“Mahmoud Ahmadinejad, the Iranian president, has called on Opec members to stop pricing oil in ‘worthless’ US dollars. … The fall in the value of the dollar has weakened the purchasing power of Opec members and helped push oil prices to nearly $100 a barrel. … Opec’s summit in Riyadh ended on Sunday with leaders divided over whether to dump the dollar as a currency to price and sell oil. Both Iran and Venezuela have proposed trading oil in a basket of currencies to replace the falling dollar, but a final statement from Opec after the meeting did not include any reference to the weakening dollar.” [editor’s note: Our would-be masters inform us that Ahmadinejad is insane … but apparently not quite so insane as those who continue to rely on the Federal Reserve to field a credible currency - TLK] (11/19/07)