Three Stooges declare War on US Dollar

Hugo & Imachickenhead are at it again! This time the two stooges will be linking up with other world wide stooge- Osama Bin Laden, for a reincarnation of the Three Stooges. The two new stooges will heed Bin-Laden's 2002 call for an "Oil Jihad" against the US Dollar.

From WND --

At this past weekend's OPEC summit in Saudi Arabia, Venezuelan President Hugo Chavez and Iran President Mahmoud Ahmadinejad urged members to move away from the dollar as the currency of choice for foreign-exchange reserves resulting from oil sales.

Calling the dollar a "worthless piece of paper," Ahmadinejad told the OPEC summit that a "credible hard currency" other than the dollar should be found.

Chavez, in his concluding speech at the summit, called for OPEC to use oil to fight U.S. imperialism, arguing "the empire of the dollar has to end." More....

I am far from a money guru. I leave stuff like that up to guys like Tom Blumer over at Bizzy Blog. But here is my uneducated take on this whole thing and it may be WAY off.....

First the weakening of the U.S. dollar is a direct weakening of our country. So in my mind, where our dollar stands on the world market could be considered a matter of national security.

I believe this is one of the main reasons we went to war with Iraq. I believe at the time the U.S. dollar was down to about $.85 to the Euro and declining. I am also of the thought that much of this was due to the corrupt U.N. Food for Oil program.

At the time the useless U.N. allowed Saddam to use Euro's for his purchases in the Food for Oil program, thus weakening the U.S. Dollar. The countries of France, Russia, Germany, China etc.. that were undermining and lending to the corruption of this program were also part of it by skirting sanctions.

Iran longing to become a regional superpower, is increasing its' ability to produce natural gas and has established pipelines and contracts with neighboring countries. earlier this year Iranian President Imachickenhead declared Iran would be "distancing" itself from the US dollar, citing the dollar's continued decline in value.

Currently the US dollar is down to $.67 to the Euro (Here is an exchange calculator) . More and more countries and banks are pulling away from the U.S. dollar. I posted before about how an air headed super model will no longer accept the US dollar as payment.

My feelings are Middle East enemies of the United States & China will continue trying to destabilize and decrease the value of the US dollar - it is to their benefit. I am sure Hugo, Imachikenhead & Bin Laden would love changing to a combination of Euros and possibly the Gold standard while trying to reduce our dollar to pennies.

Can the stooges do it? I don't know, but it is not something that should be taken lightly!