While the Broncos played this weekend there was movement on the other side of the globe that will have an impact on Weld County. According to Seyed Reza, Sajjadi, the Iranian ambassador to Moscow Russia and Iran have replaced the U.S. dollar with their national currencies in their bilateral trade agreements. This means that Iran, an oil-rich nation will be able to sell Russia their oil much more cheaply than if they use the dollar (currently the defacto internationally currency unit) in their deals.
This move will put pressure on the oil industry, and make the oil and gas within Weld County more valuable. It also illustrates the need for true energy independence in the U.S., since China and Japan have already agreed to do the same in their negotiations with Iran. This was the purpose for the establishment for the Department of Energy under the Carter administration, but they have never done their job.
At the local level, we can probably expect those "evil" oil and gas jobs to thrive. The local tax revenues will also remain high, which will make the jobs of the Weld County Commissioners and various local city officials easier. They will have more money to play with. Oh, they will constantly complain about how they never have enough, and will want more from you and me, but in an odd coincidence it seems Iran and Russia are helping our local economies more than Obama does. Drill, baby. Drill.
How about a 3-year window? If you see what I don't, let's put your vision to the test. If you're right, credit to you. Why is that so hard to understand?
Posted by: Shirley | January 10, 2012 at 06:56 PM
Shirley,
Please don't listen to me.
I provide insight only to those that have eyes to see, and ears to hear.
This is way over your head. Keep plodding along to that which you are accustomed.
Posted by: Dennis | January 10, 2012 at 06:14 PM
Brilliant. That's like me saying "The Cubs will win the World Series and the CU Buffs will win the BCS National Championship." You ask, when? I reply "someday."
Posted by: Shirley | January 10, 2012 at 09:30 AM
watch
Posted by: Dennis | January 10, 2012 at 05:04 AM
When? At some point, you need to tie standards to your absurd predictions so to hold yourself accountable. Nothing you've forecast so far has come to pass.
Posted by: Shirley | January 09, 2012 at 10:05 PM
The value of the USD will drop precipitously when it is not the global standard. This is largely due to all of our foreign debt.
http://www.wealthbuildingcourse.com/dollar-loses-reserve-currency-status.html
This would be an unrivaled economic disaster for America.
One recommendation: Buy as much/many guns, ammunition and silver as you can. As fast as you can.
This will be the end of our fiat money system.
Posted by: Dennis | January 09, 2012 at 08:58 PM