Tuesday, February 28, 2012

Iran begins taking payments for oil in physical gold

It's now official.  Iran is accepting gold as payment for oil sales instead of US dollars.  The gauntlet has now been thrown in the face of both Europe and the US, who have little choice but to prepare for war since their currencies and economies are declining fast.

Gradually it appears this is increasingly the case following a just released Reuters report that "Iran will take payment from its trading partners in gold instead of dollars, the Iranian state news agency IRNA quoted the central bank governor as saying on Tuesday." - Zerohedge

In 2003, Iraq made this same play where they stopped accepting dollars for oil sales, and it lead to the provarication by the West that they had WMD's.  Similar to Iran's nuclear program, which Israel has said does NOT contain nuclear weapons at this time, the act of removing sales from the petro-dollar will bring much more angst to the US than Iran becoming a nuclar country.

Americans can now be prepared for lies and excuses by Washington to go to war, as we are now already at war with Iran, but economically, nor militarily.

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