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Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow

 
Ticker2.0
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01/24/2012 07:08 PM
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Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
India has reportedly agreed to pay Tehran in gold for the oil it buys, in a move aimed at protecting Delhi from US-sanctions targeting countries who trade with Iran. China, another buyer of Iranian oil, may follow Delhi’s lead.

Both India and China, two major buyers of Iranian oil accounting for 22 and 13 percent of its total export respectively, have refused to join such sanctions. This means they have to establish a reliable way of paying for crude, independently of the parts of the global financial system controlled by New York and London.

[link to rt.com]

Last Edited by Ticker2.0 on 01/24/2012 07:14 PM
Ticker2.0 (OP)

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01/24/2012 07:10 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
I feel cheerfull for some odd reason
Ticker2.0 (OP)

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01/24/2012 07:17 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
Ticker2.0 (OP)

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01/24/2012 07:26 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
Lybia also wanted to trade BLACK GOLD for GOLD before the NATO invasion. Others will follow, indeed other countries will follow.
Anonymous Coward
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01/24/2012 08:28 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
Doom back on.
Anonymous Coward
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01/24/2012 08:31 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
In other news..:
Carriers moving into the gulf..
Tanks and armored vehicles being moved through mexico..
Heading to Venezuela?
Check.....mate?
Anonymous Coward
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01/24/2012 08:35 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
Yep,

Like I said before. Iran will continue to sell their oil and there is nothing the EU/US/Israel alliance can do to stop it. They will get their nukes sooner or later too.

My question is how is the US going to pay for its oil when the dollar loose its reserve currency status ?
cruise
Anonymous Coward
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01/24/2012 08:36 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
India has reportedly agreed to pay Tehran in gold for the oil it buys, in a move aimed at protecting Delhi from US-sanctions targeting countries who trade with Iran. China, another buyer of Iranian oil, may follow Delhi’s lead.

Both India and China, two major buyers of Iranian oil accounting for 22 and 13 percent of its total export respectively, have refused to join such sanctions. This means they have to establish a reliable way of paying for crude, independently of the parts of the global financial system controlled by New York and London.

[link to rt.com]
 Quoting: Ticker2.0



Wait a minute, how does Iran avoided illegal sanctions = stabbing the west in the back?
Ticker2.0 (OP)

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01/24/2012 08:45 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
India has reportedly agreed to pay Tehran in gold for the oil it buys, in a move aimed at protecting Delhi from US-sanctions targeting countries who trade with Iran. China, another buyer of Iranian oil, may follow Delhi’s lead.

Both India and China, two major buyers of Iranian oil accounting for 22 and 13 percent of its total export respectively, have refused to join such sanctions. This means they have to establish a reliable way of paying for crude, independently of the parts of the global financial system controlled by New York and London.

[link to rt.com]
 Quoting: Ticker2.0



Wait a minute, how does Iran avoided illegal sanctions = stabbing the west in the back?
 Quoting: Anonymous Coward 8299342


illegal sanctions = hell ya!!!
Ticker2.0 (OP)

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01/24/2012 08:50 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
My question is how is the US going to pay for its oil when the dollar loose its reserve currency status ?
cruise
 Quoting: Anonymous Coward 9470648


Food stamps
tranny witch nli
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01/24/2012 09:16 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
How exactly is iran stabbing the West in the back by selling their own domestic oil production to neighbouring countries?

They are doing exactly what the embargo is designed to do, end the dollar's reserve currency status while blaming other actors.
Anonymous Coward
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01/26/2012 01:28 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
How exactly is iran stabbing the West in the back by selling their own domestic oil production to neighbouring countries?

They are doing exactly what the embargo is designed to do, end the dollar's reserve currency status while blaming other actors.
 Quoting: tranny witch nli 1432972


OP said India has stabbed US's back. Not Iran.
Anonymous Coward
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01/26/2012 01:28 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
bump
Anonymous Coward
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01/26/2012 01:31 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
"Stabs west in the back"

That is a bit turning shit around, isn't it?
Anonymous Coward
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01/26/2012 01:32 PM
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Re: Iran stabs West in the back : Sanctions dodge: India to pay gold for Iran oil, China may follow
the reason for this is because Iranian currency is useless and no nation is dumb enough to buy it to conduct transactions.

Iran should be embarrassed.

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