[rineaux]

Iran started this earlier in the year by demanding Japan pay for their oil in yen, which the Nipponese were very happy to do.

Saudi will not make a move with the dollar for the sake of W and the sale of some 20 billion in military equipment. Once the sale is over and the ink is dry, well...

Get ready for the peso to catch up to the dollar.

[Eagles Talon IV]

It’s all media hype. The dollar cannot collapse without the entire world economy collapsing along wit it. That is a fact and it is irrefutable.

[Wuli]

“Saudi will not make a move with the dollar for the sake of W and the sale of some 20 billion in military equipment. Once the sale is over and the ink is dry, well...”

Sorry, the Saudis nor the Gulf States would do it; they are not about to watch their own dollar-denominated-investments (much much bigger than their T-bills) made less valuable by deliberately undermining the currency those investments are denominated in.

If they do ANY such move, it will be very gradual, and the Feds reaction (money supply) will be corresondingly, to mute the affects for everyones benefit.