Metafilter: The Sinking PetroDollar - abandon ship!

Perhaps Saddam's idea of Oil-for-Food in Euros was another reason for the war. And putting pressure on Saudi Arabia was not so much about throttling the terrorist's funding, more about pressure on OPEC to keep the dollar.

Still the words used in this Venezuela article, even if it's a tabloid cheap shot are 'fighting talk.' Re: OPEC (and Iran) switching to Euros, "the immediate effect would be a massive devaluation, perhaps sparking of domino-effect devaluations worldwide in US$-related foreign reserves and foreign debt calculations."

Will Isreal pull the US into a Middle East war, a war over the petrodollar?

Will bin Laden's threat to bankrupt the US come true?

Tune in next week ";->"

The Russian Sunburn anti ship cruise missile. Now in the possession of Iran.