Petro Euro Vs Petro Dollar and US hegemony on world trade.
Economist is not a magazine that I look forward to when I have a choice to read. But I do get impressed when economics is made simple. One such article 'Petro Dollar and US currency 'made 'currency circulation ' a 'simplistic matter'' This was sent by Girish Deshpande in 'पुलकित' forum - yahoo group dedicated to पु.ल.देशपांडे fan club. Wonder how पु.ल.'s reaction would have been to this article in his fanclub. IRAN HAS REALLY DONE IT...more deadlier than the nuclear.. The Voice (issue 264 -) ran an article beginning, ' Iran has really gone and done it now. No, they haven't sent their first nuclear sub in to the Persian Gulf . They are about to launch something much more deadly -- next week the Iran Bourse will open to trade oil, not n dollars but in Euros' This apparently insignificant event has consequences far greater for the US people, indeed all for us all, than is imaginable. Currently almost all oil buying and selling is ...