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Update April 30, 2008: Iran dumps U.S. dollar for oil trades – “Iran, OPEC’s second-largest producer, has stopped conducting oil transactions in U.S. dollars.”

In the last eight years implementing the plans for the Project for the New American Century (PNAC) designed “to promote American global leadership” has backfired.

To accomplish PNAC’s goals, all threats needed to be eliminated. From the onset, the United Sates earmarked two countries as mortal enemies: Venezuela and Iran. With Venezuela, it is well documented that the CIA attempted to overthrow the democratically elected government of Chavez. And with Iran, the United States continues to use it as a scapegoat for its failures in Iraq. These cold war tactics however are proving to be US’s undoing.

The United States is hemorrhaging from every orifice, and oil prices can be used to measure the rapidity of its demise. Read the rest of this entry »