Thanks, Donna & others for your kind comments.  In a nutshell:
 
It's highly probable that sometime in 2006, barring a change in government in Iran, the effect of the Iranian Oil Bourse would be that oil-consuming nations would have to flush dollars out of their (central bank) reserve funds and replace these with euros. The dollar would crash anywhere from 20-40% in value You’d have foreign funds stream out of the U.S. stock markets and dollar denominated assets, there’d possibly be a run on the banks, a housing crash affecting 50-75% of the current bubble, the current account deficit would become unserviceable, the budget deficit would go into default, and so on. Your basic Third World economic crisis scenario.
 
jerry grenough
gtgrenough@earthlink.net