Monday, January 23, 2012

Iran, India Ink Secret Oil-for-Gold Deal

A crude wakeup call. India has become the first nation to agree to pay for Iranian oil with gold instead of dollars. The sanctions-evading arrangement, as reported here exclusively, is expected to be copied by China, and to boost the price of gold while depressing the dollar.

Meanwhile, Obama (of "the Muslim world") is desperately trying to revive pointless negotiations with oil-rich, nuclear-arming, Islamist Iran while warning Israel not to attack the monstrous mullahocracy.

Obama is also pushing inefficient and nonexistent green energy solutions while continuing to lock up the real resources that could make America energy independent--meaning, oil and gas.