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Iran Retaliates Against Sanctions: To Drop All Trade In "Filthy" Euro, Dollar

Tyler Durden's picture


Yet another step in the escalation between Iran and the US came earlier today, this time in the form of some trade war shots, after the leading economic daily Doniye e-Ektesad quoted First Vice President Mohammad Reza Rahimi as saying that "We are going to remove dollar and euro from our foreign currency
basket and replace them with (Iranian) rial and all other currencies of
the countries which accept to cooperate with us. These currencies are filthy and we will no longer sell
our oil in dollar and euro." AFP further clarifies: "He did not say when that would go into effect, or how Iran was going to
implement that decision as the second largest exporter in the
Organisation of Petroleum Exporting Countries (OPEC), in an energy
market dominated by the dollar." This is certainly not the first time Iran has threatened to move away from the dollar: the problem, of course, is execution. "Rahimi also said that Iran would limit its purchases from the European
Union, which amounted to 11.4 billion euros or 27 percent of the Iranian
imports in 2009, according to official EU statistics. He said this would mainly affect Iran's food imports such as wheat and soybeans from Europe."

Oddly enough, Iran is now threatening with going Chinese, and becoming self-reliant.

Rahimi said that "sophisticated equipment," currently imported, will also be manufactured locally "by the Iranian youths, but it needs time."

Following a fourth round of UN Security Council sanctions against, the United States and the European Union expanded their own punitive measures against Iran in July over suspicions that Tehran's nuclear programme is masking a weapons drive. Iran denies these charges.

Canada and Australia followed suit after the US and EU sanctions, which target Iran's economy and banking system, banning investment and transfer of technology to its vital oil and gas sectors.

One can only wonder just how much of a factor Russia may be in this decision, and whether the ruble and the renminbi will be the ultimate benfactors of this decesion, should it prove to be more than just rhetoric.


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Tue, 08/10/2010 - 09:16 | 512330 megatoxic
megatoxic's picture

And honestly, who can blame them?

The dollar and the euro are both "managed" by the the most corrupt, fraudulent, amoral people on the planet.  They are, in fact, filthy.

I wish them luck.

Tue, 08/10/2010 - 09:31 | 512376 SDRII
SDRII's picture

Bigger story is the IAEA saying Iran restarted another centrifuge bloc. Hez leader giving firey speech implicating Israel in the Harari assasination and border tensions high.

This as Russia planning to speed up delivery of fuel and rumors abound about a Saudi coup attempt by Bandar "Bush" being dismissed as Iranian propoganda.

"Prince Bandar bin Sultan, who was the grandson of Ibn Saud, and Hassa bint Ahmed al-Sudairi, one of the most honored and respected women in Saudi Arabia, was appointed Saudi ambassador to the U.S. in 1983, at the age of 34, an appointment he served for twenty years. Prince Bandar has had unprecedented access to Presidents and most senior American officials since the Reagan era. He was a close family friend of the Bushes, named affectionately by Barbara as “Bandar Bush”."


Lots of rumors flying around

Tue, 08/10/2010 - 10:36 | 512531 hangemhigh
hangemhigh's picture

"...rumors abound about a Saudi coup attempt by Bandar "Bush"........

the rumors about the bandar bush coup are very interesting.  the way the story is spun has bandar attempting to do a deal with the russkies on the sly.

what if that version were 'thru the looking glass' stuff and the truth is that he was trying to warn m16 and the west about a deal that king abdullah had already cut with putin/moscow???? that sort of arrangement would be terminal for the ny/london anglo axis of evil. 

sounds like the old chinese mantra....may you live in interesting times.......................


Tue, 08/10/2010 - 10:48 | 512564 grunion
grunion's picture

It's a curse

Tue, 08/10/2010 - 16:32 | 513508 Cathartes Aura
Cathartes Aura's picture

a mantra is traditionally used for transformation or enlightenment. . .

so maybe it is. . . both, hm.

Tue, 08/10/2010 - 11:51 | 512724 SDRII
SDRII's picture

Add to it:

The report this AM of the Chinese general warning the US over carrier deployment in Yellow Sea as antagonizing biggest creditor

The US calling in Vietnam

Hillary's comments about the US having a role in the disputed island issues

The report few days ago the US is moving forward with another base in Kyrgyz

The 56 OSCE participating States agreed the deployment of police advisors to Kyrgyzstan in a decision taken by the Permanent Council  - Kyrgyz officials protest

Reported US troop deployment in Azeri territory

Russian reopening of Tartus in Syria last year

Tue, 08/10/2010 - 18:35 | 513807 New_Meat
New_Meat's picture

and, when the air war started in 1991 (start of Desert Storm) the rumors were that Zahal had aced Abu Nidal in a safe location in Iraq.  Of course, after investigation, it turned out that he'd committed suicide with about 300 rounds to himself.

must be time to outlaw automatic weapons in Baghdad and Chicago.

- Ned

Tue, 08/10/2010 - 11:42 | 512697 themosmitsos
themosmitsos's picture

Tyler, 2mths ago in your article about US fleet movements by Marla, we had a debate about size of force & significance of it, and again in this article I argued about the severity (capacity/ability) of the Iranian counter-response. I argued public information (fleet rotation) was not true objective of movements as was the US fleet was larger than reported & ships were specialized & also arriving from Asia. Here is proof:


As Israeli Iron Dome (short range) missile shield has been reported 2b completed and operational in last 30days,this now confirms that Israel's Arrow (long range), Sling (medium) & Iron Dome (short range) missile shields are now fully linked & operational **w/AEGIS & US Defense Satellites**, and along w/Naval based interceptors of various types and US Patriots and other ground based interceptors, **intended to work in conjunction.** It is significant as these are steps in absolute expectation of an Iranian counter-response of a substantive nature, not just in size, but in quality, and hence expectant of the act that provokes them, ie an attack on Iran., and they are also significant diplomatically (US will *NOT* be able to claim clean hands).


What is most significant & only partially hinted above, is Israel demands OPERATIONAL COMMAND & UNECUMBERED ACCESS to US systems w/out the filter of the US Command Structure, which the insinuation is in the article above, HAS been given regarding Long Range Missiles (more likely to bear WMDs). These activities represent the last act necessary before Israel (or the US) attacks Iran.


Morever, there are WIDELY confirmed reports just the past 3-4days of Iranian IRG Quds & Intelligence agents arriving and TAKING COMMAND of FRONTLINE units of the Lebanese Armed Forces (9th), Hezbollah units, AND THE FRONTLINE DIVISIONS OF THE SYRIAN ARMED FORCES OVERLOOKING THE GOLAN having DIRECTLY threatened the Syrian government to fall in line in the last 3days, while also simultaneously threatening to overthrow the Lebanese government should it not blame Israel for the assassination of  the PM.


Also note over the past few days Iranian claims of possession of S300s which are in fact FAR more sophisticated than it is being presented publicly, have a MUCH larger range than being reported, and have the capacity to be retrofitted for “other” usage (WMD delivery).


Perhaps nothing will happen. But I don’t speak out of turn on these matters, I speak from a position of knowledge. These moves are VERY far along the chessboard, and the last 2-3-4 weeks we’ve entered the phase of diplomatic “moves/insults” that can’t be reversed, this article about Iran shifting 100% away from USD & EUR for all transactions being just the latest. Should conflict commence, the US & Israel will LOSE …. ALL opening phases of this war, and BADLY. This situation holds dramatic potential for very, very serious escalation. That’s why *that* composition of the fleet. These behaviors also insinuate a timeframe pre-November US elections, which may explain some of that action in the Chicago pits for September as imo it can’t be explained just by expecting a huge sell-off. Sure would help Obama & the Democrats win. Ra-ra-ra, USA. Perhaps they learned from Bush better than you’d think.

Tue, 08/10/2010 - 12:34 | 512824 DocLogo
DocLogo's picture

I speak from a position of knowledge



bona fides?

Tue, 08/10/2010 - 18:37 | 513816 New_Meat
New_Meat's picture

Doc +1, but from an Art C. perspective I might be able to add. - Ned

Tue, 08/10/2010 - 12:25 | 512802 DocLogo
DocLogo's picture

where will they be getting their wheat from if not the EU and Russia not exporting this year?

Tue, 08/10/2010 - 13:05 | 512889 israhole
israhole's picture

I concur with 'megatoxic', and would add that if the US weren't terrorist Israel's bitch-boy, we'd have nothing but friends in the Middle East.

Tue, 08/10/2010 - 14:15 | 513021 DocLogo
DocLogo's picture

I would argue that you don't know what you're talking about. Our relationship with Iran has nothing to do with Israel and was set in motion back in the 1950's. Mohammad Mosaddegh was ousted by the CIA to protect BP's (then the AIOC) oil interests. They put in the Shah, which lead to the revolution. In the 80's, it was the Anglo-American empire that was playing both Iran and Iraq for fools, arming both sides and pointing them at each other. Yes, Israel helped arm Iran during Iran/Contra, but that doesn't help your argument. Even if there was never an Israel, US interests would remain the same and therefore our actions would remain the same. The US would just find another proxy to do its bidding.

Our relationship with Iraq had nothing to do with Israel either. If it did, we would't have installed a Saddam Hussein into power. Our current relationship with Pakistan came about after the Soviets entered Afghanistan, an event that had nothing to do with Israel. Pakistan and India are at war, so without an Israel, we'd still be in a position of having to balance both relationships.

Come to think of it, there is no historical argument to be made to support your belief that we'd have nothing but friends in the middle east.

Your single note commentary is getting old. The world is not so black and white.

Tue, 08/10/2010 - 16:11 | 513459's picture

You make some very valid points, but would you agree that US support for Israel complicates matters? The current hub-bub at least seems to be largely Israel driven.

Tue, 08/10/2010 - 18:18 | 513773 jakoye
jakoye's picture

Of course it does. Allying with any country means their enemies become your enemies.

Life would also be easier for the US vis-a-vis China if we didn't support Taiwan, South Korea and Japan. And easier with Russia if we didn't support Poland, Hungary, Czech Republic, Baltic Republics, and Georgia.

I get it, you're an isolationist and an "anti-Zionist" (whatever... but I'll play your name game in the interests of this discussion).

So if you were dictator for a day, the number of allies of the US would drop to zero, right?

Tue, 08/10/2010 - 18:44 | 513834 New_Meat
New_Meat's picture

... er, US support, interest, dis-interest, antipathy, disregard--well, they "complicate matters?"

Hillary is in the prime of her political life fomenting: whatever.  but she's "making a difference".

Involving US always complicates things.  Maybe they can be complicated in a "good" direction.

Your definition of "good" goes <here>.

- Ned

Wed, 08/11/2010 - 14:21 | 515903 GoinFawr
GoinFawr's picture

"The world is not so black and white."

Indeud Doc, which is why I am more than a little surprised at parts of your comment contending the US doesn't have a sort of serial involvement with other nations of the region. You are usually quite astute when it comes to seeing how the 'leg bone is connected to the hip bone'.


Tue, 08/10/2010 - 15:52 | 513410 DosZap
DosZap's picture


Uh-huh..............all over, party balloons,ice cream and cake.

All poison.What part of HATE us, our way of life do you not get?.

IF there were no Israel, it would not change one friggin whit.

Your not dealing with rational human beings.These people are still in the middle ages......and their religious fanatics, and they treat their people like animals.

Esp the women........

If the US did not have anything to GAIN by aiding Israel, you think they would for an instant?.No way.

That part of America went out in 1945.................

Tue, 08/10/2010 - 09:21 | 512340 Cognitive Dissonance
Cognitive Dissonance's picture

Here we go. Most people don't know that before Iraq and Afghanistan were attacked by America, they both repudiated the US dollar as the currency they would use for international transactions, particularly buying and selling oil.

The US sees this as a direct threat and a national security matter. But since this is too mundane a thing to convince the average American to send their sons and daughters to slaughter, a more "patriotic" reason had to be concocted.

The rest, as they say, is history.

Tue, 08/10/2010 - 09:22 | 512349 LoneStarHog
LoneStarHog's picture

Yesterday's Tin Foil Is Today's News!

Tue, 08/10/2010 - 09:41 | 512400 SheepDog-One
SheepDog-One's picture

Exactly. What everyone said was nuts weeks ago is now todays headlines.

Tue, 08/10/2010 - 13:25 | 512921's picture

But those who made the right call are still considered to be loonies.

Tue, 08/10/2010 - 18:44 | 513841 New_Meat
New_Meat's picture

but not people watching the good calls vs. the other.

and, who cares in trading or life wtf others consider.

- Ned

Tue, 08/10/2010 - 09:25 | 512357 Internet Tough Guy
Internet Tough Guy's picture

Afghanistan isn't much of a player in the oil market.

Tue, 08/10/2010 - 09:31 | 512378 Jason T
Jason T's picture

they are in the opium market.

Tue, 08/10/2010 - 09:47 | 512409 Cognitive Dissonance
Cognitive Dissonance's picture

Didn't say they were. But they are strategically very important. And I said international trade. Take a look at the (newly built and older) oil pipelines running through Afghanistan and then look at the US bases locations. And why didn't you mention Iraq?

Plus it was/is a Muslim nation. Can't have those Muslims refusing to accept dollars for anything. It might give others some bad ideas. It's all about the US dollar, the world's reserve currency. It's what keeps the world's Ponzi going.

When the world agreed to accept the dollar as the reserve currency back when the US repudiated the international Gold standard, it was also agreed that in order to make it work, everyone had to play by the rules. And when they didn't, the US would kick some sense into the laggards.

Tue, 08/10/2010 - 10:01 | 512443 Anarchist
Anarchist's picture

The world did not agree to oil priced in dollars. The US "coerced" Saudi Arabia and Kuwait to agree to the peg. The implied threat was that the US would invade. Kissinger also told them and Iran to jack up the price per barrel in order to devalue the US dollar. A little fact in history the Sheep incorrectly blamed on the Arabs.

Tue, 08/10/2010 - 10:28 | 512505 Cognitive Dissonance
Cognitive Dissonance's picture

You mean I didn't state clearly enough the implied threat? Shall I rephrase?

Most of the world "agreed" to use the dollar, including those with the power and those with the most to lose by not going along. The rest were "persuaded" to follow the herd. Or like I said, the US would/did/will convince the laggards to come along.

Tue, 08/10/2010 - 11:03 | 512590 Problem Is
Problem Is's picture

Sodomy Hussein ordered Iraq's UN food for oil account held by NY banks switched to the Euro in 2000.

Excellent use of facts and accurate historical analysis Professor CD...

Hence, you were junked by AIPAC.

BTW: Neither Iraq nor Afghan-i-nam had a Western controlled central bank before the invasions... they do now...

Tue, 08/10/2010 - 11:37 | 512694 Cognitive Dissonance
Cognitive Dissonance's picture

BTW:Neither Iraq nor Afghan-i-nam had a Western controlled central bank before the invasions... they do now...

Mission Accomplished. Two more nations under the control of the powers that be through their ability to control (or extort) their "host" nations own money supply and economic health.

Tue, 08/10/2010 - 13:37 | 512942 knukles
knukles's picture

+ 1,000

Tue, 08/10/2010 - 10:12 | 512469 LeBalance
LeBalance's picture

According to Another and FOFOA, oil is priced in Gold, and accounts are cleaned up at the end of the quarter with a shipment of Gold to the Payee.

What fool of a king would want a warehouse filled with paper at the end of fifty years of trading in oil? Anyone's paper.

In that same light dollars are priced by Gold and as Gold (paper) is created by Gold (real) by further derivatizing and fractioning in the financial industry and Gold (paper, inflated) creates a value for dollars. Its price has no choice but to increase.

FOFOA is much more eloquent and I do him/her/many poor service with my butchery of their comments.

Tue, 08/10/2010 - 16:36 | 513514 Frank Owen
Frank Owen's picture

"It's all about the US dollar, the world's reserve currency."

CD, I would imagine you have stumbled across "Rob Newman's History of Oil" in your travels:

Tue, 08/10/2010 - 09:48 | 512417 LoneStarHog
LoneStarHog's picture

On the contrary, look which two countries border Iran on the East and West.  Look where the Caspian Sea is located, which is landlocked, which means oil can only be transported by pipeline. 

Everything has a reason other than what we read/hear...

Tue, 08/10/2010 - 10:03 | 512448 LeBalance
LeBalance's picture

LOL, checked your pipeline routes?

$950B Opium crop, golly that hit the Queen of England right where it hurts. (See Opium Wars).

So that would be the reason for the ethnic cleansing.  Similar to the same happening in Iraq.

Depleted Uranium: "Its not just the arrow you kill tanks with today, its the radioactive leave-behind that you kill entire countries forever with."

Tue, 08/10/2010 - 17:03 | 513594 Cathartes Aura
Cathartes Aura's picture

Depleted Uranium: "Its not just the arrow you kill tanks with today, its the radioactive leave-behind that you kill entire countries forever with."


what is rarely mentioned is the DU "sticks" to the righteous, chosen ones who use it, returning to their intimates, loved ones, a form of genocide that remains un-speak-able.

"military suicides make up about 20% of all suicides in the U.S., suggesting that the problem is worse among the armed forces than in the general population since veterans make up only about 7.6% of the population."

"For every death, at least five members of the armed forces were hospitalised for attempting to take their life."

Tue, 08/10/2010 - 09:27 | 512363 The Franchise
The Franchise's picture

Literally the first thought that came to mind when I read the title of this was, "We've invaded countries for less (or equal)"..... how sad.

Tue, 08/10/2010 - 09:29 | 512371 tmosley
tmosley's picture

I knew that had happened in Iraq, but I never heard anything like that about Afghanistan.

Tue, 08/10/2010 - 09:57 | 512413 Cognitive Dissonance
Cognitive Dissonance's picture

Venezuela also talked about dropping the dollar but then backed down. That was back when we were hearing how terrible they were. When they backed down, we did as well with our propaganda.

Tue, 08/10/2010 - 11:06 | 512608 Anarchist
Anarchist's picture

Venezuela is many years away from being able to repudiate dollars. The cost of transporting Venezuelan sour crude to China is too high at this point in time. Crude needs to be much higher before it is cost effective. The risk of the US interveining in Venezuela to bugger up their plans also limits their plans.

Tue, 08/10/2010 - 09:34 | 512386 Jason T
Jason T's picture

When one begins to really understand history and money, this is a no brainer. We didnt' go to Vietnam, under a false flag attack, to stop communism either.

Wars are faught for monetary system suppremacy.  No self sufficient nation state is allowed to exist under imperialistic empires that seek to control the world..

Tue, 08/10/2010 - 09:40 | 512398 Chump
Chump's picture

My Google-fu is weak.  I'm having trouble finding any info about either country repudiating the $.

Tue, 08/10/2010 - 10:18 | 512480 Crummy
Crummy's picture

U.N. to let Iraq sell oil for euros, not dollars
Iran stops selling oil in U.S. dollars

Old news as far as petrol dollars are concerned. But now they're talking about cutting it out completely as even as a reserve.

Tue, 08/10/2010 - 10:24 | 512495 Chump
Chump's picture

Ah, so this isn't even the first time Iran has done this.  Thanks for the Iraq link.

I wish this party would go ahead and get started already.

Tue, 08/10/2010 - 12:11 | 512776 Crummy
Crummy's picture

Which party is that? The one where we drape sack cloth over the sun and dance with the undead on the blood and bones of our decendents?


Yeah, that one's gonna be super kewl.

Tue, 08/10/2010 - 13:13 | 512903 Chump
Chump's picture

Yep, that one, hence the facetious use of "party."  Although, I will be drinking heavily when it all pops off initially, so there's that I guess.

Tue, 08/10/2010 - 16:01 | 513439 DosZap
DosZap's picture


No, the one where we wait, and then you get to go to that party.........

IRAN, and it's leaders are religious fanatics.The Arabs do not want the Persians with nukes,and with good reason.

The Iranian people are good people, their Theocratic blood cult leadership,is another story.

Tue, 08/10/2010 - 17:11 | 513624 Cathartes Aura
Cathartes Aura's picture

The amrkn people are good people, their Theocratic, Usurious blood cult leadership,is another story.

fixed that for you DZ.

Tue, 08/17/2010 - 21:13 | 527383 Bringin It
Bringin It's picture

Well said - CA

Tue, 08/10/2010 - 11:00 | 512591 ivant
ivant's picture

Afghanistan also provides a great trade route. As was well mentioned, its a damn powerhouse when it comes to opium :D. I am not 100% sure as to why Iran is openly agressive. There has to be a play behind the scenes. They aren't that stupid.

Tue, 08/10/2010 - 18:20 | 513780 jakoye
jakoye's picture

Cognitive Dissonance: "Most people don't know that before Iraq and Afghanistan were attacked by America, they both repudiated the US dollar"

Riiiight. The US attacked Afghanistan because they weren't going to use dollars for their burgeoning international trade (literally tens of... tens of dollars).

You actually believe the stuff you write, huh?

Tue, 08/10/2010 - 09:21 | 512341 Number 156
Number 156's picture


And with Wheat and Soybeans going up, Id like to see what the already angry populace has to say when food prices skyrocket. And they wont get wheat from russia either. 

Bottom line; BS and hot air.

Tue, 08/10/2010 - 09:28 | 512365 Pladizow
Pladizow's picture

We are witnessing the decline of the US empire.

Russia just surpassed Saudi Arabia as the #1 energy producer and China after 100 years of American dominance has surpassed the US as the #1 energy consumer.

Both China and Russia have stong ties between themselves and Iran.

All 3 have mentioned removing the $ as the world reserve currency.

It will be years - but good game America - thanks for coming out!

America won't go out, literally without a fight.

Tue, 08/10/2010 - 18:24 | 513785 jakoye
jakoye's picture

And the rise of Russia? Right.

Russia might be a great power again someday if they ever evolve beyond an authoritarian form of government. Until they do, the massive corruption alone will keep Russia from realizing its true potential.

Wed, 08/11/2010 - 02:25 | 514652 Moonrajah
Moonrajah's picture

Actually Russia has a history of bouncing out of its decline due to installment of an authoritarian system ruled by a person who can see what needs to be done and has the guts to do it. Check out Peter the Great that took Russia from the feudal/boyar dump of a country to a modern and imperialistic force to be reckoned with. The same goes for Stalin who turned a broken and broke country into an industrialized superpower that the western WASP world was terrorized of for a number of reasons.

Now I agree that such leaps from zero to hero happened in a large part thanks to to massive oppression and no democracy whatsoever. OTOH maybe democracy is overrated? I mean a lot of people (a lot) usually succumb to sloth when all is well (or looks so), look no further than US. And it takes somebody else to make them see that they are destroying themselves and their country because of it. 

I don't want to paint a black-and-white world but what would you prefer - to live in a democracy just to see your contry being mortgaged in some bankster's paradise or accept an authoritarian visionary at the top to guide the country to a, hopefully, better future. And before you start screaming about the value of democracy to the development of society please consider all the anti-democratic shit taking place in the land of the free. Patriot Act, TARP, Healthscare, anyone? Any system, societies included, in the long-run tries to come to a certain natural balance. So if Democracy turns to Plutocracy, which we are seeing, then that is a natural course of events, since it is part of human nature to seek greener pastures at the expense of others. Democracy without vigil is a deadborn concept. So who is to keep vigil?

IMHO Russia has a chance. And I agree with you, corruption (part of the human nature mentioned above) is a bitch and is the ultimate obstacle to its rise.

Thu, 08/12/2010 - 21:11 | 519077 hangemhigh
hangemhigh's picture

"Russia might be a great power again someday if they ever evolve beyond an authoritarian form of government. Until they do, the massive corruption alone will keep Russia from realizing its true potential."

Amerika might be a great power again someday if they ever evolve beyond a kleptocratic form of oligarchy.  Until they do, the massive corruption alone will keep them from realizing their true potential.

There, fixed that for you dude, with a little help from Cathartes.......

Tue, 08/10/2010 - 09:21 | 512342 the not so migh...
the not so mighty maximiza's picture

Isn't this what Saddam did did right before , well you know,  Shock and awe .

Tue, 08/10/2010 - 10:14 | 512475 JohnKing
JohnKing's picture

yes. The dollars last defense is the US military.

Tue, 08/10/2010 - 09:21 | 512343 kato
kato's picture

not nearly as filthy, corrupt, amoral as the lowlife mohammedists

Tue, 08/10/2010 - 12:03 | 512749 thisandthat
thisandthat's picture

Way to out yourself, pharisee.

Tue, 08/10/2010 - 13:09 | 512896 israhole
israhole's picture

LOL!  You beat me to it!

Tue, 08/10/2010 - 16:06 | 513449 DosZap
DosZap's picture

Truth hurts, when your Prophet was a murderer,and a pedophile.

MY kind of Spiritual Guru!.

And, No, I am not a no Jew hater stuff.

Tue, 08/10/2010 - 18:31 | 513797 jakoye
jakoye's picture

Congratulations! You're the 20th commentator I've added to my list of Nazis to ignore on zerohedge!

Tue, 08/10/2010 - 09:22 | 512344 Thunder Dome
Thunder Dome's picture

Dirty FIAT.

Tue, 08/10/2010 - 09:22 | 512345 Sudden Debt
Sudden Debt's picture

Oddly enough, Iran is now threatening with going Chinese, and becoming self-reliant

did somebody already tell them that china imports most of the soja and grain from America to?


Megatoxic: "Can you blame them?"

Iran is fucking dangerous because their leader is a crackhead. they should invade it sito presto and liberate the people as soon a possible and install a democracy!


Tue, 08/10/2010 - 09:32 | 512380 Dr. Richard Head
Dr. Richard Head's picture

Right.  Because our American handlers love democracy so much that our US handlers overturned the last democratically elected leader of Iran in 53

I guess we can also forget how all 16 of our intelligence agencies all confirm reports that Iran has only enriched uranium up to 3.5%, as opposed to the 96% required for a Fat Boy.  Also, the non-proliferation treaty being followed by Iranian officials and the confirmation that NO enriched uranium has gone outside of the deferment agreement that Iran is following.  Never mind the Iranian government has no delivery mechanism available for their non-existent nuclear bomb material. 

I have some advice for you, turn off the TV.

Tue, 08/10/2010 - 09:36 | 512389 Internet Tough Guy
Internet Tough Guy's picture

Trucks make good delivery vehicles.

Tue, 08/10/2010 - 09:44 | 512406 yuri82
yuri82's picture

Explain your cunning plan to get an Iranian truck unchecked all the way to Israel or the USA.

Tue, 08/10/2010 - 09:55 | 512426 Internet Tough Guy
Internet Tough Guy's picture

You are right of course. Nothing gets smuggled into the Gaza strip...

Tue, 08/10/2010 - 10:07 | 512463 Dr. Richard Head
Dr. Richard Head's picture

And Israel has openly allowed for inspectors to check out their "non-existent" nuclear weapons program.  They also signed the non-proliferation treaty, right?  From what I recall, the US has agreements in place that say no aid or weapons are to be sent to any rogue nation that produces nuclear grade weapons and any country that has a stance against the non-proliferation treaty. 

Is you don't between the hypocrisy of the Iran argument and the support for Israel, then your TV is too loud and you are spending WAYYYYYYY TOOOOOO much time in front of it.

Tue, 08/10/2010 - 10:30 | 512509 yuri82
yuri82's picture

Either you are dumb or you are pretending to be in order to win an argument. Are you seriously comparing regular smuggling to that of an atomic bomb?

Tue, 08/10/2010 - 10:54 | 512582 grunion
grunion's picture

Think as low-tech as one possibly can...that's how they deliver.

Tue, 08/10/2010 - 11:16 | 512636 yuri82
yuri82's picture

That's how who delivers?

Who has delivered atomic bombs in low tech? No one.


Pop quiz: Who has delivered atomic bombs, invaded several countries, killed millions of human beings, supported dictatorships?

Tue, 08/10/2010 - 12:07 | 512765 thisandthat
thisandthat's picture

You're talking DU? That's the US way of "delivering".

Tue, 08/10/2010 - 12:07 | 512766 thisandthat
thisandthat's picture


Tue, 08/10/2010 - 16:12 | 513462 DosZap
DosZap's picture


Funny you get junked for telling the truth huh?.

Not to mention what went to Iraq?, What still is going to Iraq?.

F'king hypocrites.

Tue, 08/10/2010 - 16:20 | 513482 TeresaE
TeresaE's picture

Ever hear of the millions of illegals?

Or millions of tons of drugs?

If those can get in, why couldn't a suitcase nuke and the terrorist to set it off.

Oh, that's right, that could never happen and there aren't three counties in Arizona that have been completely occupied by invaders from Mexico.

Tue, 08/10/2010 - 16:25 | 513493's picture

If those can get in, why couldn't a suitcase nuke and the terrorist to set it off.

Because Iran doesn't have one.

Tue, 08/10/2010 - 16:33 | 513500 megatoxic
megatoxic's picture

Nobody is going to nuke your precious little Israel.  The collateral damage would be too great.  Why render perfectly good coastal land uninhabitable for thousands of years?  Go sell your warmongering conspiracy theories somewhere else.  We've already invaded one country and depleted our treasury on your behalf.  We're not going to do it again.

All the good guys (aka, the Palestinians) have to do is survive.  Demographics will win out in the end.  7 million Jews with a birthrate below replacement level cannot forever occupy and oppress a growing Palestinian population in the middle of the Arab heartland.


Tue, 08/10/2010 - 18:03 | 513745 jakoye
jakoye's picture

Yes they can, they have and they will. The Arabs are too busy fighting amongst themselves to ever do anything about Israel and whenever they do rise up to try to take Israel out, they get smacked back to the floor again.

Keep dreaming, Nazi, but your dreams are just that.

Tue, 08/10/2010 - 18:51 | 513837 megatoxic
megatoxic's picture

Demographics don't lie, asshole.  7 million Jews vs. 1 billion Arabs. 

Odds are not in your favor, especially since the entire world (outside of your lackey, the United States) sees you for what you are: a fascist, apartheid state that is an embarrassment to civilization.

What are you going to do when the US finally wises up or--more likely--runs out of money to keep funneling your way?

Tue, 08/10/2010 - 11:38 | 512695 GoinFawr
GoinFawr's picture

+100 @Dr.Richard

Tue, 08/10/2010 - 09:36 | 512390 yuri82
yuri82's picture

Iran is not dangerous, has never been.

Tue, 08/10/2010 - 11:28 | 512670 ivant
ivant's picture

nowadays, the most dangerous country is north korea, and that is because they can potentially destroy a few million people, which is as likely as killing yourself by throwing a bullet at your foot. It seems to be all business now

Tue, 08/10/2010 - 11:42 | 512706 yuri82
yuri82's picture

Depends, dangerous against who's interests?


If you instead redefine it as being the "most dangerous country for humanity" then you would say Israel, England, USA, China, Pakistan, Iraq, Afghanistan, Colombia, etc...

Tue, 08/10/2010 - 16:15 | 513470 DosZap
DosZap's picture


Ever heard of the Law of the Medes & Persians?.And I guess dangerous depends on where you LIVE.....right?.


Tue, 08/10/2010 - 10:47 | 512560 ZakuKommander
ZakuKommander's picture

Like the Iraq democracy, where they held elections in March and still don't have a Government?  

If you think Ahmadinejad is the leader, you're incorrect.  Theocratic Leader Ali Khamenei is the real center of power. He is commander in chief of the army forces and head of intelligence. He appoints 500 key high officials. Ahmadinejad could not even appoint a minor vice president without Khamenei’s approval.

Tue, 08/10/2010 - 16:17 | 513478 DosZap
DosZap's picture

No, he's the idiot PUPPET about to start a major war, with his mouth.

If he can't start anything, maybe Ali, should tell him to STFU.

Tue, 08/10/2010 - 12:09 | 512757 thisandthat
thisandthat's picture

install a democracy

That was funny - keep delusional.

Tue, 08/10/2010 - 17:21 | 513649 Cathartes Aura
Cathartes Aura's picture

++ a snigger over here too. . .

Wed, 08/11/2010 - 00:03 | 514504 Milestones
Milestones's picture

Ya beat me to the punch. LMAO.   Milestones

Tue, 08/10/2010 - 09:21 | 512346 Thunder Dome
Thunder Dome's picture

Dirty FIAT.

Tue, 08/10/2010 - 09:21 | 512347 Dr. Richard Head
Dr. Richard Head's picture

I seem to remember another country that wanted to stop trading in "filthy dollars" - I believe we bombed the hell out of that country on false pretenses, but I believe the dollar cut off and the attack by the United States were related.

Tue, 08/10/2010 - 09:25 | 512355 Sudden Debt
Sudden Debt's picture

and Iran actually says they are building weapons of mass destruction! OMG!


Tue, 08/10/2010 - 09:33 | 512382 SheepDog-One
SheepDog-One's picture

Yea! How DARE someone threaten to not use the fake phony fiat USD! Shame on them! Dont they need a good nuclear strike or something? DOW 36,000 bitchez!

Tue, 08/10/2010 - 09:42 | 512403 Internet Tough Guy
Internet Tough Guy's picture

Kind of makes you wonder why Iran would play into the hands of their enemy. Inviting an attack?

Tue, 08/10/2010 - 12:15 | 512782 Max Hunter
Max Hunter's picture

That's the first time i've ever agreed with something you've said.

It is odd that Iran would be making the same moves that have caused the invasion of U.S. forces in the very recent past.

I would think Iran may have the backing of other nations that do have the power to cause serious problems for U.S./Israel if they do bomb.

There are strategies in this game of chess we could only begin to understand and without the insider information, we couldn't possible understand 100% all of the motives involved on both sides.

Tue, 08/10/2010 - 11:49 | 512719 Clycntct
Clycntct's picture

+Nice info grab.

Tue, 08/10/2010 - 09:22 | 512348 Pladizow
Pladizow's picture

The last one to threaten the Petro-Dollar was invaded and hung!

Tue, 08/10/2010 - 09:22 | 512351 Thunder Dome
Thunder Dome's picture

Dirty FIAT.

Tue, 08/10/2010 - 09:25 | 512354 CashCowEquity
CashCowEquity's picture

sounds like the USD will strengthen its grip as the main world currency and deflation will take a stranglehold sooner than expected.

Tue, 08/10/2010 - 09:28 | 512368 Bill Lumbergh
Bill Lumbergh's picture

Even though I do not agree with much of what these dictators claim, I do love how direct they are with their words:

Tue, 08/10/2010 - 09:28 | 512370 ZackAttack
ZackAttack's picture

There is zero public support for yet another Mideast Adventure in this country.

Tue, 08/10/2010 - 09:40 | 512397 SheepDog-One
SheepDog-One's picture

ZackAttack yea wasnt the massive demand to get out of the mid east wars the impetus for Barry Soetoros election win? So suddenly now all thats changed and the people want more endless wars? This doesnt end well.

Tue, 08/10/2010 - 10:43 | 512548 OpenEyes
OpenEyes's picture

There isn't much significant support for the 'adventures' we're currently in (Iraq, Afghan) either.  There wasn't any support for bailing out the banks, AIG, GM, Chrysler etc.  The Grifters running the show will do what they want, when they want, regardless of public opinion.  They don't need public support, just public apathy and obedience.  

Tue, 08/10/2010 - 12:04 | 512754 Things that go bump
Things that go bump's picture

Until they try a draft.

Tue, 08/10/2010 - 12:15 | 512784 thisandthat
thisandthat's picture

There was (near) zero support for the gulf war, until that fake staged video of "victims" duly did the rounds of the msm.

Tue, 08/10/2010 - 09:29 | 512372 flacon
flacon's picture

Isn't this what Saddam Hussein did in 2002?

Tue, 08/10/2010 - 09:30 | 512373 lizzy36
lizzy36's picture

Good luck with that.

If only they had built refining capacity instead of spending all their petrodollars on nuclear weapons and trips to Dubai for hookers and blow (i jest a bit) they wouldn`t be stuck importing 80% of their gasoline supply. Opps.  

Tue, 08/10/2010 - 09:45 | 512408 Anarchist
Anarchist's picture

The Western countries and Russia have all conspired to keep Iran from repairing their existing refineries and build new ones. The US, Europe and Russia have been making a killing selling over priced distillates to Iran.

China has stepped up to fill the void and is building seven refineries in addition to providing equipment so Iran can build it's own and maintain the ones they have.

Another moronic move by the Ziofascists that will push yet another country into the Chinese orbit. Why do the Zionists and Neocons hate America so much? It is because they want to destroy America so they can take full control of it. As usual the the clueless Sheep say baaaah....

Tue, 08/10/2010 - 10:50 | 512573 Cognitive Dissonance
Cognitive Dissonance's picture

While I will not argue with your assertion that Americans on average are passive and willfully ignorant, Americans have not cornered the market. It is a world wide epidemic of galactic proportions. The very fact that most of the 1st and 2nd world countries go along with the American insanity speaks volumes about their own passivity as well.

I really am tired of hearing how stupid we Americans are while being informed how aware the rest of the world is. If everyone else was so aware, why were they all playing follow the leader for the past 60 plus years? The "stupid Americans" bandwagon is full. No more room.

Tue, 08/10/2010 - 11:17 | 512640 Anarchist
Anarchist's picture

The leaders and populous in many Western countries agree that China, Indian and the developing world is a threat to their continued life style. We will not be alone when we start WWIII against the developing world. The problem is the stupid sheep in the Western world have no clue they are going to get sheared too. The elite have been planning for this for many years.

Tue, 08/10/2010 - 09:32 | 512379 SheepDog-One
SheepDog-One's picture

Good! Throw in a wildcard or 2 into this stupid mess! Thank God for the rogue Achmedinejad not playing ass-patsy NWO pussy with these maniacs! 

Tue, 08/10/2010 - 09:34 | 512384 Hammurabi
Hammurabi's picture

since 1999 we hear the same story, And they still use the US dollard

Tue, 08/10/2010 - 09:37 | 512394 TomB
TomB's picture

Who needs paper when you can get pretty dirham and dinar coins.

Tue, 08/10/2010 - 09:39 | 512399 old_turk
old_turk's picture

Since nobody is covering for 7777, I will:

Rubles, bitchez!!

Tue, 08/10/2010 - 09:43 | 512404 FranSix
FranSix's picture

Filthy tricksy yurpeens.

Tue, 08/10/2010 - 09:43 | 512405 Mercury
Mercury's picture

They're sanctioning themselves. 

And enterprising, third party states and entities will end up inserting themselves as middlemen, harvesting whatever value (and then some) Iran has forsaken by not dealing direct. 


Tue, 08/10/2010 - 09:46 | 512412 Anarchist
Anarchist's picture

Most goods Iran imports already have a 20% surcharge due to the worthless sanctions.

Tue, 08/10/2010 - 09:46 | 512410 Paper CRUSHer
Paper CRUSHer's picture

I remember around four or five years ago Iran was threatening to launch a new global oil exchange platform(Iranian Euro Oil Bourse) to derail the Petrodollar Exchange.....Hah!



Tue, 08/10/2010 - 09:48 | 512415 Anarchist
Anarchist's picture

You are clueless. Iran has cut long terms deals with China, India and Pakistan worth hundreds of billions of dollars. The oil Bourse will be involved in many of the transactions.

Tue, 08/10/2010 - 10:41 | 512517 Paper CRUSHer
Paper CRUSHer's picture

Bro,this is precisely what makes me laugh is the fact Iran continues to accept filthy paper(Euros&Dollars) after having signed future oil and gas contracts with China,India,etc.

..............thats what i prefer.



Tue, 08/10/2010 - 09:53 | 512422 Anarchist
Anarchist's picture

You do not need to use Dollars or Euros for many of the transactions. The barter system is transparent and you don't get stuck with volatile fiat currencies that can lose 20% in a month. Any country that needs oil and gas will line up to trade food, cars, weapons...etc.

Tue, 08/10/2010 - 17:33 | 513676 Cathartes Aura
Cathartes Aura's picture

your posts are provocative.

keep 'em up.

Tue, 08/10/2010 - 21:53 | 514301 Bringin It
Bringin It's picture


And I want to add - Any country that needs oil and gas will line up to trade food, cars, weapons...


Tue, 08/10/2010 - 09:57 | 512429 doomandbloom
doomandbloom's picture

'never mess with oil companies...or anything to do with oil trade. Oil is considered to be the blood of our dinosaurian ancestors..which only few are allowed to control'

thats my conspiracy theory for the day..:-)

Tue, 08/10/2010 - 17:39 | 513694 Cathartes Aura
Cathartes Aura's picture

hmmm. . . "dinosaur ancestors". . . reptilians?


Tue, 08/10/2010 - 09:57 | 512432 bugs_
bugs_'s picture

You can bet the Mullahs have their 3x3 foot aluminum boxes full of US $100's buried in their redoubt of redoubts just like Saddam did.

Lots of talk about not using the dollar but what was in his plan of plans?

The inherent schizophrenia.

Tue, 08/10/2010 - 11:17 | 512456 Anarchist
Anarchist's picture

The Mullahs have tons of cash hidden all over the world. One never knows the future. The Shah and his minions stole billions that has never been recovered. Most of that cash is still in Western banks.

Tue, 08/10/2010 - 09:59 | 512435 Horatio Beanblower
Horatio Beanblower's picture

The Iranians should stay away from Chinese baby milk, never mind the Dollar...


Tainted Chinese baby milk powder 'causes baby girls to grow breasts' -

Tue, 08/10/2010 - 16:29 | 513502's picture

"More and more American girls are hitting puberty as young as 7. Why is this happening — and how is it affecting their health?"

Tue, 08/10/2010 - 17:52 | 513721 Cathartes Aura
Cathartes Aura's picture

phytoestrogens. . . linked to soy, among other things.  check out their effects on both females, and male sterility, linked to soy additives in fast fud.

how's that ubiquitous GMO soybean workin' for ya kids?

Tue, 08/10/2010 - 10:19 | 512482 AUD
AUD's picture

They could accept direct payment in gold, even at a discount to encourage it.

Tue, 08/10/2010 - 11:01 | 512593 DMac
DMac's picture

Iran Digging Mass Graves For U.S. Troops If They Attack

"The mass graves that used to be for burying Saddam's soldiers have now been prepared again for U.S. soldiers, and this is the reason for digging this big number of graves," Moghadam told The Associated Press Television News late Monday. He did not say how many were prepared.


Iran to ready thousands of graves for enemy soldiers

Iran is to dig 320,000 graves in border districts to allow for the burial of enemy soldiers in the event of any attack on its territory, a top commander said on Sunday.



Tue, 08/10/2010 - 11:27 | 512665 Anarchist
Anarchist's picture

Foolish rhetoric. The US would never send troops on a deep thrust into Iran. It could attack and occupy the southern oil fields and the Irainians could do little but lob some Vietnam era missles and induce their proxies in Iraq to attack US supply lines.

If the US did anything it would launch air and missle strikes and hope the Iranian military topples the Mullahs. In reality the Iranians would shrug off any strike but they would be forced to give killer deals to the Russians and Chinese fro protection. China will be the big beneficiary of any US or Israeli strike.

Tue, 08/10/2010 - 11:53 | 512725 DMac
DMac's picture

Agreed, I posted the links as evidence of Iranian propaganda.  Both sides are ratcheting up the propaganda.

Personally, I don't think the US will strike until this project is complete:

Contractors are working flat out in the United Arab Emirates to build a giant oil pipeline that will divert up to 1.8 million barrels a day of crude exports away from the Strait of Hormuz, a narrow shipping channel watched over by Iran.

And the optimist in me says war is off the table until about 2013:

Lloyd’s peak oil report, supply crunch, $200 oil in 2013?


Tue, 08/10/2010 - 12:35 | 512826 Anarchist
Anarchist's picture

Oil terminals and pipelines are sitting ducks. 1.8 mbd is not much of a diversion anyway.

Tue, 08/10/2010 - 16:32 | 513507 DosZap
DosZap's picture


Yeah, saw that.............more LOUD mouthed rhetoric.Dig em' bitches, no one's coming in person............


The entire fkr's military was mush in less than 2 weeks.

The ELITE REPUBLICAN GUARD!!!..................a wasteland of flesh.

So will Iran's Nuke facilities be mush..........the stability of the ME (Sans Israels ongoing saga), is FAR more important than USD's.

Tue, 08/10/2010 - 11:05 | 512605 ElvisDog
ElvisDog's picture

This story is a non-event. Oil is a fungible resource. It makes absolutely no difference what currency it is priced in. If this is the best Iran can do in response to sanctions, it's pretty feeble. That being said, my question is what are liberals in this country going to do when Obama declares war on Iran (which is where all this is headed). Will all those columnists that were so busy during GWB's tenure suddenly go mute?

Tue, 08/10/2010 - 13:46 | 512958's picture

Will all those columnists that were so busy during GWB's tenure suddenly go mute?

Most of them already have. Others have become cheerleaders in the game of bombing Afghan women in the name of womens' rights.

Tue, 08/10/2010 - 18:01 | 513733 Cathartes Aura
Cathartes Aura's picture

and covert / overt supply of viagra from the CIA to warlords just to keep teh boyz happy. . .

In the case of the 60-year-old warlord - the head of a clan in southern Afghanistan who had not co-operated - operatives saw he had four younger wives.

The pills were explained and offered. Four days later the agents returned.

"He came up to us beaming," the Post quoted an agent as saying. "He said, 'You are a great man.'

amrka pimping for the yankee dollah.

Tue, 08/10/2010 - 11:11 | 512618 Grand Supercycle
Grand Supercycle's picture

SP500 important chart update :

Tue, 08/10/2010 - 11:35 | 512691 THE DORK OF CORK
THE DORK OF CORK's picture

Its a old story really.  


Tue, 08/10/2010 - 13:19 | 512910 americanspirit
americanspirit's picture

War in the name of greed and power is an old story indeed. But the oldest story is the wrath of god - richly deserved by all parties in this case. End game.

Tue, 08/10/2010 - 14:46 | 513172 Azannoth
Azannoth's picture

Guess what this means WAR!!!

Tue, 08/10/2010 - 16:12 | 513467's picture

"This Country's Going to War"- Duck Soup sequence

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