War, What Is it Good For?

Iraq to Deal Oil in Euros

By Digby

You may remember that among the million and one reasons why we may have "really" gone into Iraq was this one, embraced mostly by alleged conspiracy theorists and silly leftists who thought that the invasion might have something to do with oil and the dollar: Continue http://www.informationclearinghouse.info/article23679.htm

What Not Being Able To Buy Oil In Dollars Means

By Ian Welsh

The US can’t live on weapon sales alone. In most other fields, including telecom, the internet, large chunks of biotech, renewable energy, ground transportation and so on the US now lags other modern economies. Continue http://www.informationclearinghouse.info/article23680.htm

All talk. There are too too many USDs out there to go off using them as the world's reserve currency. Fear not, ye doubters and gold bugs. The dollar may sag, the dollar may lose value against the Euro (but not the pound), but it is far from passe.