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| 05:35 AM | ||
| Users Online Now: 1,382 (Who's On?) | Visitors Today: 336,524 | |
| Pageviews Today: 537,797 | Threads Today: 198 | Posts Today: 3,607 |
| 05:35 AM | ||
Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse | |
| Lonerangersilver Offer Upgrade  User ID: 1472970  United States07/24/2011 08:55 PM Report Abusive Post Report Copyright Violation | |
| RP42 User ID: 1427391  Portugal07/24/2011 08:57 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1286880  Australia07/24/2011 09:02 PM Report Abusive Post Report Copyright Violation | Re: Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse "One of the more notable events in the past week was the previously discussed reopening of the Iranian Oil Bourse, an attempt by Iran to launch a venue that bypasses US sanctions against Iran which has prevented payment in the world’s reserve currency for Iranian goods. “Big deal”, some will say, this is not the first time Iran has attempt to upstage the Great Satan. Well, true, although as OilPrice said last week, “what it would take for Iran’s new exchange to survive and flourish are some heavy-duty customers that Washington would be wary of picking a fight with, and Tehran already has one – China… China, the world’s largest buyer of Iranian crude oil, has renewed its annual import pacts for 2011." Quoting: LonerangersilverRead more [link to lonerangersilver.wordpress.com] Interesting. The trend is certainly away from the dollar, and more specifically the petrodollar. Barring a world war over these resources (and regimes), the petrodollar will be greatly diminished in twelve months. Why? Look at the trends. Even Russia (which is in the top 3 Oil Powers) has abandoned the petrodollar. The future of this resource lies with the Russians, Chinese and Iranians. It won't be too long before the Saudi's fall victim to the Arab Spring, along with Bahrain and Jordan. "You don't need a weatherman to know which way the wind blows" - Bob Dylan. |
| Lonerangersilver (OP) User ID: 1472970 United States07/24/2011 09:18 PM Report Abusive Post Report Copyright Violation | Re: Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse "One of the more notable events in the past week was the previously discussed reopening of the Iranian Oil Bourse, an attempt by Iran to launch a venue that bypasses US sanctions against Iran which has prevented payment in the world’s reserve currency for Iranian goods. “Big deal”, some will say, this is not the first time Iran has attempt to upstage the Great Satan. Well, true, although as OilPrice said last week, “what it would take for Iran’s new exchange to survive and flourish are some heavy-duty customers that Washington would be wary of picking a fight with, and Tehran already has one – China… China, the world’s largest buyer of Iranian crude oil, has renewed its annual import pacts for 2011." Quoting: LonerangersilverRead more [link to lonerangersilver.wordpress.com] Interesting. The trend is certainly away from the dollar, and more specifically the petrodollar. Barring a world war over these resources (and regimes), the petrodollar will be greatly diminished in twelve months. Why? Look at the trends. Even Russia (which is in the top 3 Oil Powers) has abandoned the petrodollar. The future of this resource lies with the Russians, Chinese and Iranians. It won't be too long before the Saudi's fall victim to the Arab Spring, along with Bahrain and Jordan. "You don't need a weatherman to know which way the wind blows" - Bob Dylan. You are correct. In addition you have Brazil trading in common currencies with other countries instead of using the dollar. Mexico which has 2 billion US in dollar reserves purchased 100 tons of gold in March and April and recently announced another large purchase of gold. They don't trust their dollar reserves to hold their value. |
| Anonymous Coward User ID: 1435028  Ireland07/24/2011 09:21 PM Report Abusive Post Report Copyright Violation | Re: Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse It won't be too long before the Saudi's fall victim to the Arab Spring, along with Bahrain and Jordan. Quoting: Anonymous Coward 1286880"You don't need a weatherman to know which way the wind blows" - Bob Dylan.  |
| Golden_Cobra User ID: 1312066  Canada07/24/2011 09:53 PM Report Abusive Post Report Copyright Violation | Re: Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse   Up here in Canada we are building stronger ties with the Chinese. Since last year they became our Largest importer of Canadian Lumber. Surpassing the US for the first time in history. They are showing great interest in the Canadian Oilsands too. Which reportedly contain over 1 trillion barrels of oil, making canada the Second largest oil reserve in the world. Can someone say $Cha-Ching$ With the American Economy in the shitter, say goodbye to Canada being your largest trading partner. No hard feelings, we won't go down like you guys. |
| Anonymous Coward User ID: 1146468 United States07/24/2011 09:56 PM Report Abusive Post Report Copyright Violation | Re: Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse You are correct. In addition you have Brazil trading in common currencies with other countries instead of using the dollar. Mexico which has 2 billion US in dollar reserves purchased 100 tons of gold in March and April and recently announced another large purchase of gold. They don't trust their dollar reserves to hold their value. Mexico, afraid the dollar won't hold it's value. The irony. |
| ScrumpTheTexan -Controverter- User ID: 1415693 United States07/24/2011 10:00 PM  Report Abusive Post Report Copyright Violation | Re: Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse Up here in Canada we are building stronger ties with the Chinese. Quoting: Golden_Cobra 1312066With the traitors that we've got infesting DC & intentionally destroying our currency & economy...  ...probably not a bad policy, Canada. I am a Christian. Christian does not equal doormat or pushover. SickOfItAll "I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800  For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com] |
| Anonymous Coward User ID: 1312066 Canada07/24/2011 10:09 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1353937 United States07/24/2011 10:10 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1312066 Canada07/24/2011 10:11 PM Report Abusive Post Report Copyright Violation | Re: Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse Up here in Canada we are building stronger ties with the Chinese. Quoting: Golden_Cobra 1312066With the traitors that we've got infesting DC & intentionally destroying our currency & economy... :eviltimmytroll: ...probably not a bad policy, Canada. One day the patriots in America will fight for their land and rights back from these spawns of Satan in congress. The human spirit and will is unbeatable. God bless Humanity! |
| Anonymous Coward User ID: 1471236 Canada07/24/2011 11:35 PM Report Abusive Post Report Copyright Violation | Re: Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse Up here in Canada we are building stronger ties with the Chinese. Since last year they became our Largest importer of Canadian Lumber. Surpassing the US for the first time in history. They are showing great interest in the Canadian Oilsands too. Which reportedly contain over 1 trillion barrels of oil, making canada the Second largest oil reserve in the world. Can someone say $Cha-Ching$ With the American Economy in the shitter, say goodbye to Canada being your largest trading partner. No hard feelings, we won't go down like you guys. Quoting: Golden_Cobra 1312066Man yer dumb. Can you say interconnected? If the US stalls out, then China slows. If China slows, then their bubbles pop. If their bubbles pop, then no more wood and oil. If that happens, Canada follows the US down the shitter too. |
| vesper User ID: 1481350 United States07/24/2011 11:39 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1358123 Canada07/24/2011 11:43 PM Report Abusive Post Report Copyright Violation | Re: Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse If the US stalls out, then China slows. If China slows, then their bubbles pop. If their bubbles pop, then no more wood and oil. If that happens, Canada follows the US down the shitter too. Quoting: Anonymous Coward 1471236^^^^^ THIS! |
| scallywagg444@yahoo.com User ID: 1396342 United States07/24/2011 11:43 PM Report Abusive Post Report Copyright Violation | Re: Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse Canada? Do you get it if we the dominos all come down... "If the US stalls out, then China slows. If China slows, then their bubbles pop. If their bubbles pop, then no more wood and oil. If that happens, Canada follows the US down the shitter too." dig that....along with the rest of it its a set up for......geuss, I bet you cant |
| Anonymous Coward User ID: 1396342 United States07/24/2011 11:45 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1481486 United States07/24/2011 11:45 PM Report Abusive Post Report Copyright Violation | |
| tranny witch nli User ID: 1432972 Canada07/24/2011 11:58 PM Report Abusive Post Report Copyright Violation | Re: Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse Up here in Canada we are building stronger ties with the Chinese. Since last year they became our Largest importer of Canadian Lumber. Surpassing the US for the first time in history. They are showing great interest in the Canadian Oilsands too. Which reportedly contain over 1 trillion barrels of oil, making canada the Second largest oil reserve in the world. Can someone say $Cha-Ching$ With the American Economy in the shitter, say goodbye to Canada being your largest trading partner. No hard feelings, we won't go down like you guys. Quoting: Golden_Cobra 1312066Man yer dumb. Can you say interconnected? If the US stalls out, then China slows. If China slows, then their bubbles pop. If their bubbles pop, then no more wood and oil. If that happens, Canada follows the US down the shitter too. The worst part of dealing with the Chinese is that they are real assholes. That is saying a lot because the entire oil industry is run by assholes. |
| Anonymous Coward User ID: 1473484  Mongolia07/25/2011 12:46 AM Report Abusive Post Report Copyright Violation | Re: Breaking - China And Iran To Bypass Dollar, Plan Oil Barter System, And A Deeper Dive Into The Iranian Oil Bourse I've been thinking about bouncing to one of these countries. Maybe Venezuela or Brazil. Quoting: Anonymous Coward 1481486Anyone have better ideas? Sick of fascists completely dominating the west. There are lots of options, but Venezuela isn't a good one. That crazy Commie-in-charge preys on foreigners, so it'd be suicidal to relocate there without familia there to protect you. Brazil is resourceful if you can stand the central gov't and large military. Most of the southern South American countries are good options, though. There are a couple of options in Europe that aren't too bad, but I think the whole region is set to fall. And then there are still some decent places in Asia that are preparing for a post-America-dominated world =) If you plan to relocate, or just to set up a vacation home/bugout retreat, you might want to get a move on it. Time is short. Peace. |
