The Iranian Oil Bourse: A Bourse with No Basis [View article]
The OPEC oil producers missed a great opportunity to sidestep the entire fiat currency regime and deal in gold. They could have (and still could) institute a cutting edge high tech bourse that trades in "real" money...gold AND other PMs. It's not that the US Dollar deserves great respect...it's that all the pretenders are much worse. Iran and Russia can't rid the world of anything..a true bourse is based on reliability and a long standing legal system that supports contracts and obligations..since when hs either of those two countries had either?
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The OPEC oil producers missed a great opportunity to sidestep the entire fiat currency regime and deal in gold. They could have (and still could) institute a cutting edge high tech bourse that trades in "real" money...gold AND other PMs. It's not that the US Dollar deserves great respect...it's that all the pretenders are much worse.
Feb 19 20:16 pm
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All Comments by Greg Pinelli »The Iranian Oil Bourse: A Bourse with No Basis [View article]
Iran and Russia can't rid the world of anything..a true bourse is based on reliability and a long standing legal system that supports contracts and obligations..since when hs either of those two countries had either?