yogiudo

Gulf Countries Urged to Switch Currency Peg from Dollar to a Basket With Oil

It is a nice idea - however it will upset the worlds largest super power if you "peg" them out.

And as history has shown - super powers get angry and blow stuff up occassionally.

So they might outpeg the dollar and this could cause them to get pegged with a minuteman missile.

Or maybe they will go full tilt w/ the worlds flour & corn.
I heard people in Haiti are eating sand and OIL mixture..

Ask Norm Chomsky.

My feeling is that they don't have that option unless they can back it up.