Comments on: Iran Drops The U.S. Dollar – Who Is Next? http://www.mytwodollars.com/2007/12/08/iran-drops-the-us-dollar-who-is-next/ A place to discuss money...for the rest of us. Sun, 22 Nov 2009 15:21:57 -0500 hourly 1 By: Tim http://www.mytwodollars.com/2007/12/08/iran-drops-the-us-dollar-who-is-next/comment-page-1/#comment-23838 Tim Wed, 12 Dec 2007 22:11:00 +0000 http://www.mytwodollars.com/2007/12/08/iran-drops-the-us-dollar-who-is-next/#comment-23838 Kiplinger has a nice article about dropping the dollar http://www.kiplinger.com/businessresource/forecast/archive/Time_for_a_Dollar_Turnaround_071212.html Kiplinger has a nice article about dropping the dollar

http://www.kiplinger.com/businessresource/forecast/archive/Time_for_a_Dollar_Turnaround_071212.html

]]> By: Tim http://www.mytwodollars.com/2007/12/08/iran-drops-the-us-dollar-who-is-next/comment-page-1/#comment-23779 Tim Mon, 10 Dec 2007 18:58:01 +0000 http://www.mytwodollars.com/2007/12/08/iran-drops-the-us-dollar-who-is-next/#comment-23779 with all of chavez's rhetoric, he has yet to do anything when he could have already done so. he is heavily subsidizing gas (Venezuelans pay 7cents a gallon for gas) and other social projects, yet he can't even win a referendum. with all of chavez’s rhetoric, he has yet to do anything when he could have already done so. he is heavily subsidizing gas (Venezuelans pay 7cents a gallon for gas) and other social projects, yet he can’t even win a referendum.

]]> By: boomie http://www.mytwodollars.com/2007/12/08/iran-drops-the-us-dollar-who-is-next/comment-page-1/#comment-23755 boomie Sat, 08 Dec 2007 23:01:00 +0000 http://www.mytwodollars.com/2007/12/08/iran-drops-the-us-dollar-who-is-next/#comment-23755 Iran is of no importance. China is stuck between a rock and a hard place. If they drop the dollar, we are their BIGGEST clients. China is afraid of the ramifications. Chavaz is a wise guy. Let's see what happens. Iran is of no importance. China is stuck between a rock and a hard place. If they drop the dollar, we are their BIGGEST clients. China is afraid of the ramifications.

Chavaz is a wise guy. Let’s see what happens.

]]> By: david http://www.mytwodollars.com/2007/12/08/iran-drops-the-us-dollar-who-is-next/comment-page-1/#comment-23751 david Sat, 08 Dec 2007 18:37:58 +0000 http://www.mytwodollars.com/2007/12/08/iran-drops-the-us-dollar-who-is-next/#comment-23751 However, we do import oil from Chavez, and seeing as how he is best buddies with Iran, when will they drop the dollar? However, we do import oil from Chavez, and seeing as how he is best buddies with Iran, when will they drop the dollar?

]]> By: Tim http://www.mytwodollars.com/2007/12/08/iran-drops-the-us-dollar-who-is-next/comment-page-1/#comment-23750 Tim Sat, 08 Dec 2007 18:36:32 +0000 http://www.mytwodollars.com/2007/12/08/iran-drops-the-us-dollar-who-is-next/#comment-23750 considering the u.s. trade sanctions and who iran trades with, makes a huge difference. iran dropping the dollar is of minor consequence for the u.s., especially since the u.s. does not import oil from iran anyways. moreover, it's not like the u.s. is going to sell its big ticket items like airplanes, tanks, etc to iran. as for other countries, i highly doubt the dollar will be dropped all out in favor of the euro or some other currency simply because the u.s. is the largest consuming economy. China and india increasing consumption with large u.s. currency reserves (especially china), dropping the dollar makes no sense for the major oil countries either. the euro has appreciated against the dollar, but the ec's economic fundamentals are not as good as the u.s. the near term, the u.s. dollar is taking a hit, but the u.s. still has one of the most resilient economies out there. considering the u.s. trade sanctions and who iran trades with, makes a huge difference. iran dropping the dollar is of minor consequence for the u.s., especially since the u.s. does not import oil from iran anyways. moreover, it’s not like the u.s. is going to sell its big ticket items like airplanes, tanks, etc to iran.

as for other countries, i highly doubt the dollar will be dropped all out in favor of the euro or some other currency simply because the u.s. is the largest consuming economy. China and india increasing consumption with large u.s. currency reserves (especially china), dropping the dollar makes no sense for the major oil countries either.

the euro has appreciated against the dollar, but the ec’s economic fundamentals are not as good as the u.s. the near term, the u.s. dollar is taking a hit, but the u.s. still has one of the most resilient economies out there.

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