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08:25 PM
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Saudi Arabia Threatens To Drop Dollar For Oil Trades
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[quote:Anonymous Coward 75430122:MV80MDEzMDYxXzcyNjU3NDg4Xzk2RTRCQURD] This is how SA gets the US to do its bidding. Now of course there are limits to their power over the US. You'll know those limits have been breached when you start seeing a lot of negative press about SA. Then you'll know that the US has decided to make another failed state. So SA will use their power without overplaying their hand. The petrodollar will remain their trade currency and the US will be Saudi's pit bull. [/quote]
Original Message
Saudi Arabia has threatened the United States to stop using dollars for its oil trades in an attempt to discourage legislators from passing a bill dubbed NOPEC aimed at holding OPEC liable for cartel practices under U.S. law.
[
link to finance.yahoo.com (secure)
]
The US petro $ not looking so good.
Maybe the Fed should you stop quantitative easing. Just maybe.
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