Good Friday or Bad Friday

I prefer the first option actually, but my fear is that we may get something else. The Russians have announced that the US intends to attack Iran on April 6, 2007. That of course is Good Friday, but if they attack, it will be remembered as Bad Friday.

I remember back before we invaded Iraq. The administration was bad-mouthing Hussein and his regime. Making all kinds of wild claims about Al Qaeda support and weapons of mass destruction, but the real story went unnoticed. The real story was that Hussein had announced that Iraq was planning on accepting payment for their oil in something other than dollars. This pretty well went unreported in the mainstream media, but this was a big deal.

You see, if the oil producing countries stop accepting payment in dollars, then the value of the dollar drops. Exports are no longer cheap and the US economy suffers as a result. The US can no longer sell bonds cheaply on the world markets and we find ourselves unable to finance our extravagant standard of living.

So the invasion of Iraq was two-fold. Gain control of resources (oil) and put a stop to an oil bourse that accepts any other currency except dollars.

Now we read that Iran is requiring payment in currencies other than dollars. Most recently they have asked Japan to switch out of dollars. Thus Iran has fired the first shot in the coming conflict and I bet most people did not even read the story because no one in this country reported it.

The Bush administration is now desperate. You see if the major oil producers stop accepting dollars, then dollars will drop and the price of gasoline will continue to rise. Voters will take their anger out on the current administration. This does not bode well for the Republicans in 2008.

The cards have been dealt and Iran has just raised the bet. The US now must either call or fold. Which choice do you think Bush will pick? He doesn’t seem to be the folding kind of guy to me.