India to drop US buck in Iran oil dealing [Archive] - The Project Avalon Community Forum

irishspirit

3rd January 2011, 12:49

India may drop the US dollar as payment for oil from Iran. The replacement would be the Japanese yen and the Emirates dirham.

According to London’s Asharq Al-Awsat, the switch could help India avoid American retaliation for dealing with the Iranians.

Iran is under international sanctions for refusing to come clean on the nature of its nuclear energy programme. The United States has unilaterally imposed some extra sancti

http://english.ruvr.ru/2011/01/01/38523281.html

Lost Soul

4th January 2011, 13:59

First the Chinese and Russians agree that the Chinese will not pay Russia in US dollars for Russian Oil.
Now the Indians are paying the Iranians in currency other than the dollar (or Iran is refusing to accept any more dollars).

As other nations join in the move away from the dollars, our dollars will start returning home. There could be a rush to dump the dollar. Hyper-inflation can visit us thanks to the Federal Reserve. Go to http://inflation.us for more reading on how to prepare yourself.