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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Webster Groves who wrote (66633)7/14/2007 12:39:20 PM
From: skinowski  Read Replies (4) of 116555
 
My point is that if Iran wants to generate pressure on the dollar, it makes no difference what currency the buyer uses. Dollars - or whatever - can be exchanged instantly into any other currency any place along the transaction. Any financial entity can sell the dollars instantly - and pay the seller whatever currency they want. That's why I think there is more political showmanship in this, rather than business.
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