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IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!

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Duffy Mcgee
User ID: 768705
United States
9/26/2009 7:47 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

OPs second artical claims that only hyperinflation can solve the problem.

Ok so what if they TRY to hyperinflate and fail?

>Which they will fail at because nobody wants to borrow another quadrillion bucks.

So whats left? DEVALUATION!

Thats where US domestic prices shoot up 10X and foreigners come in buy up everything, including the kitchen sink, for pennies.

Am I hallucinating here??
.
Anonymous Coward
User ID: 780413
United Kingdom
9/26/2009 7:48 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Iran should be free to tarde in whichever currency it so pleases, but I think there is some Russian & Chinese input here.
Anonymous Coward
User ID: 780443
Belgium
9/26/2009 7:54 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Just trying to make a point.
 Quoting: Anonymous Coward 593565


FAIL!!
Anonymous Coward
User ID: 768705
United States
9/26/2009 8:01 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Just trying to make a point.
 Quoting: Anonymous Coward 593565


Take yous' bitchslappin and shadap. tomato
1-2-THE DOME Subscriber
Arcane Electrons
User ID: 780452
United States
9/26/2009 8:03 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Good one OP!

I wrote an article about this in 2005 about the time they decided to start on their little oil bourse.

You are correct about the reason we hammered Saddam. And yes as far as I can tell this means war.

However it seems that this might get out of hand as Iran is no pushover like Iraq. I believe this will end up being the bloodiest war in all of Earths history as nukes start flying.
Will you survive 2012?
Anonymous Coward
User ID: 780412
United Kingdom
9/26/2009 8:03 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

[link to www.agent] provocateur.com/building-a-pretext-for-mass-murder-irans-secret-enrichment-facility/



exactly. ISLAM DOES NOT TOLERATE USURY. how many bible bigots ever realized that? Guess thier interest rates are too high driven em nuts.



does that make them antisemites?



well, Jews have nothing in their books that prevent them from charging interest on money loaned, aka usury. So no, that doesnt make Muslims antisemites but rather ethical... their prohibition of usury makes the Jews anti-islam. Surprise surprise. Jews and Muslims are both semitic peoples btw.


peace
 Quoting: Anonymous Coward 780393


I thoret the Jewish law forbids usery but only with outher Jews its ok to charge interst to gentiles
Anonymous Coward
User ID: 768705
United States
9/26/2009 8:04 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Iran should be free to tarde in whichever currency it so pleases,[
 Quoting: Anonymous Coward 780413


And you should be free to sleep in the street.

--->Still on board with this one?
Wake Up
User ID: 407421
United States
9/26/2009 8:08 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Good one OP!

I wrote an article about this in 2005 about the time they decided to start on their little oil bourse.

You are correct about the reason we hammered Saddam. And yes as far as I can tell this means war.

However it seems that this might get out of hand as Iran is no pushover like Iraq. I believe this will end up being the bloodiest war in all of Earths history as nukes start flying.
 Quoting: 1-2-THE DOME


I agree Dome!! I don't think it's going to turn out very well. I wish they would come up with a different alternative than war.

hf
Anonymous Coward
User ID: 780413
United Kingdom
9/26/2009 8:11 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Iran should be free to tarde in whichever currency it so pleases,[


And you should be free to sleep in the street.

--->Still on board with this one?
 Quoting: Anonymous Coward 768705

explain
Anonymous Coward
User ID: 768705
United States
9/26/2009 8:12 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Good one OP!

I wrote an article about this in 2005 about the time they decided to start on their little oil bourse.

You are correct about the reason we hammered Saddam. And yes as far as I can tell this means war.

However it seems that this might get out of hand as Iran is no pushover like Iraq. I believe this will end up being the bloodiest war in all of Earths history as nukes start flying.


I agree Dome!! I don't think it's going to turn out very well. I wish they would come up with a different alternative than war.

hf
 Quoting: Wake Up


Ah...devaluation, do I hear devaluation for a dollar?

Going once, going twice.....
Anonymous Coward
User ID: 768705
United States
9/26/2009 8:14 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Iran should be free to tarde in whichever currency it so pleases,[


And you should be free to sleep in the street.

--->Still on board with this one?

explain
 Quoting: Anonymous Coward 780413


In a nice world people can do what they want.

In the real world not having the dollar become worthless will keep a lot of people from starving in the street.
D. Bunker SubscriberModerator
Senior Forum Moderator
9/26/2009 8:15 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

IF such an attack were actionable, the nuclear capability of the regime would be only a single facet to a much more important objective of diminishing their conventional capability and thus ability to attain regional hegemony.
The Bunker Report [link to sites.google.com]
Breaking News Tracking : [link to www.google.com]
Where are the Carriers?
[link to sites.google.com]

Pissing People off with impunity since 2006.

Thread Killer -- Literally.
Anonymous Coward
User ID: 780413
United Kingdom
9/26/2009 8:19 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Iran should be free to tarde in whichever currency it so pleases,[


And you should be free to sleep in the street.

--->Still on board with this one?

explain


In a nice world people can do what they want.

In the real world not having the dollar become worthless will keep a lot of people from starving in the street.
 Quoting: Anonymous Coward 768705

I understand where you are coming from but Irans government must be getting pissed at having ultimatums thrown at them and this is their retaliation. The problem with us in the west is that we take a lot for granted. Not our fault just how we have been brought up.
Wake Up
User ID: 407421
United States
9/26/2009 8:22 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Petro-Euro Vs Petro-Dollar - Good Eye opener!!

Worth reading!!

Why the Dollar Bubble is about to Burst?

IRAN HAS REALLY DONE IT...more deadlier than the nuclear..

The Voice (issue 264 -) ran an article beginning, ' Iran has really gone and done it now. No, they haven't sent their first nuclear sub in to the Persian Gulf . They are about to launch something much more deadly -- next week the Iran Bourse will open to trade oil, not n dollars but in Euros' This apparently insignificant event has consequences far greater for the US people, indeed all for us all, than is imaginable.

Currently almost all oil buying and selling is in US-dollars through exchanges in London and New York . It is not accidental they are both US-owned.

The Wall Street crash in 1929 sparked off global depression and World War II. During that war the US supplied provisions and munitions to all its allies, refusing currency and demanding gold payments in exchange.

By 1945, 80% of the world's gold was sitting in US vaults. The dollar became the one undisputed global reserve currency -- it was treated world-wide as `safer than gold'. The Bretton Woods agreement was established.

The US took full advantage over the next decades and printed dollars like there was no tomorrow. The US exported many mountains of dollars, paying for ever-increasing amounts of commodities, tax cuts for the rich, many wars abroad, mercenaries, spies and politicians the world over. You see, this did not affect inflation at home! The US got it all for free! Well, maybe for a forest or two.

Over subsequent decades the world's vaults bulged at the seams and more and more vaults were built, just for US dollars. Each year, the US spends many more dollars abroad that at home. Analysts pretty much agree that outside the US , of the savings, or reserves, of all other countries, in gold and all currencies -- that a massive 66% of this total wealth is in US dollars!

In 1971 several countries simultaneously tried to sell a small portion of their dollars to the US for gold. Krassimir Petrov, (Ph. D. in Economics at Ohio University ) recently wrote, 'The US Government defaulted on its payment on August 15, 1971 . While popular spin told the story of `severing the link between the dollar and gold', in reality the denial to pay back in gold was an act of bankruptcy by the US Government.' The 1945 Breton Woods agreement was unilaterally smashed.

The dollar and US economy were on a precipice resembling Germany in 1929.
The US now had to find a way for the rest of the world to believe and have faith in the paper dollar. The solution was in oil, in the petrodollar. The US viciously bullied first Saudi Arabia and then OPEC to sell oil for dollars only -- it worked, the dollar was saved. Now countries had to keep dollars to buy much needed oil. And the US could buy oil all over the world, free of charge. What a Houdini for the US ! Oil replaced gold as the new foundation to stop the paper dollar sinking.

Since 1971, the US printed even more mountains of dollars to spend abroad.
The trade deficit grew and grew. The US sucked-in much of the world's products for next to nothing. More vaults were built.

Expert, Cóilínn Nunan, wrote in 2003, 'The dollar is the de facto world reserve currency: the US currency accounts for approximately two thirds of all official exchange reserves. More than four-fifths of all foreign exchange transactions and half of all world exports are denominated in dollars. In addition, all IMF loans are denominated in dollars.'
Dr Bulent Gukay of Keele University recently wrote, 'This system of the US dollar acting as global reserve currency in oil trade keeps the demand for the dollar `artificially' high. This enables the US to carry out printing dollars at the price of next to nothing to fund increased military spending and consumer spending on imports. There is no theoretical limit to the amount of dollars that can be printed. As long as the US has no serious challengers, and the other states have confidence in the US dollar, the system functions.'

Until recently, the US-dollar has been safe. However, since 1990 Western Europe has been busy growing, swallowing up central and Eastern Europe ..
French and German bosses were jealous of the US ability to buy goods and people the world over for nothing. They wanted a slice of the free cake too.
Further, they now had the power and established the euro in late 1999 against massive US-inspired opposition across Europe , especially from Britain - paid for in dollars of course. But the euro succeeded.

Only months after the euro-launch, Saddam's Iraq announced it was switching from selling oil in dollars only, to euros only -- breaking the OPEC agreement.. Iran , Russia , Venezuela , Libya , all began talking openly of switching too -- were the floodgates about to be opened?

Then aero planes flew into the twin-towers in September 2001. Was this another Houdini chance to save the US (petro) dollar and the biggest financial/economic crash in history? War preparations began in the US But first war-fever had to be created -- and truth was the first casualty. Other oil producing countries watched-on. In 2000 Iraq began selling oil in euros.
In 2002, Iraq changed all their petro-dollars in their vaults into euros. A few months later, the US began their invasion of Iraq.

The whole world was watching: very few aware that the US was engaging in the first oil currency, or petro-dollar war. After the invasion of Iraq in March 2003, remember, the US secured oil areas first. Their first sales in August were, of course, in dollars, again. The only government building in Baghdad not bombed was the Oil Ministry! It does not matter how many people are murdered -- for the US , the petro-dollar must be saved as the only way to buy and sell oil - otherwise the US economy will crash, and much more besides.

In early 2003, Hugo Chavez, President of Venezuela talked openly of selling half of its oil in euros (the other half is bought by the US). On 12 April 2003, the US-supported business leaders and some generals in Venezuela kidnapped Chavez and attempted a coup. The masses rose against this and the Army followed suit. The coup failed. This was bad for the US.

In November 2000 the euro/dollar was at $0.82 dollars, its lowest ever, and still diving, but when Iraq started selling oil in euros, the euro dive was halted. In April 2002 senior OPEC reps talked about trading in euros and the euro shot up. In June 2003 the US occupiers of Iraq switched trading back to dollars and the euro fell against the dollar again. In August 2003 Iran starts to sell oil in euros to some European countries and the euro rises sharply. In the winter of 2003-4 Russian and OPEC politicians talked seriously of switching oil/gas sales to the euro and the euro rose. In February 2004 OPEC met and made no decision to turn to the euro -- and yes, the euro fell against the dollar. In June 2004 Iran announced it would build an oil bourse to rival London and New York, and again, the euro rose. The euro stands at $1.27 and has been climbing of late.

But matters this month became far, far worse for the US dollar. On 5th May Iran registered its own Oil Bourse, the IOB. Not only are they now selling oil in euros from abroad -- they have established an actual Oil Bourse, a global trading centre for all countries to buy and sell their oil!

In Chavez's recent visit to London; he talked openly about supporting the Iranian Oil Bourse, and selling oil in euros. When asked in London about the new arms embargo imposed by the US against Venezuela, Chavez prophetically dismissed the US as 'a paper tiger'.

Currently, almost all the world's oil is sold on either the NYMEX, New York Mercantile Exchange, or the IPE, London's International Petroleum Exchange.
Both are owned by US citizens and both sell and buy only in US dollars. The success of the Iran Oil Bourse makes sense to Europe, which buys 70% of Iran's oil. It makes sense for Russia, which sells 66% of its oil to Europe. But worse for the US, China and India have already stated they are very interested in the new Iranian Oil Bourse.

If there is a tactical-nuclear strike on - deja-vu - `weapons of mass destruction' in Iran, who would bet against a certain Oil Exchange and more, being bombed too?

And worse for Bush. It makes sense for Europe, China, India and Japan-- as well as all the other countries mentioned above -- to buy and sell oil in Euro's. They will certainly have to stock-up on euros now, and they will sell dollars to do so. The euro is far more stable than the debt-ridden dollar. The IMF has recently highlighted US economic difficulties and the trade deficit strangling the US-- there is no way out.

The problem for so many countries now is how to get rid of their vaults full of dollars, before it crashes? And the US has bullied so many countries for so many decades around the world, that many will see a chance to kick the bully back. The US cannot accept even 5% of the world's dollars -- it would crash the US economy dragging much of the world with it, especially Britain.

To survive, as the Scottish Socialist Voice article stated, 'the US, needs to generate a trade surplus to get out of this one. Problem is it can't.'
This is spot on. To do that they must force US workers into near slavery, to get paid less than Chinese or Indian workers. We all know that this will not happen.

What will happen in the US? Chaos for sure. Maybe a workers revolution, but looking at the situation as it is now, it is more likely to be a re-run of Germany post-1929, and some form of extreme-right mass movement will emerge...

Does Europe and China/Asia have the economic independence and strength to stop the whole world's economies collapsing with the US? Their vaults are full to the brim with dollars.

The US has to find a way to pay for its dollar-imperialist exploitation of the world since 1945..Somehow, eventually; it has to account for every dollar in every vault in the world.

Bombing Iran could backfire tremendously. It would bring Iran openly into the war in Iraq, behind the Shiite majority. The US cannot cope even now with the much smaller Iraqi insurgency. Perhaps the US will feed into the Sunni v Shiite conflict and turn it into a wider Middle-East civil-war.
However, this is so dangerous for global oil supplies. Further, they know that this would be temporary, as some country somewhere else, will establish a euro-oil-exchange, perhaps in Brussels.

There is one `solution' -- scrap the dollar and print a whole new currency for the US. This will destroy 66% of the rest of the world's savings/reserves in one swoop. Imagine the implications? Such are the desperate things now swimming around heads in the White House, Wall Street and Pentagon.

Another is to do as Germany did, just before invading Poland in 1938. The Nazis filmed a mock Polish Army attack on Germany, to win hearts and minds at home. But again, this is a finger in the dam. So, how is the US going to escape this time? The only global arena of total superiority left is military. Who knows what horrors lie ahead. A new world war is one tool by which the US could discipline its `allies' into keeping the dollar in their vaults.

The task of socialists today is to explain to as many as possible, especially our class, that the coming crisis belongs purely to capitalism and (dollar) imperialism. Not people of other cultures, not Islam, not the axis of evil or their so-called WMDs. Their system alone is to blame.

The new Iranian Oil Bourse, the IOB, is situated in a new building on the free-trade-zone island of Kish, in the Persian Gulf. Its computers and software are all set to go. The IOB was supposed to be up and running last March, but many pressures forced a postponement. Where the pressure came from is obvious. It was internationally registered on 5th May and supposed to open mid-May, but its opening was put off, some saying the oil-mafia was involved, along with much international pressure..

In 2007 Crude was traded around 60 usd. Everyone knows dollar was getting weaker and weaker day by day. Than US with the help of their two NYMEX & IPE exchange started rising the price of crude by Future trading on crude(called speculation). Today crude is around 140 usd. It means whole world that were paying 60 usd, now paying 140 usd, means demand of dollar increase to 230% and dollar start again rising.

Even OPEC recently that in hike of crude, 60% contribution is due to speculation (Future market).

Moral of story is USA has & will go to any lengths to destroy any nation to keep its monopoly of the dollar in the world....it's all about the money!!!

BUCKLE IN....IT COULD BE A ROUGH RIDE!!!

peace
 Quoting: Wake Up


bump
Anonymous Coward
User ID: 771897
United States
9/26/2009 8:25 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

War breaks out in middle east, then dollar collapses, then Antichrist comes and tells everyone the only way to buy and sell is to get a computer chip in their hand and then the end comes. Now hows that for size:) maybe 2012 will usher in the 1000 reign?
Wake Up
User ID: 407421
United States
9/26/2009 8:32 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

IF such an attack were actionable, the nuclear capability of the regime would be only a single facet to a much more important objective of diminishing their conventional capability and thus ability to attain regional hegemony.
 Quoting: D. Bunker


I agree that there would be many facets if an attack were made. I'm sure that nuclear weapons would be one of these facets. However, based off my research I think financial control and stability may ultimately play a bigger role than anyone may realize at this time. We agree, I just think we may choose to focus on different facets that could be the catalyst.

hf
D. Bunker SubscriberModerator
Senior Forum Moderator
9/26/2009 8:53 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

IF such an attack were actionable, the nuclear capability of the regime would be only a single facet to a much more important objective of diminishing their conventional capability and thus ability to attain regional hegemony.


I agree that there would be many facets if an attack were made. I'm sure that nuclear weapons would be one of these facets. However, based off my research I think financial control and stability may ultimately play a bigger role than anyone may realize at this time. We agree, I just think we may choose to focus on different facets that could be the catalyst.

hf
 Quoting: Wake Up


My interest and thus view is admittedly limited in scope.
The Bunker Report [link to sites.google.com]
Breaking News Tracking : [link to www.google.com]
Where are the Carriers?
[link to sites.google.com]

Pissing People off with impunity since 2006.

Thread Killer -- Literally.
Anonymous Coward
User ID: 780500
Hungary
9/26/2009 9:00 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

There's no such thing as Palestine or Palestinians.

There was never in the history of the world a "Palestinian" nation.

There was never in the history of the world a "Palestinian" state.

There was never in the history of the world a "Palestinian" kingdom.

There were never in the history of the world "Palestinian" kings.

There was never in the history of the world a "Palestinian" capital.

There was never in the history of the world a "Palestinian" essence.

There was never in the history of the world a "Palestinian" heritage.

There was never in the history of the world a "Palestinian" culture.


The "Palestinians" are Arabs who were brought to the region by the Ottoman empire as part of the Muslim occupation in the region. They are definitely not the tribes from Crete who settled down in the 5 cities of Gaza strip after the Exodus of Israel from Egypt. These tribes were called Philistines and they weren't Arabs at all and the nowadays "Palestinians" are definitely not their descendants. The Philistines don't exist as a nation nowadays.

There's no "Palestinian" nation but an ARAB one which went out of the Arabian Peninsula and occupied dozens of lands, including the land of Israel.

"The Palestinian people does not exist. The creation of a Palestinian state is only a means for continuing our struggle against the state of Israel for our Arab unity. In reality today there is no difference between Jordanians, Palestinians, Syrians and Lebanese. Only for political and tactical reasons do we speak today about the existence of a Palestinian people, since Arab national interests demand that we posit the existence of a distinct "Palestinian people" to oppose Zionism.
 Quoting: Anonymous Coward 593565


Thank you for updating us in Israel's history. I take it you are a Judaean.
What I am asking, are you sure the Philistines have no relations to people called Palestinian today? Their name sounds deceptively similar. It even seems to me Israel is fighting Palestinians the same way as King David the Philisteens. I am a linguist (although beginner only in Hebrew).
No one should dispute that Judaism and Israel constitue one of the msot ancient surviving civilisations on Earth, at least one with records.
Isn't it possible that later Philistines would be submerged to Islam and have had some Arabic mixing as the Arab Empire was there before the Ottoman one? Sure, they speak Arabic, and their religion is a brand of Islam, but today's descendants of the Romans, among all, speak Italian not Latin, and are mostly Catholoc christians, no longer tied to Roman gods? History is full of such semi-transformations.
On top of all this, there seems to be a sibling war going on here. The Hebrew language is quite similar to Arabic. Islam was well known to have started to model after Judaism, Muhammad's original plan was to spread Judaism among desert tribes. But after the local Judaeans refused to have anything with Muhammad, he decided to start a brand new religion with Arabic as the sacred tongue of revelation. Just as Jews all over the planet try to pray in Hebrew, many non-Arabic Islam followers try a few verses in Arabic.
There is a difficult coexistece history here for all of us to research. At this point - granting you are right in all the other points you raised in your post - it seems to me a radical position to take that Palestinians do not exist.

Under the same token, Romanians could not exist either. They are not ancient by evidence. They are said to be descendants of Daco tribes who adopted Latin. The language was mostly a mix of Latin and Slavic. In the Great Reform, the local nationalists purged all Slavic elements and repalced them with words from Latin, French or Italian. All this to prove they are a nation. But the whole idea of nationhood gained prominence in the 19th century... Back in the Middle Ages it did not matter what language you spoke but which prince you obeyed.

I am just trying to relativise this, becaus on the other counts, I agree with your post - there are too many superficial anti-judeaic voices today, even in more discerning chats.
Wake Up
User ID: 407421
United States
9/26/2009 9:04 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Petro-Euro Vs Petro-Dollar - Good Eye opener!!

Worth reading!!

Why the Dollar Bubble is about to Burst?

IRAN HAS REALLY DONE IT...more deadlier than the nuclear..

The Voice (issue 264 -) ran an article beginning, ' Iran has really gone and done it now. No, they haven't sent their first nuclear sub in to the Persian Gulf . They are about to launch something much more deadly -- next week the Iran Bourse will open to trade oil, not n dollars but in Euros' This apparently insignificant event has consequences far greater for the US people, indeed all for us all, than is imaginable.

Currently almost all oil buying and selling is in US-dollars through exchanges in London and New York . It is not accidental they are both US-owned.

The Wall Street crash in 1929 sparked off global depression and World War II. During that war the US supplied provisions and munitions to all its allies, refusing currency and demanding gold payments in exchange.

By 1945, 80% of the world's gold was sitting in US vaults. The dollar became the one undisputed global reserve currency -- it was treated world-wide as `safer than gold'. The Bretton Woods agreement was established.

The US took full advantage over the next decades and printed dollars like there was no tomorrow. The US exported many mountains of dollars, paying for ever-increasing amounts of commodities, tax cuts for the rich, many wars abroad, mercenaries, spies and politicians the world over. You see, this did not affect inflation at home! The US got it all for free! Well, maybe for a forest or two.

Over subsequent decades the world's vaults bulged at the seams and more and more vaults were built, just for US dollars. Each year, the US spends many more dollars abroad that at home. Analysts pretty much agree that outside the US , of the savings, or reserves, of all other countries, in gold and all currencies -- that a massive 66% of this total wealth is in US dollars!

In 1971 several countries simultaneously tried to sell a small portion of their dollars to the US for gold. Krassimir Petrov, (Ph. D. in Economics at Ohio University ) recently wrote, 'The US Government defaulted on its payment on August 15, 1971 . While popular spin told the story of `severing the link between the dollar and gold', in reality the denial to pay back in gold was an act of bankruptcy by the US Government.' The 1945 Breton Woods agreement was unilaterally smashed.

The dollar and US economy were on a precipice resembling Germany in 1929.
The US now had to find a way for the rest of the world to believe and have faith in the paper dollar. The solution was in oil, in the petrodollar. The US viciously bullied first Saudi Arabia and then OPEC to sell oil for dollars only -- it worked, the dollar was saved. Now countries had to keep dollars to buy much needed oil. And the US could buy oil all over the world, free of charge. What a Houdini for the US ! Oil replaced gold as the new foundation to stop the paper dollar sinking.

Since 1971, the US printed even more mountains of dollars to spend abroad.
The trade deficit grew and grew. The US sucked-in much of the world's products for next to nothing. More vaults were built.

Expert, Cóilínn Nunan, wrote in 2003, 'The dollar is the de facto world reserve currency: the US currency accounts for approximately two thirds of all official exchange reserves. More than four-fifths of all foreign exchange transactions and half of all world exports are denominated in dollars. In addition, all IMF loans are denominated in dollars.'
Dr Bulent Gukay of Keele University recently wrote, 'This system of the US dollar acting as global reserve currency in oil trade keeps the demand for the dollar `artificially' high. This enables the US to carry out printing dollars at the price of next to nothing to fund increased military spending and consumer spending on imports. There is no theoretical limit to the amount of dollars that can be printed. As long as the US has no serious challengers, and the other states have confidence in the US dollar, the system functions.'

Until recently, the US-dollar has been safe. However, since 1990 Western Europe has been busy growing, swallowing up central and Eastern Europe ..
French and German bosses were jealous of the US ability to buy goods and people the world over for nothing. They wanted a slice of the free cake too.
Further, they now had the power and established the euro in late 1999 against massive US-inspired opposition across Europe , especially from Britain - paid for in dollars of course. But the euro succeeded.

Only months after the euro-launch, Saddam's Iraq announced it was switching from selling oil in dollars only, to euros only -- breaking the OPEC agreement.. Iran , Russia , Venezuela , Libya , all began talking openly of switching too -- were the floodgates about to be opened?

Then aero planes flew into the twin-towers in September 2001. Was this another Houdini chance to save the US (petro) dollar and the biggest financial/economic crash in history? War preparations began in the US But first war-fever had to be created -- and truth was the first casualty. Other oil producing countries watched-on. In 2000 Iraq began selling oil in euros.
In 2002, Iraq changed all their petro-dollars in their vaults into euros. A few months later, the US began their invasion of Iraq.

The whole world was watching: very few aware that the US was engaging in the first oil currency, or petro-dollar war. After the invasion of Iraq in March 2003, remember, the US secured oil areas first. Their first sales in August were, of course, in dollars, again. The only government building in Baghdad not bombed was the Oil Ministry! It does not matter how many people are murdered -- for the US , the petro-dollar must be saved as the only way to buy and sell oil - otherwise the US economy will crash, and much more besides.

In early 2003, Hugo Chavez, President of Venezuela talked openly of selling half of its oil in euros (the other half is bought by the US). On 12 April 2003, the US-supported business leaders and some generals in Venezuela kidnapped Chavez and attempted a coup. The masses rose against this and the Army followed suit. The coup failed. This was bad for the US.

In November 2000 the euro/dollar was at $0.82 dollars, its lowest ever, and still diving, but when Iraq started selling oil in euros, the euro dive was halted. In April 2002 senior OPEC reps talked about trading in euros and the euro shot up. In June 2003 the US occupiers of Iraq switched trading back to dollars and the euro fell against the dollar again. In August 2003 Iran starts to sell oil in euros to some European countries and the euro rises sharply. In the winter of 2003-4 Russian and OPEC politicians talked seriously of switching oil/gas sales to the euro and the euro rose. In February 2004 OPEC met and made no decision to turn to the euro -- and yes, the euro fell against the dollar. In June 2004 Iran announced it would build an oil bourse to rival London and New York, and again, the euro rose. The euro stands at $1.27 and has been climbing of late.

But matters this month became far, far worse for the US dollar. On 5th May Iran registered its own Oil Bourse, the IOB. Not only are they now selling oil in euros from abroad -- they have established an actual Oil Bourse, a global trading centre for all countries to buy and sell their oil!

In Chavez's recent visit to London; he talked openly about supporting the Iranian Oil Bourse, and selling oil in euros. When asked in London about the new arms embargo imposed by the US against Venezuela, Chavez prophetically dismissed the US as 'a paper tiger'.

Currently, almost all the world's oil is sold on either the NYMEX, New York Mercantile Exchange, or the IPE, London's International Petroleum Exchange.
Both are owned by US citizens and both sell and buy only in US dollars. The success of the Iran Oil Bourse makes sense to Europe, which buys 70% of Iran's oil. It makes sense for Russia, which sells 66% of its oil to Europe. But worse for the US, China and India have already stated they are very interested in the new Iranian Oil Bourse.

If there is a tactical-nuclear strike on - deja-vu - `weapons of mass destruction' in Iran, who would bet against a certain Oil Exchange and more, being bombed too?

And worse for Bush. It makes sense for Europe, China, India and Japan-- as well as all the other countries mentioned above -- to buy and sell oil in Euro's. They will certainly have to stock-up on euros now, and they will sell dollars to do so. The euro is far more stable than the debt-ridden dollar. The IMF has recently highlighted US economic difficulties and the trade deficit strangling the US-- there is no way out.

The problem for so many countries now is how to get rid of their vaults full of dollars, before it crashes? And the US has bullied so many countries for so many decades around the world, that many will see a chance to kick the bully back. The US cannot accept even 5% of the world's dollars -- it would crash the US economy dragging much of the world with it, especially Britain.

To survive, as the Scottish Socialist Voice article stated, 'the US, needs to generate a trade surplus to get out of this one. Problem is it can't.'
This is spot on. To do that they must force US workers into near slavery, to get paid less than Chinese or Indian workers. We all know that this will not happen.

What will happen in the US? Chaos for sure. Maybe a workers revolution, but looking at the situation as it is now, it is more likely to be a re-run of Germany post-1929, and some form of extreme-right mass movement will emerge...

Does Europe and China/Asia have the economic independence and strength to stop the whole world's economies collapsing with the US? Their vaults are full to the brim with dollars.

The US has to find a way to pay for its dollar-imperialist exploitation of the world since 1945..Somehow, eventually; it has to account for every dollar in every vault in the world.

Bombing Iran could backfire tremendously. It would bring Iran openly into the war in Iraq, behind the Shiite majority. The US cannot cope even now with the much smaller Iraqi insurgency. Perhaps the US will feed into the Sunni v Shiite conflict and turn it into a wider Middle-East civil-war.
However, this is so dangerous for global oil supplies. Further, they know that this would be temporary, as some country somewhere else, will establish a euro-oil-exchange, perhaps in Brussels.

There is one `solution' -- scrap the dollar and print a whole new currency for the US. This will destroy 66% of the rest of the world's savings/reserves in one swoop. Imagine the implications? Such are the desperate things now swimming around heads in the White House, Wall Street and Pentagon.

Another is to do as Germany did, just before invading Poland in 1938. The Nazis filmed a mock Polish Army attack on Germany, to win hearts and minds at home. But again, this is a finger in the dam. So, how is the US going to escape this time? The only global arena of total superiority left is military. Who knows what horrors lie ahead. A new world war is one tool by which the US could discipline its `allies' into keeping the dollar in their vaults.

The task of socialists today is to explain to as many as possible, especially our class, that the coming crisis belongs purely to capitalism and (dollar) imperialism. Not people of other cultures, not Islam, not the axis of evil or their so-called WMDs. Their system alone is to blame.

The new Iranian Oil Bourse, the IOB, is situated in a new building on the free-trade-zone island of Kish, in the Persian Gulf. Its computers and software are all set to go. The IOB was supposed to be up and running last March, but many pressures forced a postponement. Where the pressure came from is obvious. It was internationally registered on 5th May and supposed to open mid-May, but its opening was put off, some saying the oil-mafia was involved, along with much international pressure..

In 2007 Crude was traded around 60 usd. Everyone knows dollar was getting weaker and weaker day by day. Than US with the help of their two NYMEX & IPE exchange started rising the price of crude by Future trading on crude(called speculation). Today crude is around 140 usd. It means whole world that were paying 60 usd, now paying 140 usd, means demand of dollar increase to 230% and dollar start again rising.

Even OPEC recently that in hike of crude, 60% contribution is due to speculation (Future market).

Moral of story is USA has & will go to any lengths to destroy any nation to keep its monopoly of the dollar in the world....it's all about the money!!!

BUCKLE IN....IT COULD BE A ROUGH RIDE!!!

peace
 Quoting: Wake Up
Anonymous Coward
User ID: 774154
Canada
9/26/2009 9:06 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

GLP Mods are so full of shit -- They pin this shit!

Iran has been selling oil in the euro since 1999.

HEY FUCK-TARTS -- GET UP TO DATE


hiding


[link to www.lewrockwell.com]


The proves everything. You aren't going to find a governement link that tells you George Bush invaded Iraq because Saddam was selling his oil in the Euro, and neither will you find an Iranian governement link telling they were selling their oil in the Euro from 1999 either, this my friend you will HAVE to do using your GOD given BRAINS.

When the Euro came out in 1999 it traded below the USD and gradually strengthened and surpassed the USD. What you must determine is why the Euro gained that value. The Euro gained because it was and is becoming a reserve in many countries who trade with Europe. Russia trades +80% of its oil with Europe and +65% of their goods. Russia also sponsored and succeeded in throwing out the American regime in Iran during the late 70's (Shah).

When USA invaded Iraq the insurgents were armed by the Iranians, aka, Russia.

Believe what you want, believe that GWB invaded Iraq because of WMD's.... Its all good as far as I'm concerned!!!

peace

Saddam wasn't the first and only to sell his oil in the Euro in 2000, if you believe this then explain why the USD kept devaluing against the Euro after George Bush in 2001 reclaimed Iraqi oil wells and quickly re-denominated the precious crude to US dollars again.

The answer is because Iran was already selling its oil in the Euro and invited Iraq and Venezuela to do the same. We know Saddam's fate but what of the attempt made on Chavez? Chavez wasn't selling his oil in the Euro.

Hugo Chavez was causing even greater troubles for the US by bartering his precious crude giving countries who held US reserves the opportunity to rebel against the US where they once couldn't because the Euro had become to expensive to covert their US holdings to purchase the necessary oil in Euros and meet their requirement. Now latin american countries could barter with what they produced, CUBA for instance sent doctors and nurses to Venezuela for its crude. This angered the American people who in 2002 had their CIA mount a coup d'etat against Chavez that miserably failed, I guess 'Made in the USA' doesn't carry the same clout it once did.

Moral of the story, Iran was selling oil in Euro since 1999

bump bump
 Quoting: Anonymous Coward 774154
Mercury
User ID: 780500
Hungary
9/26/2009 9:16 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

I realise the above post is off-topic, and the OP made a valid point to me. When Iraq defaulted from the dollar base, war was decided. When Iran does the same thing ... ?
No wonder the Qum revelations struck today. New discovery for the MSM, but they have been monitoring this secret power plant for months now. I think the waited for three things:

1. The Iranian opposition could dismantle Ahmadinejad. Meagre chance, but worth waiting for. Passed.

2. Would the Iranians dare to announce a switch for EURO? They did that a few days ago.

2. The audit of the Federal Reserve. If bad news was going to come out, we have to make a new war to deflect attention from crumbling US finances, then even make some dough in the process and perhaps reestablish the dollar as queen. The news is bad, explosive, Obama could not handle it. So he says, let's now side with Brown and SArközy after consulting everyone else.

Why make sudden threats internationally when the information is ready for several months? The only thing in this strategy that seems to have been well thought out is that the US should wait, if the revolution succeded (no dount helped by the West), it's all too easy. There was still a chance with Twitter and mass protests going on. It was like a country crying out: We are ready to be dethroned! Like 1956, but this time there were no Russian occupiers. the regime was pushed into its most extremist state to date by cruel and ununderstanding Western warmongers. Even a Fascist or Communist state can be well controlled and suppressed by the thought the whole world is against us. Again, if the money bubble is not so bad as some said it would be, you may not sure there is a war needed. It is dangerous and unpredictable.

My remaining question: would the try out new Tesla weapons on Iran? A few earthquakes were sent to them as warning already...
I grieve if that famous culture with its beautiful music and language would be powdered to dust because of the financial elite. (Who put the Shah there? KErmit Roosevelt did. And he did not even croak in time.)
arcaneshift
User ID: 775044
United States
9/26/2009 10:07 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Wake Up!!! This post gets 5 stars in my book great read . And I have always contended that if you want to know the motivation behind half of these conflicts follow the money trail or in this case the Euro definitaly comes out on top
Jos
User ID: 389137
United States
9/26/2009 10:36 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Sorry to burst YOUR bubble, but those vaults bursting
with dollars have all been converted into electronic digits, and they're as valuable as ever. The U.S. controls,
politically, by deed, militarilly, 2/3 of the worlds resources, and the remaining third goes nowhere unless we say so.
Anonymous Coward
User ID: 771809
Cyprus
9/26/2009 10:58 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Sorry to burst YOUR bubble, but those vaults bursting
with dollars have all been converted into electronic digits, and they're as valuable as ever. The U.S. controls,
politically, by deed, militarilly, 2/3 of the worlds resources, and the remaining third goes nowhere unless we say so.
 Quoting: Jos 389137



The vaults may be full, but the $ is just worthless paper. America is trying to control the oil resources of the world so it can continue being No. 1, but it's not going to happen. The tables have turned and it's now China who is grabbing the world's resource.
anonymous
User ID: 780430
United States
9/26/2009 11:18 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

STAY ON TOPIC!!!! THIS THREAD IS NOT ABOUT RELIGION!!!
peace
 Quoting: Wake Up

we do not hav e thread police on glp... stocks were overpriced in most countries ..derivitives are always risky ....many factors cauise global meltdown in all countries ......all countries had super hyperinflation that was finnaly unsubstainable and oil prices were a root cause of hyperinflatons .. ..
anonymous
User ID: 780430
United States
9/26/2009 11:21 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

Iran should be free to tarde in whichever currency it so pleases, but I think there is some Russian & Chinese input here.
 Quoting: Anonymous Coward 780413

china does not want nuclear armed iran.
Anonymous Coward
User ID: 780580
United States
9/26/2009 11:49 PM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

bsflag



propoganda
Anonymous Coward
User ID: 777247
United Kingdom
9/27/2009 1:35 AM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

bsflag



propoganda
 Quoting: Anonymous Coward 780580

iamwith
Coameric99
User ID: 781569
United States
9/28/2009 10:31 AM
Re: IF WE GO TO WAR WITH IRAN IT'S NOT BECAUSE OF NUCLEAR WEAPONS!!!Quote

What is the oldest bible and language?
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