Something is telling me that Iranian President Ahamdinejad maybe planning to exploit our “peaceful” transition of power and most likely the weakness of Dear Leader Elect Obama.
From The Astute Blogger:
Iranian newspapers are quoting a top adviser to President Mahmoud Ahmadinejad as saying the country has converted some of its foreign currency reserves into gold.
The papers published Saturday did not say how much of Iran’s estimated $120 billion in reserves were converted into gold. Iranian officials could not immediately be reached for comment.
The daily Jahan-e-Eghtesad, or Economy World, quoted presidential adviser Mojtaba Hashemi Samareh as saying Ahmadinejad ordered the change.
The decision comes after a dramatic fall in oil prices recently triggered by a global financial crisis. About 80 percent of Iran’s foreign currency revenue comes from oil exports.
This could be seen as sign of a imminent attack against the West. Either way, I trust Ahmadinejad and Obama about as far as I can throw Oprah in her fat years. Granted this is just speculation, it may not be an act of aggresion by Iran, it may simply be the bottom falling out on the dollar, but we must not let anything get by us where Iran is concerned.