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The most interesting aspect of this is th $280 billion they say they are going to invest...and not use USD. Iran has of course been trying to do this for more than a decade. They even have an "oil exchange" where bidding on outgoing Iranian oil can be done in other currencies. There are not takers the building is basically empty. The Russians and Chinese have done more than this amount also not in USD. I'm not what this portends as China holds a trillion more in USD in cash and bonds...and in the past they have demanded that the US maintain the value of these financial entities so they don't lose out. Yet China is willing to risk this doing this deal with Iran. Watch the currency markets if this actually happens. David _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
