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Guest Post: Iran Opens Oil Bourse - Harbinger Of Trouble For New York And London?

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Submitted by John Daly of Oilprice.com

Iran Opens Oil Bourse - Harbinger of Trouble for New York and London?

The last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of “free markets.” Wall St has been revealed as a form of casino economy, with the bankster insiders gambling with other people’s, and eventually, the government’s money in the form of bailouts. As the Republicans in Congress, scenting victory in the 2012 presidential elections, hold a gun to the Obama administration’s head and rating agencies consider downgrading U.S. government bonds in light of Washington’s possible defaulting, many ideas around the world that previously seemed implausible because of the dominance of the U.S. economy are garnering renewed interest.
 
Not surprisingly, many of these concepts originate in countries not enamored with Washington’s influence, perhaps none so more than “Axis of Evil” charter member Iran, which has seen its economy hammered by more than three decades of U.S.-led sanctions. Now Iran is working a program, that, if it succeeds, could help undermine the dollar’s preeminence as the world’s reserve currency more effectively than a Republican filibuster.
 
Iran’s sly weapon against the Great Satan’s currency? An oil bourse on Kish Island in the Persian Gulf, which has now begun selling high-grade Iranian crude oil.
 
Mohsen Qamsari, deputy director for international affairs of the Iranian National Oil Company was modest about the exchange’s initial capabilities, saying, "The commodity stock exchange has been pursuing a mechanism for offering crude oil on the stock exchange for a long time, and it has taken the preliminary steps, to the extent possible. Considering the existing banking problems, foreign customers are not expected to be taking part in the first phase of offering crude oil on the stock exchange, and this will be done on a trial basis. Today Bahregan heavy, high quality, low sulfur crude oil with less sourness will be offered on the stock exchange for the first time. In the first phase, a 600,000 barrel shipment will be offered."
 
Given that the world currently consumes roughly 83 million barrels of crude oil each day, the initial oil offerings at the Iranian stock exchange are hardly going to make or break the market, but they do represent an attempt by a significant oil producer to divert revenue streams from New York Mercantile Exchange, the world's largest physical commodity futures exchange, which handles West Texas Intermediate benchmark futures, and London's Intercontinental Exchange, which deals in North Sea Brent. All trades are in dollars, effectively giving the U.S. currency a monopoly.
 
The Kish Exchange dates back to February 2008, when instead of Tehran, Kish was chosen because it had designated as a free trade zone. The Exchange was set up to trade contracts in euros, Iranian rials and a basket of other currencies other than dollars. The previous year, Iran had requested that its petroleum customers pay in non-dollar currencies. But the Exchange initially traded contracts only for oil-derived products, such as those used as feedstocks for plastics and pharmaceuticals.  Now the institution has taken the next step.
 
Even as Congress remains tone-deaf to the recession’s effect on American jobs and the economy, others have taken careful note. On 17 June 2008, addressing the 29th meeting of the Council of Ministers of the OPEC Fund for International Development in the Iranian city of Isfahan, Iranian President Mahmoud Ahmadinejad told those in attendance, "The fall in the value of the dollar is one of the biggest problems facing the world today. The damage caused by this has already affected the global economy, particularly those of the energy-exporting countries. ... Therefore, I repeat my earlier suggestion, that a combination of the world's valid currencies should become a basis for oil transactions, or (OPEC) member countries should determine a new currency for oil transactions."
 
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. In 2010 Iran supplied about 12 percent of China's total crude imports. According to the latest report of the China Customs Organization, Iran's total oil exports to China stood at 8.549 million tons between January and April 2011, up 32 percent compared with the same period last year. Iran is currently China's third largest supplier of crude oil, providing China with nearly one million barrels per day.

China simply ignores Washington’s squeals about sanctions, but it is concerned about the bottom line, and unless Iran makes its oil prices more attractive versus competing supplies from the rest of the Middle East or South American exporters, it may be hard for the OPEC member to boost its share in the rapidly expanding Chinese market.
 
Enter the Kish Exchange.
 
China's Ambassador to Tehran Yu Hung Yang, addressing the Iran-China trade conference in Tehran on Monday, said that the value of the two countries' trade exchanges surged 55 percent during the first four months of 2011 over the same period a year ago to $13.28 billion and further predicted that the figure would surpass $40 billion by the end of the year.
 
So much for sanctions, eh?
 
So, while Washington prepares to commit political hara-kiri, Iran is preparing to take away a little of the capitalist glow from New York and London. If the Chinese decide to start paying for their Iranian purchases strictly in yuan, expect the trickle away from the dollar in energy pricing to become a stampede. That ought to give Washington politicos an issue to think about besides gay marriage.

 


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Tue, 07/19/2011 - 18:20 | Link to Comment The Count
The Count's picture


Iran Opens Oil Bourse - ?

The bombers are being prepped. We do not let anybody mess with our ponzi schemes.

Tue, 07/19/2011 - 18:29 | Link to Comment Waffen
Waffen's picture

This is no joke. We go to war about this kind of thing, much more so then terrorism.

Tue, 07/19/2011 - 18:34 | Link to Comment Rick64
Rick64's picture

This is terrorism they hate our reserve currency status, I mean freedom.

Tue, 07/19/2011 - 19:05 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

The bourse is the source, for force, of course.

Tue, 07/19/2011 - 19:23 | Link to Comment Strider52
Strider52's picture

Cheesy, now that's damn funny.

Tue, 07/19/2011 - 19:33 | Link to Comment Problem Is
Problem Is's picture

Not when the DC corrupt, worthless, moronic politicos ARE the rear end of Mr. Ed...

Tue, 07/19/2011 - 20:23 | Link to Comment MobBarley
MobBarley's picture

True true. North Korea, Iran, Venezuela, Cuba. What do these countries have in common?

Rejection of the COUGHRothchildCOUGH* banking establishment.

They're an AXIS OF EVIL I tells yah.

 

 

Tue, 07/19/2011 - 20:41 | Link to Comment Infinite QE
Infinite QE's picture

Don't forget dear old Libya, where the `rebels', after a hard days fighting, still had the energy to gather at night to form, from scratch of course, a new central bank. Wonder who owns that!

Tue, 07/19/2011 - 23:52 | Link to Comment eureka
eureka's picture

Yeah -uncle pedophile Sam has his dirty olde hands everwhere they don't belong - never the less, his self-righteous sanctions are smanctions, his PentaGun's on the run and his bankster scum is fucking dum - like uncle himself, pants down below his knee for all to see.

Wed, 07/20/2011 - 03:16 | Link to Comment Popo
Popo's picture

Saddam tried this in 2000.    (I can't believe that CNN.com hasn't deleted this story by now!)

http://archives.cnn.com/2000/WORLD/meast/10/30/iraq.un.euro.reut/

 

 

 

 

Wed, 07/20/2011 - 03:45 | Link to Comment speedy
speedy's picture

Why should they delete the story?

It's still there so you can link to it as support for your assertion that Saddam tried it in 2000.

Wed, 07/20/2011 - 03:47 | Link to Comment speedy
speedy's picture

deleted. (double post)

Wed, 07/20/2011 - 04:52 | Link to Comment StychoKiller
StychoKiller's picture

One for the left, one for the right (ooh yeah!)

Wed, 07/20/2011 - 06:54 | Link to Comment malikai
malikai's picture

Yea, and that worked out so well for him. One has to wonder if the Iranians learned anything from Saddam. False flag and invasion imminent.

Wed, 07/20/2011 - 01:11 | Link to Comment geotrader
geotrader's picture

+1

Tue, 07/19/2011 - 19:40 | Link to Comment Infinite QE
Infinite QE's picture

But they don't use the currency that we endorse...

Tue, 07/19/2011 - 19:58 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Then I saw a rider on a pale horse...

Tue, 07/19/2011 - 20:28 | Link to Comment Manthong
Manthong's picture

Boom! They're all damn dead.

Tue, 07/19/2011 - 19:05 | Link to Comment Alpha Monkey
Alpha Monkey's picture

They hate our reserve currency status and the way we utilize it to manipulate the global economy.

Tue, 07/19/2011 - 18:35 | Link to Comment ThoughtCriminal
ThoughtCriminal's picture

me thinks The Count is not joking

Tue, 07/19/2011 - 19:47 | Link to Comment dark pools of soros
dark pools of soros's picture

it's the ONLY thing we go to war about.  Oil and how it is bought.  Go back and look at the timeline when Bush said mission accomplished and when Iraq was forced to go back to selling ol for dollars and hold $$ instead euros

Tue, 07/19/2011 - 22:46 | Link to Comment CrazyCooter
CrazyCooter's picture

Yup, but the historical timeline is much longer than Iraq (at least I think). I have a very low volume blog for family and such, but I occasionally bang the drum for those that listen and are willing to learn/adjust. Anyone that doesn't understand how this means WWIII is welcome to read my take on the event.

http://allthefederales.blogspot.com/2011/07/cooter-youre-crazy.html

I would love constructive counter opinions and such. I am here on ZH to learn and keep up and I certainly don't know everything. However, I do think I got this one more or less nailed down.

Best of luck to all, be safe, snag those PMs, and have a plan when things get ugly because I think it will be before too long.

Regards,

Cooter

Wed, 07/20/2011 - 11:47 | Link to Comment Urban Redneck
Urban Redneck's picture

The settlement currency of the oil trade was not the reason for the invasion of Iraq or Libya.  In the larger scheme of things and outside the myopic view of US policy- the medium of exchange for pricing and trade settlement is irrelevant, the trade could be settled in donkey dicks instead of dollars.  The issue of what the medium of exchange is then exchanged into is far more important (see OPEC demographics, Greenspan ZIRP, and the nixing of the DPW deal by the Bush administration for key turning points since the gold window closed). 

The people who have wealth (outside of bankers) and the people who have oil don't measure their wealth in any fiat medium of exchange that a pencil dick bureaucrat can create out thin air.  They never have and never will.  Even bankers, once they reach a certain level- diversify into measures of wealth that cannot be conjured at will: land, art, yachts, jets, horses, etc.  Access to a supply of oil, however, has been key to foreign policy development since the beginning of the twentieth century and greatly accelerating with the conclusion of the first World War.

The dates you highlighted in you blog '33, '64, and '71 have a different significance in the oil industry.  The original Aramco concession was signed in '33, denominated and settled in gold (which US oil companies had to source from the UK to circumvent FDR), '64 was the peak in worldwide discoveries (including the North Sea which would have a great impact on UK foreign policy priorities) and the nationalization of the 24% US controlled IPC (Iraqi Petroleum Company), and '71 was the British withdrawal from the Persian Gulf and OPEC nationalizing many concessions held by western oil companies, later to also be also identified as the peak of domestic US production.

The ties between oil and gold are long and deep.  At the turn of the century much of international trade was settled in physical gold.  Following the conclusion of WWI and the collapse of the Ottoman Empire, long before the UK developed its fetish for drawing perverse lines on maps with unintended long term consequences, Gulbenkien was drawing his famous Red Line (Mr. 5% and one of the true PTBs of the twentieth century, who is also ironically linked to the two predominate understandings of the Golden Rule).  

There is a fairly rudimentary timeline at the link below, that combines events from the oil industry and US monetary and foreign policy.  The perspective is narrow, biased, and US based, it's woefully incomplete, and it draws several erroneous conclusions, but its better than nothing and much easier to digest then a handful of thousand page tomes.    

http://www.naturalhub.com/slweb/fading_of_the_oil_economy_timeline.htm

Wed, 07/20/2011 - 11:48 | Link to Comment zapdude
zapdude's picture

I read your Blogger post.  Excellent history & analysis here, please keep up the good work, Cooter! 

One related story -- or a red herring -- to the Iranian oil bourse in 2008 was the multiple underwater fiber optic lines that were cut around the middle east.  These cuts were allegedly 'accidental' due to a ship's anchor dragging along on the ocean floor, but the timing and proximity to Kish island is very uncanny... 

Tue, 07/19/2011 - 18:32 | Link to Comment Rick64
Rick64's picture

 Time for some western style democracy and freedom whether they want it or not.

Tue, 07/19/2011 - 19:52 | Link to Comment Zero Govt
Zero Govt's picture

Yep Defo' a kick-off for war... anyone mentions selling Oil in anything but USD and along come the International Goon Squad (US Military)... nothing like dropping 200lbs of high explosive per square meter on a country to show your expertise at foreign policy negotiating skills... very advanced nation the US  ...and what a 'winner' that is around the globe

Tue, 07/19/2011 - 19:50 | Link to Comment Jack Burton
Jack Burton's picture

Indeed! This means war. Perhaps not straight off, but if ever Israel needed US backing to attack Irans nuclear program, this Iranian move has opened the door to 100% US support for Israel starting a conflict over the nuclear program and giving the US excuse and cause to step in and end Iran as an oil exporter and regional power.

At the present state of things, the US is very badly placed to take on a new Iranian war, BUT, and this is a big but, this Iranian oil market is a threat to US dollar reserve currency status and this status is most important to continued US great power status.

Time will tell, but any honest person can see the forces of war gathering and this news simply adds to the possibility that Israel gets a green light to hit Iran and the US will join in with a massive air campaign to defend Israel and eliminate Iran's troublemaking in the oil markets.

Plus a real war would distract Americans from austerity and unemployment and unleash pent up patriotism that has died down since the heady days of the Afghanistan and Iraq conquests. Marc Faber predicted this and he probably was correct. After massiv emoney printing fails, they will take the US to war.

Tue, 07/19/2011 - 20:19 | Link to Comment WonderDawg
WonderDawg's picture

As you say, it's the perfect set-up for a US-supported Israeli attack on Iran. It's almost like a script has been written. We need a war and Iran is saying, "I'm your Huckleberry".

Wed, 07/20/2011 - 08:27 | Link to Comment DrunkenMonkey
DrunkenMonkey's picture

Indeed, a bit too convenient ..

Tue, 07/19/2011 - 21:29 | Link to Comment Non Passaran
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How is this a threat to US dollar reserve currency status?
Dream on...

Tue, 07/19/2011 - 22:52 | Link to Comment CrazyCooter
CrazyCooter's picture

+idiot

Regards,

Cooter

Wed, 07/20/2011 - 00:28 | Link to Comment Dugald
Dugald's picture

Use a bunch of unemployed to make uniforms etc and another bunch to fill them, huge reduction in the unemployed, and a good increase in canon fodder...Wave the flag, Yankee doodle an all that jazz.......and your problem is?

Wed, 07/20/2011 - 06:26 | Link to Comment onthesquare
onthesquare's picture

if you guys (the USA) are going to war for some semi-sweet crude then we (Canada, Britain, France, etc.) would like to participate; in a humanitarian way of course.

We could make sandwiches, or buy bombs just to make sure that when the spoils are divided we would get a piece of the pie. Who knows eventually Russia may even see the evil in Iran and jump in for humane reasons. Oil is, of course just the consolations prize.

Rupert could cover the progress of this humane rescue and all the sheeple would be happy.

Wed, 07/20/2011 - 03:13 | Link to Comment Popo
Popo's picture

Israel will almost certainly attack now.   But I don't believe that it is "Israel that needs backing".   It is Israel that is instead, doing the direct bidding of America.  

All wars are now proxy wars.   Israel will do our bidding, and Israel will take the heat from the international community.  In exchange,  we will supply Israel with money and weapons to insure her regional hegemony.

It should also be said that the Saudis will be fully behind this war.   The last thing they want is Iran on the ascendancy.  

In exchange for supporting the US/Israel invasion of Iran, the Saudis will get a similar deal to the Israelis:  Weapons to insure that the House of Saud can control its population which is boiling over with rage.  

And if anyone has any doubts of what will happen next,  take a look at this CNN article from 2000:

http://archives.cnn.com/2000/WORLD/meast/10/30/iraq.un.euro.reut/

 

Enough said.

Wed, 07/20/2011 - 08:31 | Link to Comment malikai
malikai's picture

Just one problem.. What will the Saudi, Iraqi, Bahrani, Pakistani, and Afghani plebians think of the Jews' attack against their 'brothers' in Iran? I understand there to be quite a few Shiites in Saudi as well as Bahrain. That will not go down easy with them, let alone the rest of the muslims who will see any attack by Israel on a muslim country as outright jihad.

I put the odds on an unprovoked Israeli attack against Iran at 1 in 1000.

OTOH, I put the odds of a false flag and "coalition of the kleptocrats" invation at 1 in 2.

Wed, 07/20/2011 - 07:58 | Link to Comment snowball777
snowball777's picture

I don't believe NuttyYahoo needed much "bidding"...it's more like the US has decided to let its little barking Rottweiler off the chain.

 

Tue, 07/19/2011 - 18:21 | Link to Comment Quinvarius
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In other news, Israel updates it's ballistic missile targets.

Tue, 07/19/2011 - 19:57 | Link to Comment Zero Govt
Zero Govt's picture

do we get to input?  ..my votes the Isaeli Parliament building

Tue, 07/19/2011 - 18:27 | Link to Comment freethinker4now
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Wonder if this is why the Navy have been moving nearer to Iran?

Tue, 07/19/2011 - 18:46 | Link to Comment Steaming_Wookie_Doo
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Without a doubt in my mind. I'm sure it's pissed off the Empire that Iran hasn't flat out died despite sending Saddam after them for 8 yrs, 30+ yrs of sanctions, etc. Now they are challenging the petro-dollar hegemony. They may pay a heavy price for this, but have some big friends standing behind them. No ordinary chess game here.

Tue, 07/19/2011 - 19:01 | Link to Comment mayhem_korner
mayhem_korner's picture

Insightful, Wook.  Exactly who is hiding in the bushes and how far "they" will source the cold war eminating from Tehran is big.  And it is interesting how the attack has been incessantly at the soft (economic) underbelly of the U.S.

Tue, 07/19/2011 - 19:22 | Link to Comment gangland
gangland's picture

+ 98.20 Wook

Tue, 07/19/2011 - 20:37 | Link to Comment Manthong
Manthong's picture

They are Persians and likely the Arabs would rather we run the show in their sandbox than Iran.

It is fortunate though, that the Iranians are providing a nuclear justification for some intervention there.

If we could only get some country over there to be a proxy for getting the party rolling.

Hmmm.. I wonder who might be up to the task.....

Wed, 07/20/2011 - 00:34 | Link to Comment Dugald
Dugald's picture

Who is hiding in the bushes does not matter, its the size of their logistics that does.....

Tue, 07/19/2011 - 23:39 | Link to Comment SoNH80
SoNH80's picture

Iran, Turkey, Israel, Pakistan, India, China, Russia, Saudi Arabia, and the U.S. and A., circling each other with pistols drawn.  The Iranians have thrown down the gauntlet with this move.  It's like flicking a spitball onto the big jock dickhead wanker in the cafeteria, sure to lead to some kind of action.

Tue, 07/19/2011 - 23:40 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Well said steaming.

ORI

Tue, 07/19/2011 - 19:30 | Link to Comment candyman
candyman's picture

I thought wars were supposed to help the economy, and with three already churning, why the stagnation and high unemployment? I think the book is being rewritten.

Tue, 07/19/2011 - 22:57 | Link to Comment CrazyCooter
CrazyCooter's picture

WAR IS PEACE, FREEDOM IS SLAVERY, and IGNORANCE IS STRENGTH, but above all else FIAT IS MONEY!

Regards,

Cooter

P.S. I abhor caps, but it is a cut-and-paste from Wiki, and I am too lazy to retype it. Well, except for the FIAT IS MONEY part, that was mine. But I couldn't be asymmetrical on ZH. Some pedantic troll would bust me.

Wed, 07/20/2011 - 03:55 | Link to Comment speedy
speedy's picture

Junked because the explanation for your post was longer than the post it'self.

Copying stuff from Wiki is hardley presenting original thought.

Wed, 07/20/2011 - 08:02 | Link to Comment snowball777
snowball777's picture

Highly dependent on being the last country standing with a functioning economy..."to the victor..." and all that jazz.

 

Tue, 07/19/2011 - 18:30 | Link to Comment PaperBugsBurn
PaperBugsBurn's picture

Fucking right! Now isntreal and the other banksters are gonna start a war with Iran to not only defend the dollar but attempt to control china through oil. Forget about that SDR though!
Golden nukes and worldwide terrorism (real kind) here we come!!
Yaay!!

Tue, 07/19/2011 - 18:31 | Link to Comment There is No Spoon
There is No Spoon's picture

Saddam tried to price oil in euros, Qaddafi tried to price oil in gold. US used UN cover for Libya, this time it looks like Israel will be the cover. Here comes a proxy war - US/Israel vs China/Iran.

Tue, 07/19/2011 - 18:45 | Link to Comment spear-x
spear-x's picture

Me thinks US-NATO/Israel/India vs China/Russia/Pakistan/Iran

Tue, 07/19/2011 - 19:04 | Link to Comment Itsalie
Itsalie's picture

Nato? Well Rob Gates thinks they sucked big time - ran out of ammo afetr 3 weeks in Lybya. India ? You been watching too much murdoch-news son! last I heard the Indians refused to buy yankee-made fighters F16/F18/F15 - did not even make their preliminary assessment but obliged Obama by including it on the initial list, now its definitvely removed from their final 2 short-list. They are not on your side for sure.

Tue, 07/19/2011 - 19:18 | Link to Comment Raynja
Raynja's picture

india has no choice with pakistan and china on their borders. even if they don't have the most advanced weapons they have plenty of poor people and us senators can always think of new and creative ways to see poor people get killed.

 

spear-x you left the saudis off our team and venezuala off the opposition

Tue, 07/19/2011 - 19:57 | Link to Comment Jack Burton
Jack Burton's picture

US state department also announced today US full support for India's right to take defensive measures to defend themselves against terror attacks. That reads "Green Light for actions against Pakistan".

No matter how you cut it, war is looking very likely and very widespread.

Also in the news today was a US threat against China saying Chinese actions in the disputed south china sea island was considered a vital US interest. Those are fighting words to China, the US declaring SOuth Cina sea islands vital US security interests. It is as if China declared the Florida Keys vital Chinese interests.

War on a grand scale is becoming more likely by the day.

Tue, 07/19/2011 - 20:30 | Link to Comment spanish inquisition
spanish inquisition's picture

US state department also announced today US full support for India's right to take defensive measures to defend themselves against terror attacks.

Mumbai was a standard CIA playbook bombing and now we want to "help" them.

Reminds me of an old Far Side with the guy in his living room holding a brick that reads "Bricks through your window? Call Al's glass"

Tue, 07/19/2011 - 23:48 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Everyone up this thread on the India situation is unfortunately correct.

Ever since the US decided to abandon Pakistan to bomb and become India's "friend", we have been a part and victim of the war on terror.

Meanwhile recently demobbed israeli's romp up and down th ecountry with impunity, distributing drugs and running high end prostitution.

India is a pathetic vassal state now, firmly in the grip of MosUSad.

Not pretty.

ORI

http://aadivaahan.wordpress.com/2010/07/13/whither-india/

Wed, 07/20/2011 - 03:18 | Link to Comment New World Chaos
New World Chaos's picture

The tentacles run deep, I see.  Sucks to live in one of their puppet states (I should know).  Perhaps after the attacks on Iran, Iran will attack Saudi Arabia's oilfields and China will dump the bonds of Israel's co-aggressor and #1 puppet state.  1-2 sucker punch to America's soft underbelly.  Just the sort of grey swan to get this party started.  Party has to start this year so it can be going full swing by Dec. 2012 when the guests of honor show up.

Look forward to seeing your photos of vimana cave paintings.

Wed, 07/20/2011 - 03:32 | Link to Comment i-dog
i-dog's picture

Thanks for your valued perspective from India, ORI.

Interesting times! India's 'medium multi-role' fighter jet snub of the US is most interesting...especially since the live demonstations of the French Rafale and Euro Typhoon in the 'Libyan Games' have been at an opportune timing. Also, let's not forget the joint venture between Russia and India to build the Sukhoi T-50 '5th generation' fighter, instead of India going with the US F-35 JSF ;)

Maybe the Indians are also aware that the US won't be able to deliver anything NOT made in China after Sept/Oct 2012! LOL.

Given that: Obomber is a Russian (marxist) Manchurian Candidate; the EU is a marxist 'experiment'; China (marxist) is an EU ally; Pakistan is a Chinese protectorate; Russia is smugly sitting on the sidelines with a shitload of resources; and, now, India is apparently snubbing the US MIC, it would appear that the US neocons are running out of buddies to help them protect their oil and opium supplies!

Unlike others here, I don't see a war between China and anybody else---particularly not the US. No need: the US is self-destructing and will soon be turning its military prowess onto "protecting" its own people from "all the terrorists" among them! I think the next war will be between Israel and Iran, probably ignited between Israel and Syria in 2 months time, in an NWO exercise of attempted mutual destruction of the fundamentalist joos and mooslims.

The NWO has long used religion as one of their hegelian dividers, but their end objective is NO religion other than worship of the global central state (the last thing they need, when/if they gain global central control, is the serfs being distracted from their work by arguments over invisible friends) ... so, Netan-the-yahoo's days may soon be numbered. We'll soon see.

Wed, 07/20/2011 - 07:17 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Sure thing i-dog. And I'll tell you this too, and I think you kNWO it anyways. Even this is just the surface layer. Deeper and deeper and farther and farther back the thread keeps running, to exhaust even the most intrepid amongst of us.

One heck of a story we are getting to be party to!

;-)

ORI

Wed, 07/20/2011 - 07:38 | Link to Comment spanish inquisition
spanish inquisition's picture

The plague of financial locusts are upon India.

Wed, 07/20/2011 - 08:55 | Link to Comment SoNH80
SoNH80's picture

ORI, I am sorry to read that the Non-Aligned Movement is Inoperative.  India grasped the stupidity and futility of Hegelian politics right off the bat.  They also historically bought Russian hardware.... how are things with the Russians right now?  I understand that the alliance still stands, but correct me if I'm wrong.... the only 'real' reportage on India that we get over here is British, and you know what that is all about....

Wed, 07/20/2011 - 11:29 | Link to Comment i-dog
i-dog's picture

Hey ORI,
See my other post below to see if we're on roughly the same page. One of the early chapters in my 'book' dates back to 1991 BC, when "Abraham" first appears on the throne in Egypt and introduces the world to a monotheistic god. :)

Wed, 07/20/2011 - 12:43 | Link to Comment Oh regional Indian
Oh regional Indian's picture

It ties together that far and a whole lot farther back i-dog. One deep well, this deceitful well of lies that is currently "religion".

ORI

 

 

 

Wed, 07/20/2011 - 12:41 | Link to Comment Oh regional Indian
Oh regional Indian's picture

SoNH, it is a strange world and NAM was a sham, just like the UN. It has a purpose, but it stands now in all but name.

As for Russia, I'll share this tidbit from Pandora's box.

Sonia Gandhi, currenly the most powerful woman in India is the daughter of an Italian KGB agent.

Her history is so murky....yup, that is it, really really murky,

All a game and the playbook is being shown in 'Stages".

ORI

Wed, 07/20/2011 - 12:55 | Link to Comment SoNH80
SoNH80's picture

Thanks, ORI, I guess things are the same everywhere you go, it's just different background music.....

Wed, 07/20/2011 - 09:02 | Link to Comment SoNH80
SoNH80's picture

I-dog, I was at a Roman Catholic church service with some relatives recently, and in the sermon, the priest used the term "New World Order" as a good thing to look forward to in this century.  My blood ran ICE COLD, and the SOB was staring right at me and smirking.  They are really cranking up the noise machine now, I agree that they ultimately want Stalin-style central state atheistic worship, but keep in mind that they may use a fake Christ/Messiah/Hidden Imam figure aka The Antichrist to grease the wheels and fool the marks.  Dark, dark times.  Joe Middle Class in the U.S. doesn't stand a chance....

Wed, 07/20/2011 - 09:35 | Link to Comment New World Chaos
New World Chaos's picture

One of Satan's key strategic coups was his infestation of the Catholic Church sometime around the Council of Nicea ~1700 years ago.  He bled off most of their moral credibility hundreds of years ago but they still serve as a taxman and propaganda mouthpiece / brainwasher for the terminally clueless.  I wouldn't have thought the priest would be so blatant about it, because surely people read all the Bible's warnings about the NWO- right?

Try to get your relatives to question what the hell he is doing. 

Wed, 07/20/2011 - 09:41 | Link to Comment SoNH80
SoNH80's picture

I told them, they knew it was sketchy.  But they chalked it up to the priest being a pseudo-intellectual moonbat (which he is), and they like to go to church to keep up appearances and to socialize, and to cover their Pascal's Wager bets.  They also like the smells and bells.  "Catholic" is also the default flavor here in New England, I'm sure if we were in Delaware, we'd be at a Methodist service, and might have heard the same crap....  Dark times..... there will come a day when all the Mainline Protestant, Catholic, Orthodox, Mormon U.S. organized churches will give the NWO a Good Housekeeping Seal of Approval.... there may be a few independent congregations up in the mountains & Down South that will say "no way", but they will be identified and crushed-- perhaps with the Soviet trick of having their property siezed, and the minister taken away for "reeducation..."

Wed, 07/20/2011 - 09:53 | Link to Comment New World Chaos
New World Chaos's picture

How do you think those who don't accept the Mark of the Beast will live (if not in jail)?  It will be kind of hard to not pay property taxes, drivers' license fees, etc.

Wed, 07/20/2011 - 09:47 | Link to Comment New World Chaos
New World Chaos's picture

I kind of see them like a spent old tabloid but they do have a lot of followers in Latin America/Africa.  So they will probably conjure up a false prophet to herd these people into the NWO at the right time.

Wed, 07/20/2011 - 10:54 | Link to Comment i-dog
i-dog's picture

Thanks for your anecdote, SoNH80. Such snippets add detail to the canvas! They have all the religions working for them - with the poor priests/rabbis/mullahs each believing they will be on the 'winning' team. LOL. The priests have always been the tools of the rulers to keep the sheep in line. :)

"keep in mind that they may use a fake Christ/Messiah/Hidden Imam figure aka The Antichrist to grease the wheels and fool the marks"

I'm fully mindful of that...it's why I'm expecting them to use the end of 2012 for the climax. The end of 2012 will be ideal for them, with all of the Mayan, Nostradamus, Rapture, Elenin, Niburu, and whatever, superstitions keeping the assorted gullible on the edge of their seats!

Actually, for quite some time, I've been expecting TPTB to put Prince Harry forward as the "unifying" figure among the main western religions. Now that he's finally married, it can't be far off (if I'm right).

Whichever of the family it is, the Saxe-Coburg-Gotha Guelphs will dig way back into their family tree to show that they have solid credentials in all 3 Abrahamics ... indeed, if my own research is correct, they count the actual 'Abraham', 'David' and 'Jesus', upon which the biblical fantasy characters are based, among their direct blood ancestors. Meanwhile, the Jews have no idea at all of the true origins of their own religion!

Wed, 07/20/2011 - 12:45 | Link to Comment Oh regional Indian
Oh regional Indian's picture

You meant Prince William i-dog and yes, he clearly has a role. Probably be Crowned th eday before the olympics. 

As for their Meroviengian fantasies, I think the truth is on it's way out to meet the light. Soonish! :-)

ORI

Wed, 07/20/2011 - 12:52 | Link to Comment Oh regional Indian
Oh regional Indian's picture

You meant Prince William i-dog and yes, he clearly has a role. Probably be Crowned th eday before the olympics. 

As for their Meroviengian fantasies, I think the truth is on it's way out to meet the light. Soonish! :-)

ORI

Wed, 07/20/2011 - 00:56 | Link to Comment Ham Wallet
Ham Wallet's picture

Russia would be smart to sit on the sidelines and pick up the glory while those other countries do the heavy lifting (similar to the US in the European theater of WW2), while making some nice coin on weapons systems and energy.   Ruble reserve currency?? 

Wed, 07/20/2011 - 06:54 | Link to Comment Zeilschip
Zeilschip's picture

You must have flunked History in high school because the Russians beat the Germans, 23 million Russians died while doing that.

Wed, 07/20/2011 - 09:58 | Link to Comment Zeilschip
Zeilschip's picture

Actually, I missed the 'similar to' comment.

Tue, 07/19/2011 - 18:31 | Link to Comment Animal Cracker
Animal Cracker's picture

And in the distance, a hunched over old man cackled a parody of "Barbara Ann"...

Tue, 07/19/2011 - 18:49 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

Somedays you almost feel like you wish you could thank the guys that beat the shit out of him. 

Tue, 07/19/2011 - 18:57 | Link to Comment mayhem_korner
mayhem_korner's picture

Nice.  Not sure the underaged here get that one...

Tue, 07/19/2011 - 18:33 | Link to Comment ThoughtCriminal
ThoughtCriminal's picture

This is a desperate cry for democracy. Send in NATO!

BTW: where's the Iraqi oil going - hmm?

Tue, 07/19/2011 - 18:34 | Link to Comment Rainman
Rainman's picture

Sorry, there has been no such thing as a " capitalist glow " in oil commodity trading, including and since Rockefeller.

Tue, 07/19/2011 - 18:36 | Link to Comment Whalley World
Whalley World's picture

Yu hung who?

Wed, 07/20/2011 - 01:18 | Link to Comment Shineola
Shineola's picture

" China's Ambassador to Tehran Yu Hung Yang"

Damn, Whalley!   Now that you mention it, his name does sound like a pick-up line from an Asian hooker......  

 

 The question is, do Yu have to be a Hung Yang to be an Ambassador? 

Tue, 07/19/2011 - 18:36 | Link to Comment ThoughtCriminal
ThoughtCriminal's picture

Free the oil market - bomb Iran!

Tue, 07/19/2011 - 18:43 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

End of oil priced in US$ = end of the endlessly rolling payday loan, right? If so, that would make all of these debt talks pretty much irrelavant. Broke for real this time baby.

Tue, 07/19/2011 - 18:52 | Link to Comment WestVillageIdiot
WestVillageIdiot's picture

Wouldn't we be able to call one of those credit counselors and get a consolidation loan?

Today's activity was amazing.  Anybody that was short the stock market (fantasy) and long on metals (reality) got pumped and dumped.  I am sure that means most of us on ZH are feeling a little like Jodie Foster on a pinball machine right about now.  That's okay.  Patience everybody.  I remember people cackling to me in 2007 about how wrong I was because the Dow was at 14,000.  That didn't work out so well for many of them, especially those that were HELOC'ing based on that optimism.

Tue, 07/19/2011 - 19:41 | Link to Comment gangland
gangland's picture

++ Boooyaaaaa!

cramer is a living g-d!

 

 

Tue, 07/19/2011 - 20:03 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

Which one?

Loki?

Tue, 07/19/2011 - 18:43 | Link to Comment yakmerchant
yakmerchant's picture

So let me get this straight.  Fiscal conservatives trying to stop the run a away debt are evil and holding your boyfriend Obama hostage.  Yet the debt ceiling must be raised so the printing can go on to speed up the end of the U.S. Dollar and that won't have anything to do with the debt, and will be solely because they have good capitalism that trades in Yuan?

Tue, 07/19/2011 - 19:32 | Link to Comment youngman
youngman's picture

I have been watching CNN and Bloomberg this evening...the talking heads say the Republicans are destroying the country by trying to cut spending....but adding another 3 trillion in debt is AOK....wierd..we have gone over the edge...I think some of these people believe it....by spending more will be better for the country...lol

Tue, 07/19/2011 - 20:05 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

What they mean is it will be better for them, and they are the only important people in America.

 

Wed, 07/20/2011 - 08:22 | Link to Comment snowball777
snowball777's picture

Fiscal conservatives trying to stop the run a away debt

No, not evil, just completely full of shit.

if they:

- Were talking about increasing revenues in addition to cuts


- Had voted against raising the debt ceiling once in the past 3 decades


- Were cognizant of the real effects of drastically cutting spending now (as opposed to when they should have)


- Were clamoring to bring the troops home now

I would be interested in what they have to say. Until then, they're a bunch of duplicitous punks scoring political points while doing ZERO useful work to contain the debt or deficit. A dangerously stupid game for which history will not remember them kindly.


Tue, 07/19/2011 - 18:49 | Link to Comment angmikey
angmikey's picture

Is this war going to be a buget buster? Hey that may be a good name for a new bomb, the, "Budget Buster". This bomb will take you broke instantly.

Tue, 07/19/2011 - 18:53 | Link to Comment angmikey
angmikey's picture

remove "broke" insert "insolvent/defaulted"

Tue, 07/19/2011 - 20:03 | Link to Comment NotApplicable
NotApplicable's picture

"The Bernank"

Tue, 07/19/2011 - 23:05 | Link to Comment CrazyCooter
CrazyCooter's picture

This begs the ancient, rhetorical question "If a debt owner is bombed to death in the woods, do his debtors still owe him money?"

Regards,

Cooter

Wed, 07/20/2011 - 00:48 | Link to Comment Dugald
Dugald's picture

Hey Cooter....love your sense of mishchief!!!

Wed, 07/20/2011 - 04:28 | Link to Comment RichardP
RichardP's picture

Him no longer exists, being dead and all.  So technically no one owes him anything.  But the debtors would still owe their debt to the debt-owner's estate.

Tue, 07/19/2011 - 18:51 | Link to Comment william shatner
william shatner's picture

The signal for NATO that time has come to 'protect' the Iranian people from it's evil leaders.

Tue, 07/19/2011 - 18:51 | Link to Comment Jacks Nipple
Jacks Nipple's picture

Solve problems... end corporate personhood.

Tue, 07/19/2011 - 18:54 | Link to Comment lesterbegood
lesterbegood's picture

End corporations masquerading as government.

Tue, 07/19/2011 - 19:19 | Link to Comment Jacks Nipple
Jacks Nipple's picture

laws can be changed to end corp personhood.  How can the masquerading be ended logistically?

Tue, 07/19/2011 - 23:47 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Maybe by ripping them off Jack's nipple for good?

;-)

ORI

Tue, 07/19/2011 - 18:54 | Link to Comment thewhitelion
thewhitelion's picture

 

"Harbinger Of Trouble For New York And London?"

More like "Trouble for Tehran," and maybe Fort Bragg.

 

Tue, 07/19/2011 - 18:55 | Link to Comment mayhem_korner
mayhem_korner's picture

Wall St has been revealed as a form of casino economy, with the bankster insiders gambling with other people’s, and eventually, the government’s money in the form of bailouts.

Umm...what's the difference between "other people's " and "the government's money"...?   Maybe the "printed-out-of-thin-air" stuff is government money only because the liability falls to the yet-to-be-born.

Tue, 07/19/2011 - 18:56 | Link to Comment Atomizer
Atomizer's picture

Hmmm. Let me guess, someone will get their fiber optic cables cut again.

Wed, 07/20/2011 - 12:11 | Link to Comment zapdude
zapdude's picture

Yes. All those underwater cables were 'accidentally' cut by some dumb ship anchor dragging along the ocean floor, which all happened at the same time and proximity to the Kish oil bourse opening its doors.  Expect more skullduggery like this ahead, or forget the subtlety and just get war instead.

Tue, 07/19/2011 - 19:11 | Link to Comment Silverhog
Silverhog's picture

So Israel's last unofficial count was 200+ Nuclear bombs. Iran's suspect elect president bragging about getting the bomb soon. How soon? Like really really soon? His mouth is saying test me, his army is saying holy shit.  

Tue, 07/19/2011 - 21:16 | Link to Comment AmCockerSpaniel
AmCockerSpaniel's picture

If the USA with, or with out Israel moves against Iran, China will cease the South China Sea. This will be the cost of doing business for the west. The only winner will be Israel, again (first was Iraq).

Tue, 07/19/2011 - 22:03 | Link to Comment SMG
SMG's picture

The only winner is the useless eater depopulating desiring Oligarchy.  

Tue, 07/19/2011 - 23:13 | Link to Comment CrazyCooter
CrazyCooter's picture

So you are suggesting that China will give up Iran for the South China Sea?

I am not sure I buy into this line of thinking. Right now, I genuinely feel that all the major players are set up like the final scene of the reserviour dogs. That is why this is going to be really, really fucking ugly.

Anyone that thinks this is a regular poker game is smoking good damn weed (not suggesting you are smoking said weed - just highlighting the stakes).

China is in as deep shit as the US and Europe. Make no mistake that the US was exporter to the world in the 20s at great profit. How did that end?

Regards,

Cooter

Wed, 07/20/2011 - 01:20 | Link to Comment obelisks
obelisks's picture

grasshopper you forget a nuclear armed Pakistan is unlikely to sit idly by?

Tue, 07/19/2011 - 19:12 | Link to Comment stiler
stiler's picture

We can't invade Iran with Russia behind them. Just like we can't invade Syria. Just like Hitler & Napoleon couldn't invade Russia. Ain't gonna happen. Balance of power.

Tue, 07/19/2011 - 23:16 | Link to Comment CrazyCooter
CrazyCooter's picture

Curious position. Can you expand on the idea?

Regards,

Cooter

Tue, 07/19/2011 - 23:42 | Link to Comment Vlad Tepid
Vlad Tepid's picture

???  Those guys DID invade Russia.  They just failed to secure the Russian's capitulation.  I fail to see how Hitler failing to conquer the Soviet Union means the US can't invade Syria.  Explain.

Wed, 07/20/2011 - 08:43 | Link to Comment stiler
stiler's picture

Sorry, I was out for awhile.

I'm basing my remark on the reality of an east-west balance of power. You're right, they did invade, even took over, but couldn't stay. Yeah, we could invade Syria through NATO, I guess, but this east-west balance is a real thing and you'll never get anything near a one world gov't until it is demolished. But there sits Russia with her allies.

Wed, 07/20/2011 - 06:34 | Link to Comment Ghordius
Ghordius's picture

I'll give a try to explain:

- Iran and it's oil is already in China's "Sphere of Influence", somewhat shared with Russia.

- For all it's posturing, Israel's bombing of Iran could only be done by flying over Iraq. There is no way Washington could claim innocence, and this innocence and deniability is still very important.

- MAD Principles still apply: remember "Mutual Assured Destruction"? Iran is Too Important To Be Attacked.

IMO we are back to the 19th Century Imperial Game. I do not believe in a WWIII starting between Israel and Iran.

Wed, 07/20/2011 - 10:13 | Link to Comment stiler
stiler's picture

we never left the 19th century Imperial game, its been going from the beginning of the Roman Empire, 63 BC, in an east-west fashion since 364 AD. What I'm trying to say is that it will take an act of God to go to a OWG.

Tue, 07/19/2011 - 19:15 | Link to Comment css1971
css1971's picture

Queue invasion of Iran in ... 3.... 2.... 1....

 

Tue, 07/19/2011 - 19:23 | Link to Comment zen0
zen0's picture

This Iranian Oil Bourse talk started 5 years ago. The U.S. or Israel have been rumored to be ready to strike Iran because of it has been yapped about as long as that at least.

 

Wake me up when somebody actually does something.

Tue, 07/19/2011 - 19:25 | Link to Comment b_thunder
b_thunder's picture

I bet the GPS coordinates of the Iranian Oil exchange have already been programmed in several JDAMs or perhaps even a "daisy-cutter"

Stay clear of the site of the exchange... or get an ironclad life-insurance policy

 

Tue, 07/19/2011 - 19:29 | Link to Comment swissinv
swissinv's picture

Oil traded in EUR - CVN 77 G.H.W. Bush is coming!!! 

Tue, 07/19/2011 - 19:30 | Link to Comment UP4Liberty
UP4Liberty's picture

Iran just raised the possibility of being attacked by either Israel or the US - or both.

Tue, 07/19/2011 - 21:08 | Link to Comment AmCockerSpaniel
AmCockerSpaniel's picture

BOTH

Tue, 07/19/2011 - 19:44 | Link to Comment samsara
samsara's picture

Could the China article (Senators Warn China That Escalations In South China Seas...)

be a reprisal for doing business with Iran?

Tue, 07/19/2011 - 23:19 | Link to Comment CrazyCooter
CrazyCooter's picture

China is desperate for energy security. The US had a decades head start in cutting deals and formenting relationships to secure energy. China has scraps left. They will bully and bluster for every field they can get their hands on, and from their perspective, with good reason.

Regards,

Cooter

Wed, 07/20/2011 - 04:34 | Link to Comment RichardP
RichardP's picture

Fomenting.  Being picky.

http://www.thefreedictionary.com/fomenting

Tue, 07/19/2011 - 19:48 | Link to Comment red2893
Tue, 07/19/2011 - 19:56 | Link to Comment viator
viator's picture

Finally an oil borse where contracts are honored, the state leaves private enterprise unmolested, there is transparency, a fair court system and the rule of law.

Wed, 07/20/2011 - 13:33 | Link to Comment Urban Redneck
Urban Redneck's picture

I take it you have never entered into a petroleum agreement with Iran.  There are a number of firms who have who would beg to differ.  Politicians are just as crooked over there as everywhere else.

Tue, 07/19/2011 - 20:07 | Link to Comment ilovefreedom
ilovefreedom's picture

Didn't Iraq have plans or open a bourse right before we brought them "democracy"?

 

 

Tue, 07/19/2011 - 21:43 | Link to Comment Yes_Questions
Yes_Questions's picture

Bingo.

Now, just wait for the spin blaming those Damn Iraqis and their Mullahs for the deteriorated economy of the Western World. 

Tue, 07/19/2011 - 23:22 | Link to Comment CrazyCooter
CrazyCooter's picture

If Saddam would have simply taken dollars for oil, he would be living high on the hog right now. It is kind of sad, but it really is that simple.

Regards,

Cooter

Tue, 07/19/2011 - 20:08 | Link to Comment The Count
The Count's picture

Once (if) the American people truly understand how they are being reamed by the rigged financial system, largely controlled by European Investment bank dynasties and that we send our kids to war to protect these @ssholes there will be a second 1789. Chop chop.

 

Tue, 07/19/2011 - 23:47 | Link to Comment Vlad Tepid
Vlad Tepid's picture

I don't get it...we'd be so angry we'd draft another Constitution?

Tue, 07/19/2011 - 20:10 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

We can't afford to whack Iran anymore. That ship sailed a long time ago.

Tue, 07/19/2011 - 21:37 | Link to Comment mayhem_korner
mayhem_korner's picture

Because we're overextended or because of the not-so-stealthy Reds that have pitched camp behind them?  Or both?  Just wanting to understand your angle...

Tue, 07/19/2011 - 22:48 | Link to Comment Rodent Freikorps
Rodent Freikorps's picture

All the above. Plus it would stop another 3% of world oil output at a time that just cannot happen.

Even if we didn't blow it up, the Iranians would.

Russia won't intervene because they make money either way it goes.

Wed, 07/20/2011 - 00:07 | Link to Comment mayhem_korner
mayhem_korner's picture

Thanks.  Carry on, Sir.

Tue, 07/19/2011 - 21:22 | Link to Comment Buck Johnson
Buck Johnson's picture

As the Count said, the bombers are being prepped.  That was the big reason why Iraq was invaded, he was wanting his oil to be sold in Euros and the US can't allow that to happen or this to happen either.  Everything and I mean everything is being done to keep the dollar a world reserve currency.  If the dollar one day loses it's position, then we can't afford our empire period.  Because we export inflation via the reserve status. 

Tue, 07/19/2011 - 22:28 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

As stared earlier, US will not attack Iran, even over this overt "fuck off US dollar" message.

Attacking Iran would be attacking China (and Russia and the rest of the SCO alliance ...which sent its own "fuck off" message to the US incidentally).

It doesn't matter if Iran has 0 nukes.  China, Russia, Pakistan, et al, have bunches of 'em ...way more than Israel has by the way.

I rather doubt Israel would enjoy being turned to glass and ash, hence I rather doubt Israel will do any attacking either.

Talk yes.  Attack no.

The SCO alliance is moving away fron the US dollar in a big way ...which of course you won't hear about in American media ...until its a done deal ...and the US dollar collapses ...overnight almost.

... which is WHY Bernokio and Wall Street are looting America fast as they can now.  They know they don't have much time left to loot before the dollar collapses.

Tue, 07/19/2011 - 22:22 | Link to Comment pops
pops's picture

Quick!!  We must launch a humanitarian mission to help those poor, oppressed, suffering Iranian people!  Oh, the humanity!!

 

Tue, 07/19/2011 - 22:50 | Link to Comment HungrySeagull
HungrySeagull's picture

That does not bother me anymore. Let's get the war started. It's been decades.

With all the crap that is going on this year, more troubles won't be noticed anymore. Use it or lose it. Take your pick.

Tue, 07/19/2011 - 23:01 | Link to Comment PulauHantu29
PulauHantu29's picture

Competition is the Savior of the consumer. Without it, prices would be skyhigh....

Tue, 07/19/2011 - 23:17 | Link to Comment pocomotion
pocomotion's picture

This will be a 10 year war people.  My guess is that Israel has as many nucs as we do.  That combined would be about equal to what the other sides will have.  Remember that France and England have them too.

We are on the eve of destruction no doubt.  Plan accordingly is what I am thinking.

Tue, 07/19/2011 - 23:53 | Link to Comment Vlad Tepid
Vlad Tepid's picture

Israel has 200+ nukes (with a K and an E) and the US has 5,113 by our last count.  France and England would be either laughing their asses off or hiding under a rock (pick one) if the US decided to get into a nuclear exchange.  Only a fool would want a part of that war and our European cousins (Motto:  Where the hell did I put my ammo for this war?) are too busy chasing their maids and rioting at soccer games to take on a serious contender like Iran or her big brother's China and Russia.  Your last sentence made sense though!

Wed, 07/20/2011 - 00:07 | Link to Comment Edward Fiatski
Edward Fiatski's picture

State of Israel alone has far more than a couple hundred nukes, plus techincally US stockpile is Israel's stockpile. :) There were enough blowjobs in the 20th century, which didn't stop the Master Plan from being implemented. As for nuke deployement in a hot war: you're delusional if you think with 7 billion people and rising, the thermonuclear arsenal is going to gather dust, or even get reprocessed into something less destructive.

Nukes are there for a reason, and they are going to be used in a way that many of you can not imagine: rational depopulation of the planet via relatively Humane deeds.

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