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I've long been convinced that the real threat Iraq and Iran pose is to the hegemony of the dollar. See: http://en.wikipedia.org/wiki/Iranian_Oil_Bourse Now read this, but skip all the 'whereas'es and read what it specifically calls for: http://www.govtrack.us/congress/billtext.xpd?bill=hc110...
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This is a new intiative by the FED: "These arrangements will now provide dollars in amounts of up to $30 billion and $6 billion to the ECB and the SNB respectively," the Fed said, extending the term of these swap lines through Sept. 30. Can someone elaborate on this for me? Will this make a...