Just How Weak Is the Dollar?

It's so weak that even Iran's psychotic dictator, Mahmoud Ahmadinejad, understands the global economic implications:

"I again repeat my previous proposal; [OPEC] should have a basket of different international hard currencies as the basis or the member countries should come up and produce a new hard currency for petroleum contracts," he stressed.

"They get our oil and give us a worthless piece of paper," Ahmadinejad said earlier after the close of the summit in the Saudi capital of Riyadh. ...

... "As you know the decrease in the dollar's value and the increase in energy prices are two sides of the same coin which are being introduced as factors behind the recent instability," Ahmadinejad added.

Keep in mind that Ahmadinejad's push to dump the dollar will be, in the eyes of the Bush administration, as much of a justification for war as Saddam's non-existent WMD.