Where are you mainstream media?

A goody buddy aluded to a little article furnished via DRUDGE. Seems like there maybe a new currency on the block...

"The move will give the hyper-rich club of oil exporters a petro-currency of their own, greatly increasing their influence in the global exchange and capital markets and potentially displacing the US dollar as the pricing currency for oil contracts. Between them they amount to regional superpower with a GDP of $1.2 trillion (£739bn), some 40pc of the world’s proven oil reserves, and financial clout equal to that of China."

Well...that doesn't sound too promising, does it? Although I'm sure its impossible to accurately predict exactly what this will do to the American dollar, it does seem like it might be an issue, should it come to pass. Not that you would think so by the ENORMOUS amount of coverage that MSNBC, Fox, or CNN are giving it. And although the new "currency" might be a tad unstable for the near future, it sends a huge message that America is no longer a necessary part of the oil equation.

I guess it would be an opportunity for the good ol' USA to pull back some of our wayward currency and dispose of it before it floats unattended losing value...but somehow I just don't think that would happen. There's so much better stuff we could do with it, like buy votes!