US Dollar = Toilet Paper?

I came across this comment while reading the article "In banks we trust should not be the mantra for 2009" by Simon Jenkins.

The entire global economy has, since the end of WW2, been based on the premise that toilet paper (ie the US dollar) provided the basis for sound economic progress and prosperity. That myth has now been "found out" and its just a question of time before all the major holders of this tissue (ie the Chinese, Japanese and Saudis etc) decide that loo paper is an inappropriate vehicle for economic transaction. 

It's worth noting that there are many observers who believe that a significant reason for the war in Iraq was Saddam's decision to sell his country's oil for euros rather than dollars.

Unfortunately, any attempt to undermine the dollar in global currency dealings will displease the military / industrial complex in the US ( or the banksters who fund it), so don't be surprised to see Obama go on a war "spree" shortly after his inauguration. After all, the loo paper show must go on...

Perhaps what the commentor said is pretty much true. At least this is what I feel.

In other news, I have changed the template for Blogs UAE. Hope you guys like the new look :-)