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God desires that ALL people would accept God's love and salvation through Jesus Christ. God has compelled me to share information with the world relating to the biblical seven year tribulation in order to share Truth in a deceived world.

In the beginning was the Word, and the Word was with God, and the Word was God. He was with God in the beginning. Through Him all things were made; without Him nothing was made that has been made. In Him was life, and that life was the light of men. The light shines in the darkness, but the darkness has not understood it. (John 1:1-5)

Jesus answered, "I AM the way and the truth and the life. No one comes to the Father except through me." (John 14:6)

Wednesday, April 30, 2008

Iran stops conducting oil transactions in US dollars - Israel News, Ynetnews

Iran stops conducting oil transactions in US dollars - Israel News, Ynetnews
A top Oil Ministry official says Iran, OPEC's second-largest producer, has completely stopped conducting all its oil transactions in US dollars.

Iran has dramatically reduced dependence on the dollar over the past year in the face of increasing US pressure on its financial system and the fall in the value of the American currency. Oil is priced in US dollars on the world market and the currency's depreciation has concerned producers because it has contributed to rising crude prices and eroded the value of their dollar reserves.

Blogger's note: If other large oil producers follow suit and trade in currencies other than U.S. dollars, the dollar will be in much more trouble than it is now.

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