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Sanctions Force India to Pay in Gold for Iran oil, China May Follow

[color=#500050" face="arial, sans-serif]Very Very interesting development if true. Oil trading in dollars is the raison d'etre for it being the world's reserve currency and thus allowing the US to spend nearly unlimited amounts of money, a privilege no other country has.... and this is a huge chip away at it if true.[/color]

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Added: Jan-24-2012 Occurred On: Jan-24-2012
By: ttj1776
In:
Iran
Tags: Iran, Oil, India, China, gold, middle east,
Views: 1744 | Comments: 29 | Votes: 1 | Favorites: 3 | Shared: 19 | Updates: 0 | Times used in channels: 1
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