Comment: Our oil-backed FRN is the global currency; but Iran's being mean

(See in situ)

In reply to comment: We are about to have a global (see in situ)

Our oil-backed FRN is the global currency; but Iran's being mean

The oil-backed FRN is the global currency; but Iran's being mean by trading oil in other currencies, thus helping spark a currency war that will leave more casualties than World War I and II through starvation and privation.

Why? Oh, I don't know... something about a hyperinflationary blowout as the Fed's monetarist emissions have nowhere to flow except onto Main street, forcing prices through the roof, so that even a month's worth of Food Stamps won't buy a single strawberry.

I guess future Sec. of State John Bolton is correct: We'll have to implement the world's first Drone-backed currency, and bomb the hell out of anyone who refuses to trade with it.

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"