The Iranian Oil Exchange Proposal and the Demise of the Dollar

[LetsGoMurphys]

This is a great article and makes total sense. I believe this is the real reason we are at war, and the real reason that we will indeed go after Iran.

The Proposed Iranian Oil Burse
by Krassimir Petrov

<http://www.masternewmedia.org/news/2006/01/23/the_iranian_oil_exchange_proposal.htm>



Thus, Imperial survival dictated that oil be sold only for dollars. It also dictated that oil reserves were spread around various sovereign states that weren't strong enough, politically or militarily, to demand payment for oil in something else. If someone demanded a different payment, he had to be convinced, either by political pressure or military means, to change his mind.

The man that actually did demand Euro for his oil was Saddam Hussein in 2000. At first, his demand was met with ridicule, later with neglect, but as it became clearer that he meant business, political pressure was exerted to change his mind. When other countries, like Iran, wanted payment in other currencies, most notably Euro and Yen, the danger to the dollar was clear and present, and a punitive action was in order.

Bush's Shock-and-Awe in Iraq was not about Saddam's nuclear capabilities, about defending human rights, about spreading democracy, or even about seizing oil fields; it was about defending the dollar, ergo the American Empire. It was about setting an example that anyone who demanded payment in currencies other than U.S. Dollars would be likewise punished....

snip:

The Iranian government has finally developed the ultimate "nuclear" weapon that can swiftly destroy the financial system underpinning the American Empire. That weapon is the Iranian Oil Bourse slated to open in March 2006. It will be based on a euro-oil-trading mechanism that naturally implies payment for oil in Euro. In economic terms, this represents a much greater threat to the hegemony of the dollar than Saddam's, because it will allow anyone willing either to buy or to sell oil for Euro to transact on the exchange, thus circumventing the U.S. dollar altogether. If so, then it is likely that almost everyone will eagerly adopt this euro oil system



"If, for any reason, the dollar lost its oil backing, the American Empire would cease to exist."

[davhill]

1. So what became of the Burse

Which was suppose to open last month?

[LetsGoMurphys]

3. people suspect that it is in the works but has been

kept completely silent for the time being.

[Taxloss]

2. ".... the Iranian Oil Bourse slated to open in March 2006" ...

...Has it opened yet? If so, with what effect? It sounds like a very interesting idea. Is it designed as an economic weapon against the USA, or do the Iranians just see it as a way to get a better deal? (With the damage to the USA being ahappy accident for them I suppose.)

[Extend a Hand]

5. No new date rumors yet, but

this site has a picture of the rumored location:
http://www.worldpress.org/Mideast/2314.cfm
A new building under construction on Iran's Kish Island. The island's free trade zone is the alleged location for the up-coming Iranian oil bourse. (Photo: Webshots)


edited to add-- well dangit, I can't figure out how to get the picture in here :(
but it's at the link

[Taxloss]

8. Interesting stuff, thanks. n/t

[RufusEarl]

4. Bingo, thats what happened in Iraq. And it will happen in Iran,

if the US can't stop Iran for going forward with the oil bourse. You're correct it was suppose to happen in March 2006, but for some reason it was postponed until June 2006.

The almighty greenback; The greenback is the way all oil in the world is traded, and if any country tries to sell it's oil on any market in the world using anything other then the US greenback it will be open to attack by the US.

Here's a link that explains it pretty well, it's always about money!

http://informationclearinghouse.info/article12356.htm

[LetsGoMurphys]

6. Time to buy gold. n/t

[RufusEarl]

9. SIlver is cheaper!

I was at a friends house over the weekend and a the mailman knocked on the door, my friend walked outside with the mailman come back in a few minutes carrying a large box and a plastic bucket.

The cardboard box had @ $20,000 worth of gold coins and the plastic bucket was full of silver coins.

I couldn't believe they sent gold and silver through the US mail, but there it was on the dinning room table.

This friend told me that silver was the way to go, it's much more stable in price. I can't buy either, but if i were to invest i believe it would be in silver coins.

[LetsGoMurphys]

10. It's scary to think we might have to rely on such

'surivalist' techiques such as buying gold and silver. Truly a bad sign.

[RufusEarl]

12. I agree, surviving is something i've never wanted to do.

But i have given it allot of thought lately, and have read a few books on the subject. One of the things that should be considered is renewable energy, for private use.

I've also read that one should stock up on items to barter with in case the dollar bits the dust, such as hand tools. But like i said i've never been one to want to survive hell i want to really live while i'm here on earth.

Good luck, and i really mean that! Oh! one thing that one of the books i read said to do was to form a group of like minded people, and purchase land in a remote part of the country. one can find allot of information on the net about this subject, it may be important in the near future.

Peace!

[zulchzulu]

7. Absolutely the REAL reason for "war" with Iran: EUROS!!!

Good article...thanks.

[Bushwick Bill]

11. No One Really Knows What Is Going On

William Clark is the petrodollar guru. Here is his take.
http://lifeaftertheoilcrash.typepad.com/life_after_the_oil_crash_/2006/03/petrodollar_war.html

Iran says it is still going through with it.
http://www.informationclearinghouse.info/article12605.htm