fell to even with the CDN I think you would see more and more billing in the euro.
Sucks to make more money on paper every week but with the falling USD I seem to end up with the same amount.

By that time the collapsed US economy would start to drag Canada down with it, so I think think the disparity between the currencies will be as great as you might imagine.

jesus, theres so many conspiracies about the us government I dont know which one to beleive. :p

4 more years! lol. fuckin idiots

Looks like the sky is falling again!

time to call jack bauer.

thats going to suck , I had heard thats why they wanted Saddam out because he was going to euros.

They'll have to ramp up the 'Iran has nukes' propaganda real quick if they want to get in there before March.