"F. George McDuffee" wrote in message
...
On Thu, 18 Oct 2007 13:20:45 -0500, "Adam Corolla"
wrote:
snip
you'll be in for an
awful shock when the petrodollar exclusivity is finally broken.
snip
Rumors, innuendo, and gossip continue to indicate that Saddam
Insane got the chop because of three no-nos.

1. He started pricing Iraq's oil in Euros, and was thus
threatening to blow that particular scam.

2. He was beating the oil futures speculators because he could
turn the oil spigot on and off, as required to make a profit
going short and long.

3. He was speculating against the US dollar, verging on economic
warfare, as an extension/expansion of his oil speculation
successes.

Note: Iran has begun to require payments in Yen from Japan, and
Euros from Europe for their oil, and China and the other large
holders of US dollars and dollar denominated securities are
forming "sovereign investment" entities, to exchange their
virtual dollar assets for equities including land, buildings and
large shares of American corporations.

Just who do these foreigners think they are, demanding that the
US redeem their IOUs? If PIK [payment in kind, where you make
the debt payments with more paper debt] is good enough for the US
banks and hedge funds it should be good enough for China and the
Arabs.


Unka' George [George McDuffee]

Exactly.