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BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar

 
Anonymous Coward
User ID: 8898400
France
02/16/2012 10:57 AM
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BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
".... wait for March 20, when the Iranian oil bourse will start trading oil in other currencies apart from the US dollar, heralding the arrival of a new oil marker to be denominated in euro, yen, yuan, rupee or a basket of currencies.

That would suit Asian clients - from BRICS members India and China to US allies Japan and South Korea, not to mention NATO member Turkey. But that would also suit European clients, to pay for oil in their own currency.

Tehran - as well as many key players in the developing world - does want to sink the petrodollar."

[link to www.atimes.com]

Thats it folks. 33 days to go to prevent it from opening .....

:Gunman1:
Anonymous Coward
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United States
02/16/2012 10:59 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
Oil in dollars is the key to it all, take that away and the US is a thrid world country now.

Printing money would be gone overnight and demand for dollars would dry up.
Anonymous Coward
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02/16/2012 11:00 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
There was a great article written by someone a few years back.Anyone know who wrote it?

It explained the petro dollar arangement to a tee!
Anonymous Coward
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United States
02/16/2012 11:00 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
Oil in dollars is the key to it all, take that away and the US is a thrid world country now.

Printing money would be gone overnight and demand for dollars would dry up.
 Quoting: Anonymous Coward 1037013


The US has more oil than we can handle.
Anonymous Coward
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Germany
02/16/2012 11:05 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
Oil in dollars is the key to it all, take that away and the US is a thrid world country now.

Printing money would be gone overnight and demand for dollars would dry up.
 Quoting: Anonymous Coward 1037013


The US has more oil than we can handle.
 Quoting: Anonymous Coward 10810550


some guy on CNBC claimed this morning that the USA has been exporting and has not enough refining capacity. so even with falling demand, the price will go up.
<FOCUS>
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United States
02/16/2012 11:06 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
Why does this date keep coming up?
Anonymous Coward (OP)
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France
02/16/2012 11:13 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
Why does this date keep coming up?
 Quoting: <FOCUS> 660580


It is the end date and the beginning of the apocalypse


damned
Anonymous Coward
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United States
02/16/2012 11:15 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
Oil in dollars is the key to it all, take that away and the US is a thrid world country now.

Printing money would be gone overnight and demand for dollars would dry up.
 Quoting: Anonymous Coward 1037013


The US has more oil than we can handle.
 Quoting: Anonymous Coward 10810550


Yes this is very true , so did you ever ask why we never start drilling for it?

It is because our dollars would be brought back here when the FED prints trillions more and inflation would be through the roof! We need the world to buy our dollars not our oil.
Anonymous Coward
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United States
02/16/2012 11:16 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
Oil in dollars is the key to it all, take that away and the US is a thrid world country now.

Printing money would be gone overnight and demand for dollars would dry up.
 Quoting: Anonymous Coward 1037013


The US has more oil than we can handle.
 Quoting: Anonymous Coward 10810550


some guy on CNBC claimed this morning that the USA has been exporting and has not enough refining capacity. so even with falling demand, the price will go up.
 Quoting: Anonymous Coward 10906767


The price should be coming down, especially with the mild winter the northeast is having.
nexuseditor

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Australia
02/17/2012 12:30 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
This is not the first time Iran has threatened this action, but it might be the first time that they actually DO it.

If so, this is HUGE.

Consider, when Saddam Hussein declared Iraq would no longer accept dollars for oil, it was not long before they bombed the crap out of him and replaced him with somebody who did not dare such heresy.

The most recent nation to stop selling oil in US dollars was Libya - who was going to demand payment in gold-back 'dinars' (a new single African currency made from gold).
This move alone was HUGE enough for French President Sarkozy to declare Libya as a threat to the financial security of the world. So, suddenly they bombed the crap out of Libya - and end of problem.

If Iran proceeds to sell its oil in other currencies, then the USA will either collapse or go to full-scale war. There are not many other choices.

Last Edited by nexuseditor on 02/17/2012 12:31 AM
"The nature of the universe is such that ends can never justify the means. On the contrary, the means always determine the end."
(Aldous Huxley)
Anonymous Coward
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02/17/2012 12:34 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
The entire system collapses after that, the United States has played roulette and lost.

Game over.
Anonymous Coward
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United States
02/17/2012 12:45 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
The jig is up: Everyone knows Americas core game now...
JIK

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United States
02/17/2012 12:49 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
There was a great article written by someone a few years back.Anyone know who wrote it?

It explained the petro dollar arangement to a tee!
 Quoting: Anonymous Coward 1037013


And the most non-specific post of the year award goes to...
Stu

User ID: 3643288
United States
02/17/2012 12:50 AM

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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
how "coincidental" the looming bourse date approaches while the "attack Iran" chorus ramps up..
_____________________________________
There is no use removing doubts one by one. If we clear one doubt another doubt will arise and there will be no end of doubts. But, if by seeking the doubter, the doubter is found to be really non-existent, then all doubts will cease. -- Ramana Maharshi


You have to keep breaking
your heart until it opens.

~ Rumi
Anonymous Coward
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02/17/2012 12:51 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
There was a great article written by someone a few years back.Anyone know who wrote it?

It explained the petro dollar arangement to a tee!
 Quoting: Anonymous Coward 1037013


This thread is very informative

hiding
Anonymous Coward
User ID: 6015287
United States
02/17/2012 12:52 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
There was a great article written by someone a few years back.Anyone know who wrote it?

It explained the petro dollar arangement to a tee!
 Quoting: Anonymous Coward 1037013


This thread is very informative

hiding
 Quoting: Anonymous Coward 6015287


OOPS!
here you go

Thread: *RED ALERT* War with IRAN is now GUARANTEED! Proof inside!
Anonymous Coward
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02/17/2012 12:53 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
norespect
Cassandra's Echo

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02/17/2012 01:08 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
Can someone clear this up for me?

I thought that Iran established an oil bourse that essentially stopped allowing the sale of oil for dollars back in December 2007:

[link to en.wikipedia.org]

But in the same article (above), March 20, 2012 is given as the date that Iran's bourse will stop accepting dollar-denominated payment.

So what actually happened in December 2007?

Since Iraq and Libya were clearly throttled mercilessly for making similar efforts, I have to believe that Iran is currently STILL accepting dollars - until March 20. Otherwise, bullets would be flying now. But does anyone have any idea what the December 2007 date in the wiki article above refers to??
Anonymous Coward
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United States
02/17/2012 01:12 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
Oil in dollars is the key to it all, take that away and the US is a thrid world country now.

Printing money would be gone overnight and demand for dollars would dry up.
 Quoting: Anonymous Coward 1037013



If China or India ever let go of the dollar, I would be out of this Country
Anonymous Coward
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02/17/2012 01:16 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
how "coincidental" the looming bourse date approaches while the "attack Iran" chorus ramps up..
 Quoting: Stu


Plus that's right around the time Greece is finally supposed to "default." I think those two events will be intertwined somehow.
Anonymous Coward
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United States
02/17/2012 01:17 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
to root for the demise of the PetroDollar is like an American peeing in his own tea!
khnum
User ID: 455005
Australia
02/17/2012 01:21 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
This is not the first time Iran has threatened this action, but it might be the first time that they actually DO it.

If so, this is HUGE.

Consider, when Saddam Hussein declared Iraq would no longer accept dollars for oil, it was not long before they bombed the crap out of him and replaced him with somebody who did not dare such heresy.

The most recent nation to stop selling oil in US dollars was Libya - who was going to demand payment in gold-back 'dinars' (a new single African currency made from gold).
This move alone was HUGE enough for French President Sarkozy to declare Libya as a threat to the financial security of the world. So, suddenly they bombed the crap out of Libya - and end of problem.

If Iran proceeds to sell its oil in other currencies, then the USA will either collapse or go to full-scale war. There are not many other choices.
 Quoting: nexuseditor

I agree it will be three for three bombs a dropping if Iran goes ahead with this.
Butterfly girl

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United States
02/17/2012 01:41 AM

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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
agree...war is coming with Iran
probably this is one of the reasons.....
To everything there is a season, and a time to every purpose under heaven... A time to weep, and a time to laugh; a time to mourn, and a time to dance....
pish
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02/17/2012 01:52 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
This is all a grand scheme.

While there is alot of blustering on all sides, both China and Russia will sit quietly by as Iran gets bombed.

USA/Russia/China are destroying the middle east using Israel as the foil to make a region that will supply oil cheaply and freely amongst all the superpowers.
nexuseditor

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Australia
02/17/2012 01:53 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
Can someone clear this up for me?

I thought that Iran established an oil bourse that essentially stopped allowing the sale of oil for dollars back in December 2007:

[link to en.wikipedia.org]

But in the same article (above), March 20, 2012 is given as the date that Iran's bourse will stop accepting dollar-denominated payment.

So what actually happened in December 2007?

Since Iraq and Libya were clearly throttled mercilessly for making similar efforts, I have to believe that Iran is currently STILL accepting dollars - until March 20. Otherwise, bullets would be flying now. But does anyone have any idea what the December 2007 date in the wiki article above refers to??
 Quoting: Cassandra's Echo




Iran threatened it several times over the past decade, but never actually did it.
"The nature of the universe is such that ends can never justify the means. On the contrary, the means always determine the end."
(Aldous Huxley)
Anonymous Coward
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02/17/2012 01:55 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
Obama levied sanctions and now they get gold instead of dollars for their oil. Way to go Obama....
WildStyle

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Thailand
02/17/2012 01:56 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
There was a great article written by someone a few years back.Anyone know who wrote it?

It explained the petro dollar arangement to a tee!
 Quoting: Anonymous Coward 1037013


And the most non-specific post of the year award goes to...
 Quoting: JIK


Hahaha.. this, just what I was thinking!

Made me laugh, thanks! thumbsup

//WildStyle
We are all the walking wounded in a world that is a war zone. Everything that we love will be taken from us, everything, last of all life itself. - DK
Possum

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Australia
02/17/2012 03:21 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
Why does this date keep coming up?
 Quoting: <FOCUS> 660580


March 20,
the day of the labyrinth

highly symbolic day, when considered as the last day of winter and the end of the astrological year

Tarot Meaning

the judgment or awakening which urges leaving material aspects behind and seeking a higher spirituality. the card, depicting an angel blowing a trumpet, signifies that a new day, a day of accountability, is dawning. it is a card which moves us beyond our ego and allows us to glimpse the infinite.

Pisces - The Myth
The two fish, swimming in opposite directions, are considered to represent two different aspects of the human psyche, co-existing as best they can in the ocean of life. One fish is our 'spiritual' persona - the part of us that is beyond time and space. The other is our need to be a part of the material world.

[link to www.selenasol.com]

Last Edited by Possum on 02/17/2012 03:24 AM
There is no need for temples, no need for complicated philosophies. My brain and my heart are my temples; my philosophy is kindness.
Dalai Lama
Anyone who doesn't take truth seriously in small matters cannot be trusted in large ones either.
Albert Einstein
The kingdom of God is within you and all around you. It is not within buildings of wood or stone. Split a piece of wood and you will find me. Look beneath a stone and I am there.
Stigmata
Possum

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02/17/2012 03:29 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
This is not the first time Iran has threatened this action, but it might be the first time that they actually DO it.

If so, this is HUGE.

Consider, when Saddam Hussein declared Iraq would no longer accept dollars for oil, it was not long before they bombed the crap out of him and replaced him with somebody who did not dare such heresy.

The most recent nation to stop selling oil in US dollars was Libya - who was going to demand payment in gold-back 'dinars' (a new single African currency made from gold).
This move alone was HUGE enough for French President Sarkozy to declare Libya as a threat to the financial security of the world. So, suddenly they bombed the crap out of Libya - and end of problem.

If Iran proceeds to sell its oil in other currencies, then the USA will either collapse or go to full-scale war. There are not many other choices.
 Quoting: nexuseditor


bump

I'm sure that there will shortly be a lot of UNCLE leaks onto this website - "My Uncle said that his son's girlfriend's brother has been told by his troop that he is moving out within days ......"
There is no need for temples, no need for complicated philosophies. My brain and my heart are my temples; my philosophy is kindness.
Dalai Lama
Anyone who doesn't take truth seriously in small matters cannot be trusted in large ones either.
Albert Einstein
The kingdom of God is within you and all around you. It is not within buildings of wood or stone. Split a piece of wood and you will find me. Look beneath a stone and I am there.
Stigmata
Anonymous Coward
User ID: 4984203
United States
02/17/2012 03:49 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
".... wait for March 20, when the Iranian oil bourse will start trading oil in other currencies apart from the US dollar, heralding the arrival of a new oil marker to be denominated in euro, yen, yuan, rupee or a basket of currencies.

That would suit Asian clients - from BRICS members India and China to US allies Japan and South Korea, not to mention NATO member Turkey. But that would also suit European clients, to pay for oil in their own currency.

Tehran - as well as many key players in the developing world - does want to sink the petrodollar."

[link to www.atimes.com]

Thats it folks. 33 days to go to prevent it from opening .....

:Gunman1:
 Quoting: ^àTOn^


Five years ago called, it wants its post back. boring
Anonymous Coward
User ID: 4984203
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02/17/2012 03:51 AM
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Re: BREAKING: New Oil Bourse on March 20th 2012 --> Bye Bye Petrodollar
".... wait for March 20, when the Iranian oil bourse will start trading oil in other currencies apart from the US dollar, heralding the arrival of a new oil marker to be denominated in euro, yen, yuan, rupee or a basket of currencies.

That would suit Asian clients - from BRICS members India and China to US allies Japan and South Korea, not to mention NATO member Turkey. But that would also suit European clients, to pay for oil in their own currency.

Tehran - as well as many key players in the developing world - does want to sink the petrodollar."

[link to www.atimes.com]

Thats it folks. 33 days to go to prevent it from opening .....

:Gunman1:
 Quoting: ^àTOn^


Five years ago called, it wants its post back. boring

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