Archive for the 'Euro' Category

Iraq’s Saddam Hussein had threatened to drop using the US for oil transactions as early as in 2000 and as late as 2003.  Before he knew it, American forces invaded, eventually killing him.  A couple of random posts here and here.
Today Iran did just that:
Iran, OPEC’s second-largest producer, has stopped conducting oil transactions in U.S. […]

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Posted By: froosh | Apr 30th


“The downward spiral of the dollar is hardly new, even if its plight was accelerated by the start of the housing credit crunch over the summer. It has lost 44 per cent of its value against the euro since 2002. The Canadian dollar reached parity with its American cousin in September and has since shot […]

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Posted By: froosh | Nov 18th


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