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Iran Opens Oil Bourse - ?
The bombers are being prepped. We do not let anybody mess with our ponzi schemes.
The bombers are being prepped. We do not let anybody mess with our ponzi schemes.
This is no joke. We go to war about this kind of thing, much more so then terrorism.
This is terrorism they hate our reserve currency status, I mean freedom.
The bourse is the source, for force, of course.
Cheesy, now that's damn funny.
Not when the DC corrupt, worthless, moronic politicos ARE the rear end of Mr. Ed...
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.
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!
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.
Saddam tried this in 2000. (I can't believe that CNN.com hasn't deleted this story by now!)
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.
deleted. (double post)
One for the left, one for the right (ooh yeah!)
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.
But they don't use the currency that we endorse...
Then I saw a rider on a pale horse...
Boom! They're all damn dead.
They hate our reserve currency status and the way we utilize it to manipulate the global economy.
me thinks The Count is not joking
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
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.
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.
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.
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...
Time for some western style democracy and freedom whether they want it or not.
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
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.
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".
Indeed, a bit too convenient ..
How is this a threat to US dollar reserve currency status?
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?
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.
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:
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.
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.
In other news, Israel updates it's ballistic missile targets.
do we get to input? ..my votes the Isaeli Parliament building
Wonder if this is why the Navy have been moving nearer to Iran?
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.
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.
+ 98.20 Wook
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.....
Who is hiding in the bushes does not matter, its the size of their logistics that does.....
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.
Well said steaming.
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.
WAR IS PEACE, FREEDOM IS SLAVERY, and IGNORANCE IS STRENGTH, but above all else FIAT IS MONEY!
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.
Junked because the explanation for your post was longer than the post it'self.
Copying stuff from Wiki is hardley presenting original thought.
Highly dependent on being the last country standing with a functioning economy..."to the victor..." and all that jazz.
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