Iran Is Celebrating the New Year by Ditching the Dollar ... March 20th is a holiday in Iran. It is called NOWRUZ and it's the equivalent of New Year's Day. On the Iranian calendar it ties in with the vernal equinox (the first day of spring). The holiday's roots are based in the ancient religion of Zoroastrianism and it is considered the biggest holiday of the year in the country. Generally the Persian New Year is celebrated by a symbolic purging of the home and spiritual representation of creation and fertility. Families get together and traditional feasts are consumed. This year, though Iran is doing something a little different to celebrate the New Year and the result may be fireworks of a less than celebratory nature. This year Iran is changing it's policy for payment of oil. Iran will no longer accept the US dollar and will be looking for other currencies and commodities instead. – DaisyLutherblogspot.
Dominant Social Theme: Iran is simply out of control. A war would be justified.
Free-Market Analysis: Whoever Daisy Luther is, she (apparently a "she") writes good libertarian-oriented articles. The one we've excerpted, above, clearly states the case as to why Iran might be attacked.
The Iran Oil Bourse, as she points out, "has been actively seeking alternative currencies and commodities in trade for the oil produced there. The Bourse has directly approached Japan, Russia and China to negotiate payments in other currencies."
She also points out that at the same time, in 2005, "George Bush began imposing sanctions on Iran via EXECUTIVE ORDER 13382 - Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters."
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