Oil-for-gold: Iran to dodge US ban with metal shield?
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Uploaded by RussiaToday on Jan 24, 2012
The EU has delivered on its threat to ban the import of crude oil from Iran, in response to its nuclear programme. The latest round of sanctions prohibits any new oil contracts, while allowing for existing deals to run until July. But Tehran is apparently finding ways to keep business pumping. Reports say Iran will keep supplying one of its biggest customers - India - but will get payment in gold instead of dollars.
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Very brilliant idea.... good play....
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India imports gold as well as oil and food. U.S. may stop outsourcing to India and what will they do?
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@rayndalrenfrow i wouldnt worry too much about it after all, what are they going to use to buy oil with when all their gold is gone? case in point, why didnt china and india buy oil last year using gold? do you see the problem? this is china and indias desperation attemp to buy fuel. to make matters worse the USA exports gasoline and could demand gold.
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India is not our friend
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propaganda
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@psuphs47 Iran is no threat to the US, the biggest threat to the American people is from Zionist factions in Israel and their powerful lobbyists in DC. They manipulate their influence in the capital hill to force their agenda, and get biilions of American tax payers moneyin foreign Aid, send American kids to fight their wars, and by controling the whole of media they twist and contort the truth so they could trick the public into following their plan. ie Iraq, it was only 4 Israel
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And this is the final stand of the US Dollar. Good bye United States. Research what would happen if countries stop buying oil is USD. India and China are cutting out the middleman (the US)...Classic Scarface scenario in real life.
rayndalrenfrow 2 weeks ago 10
Iran is being falsely smeared and slandered by the war criminals in DC and Tel Aviv.God Bless IRan .
390bullitt1968 1 week ago 6