One of the "benefits" of being out sick is that it give me time to surf around for stuff. (Of course, the next paycheck is going to royally suck, but them's the breaks.)
Which brings me to the Lawson Review. The top post (at least today) mentions that Iran has opened a commodity exchange (oil, gas, petrochemicals) on the island of Kish. The currencies used in the Kish Bourse are the Euro and the Yen. Not the dollar.
Think about that for a minute. Today, and for the last several decades, the currency used on the oil markets has been the dollar. So if the dollar weakens or strengthens, there may be little direct effect on the price of oil for the US. That will not be true if the oil markets shift to another currency. And it is certainly not good news for the American oil companies if they have to buy oil with weak dollars.
I don't know if the existence of the Kish Bourse is one of the reasons that Stupie Mcfuckwit is so eager to see if he can be the first president to start and lose three wars. But given how every rationalization for the Iraq War proved to be a line (including the words "and" and "the"), this is worth considering.
And if Chimperor Disgustus does start a war with Iran and the Kish Bourse is flattened by a few bombs, then we'll have confirmation.
(Thanks to Main & Central)
Friday, October 26, 2007
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