Thursday, April 29, 2010

Iran messing with the Dollar in America's backyard?

http://www.bloomberg.com/apps/news?pid=20601086&sid=aG07q_JnRmmY

U.S officials flying to Ecuador to talk in person about....Iran? Interesting story for several reasons. First, Ecuador uses the dollar and is currently lead by a socialist leaning, American trained President Correa. President Correa who studied economics in the U.S. and Belgium has had trouble keeping his country from avoiding the type of meltdown happening nearby in Hugo Chavez's Venezuela which is why 40 million cash deposit from Iran is so interesting. That and the fact Iran has also been increasing its presence through out the region and that Iran is one of the primary manufacturers of high-quality counterfeit U.S dollars.





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