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Are The Middle East Wars Really About Forcing the World Into Dollars and Private Central Banking?
The Middle Eastern and North African wars – planned 20 years ago – don’t necessarily have much to do with fighting terrorism. See this, this and this.
They are, in reality, about oil.
And protecting Israel (and read the section entitled “Securing the Realm” here).
But as AFP reports today, there is another major motivation for the expanding wars:
The latest round of American sanctions are aimed at shutting down Iran’s central bank, a senior US official said Thursday, spelling out that intention directly for the first time.
“We do need to close down the Central Bank of Iran (CBI),” the official told reporters on condition of anonymity, while adding that the United States is moving quickly to implement the sanctions, signed into law last month.
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Foreign central banks that deal with the Iranian central bank on oil transactions could also face similar restrictions under the new law, which has sparked fears of damage to US ties with nations like Russia and China.
“If a correspondent bank of a US bank wants to do business with us and they’re doing business with CBI or other designated Iranian banks… then they’re going to get in trouble with us,” the US official said.
Why is the U.S. targeting Iran’s central bank?
Well, multi-billionaire Hugo Salinas Price told King World News:
What happened to Mr. Gaddafi, many speculate the real reason he was ousted was that he was planning an all-African currency for conducting trade. The same thing happened to him that happened to Saddam because the US doesn’t want any solid competing currency out there vs the dollar. You know Gaddafi was talking about a gold dinar.
As I noted in August:
Ellen Brown argues in the Asia Times that there were even deeper reasons for the war than gold, oil or middle eastern regime change.
Brown argues that Libya – like Iraq under Hussein – challenged the supremacy of the dollar and the Western banks:
Later, the same general said they planned to take out seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.
What do these seven countries have in common? In the context of banking, one that sticks out is that none of them is listed among the 56 member banks of the Bank for International Settlements (BIS). That evidently puts them outside the long regulatory arm of the central bankers’ central bank in Switzerland.
The most renegade of the lot could be Libya and Iraq, the two that have actually been attacked. Kenneth Schortgen Jr, writing on Examiner.com, noted that “[s]ix months before the US moved into Iraq to take down Saddam Hussein, the oil nation had made the move to accept euros instead of dollars for oil, and this became a threat to the global dominance of the dollar as the reserve currency, and its dominion as the petrodollar.”
According to a Russian article titled “Bombing of Libya – Punishment for Ghaddafi for His Attempt to Refuse US Dollar”, Gaddafi made a similarly bold move: he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar. Gaddafi suggested establishing a united African continent, with its 200 million people using this single currency.
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And that brings us back to the puzzle of the Libyan central bank. In an article posted on the Market Oracle, Eric Encina observed:
One seldom mentioned fact by western politicians and media pundits: the Central Bank of Libya is 100% State Owned … Currently, the Libyan government creates its own money, the Libyan Dinar, through the facilities of its own central bank. Few can argue that Libya is a sovereign nation with its own great resources, able to sustain its own economic destiny. One major problem for globalist banking cartels is that in order to do business with Libya, they must go through the Libyan Central Bank and its national currency, a place where they have absolutely zero dominion or power-broking ability. Hence, taking down the Central Bank of Libya (CBL) may not appear in the speeches of Obama, Cameron and Sarkozy but this is certainly at the top of the globalist agenda for absorbing Libya into its hive of compliant nations.
Alex Newman wrote in November:
According to more than a few observers, Gadhafi’s plan to quit selling Libyan oil in U.S. dollars — demanding payment instead in gold-backed “dinars” (a single African currency made from gold) — was the real cause [of the Libyan war and killing of Gadhafi]. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.
And it literally had the potential to bring down the dollar and the world monetary system by extension, according to analysts. French President Nicolas Sarkozy reportedly went so far as to call Libya a “threat” to the financial security of the world. The “Insiders” were apparently panicking over Gadhafi’s plan.
“Any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world’s central banks,” noted financial analyst Anthony Wile, editor of the free market-oriented Daily Bell, in an interview with RT. “So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward [for] removing him from power.”
According to Wile, Gadhafi’s plan would have strengthened the whole continent of Africa in the eyes of economists backing sound money — not to mention investors. But it would have been especially devastating for the U.S. economy, the American dollar, and particularly the elite in charge of the system.
“The central banking Ponzi scheme requires an ever-increasing base of demand and the immediate silencing of those who would threaten its existence,” Wile noted in a piece entitled “Gaddafi Planned Gold Dinar, Now Under Attack” earlier this year. “Perhaps that is what the hurry [was] in removing Gaddafi in particular and those who might have been sympathetic to his monetary idea.”
Investor newsletters and commentaries have been buzzing for months with speculation about the link between Gadhafi’s gold dinar and the NATO-backed overthrow of the Libyan regime. Conservative analysts pounced on the potential relationship, too.
“In 2009 — in his capacity as head of the African Union — Libya’s Moammar Gadhafi had proposed that the economically crippled continent adopt the ‘Gold Dinar,’” noted Ilana Mercer in an August opinion piece for WorldNetDaily. “I do not know if Col. Gadhafi continued to agitate for ditching the dollar and adopting the Gold Dinar — or if the Agitator from Chicago got wind of Gadhafi’s (uncharacteristic) sanity about things monetary.”
But if Arab and African nations had begun adopting a gold-backed currency, it would have had major repercussions for debt-laden Western governments that would be far more significant than the purported “democratic” uprisings sweeping the region this year. And it would have spelled big trouble for the elite who benefit from “freshly counterfeited funny-money,” Mercer pointed out.
“Had Gadhafi sparked a gold-driven monetary revolution, he would have done well for his own people, and for the world at large,” she concluded. “A Gadhafi-driven gold revolution would have, however, imperiled the positions of central bankers and their political and media power-brokers.”
Adding credence to the theory about why Gadhafi had to be overthrown, as The New American reported in March, was the rebels’ odd decision to create a central bank to replace Gadhafi’s state-owned monetary authority. The decision was broadcast to the world in the early weeks of the conflict.
In a statement describing a March 19 meeting, the rebel council announced, among other things, the creation of a new oil company. And more importantly: “Designation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and appointment of a Governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.”
The creation of a new central bank, even more so than the new national oil regime, left analysts scratching their heads. “I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising,” noted Robert Wenzel in an analysis for the Economic Policy Journal. “This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences,” he added. Wenzel also noted that the uprising looked like a “major oil and money play, with the true disaffected rebels being used as puppets and cover” while the transfer of control over money and oil supplies takes place.
Other analysts, even in the mainstream press, were equally shocked. “Is this the first time a revolutionary group has created a central bank while it is still in the midst of fighting the entrenched political power?” wondered CNBC senior editor John Carney. “It certainly seems to indicate how extraordinarily powerful central bankers have become in our era.”
Similar scenarios involving the global monetary system — based on the U.S. dollar as a global reserve currency, backed by the fact that oil is traded in American money — have also been associated with other targets of the U.S. government. Some analysts even say a pattern is developing.
Iran, for example, is one of the few nations left in the world with a state-owned central bank. And Iraqi despot Saddam Hussein, once armed by the U.S. government to make war on Iran, was threatening to start selling oil in currencies other than the dollar just prior to the Bush administration’s “regime change” mission. While most of the establishment press in America has been silent on the issue of Gadhafi’s gold dinar scheme, in Russia, China, and the global alternative media, the theory has exploded in popularity.
A reader comments:
No one is paying attention to the petro-dollars and the current desperation of European and US banks. Even Iran prices oil in $$$s per the treaty after WWII, but no one wants $$$s any more because it has been such a poor investment vehicle. Gold has been much better. Iraq did not want $$$s, was invaded. Libya did not want $$$s, was invaded (I believe they wanted gold). Iran does not want $$$. The dollars are deposited in US and European banks. The dollars standing as the finacial reserve currency of the world was / is being threatened, and thus the Federal Reserve Banks ability to print unlimited dollars!
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As a former service member and a brother of a current service member, this piss me off. Kids.... KIDS.... are dying over the politics of old men who want to get richer (monetarily and with resources). It sucks!.... REALLY REALLY SUCKS!. I got into the finance industry to help the average person, and will continue doing so....but sometimes, I think maybe I need to TRY to make a mark in politics.
It is the nature of our minds to perceive order where there is none. Gestalt Theory. We see patterns where none exists. Did Gavarilo Princip intend to set in motion the murder of millions? O course not. He was a kid with a limited world view. It is only in retrospect that the uncoordinated individual actions of millions produce the pattern that brings us to the present.
This is why conspiracy theories are rampant. Occum’s Razor is the rule by which most of these schemes should be measured. The absolute complete fallacy of central planners is their assumption that they know what is going on and that they can control it.
Imagine the surprise in the Forum when the Visigoths showed up.
But sometimes Conspiracy Theories prove to be true. Look at Vietnam. Declassified documents (released at night on a weekend) showed that the Gulf of Tonkin incident was staged to get us in Vietnam. How could one predict that we were going invade Libya (and we did have "boots on the ground")? How about the Al Queda soldiers we DID release into Eastern Libya? Like I said, sometimes Conspiracy Theories turn out to be Conspiracy Facts.
I said this before also: With limited resources the people that have it, don't want to give it up and the people who don't have it, want it.
Just my humble opinion.
This article is touching the root of all the disorder and fighting today. I sense it is right on the money.
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Sacrilege.
Dang, couldn't you have at least let me boast a little around this weekend before you yanked the rug out from under me?
I saw the Ellen Brown/Asia Times story when it first came out in April of last year and it appeared to be a rehash of the usual ill-considered conspiracy theories about conniving central bankers and robotic governments.
Oil producers accept currencies that are traded on world currency markets, one currency becomes another at a keystroke.
If Libya or any other country instituted a currency that was convertible to gold on demand it would vanish from circulation as the gold bugs would vacuum it up and hoard it. Libya would have to issue more ‘debt money’. The last ‘gold money’ was South Africa’s. Many countries including the US have gold as part of F/X reserves but this has nothing to do with the currency these countries circulate.
The Middle Eastern producers have working on a euro-like monetary unit for Persian Gulf economies for years but have been unable to agree about implementation. If you are looking for a currency problem, look to Europe.
Dollar dominance is by default, the US has circulated so many of them since the end of WWII. What has been considered a vice is actually a ‘virtue’ as dollars can be readily had by anyone in any country, including Iran and Libya. The other side of dollar dominance is dollar hardness, this is due to peak oil. Dollars are freely exchanged every second everywhere in the world for a valuable physical good on demand … which is burned up for nothing. The outcome is deflation which is now unraveling the world’s economies, including those of oil producers and consumers alike.
If it wasn’t the dollar it would be something else.
If Libya or any other country instituted a currency that was convertible to gold on demand it would vanish from circulation as the gold bugs would vacuum it up and hoard it.
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Nope.
Gold hoarding is enabled by fiat money.
With fiat, gold has not to be recirculated to buy stuff.
X fiat amount buys Y gold amount.
Hoard Y
Emit new X buy Y
Hoard Y
Gold bugs are a product of fiat money. They dont have to recirculate their gold to buy stuff.
As those countries are commodity looted, the end game is known
US economy bilateral trade with any of these economies could not have recycled gold fast enough in the US economy compared to the huge need in commodities the US does have.
US would have run out of gold in this scenario.
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If it wasn’t the dollar it would be something else.
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Maybe. But it is surer that this something else would work at the benefit of the US.
Hence it is not neutral and US of A has to make sure it is not something else.
your definition of "default" is a little G rated. Strange how something so "freely exchanged" costs so many lives and incomes
If Libya or any other country instituted a currency that was convertible to gold on demand it would vanish from circulation as the gold bugs would vacuum it up and hoard it. Libya would have to issue more ‘debt money’.
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I don't see that-
First of all that gold currency would become a monetary anchor and all other currencies would float against it-like they all do now-what would matter is the exchange rate and buying the Dinar would be no different than what the daily price of gold was in your currency-so i don't see how all the goldbugs could do anymore than they're already doing with normal gold buying
If they myth of convertibility on demand isn't a reality, what good is a gold backed currency?
MENA ZHers wouldn't be able to jack-off on their gold stash while posting.
Duh...
must read:
http://rickthehealthsleuth.blogspot.com/2011/01/whole-foods-sells-out-to-monsanto.html
Whole Foods is a whore like the rest of them. Highly recommend The Future of Food - the full length is on YouTube
The World According to Monsanto
http://www.youtube.com/watch?v=fvGddgHRQyg
I've tried to get people to watch this...it has been a futile venture.
Judging by your post, I'm guessing you've seen it.
Iran, for example, is one of the few nations left in the world with a state-owned central bank. And Iraqi despot Saddam Hussein, once armed by the U.S. government to make war on Iran, was threatening to start selling oil in currencies other than the dollar just prior to the Bush administration’s “regime change” mission. While most of the establishment press in America has been silent on the issue of Gadhafi’s gold dinar scheme, in Russia, China, and the global alternative media, the theory has exploded in popularity.
But if Arab and African nations had begun adopting a gold-backed currency, it would have had major repercussions for debt-laden Western governments
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Just excluding the USD as currency to purchase oil would have no effect on the US being able to buy oil at the market price with whatever currency-
They could simply swap USD's for Euro or Yen or what ever currency and purchase the oil with no ill effects-Iran never said they would not sell oil to the US-just that they would not except the USD- so no big deal-
The problem would be gold-no matter what the oil/currency benchmark price was-if any country had to buy oil and pay for it in gold it would create a new demand for gold and i think that would become a big problem for all non gold backed currencies that had to purchase a gold currency against who knows what floating exchange rate and Sarkozey knew it-
All of you here who say that it makes no difference what currency oil is sold in, because of the exchange rate mechanism, do not understand what is really going on. The US is an empire, and like all empires, we project power and take tribute from the nations we dominate. What's that you say, we don't get anything like tribute, no payments or products from the nations of the world? this is the basis of your misunderstanding.
Like no other empire on earth before us, we have devised a unique system that fools the peoples of the world. We take tribute by spending paper dollars, in a never ending stream of trade deficit. We spend these dollars all over the world, and never expect them to return to the US. How can this happen? Because the world's nations need dollars to buy oil. And because of the constantly increasing price of oil, more and more dollars are needed. Much of the rest of world trade is also done in dollars.
So, do you get it? The tribute paid to us because we are the empire, occurs every month in our lack of a balance of trade. We buy more goods and services on the world market every month, than we sell. The difference is the tribute the world pays to us for being the empire. Just as any empire would wage war to protect it's tribute payments, so we attack any country that threatens to sell oil for other than dollars.
We made the deal with Saudi Arabia in 1971 to only trade oil for dollars, simultaneously with the end of the gold standard. There is a complicated relationship between Gold, oil, dollars and war.
So what would happen if the oil producing countries stopped selling oil for dollars? Stop and think about this. Since the world is fed up and does not want to use dollars any more, they would no longer have to hold them, and they would quickly return to the US, to buy whatever assets were available, at whatever price it took to buy them. Since there are roughly 2X as many dollars in the rest of the world as there is in the US, it's easy to see a huge and very quick inflation as a result.
Get it?
Like no other empire on earth before us, we have devised a unique system that fools the peoples of the world. We take tribute by spending paper dollars, in a never ending stream of trade deficit. We spend these dollars all over the world, and never expect them to return to the US. How can this happen? Because the world's nations need dollars to buy oil. And because of the constantly increasing price of oil, more and more dollars are needed. Much of the rest of world trade is also done in dollars.
So, do you get it?
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That was the longest most clueless line of shit drivel I've ever read-actually i stopped reading halfway through-
Try this-I will highlight in bold something you need to pay attention to-
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Saudi Arabia won't discuss pricing oil in currencies other than the dollar, Saudi Foreign Minister Prince Saud Al-Faisal said, speaking at a meeting of oil and finance ministers today that was accidentally broadcast to journalists.
The Organization of Petroleum Exporting Countries, which pumps more than 40 percent of the world's oil, has seen its revenue diminish because of the decline in the dollar over the past three years. OPEC holds a heads of state summit in Riyadh tomorrow.
``As for the monetary aspect and the dollar I would like to ask his Excellency, the minister of Iran, to leave this question to the appropriate party, the ministers of finance, without mentioning that we gave them this task so that there won't be negative impact from OPEC,'' Al-Faisal said, speaking in reaction to an Iranian proposal to discuss the currency.
Some OPEC members have said they will consider increasing transactions in euros. The dollar has fallen almost 15 percent against the euro in the past 12 months.
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=&sid=avaHAh3PQvUE
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One more time-just for you-
Some OPEC members have said they will consider "increasing" transactions in euros.
Did you get it??
The keyword-- "increasing"
Which means--they already were trading OIL in EUROS and they simply plan on trading "more" Oil in Euros-
The USD/OIL price is simply a world "benchmark" price-nothing else-same for gold and silver and any other commodity--
You Empire explanation is built of straw-
get it??
Funny, I found most of your argument as very supportive of what I said. Have you checked the Euro vs dollar price recently? I think you might be in for a surpise. I think some of your quotes may be a bit of double talk, in that OPEC countries might have other transactions in Euros, but they sell oil for dollars and pretty much only for dollars. You might do some searching to find some countries selling oil for Euros. I can name two who did in the past, Iraq and Libya.
And I don't get the reason for the long quote about the Iranian guy. Iran is up next on the hit list, because they trade oil for Euros, and have recently set up deals to trade it in other currencies. Thus supporting my argument. You make no sense.
Even though I try to be clever in my comments, I didn't think all this up. I first read a long essay by a Russian economist/KGB guy who explained the whole thing. sadly, I can't find a link for that, so here are two others that explain it.
http://www.deflationeconomy.com/world-deflation.html
http://www.antipasministries.com/html/file0000246.htm
How else would you explain our huge, ongoing trade deficit of over 40 years?
Funny, I found most of your argument as very supportive of what I said. Have you checked the Euro vs dollar price recently?
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I'll give you a quick lesson here and by the looks of it-there's only a few others on this board-that understand this-
What does the EUR/USD exchange rate have to do with buying Oil-or anything else?
All currency is fungible and so is oil or gold or for that matter all commodities-
Currencies are all exchangeable on trading floors and it can be done in nano seconds-so when that article i posted from 2007 was released-the dollar was sliding against the Euro so the OPEC countries wanted to divest some dollars into Euro which they were free to do so-
Today-the Euro is sliding against the dollar so perhaps they have been inclined to raise their dollar reserves in order to hedge against the Euro devaluation-no mystery at all-just good market sense-
Oil does not have to be priced in Euros to trade in Euros or priced in any currency-but it is as i said before--priced in USD's as a world "benchmark price"-again-no mystery-
If Saudi sells oil to the Euros-in Euros which they do-they could instantly convert that currency to any other currency and hold whatever they want-
So--currencies float and so does the price of oil and all other commodities-
Pricing oil or any other commodity in Euros or Yen or whatever-will not cause a price change in USD's- look at gold for example which is priced in every currency-does that change the price of gold anywhere?
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How else would you explain our huge, ongoing trade deficit of over 40 years?
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Why this is so hard to understand is another mystery to me-
The US is the largest economy in the world so other trading countries run a trade surplus with the US and so by a function of pure math-the US must run a trade deficit with those countries and so foreign countries end up with USD's in reserves-they also hold Euros and Yen and whatever currency they chose to hold-but by math-because the US is at the moment the largest consumer of oil- USD's are the largest reserves held-think China-
What those countries do with USD's does not matter to the price of oil-but generally the dollars come back to the US and are exchanged again for currency equivalents such as T-bonds-
I don't need a lesson in Eur/Usd exchange rate. The only reason I mentioned that was because you erroneously quoted some figures and made a big deal out of it. And I'm not talking about oil being priced in dollars, I'm talking about oil being sold for dollars, whatever the price. Can someone else jump in here and explain about oil for dollars, how we made the deal with the Saudis, etc?
And your explanation for the trade deficit? You give no explanation at all except for a circular argument. Other countries run a trade deficit with us because we are the largest economy? You'll have to do better than that. If the dollars come back to the US and are exchanged for T-bonds, it makes no difference. The dollars, or dollar instruments are still out there. Because countries like Saudi and China hold them, simply means that more dollars are needed to purchase oil, and hence we can continue with the taking of tribute in the form of trade deficit.
Once again, I didn't think this up, you can read about it over and over in the literature.
"Profiting from the dollar's status as global reserve currency, it can buy from overseas, pay in dollars, and then print more dollars to replace those shipped abroad. The resulting inflation of the US greenback reduces the value of the trillions of dollars held in foreign accounts. According to Bonner and Wiggin (2006, 37) ‘[This] is a form of imperial tribute. It is America's only way of making the empire pay.’ China's policy of pegging its currency to the dollar since 1997 not only safeguarded the competitiveness of its products in the American market but also provided automatic relief from payment of this tribute. US policymakers bristled at what they deemed a violation of free trade principles but which was in reality just a more direct form of currency manipulation than their own. However, they lacked the muscle — political or economic — to compel Chinese obeisance on the issue of renminbi revaluation."
To read the rest of this-- http://www.palgrave-journals.com/ip/journal/v45/n1/full/8800147a.html
And your explanation for the trade deficit? You give no explanation at all except for a circular argument. Other countries run a trade deficit with us because we are the largest economy? You'll have to do better than that
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It's no wonder this is all lost on you-you can't read-
Here's what i said-
"The US is the largest economy in the world so other trading countries run a trade surplus with the US"
I suggest you look up what "surplus" means and then perhaps you can understand why they hold more USD's than any other currency and-if you understand exchange rates and the freedom for "any" country to hold whatever currency they choose-you will understand why oil can and does sell in "any" currency-save Zimbabwe and perhaps a few others-
That's an explanation? That's like saying you are taller than me because you are bigger. If the situation were reversed, onne could just as easily say that because we are the largest economy, the world wants our goods, and they run a trade deficit with us, cause we don't want to buy much of their stuff and they want lots of our stuff. It doesn't explain anything.
You are a moron.
So, name some countries that sell oil in other than dollars. I want links that actually say they do this. I'll be waiting.
You are a moron.
So, name some countries that sell oil in other than dollars. I want links that actually say they do this. I'll be waiting.
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Typical-you can't prove your bullshit story and when you get backed into a corner you become agitated-
Here you go meathead-and since it was you who brought up the "empire" bullshit-the onus is on you to prove that China had to convert Yaun to USD's to buy this oil-
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China's imports of Iranian crude oil fell by almost a third in the first half of the year, new figures showed this week. Volumes have decreased just as new US and European sanctions threaten to disrupt energy ties between the two countries, experts say. Iran shipped just over 9 million barrels of oil to China to the end of last month, making it China's third-largest crude supplier, according to fresh Chinese customs data. That was down from 13.1 million barrels in the first half of last year, even as Chinese imports from Angola, Saudi Arabia and other major exporters rose significantly.
http://www.thenational.ae/business/energy/irans-top-oil-customer-buys-less
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Now-let's suppose you were right about oil "must be sold only in USD's"
So now that Iran-by force must accept all these USD's from China--prove that Iran couldn't immediately go to the exchange counter and convert them into another currency-
Where are the rules that would prohibit that?(hint) there is none-
So-if you're capable of understanding this so far-what fucken good would it do for the US to somehow (in your fantasy) force the sale of Iranian oil in USD's-when in a second of arrival-they could immediately sell the fucken things for "any currency" or for gold or anything they decide to-or they can and do--hold them as bank reserves?
Answer that-and if you can't and i know you can't-then you are wrong-
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During 2007, Iran asked its petroleum customers to pay in non US dollar currencies. By December 8, 2007, Iran reported to have converted all of its oil export payments to non-dollar currencies.[9] The Kish Bourse was officially opened in a videoconference ceremony on February 17, 2008, despite last minute disruptions to the internet services to the Persian Gulf regions. Currently the Kish Bourse is only trading in oil-derived products, generally those used as feedstock for the plastics and pharmaceutical industries. However, officially published statements by Iranian oil minister Gholamhossein Nozari indicate that the second phase, to establish trading in crude oil directly, which has been suggested might one day perhaps create a "Caspian Crude" benchmark price analogous to Brent Crude or WTI will only be started after the Bourse has demonstrated a reasonable period of trouble-free running
December 2006 Bloomberg cited two Iranian newspapers reporting Iran's Minister of Economy Davoud Danesh-Ja'fari Iran as wanting to cut US dollar based transactions to a minimum.
Japan has also announced that it would be willing to switch to Yen from US Dollars.[24] Iran's central banker announced in March 2007 that Iran had cut its holding of U.S.-dollar assets to around 20% of its foreign reserves in response to U.S. hostility.[25]
http://en.wikipedia.org/wiki/Iranian_oil_bourse
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The USD is still the most widely held and most accepted currency on the planet (reserve currency status?) so naturally-those countries that hold them in reserves do use them for reserves-for buying oil-for buying all sorts of commodities-including US debt paper-
So you see--The "MYTH" that the US is "forcing" Iran or Saudi or Russia or Norway or Britain or Canada to sell oil only in USD's--lives only inside your clueless fucken head-
So, here we have it. The only country you can come up with is IRAN. Ding. . . . Diing. . . . Ding. . . . Ding. . . . !!!! And you are our winner for today. Yes the man has figured it out. Iran is selling it's oil for. . . . NOT DOLLARS. AND we are going to bomb the shit out of them, destroy their government and implement regime change. That is the whole point of all this. Do you get it now? Iraq sells oil for. . . . not dollars, and we invade and bomb them back to the stone age and kill Hussein. Libya sells oil for . . . . not dollars. . . . and we invade and bomb them into submission, steal their gold, and kill Qadaffi. Are you seeing a pattern here?
My god man, I say my idea and you say it back to me and then you say I'm wrong.
Discussion over. You must be one of them trolls they talk about so much here.
So, here we have it. The only country you can come up with is IRAN. Ding. . . . Diing. . . . Ding. . . . Ding. . . . !!!!
My god man, I say my idea and you say it back to me and then you say I'm wrong.
Discussion over. You must be one of them trolls they talk about so much here.
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Sorry fuckwit-but the only one who lost was you-
You never proved one of your stupid fucken "theory's" (not one)
Does this sound like only Iran?
Is only Iran considered "Persian Gulf regions" ?
Explain Japan??
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The Kish Bourse was officially opened in a videoconference ceremony on February 17, 2008, despite last minute disruptions to the internet services to the Persian Gulf regions.
Japan has also announced that it would be willing to switch to Yen from US Dollars.[24]
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I would want to end the discussion too--if i got my ass kicked as bad as you just did-
Again, you just continue to prove my point, in addition to proving your stupidity.
THE KISH BOURSE IS IN IRAN. IT'S PART OF THE REASON WE ARE GOING TO INVADE THEM. THEIR BOURSE IS JUST A FURTHER ATTEMPT TO BE INDEPENDENT OF LONDON/NEW YOURK/DOLLAR INFLUENCES.
Japan doesn't sell oil.
Just go away.
Japan doesn't sell oil.
Just go away.
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You have to be totally dyslexic--
Everything you interpret is completely assbackwards--
Nowhere did it say Japan "sells" oil-
Japan "buys" oil and guess what?
They buy it in Yen-from not only Iran but from Norway and Russia and GB and they pay for it in Yen-
The Euros get their oil from Russia and guess what?
They pay for it in EUR-
Canada buys some oil from the US and do you suppose they pay for it in USD's? lol
And--the smoking gun that blows your bullshit idiotic IRAN only therory all to hell--
Saudi Foreign Minister Prince Saud Al-Faisal said, speaking at a meeting of oil and finance ministers today that was accidentally broadcast to journalists. Some OPEC members have said they will consider increasing transactions in euros.Is OPEC "only" Iran in your opinion??
You are in denial and btw--only an asshole would mark himself up-
http://www.thirdworldtraveler.com/Iraq/Iraq_dollar_vs_euro.html
The Invasion of Iraq: Dollar vs Euro
Re-denominating Iraqi oil in U. S. dollars, instead of the euro
by Sohan Sharma, Sue Tracy, & Surinder Kumar
Also in the early 1970s, U.S. oil production peaked and its energy resources began to deplete. Its own oil production could not keep pace with growing home consumption. Since then, U.S. demand for oil continually increased, and by 2002-2003 the U.S. imported approximately 60 percent of its oil-OPEC (primarily Saudi Arabia) being the main exporter. The U.S. sought to protect its dollar strength and hegemony by ensuring that Saudi Arabia price its oil only in dollars. To achieve this, the U.S. made a deal, some say a secret one, that it would protect the Saudi regime in exchange for their selling oil only in dollars.
Throughout the late 1950s and 1960s the Arab world was in ferment over an emerging Nasser brand of Arab nationalism and the Saudi monarchy began to fear for its own stability. In Iraq, the revolutionary officers corps had taken power with a socialist program. In Libya, military officers with an Islamic socialist ideology took power in 1969 and closed the U.S. Wheelus Air base; in 1971, Libya nationalized the holdings of British Petroleum. There were proposals for uniting several Arab states-Syria, Egypt, and Libya. During 1963-1967, a civil war developed in Yemen between Republicans (anti-monarchy) and Royalist forces along almost the entire southern border of Saudi Arabia. Egyptian forces entered Yemen in support of republican forces, while the Saudis supported the royalist forces to shield its own monarchy. Eventually, the Saudi government-a medieval, Islamic fundamentalist, dynastic monarchy with absolute power-survived the nationalistic upheavals.
Saudi Arabia, the largest oil producer with the largest known oil reserves, is the leader of OPEC. It is the only member of the OPEC cartel that does not have an allotted production quota. It is the "swing producer," i.e., it can increase or decrease oil production to bring oil draught or glut in the world market. This enables it more or less to determine prices.
Oil can be bought from OPEC only if you have dollars. Non-oil producing countries, such as most underdeveloped countries and Japan, first have to sell their goods to earn dollars with which they can purchase oil. If they cannot earn enough dollars, then they have to borrow dollars from the WB/IMF, which have to be paid back, with interest, in dollars. This creates a great demand for dollars outside the U.S. In contrast, the U.S. only has to print dollar bills in exchange for goods. Even for its own oil imports, the U.S. can print dollar bills without exporting or selling its goods. For instance, in 2003 the current U.S. account deficit and external debt has been running at more than $500 billion. Put in simple terms, the U.S. will receive $500 billion more in goods and services from other countries than it will provide them. The imported goods are paid by printing dollar bills, i.e., "fiat" dollars.
Fiat money or currency (usually paper money) is a type of currency whose only value is that a government made a "fiat" (decree) that the money is a legal method of exchange. Unlike commodity money, or representative money, it is not based in any other commodity such as gold or silver and is not covered by a special reserve. Fiat money is a promise to pay by the usurer and does not necessarily have any intrinsic value. Its value lies in the issuer's financial means and creditworthiness.
Such fiat dollars are invested or deposited in U.S. banks or the U.S. Treasury by most non-oil producing, underdeveloped countries to protect their currencies and generate oil credit. Today foreigners hold 48 percent of the U.S. Treasury bond market and own 24 percent of the U.S. corporate bond market and 20 percent of all U.S. corporations. In total, foreigners hold $8 trillion of U.S. assets. Nevertheless, the foreign deposited dollars strengthen the U.S. dollar and give the United States enormous power to manipulate the world economy, set rules, and prevail in the international market.
Thus, the U. S. effectively controls the world oil-market as the dollar has become the "fiat" international trading currency. Today U.S. currency accounts for approximately two-thirds of all official exchange reserves. More than four-fifths of all foreign exchange transactions and half of all the world exports are denominated in dollars and U.S. currency accounts for about two-thirds of all official exchange reserves. The fact that billions of dollars worth of oil is priced in dollars ensures the world domination of the dollar. It allows the U.S. to act as the world's central bank, printing currency acceptable everywhere. The dollar has become an oil-backed, not gold-backed, currency.
If OPEC oil could be sold in other currencies, e.g. the euro, then U.S. economic dominance-dollar imperialism or hegemony-would be seriously challenged. More and more oil importing countries would acquire the euro as their "reserve," its value would increase, and a larger amount of trade would be transacted and denominated in euros. In such circumstances, the value of the dollar would most likely go down, some speculate between 20-40 percent.
In November 2000, Iraq began selling its oil in euros. Iraq's oil for food account at the UN was also in euros and Iraq later converted its $10 billion reserve fund at the UN to euros. Several other oil producing countries have also agreed to sell oil in euros-Iran, Libya, Venezuela, Russia, Indonesia, and Malaysia (soon to join this group). In July 2003, China announced that it would switch part of its dollar reserves into the world's emerging "reserve currency" (the euro).That list of countries sure sounds like the list of bad guys, huh?
That list of countries sure sounds like the list of bad guys, huh?
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Pure fucking bullshit wrote by 3 clueless assholes--
Proves nothing--
from almost 10 years ago
Cóilín Nunan: Oil, Currency and the War on Iraq
Oil is not just by far the most important commodity traded internationally, it is the lifeblood of all modern industrialised economies. If you don't have oil, you have to buy it. And if you want to buy oil on the international markets, you usually have to have dollars. Until recently all OPEC countries agreed to sell their oil for dollars only. So long as this remained the case, the euro was unlikely to become the major reserve currency: there is not a lot of point in stockpiling euros if every time you need to buy oil you have to change them into dollars. This arrangement also meant that the US effectively part-controlled the entire world oil market: you could only buy oil if you had dollars, and only one country had the right to print dollars - the US.
If on the other hand OPEC were to decide to accept euros only for its oil (assuming for a moment it were allowed to make this decision), then American economic dominance would be over. Not only would Europe not need as many dollars anymore, but Japan which imports over 80% of its oil from the Middle East would think it wise to convert a large portion of its dollar assets to euro assets (Japan is the major subsidiser of the US because it holds so many dollar investments). The US on the other hand, being the world's largest oil importer would have to run a trade surplus to acquire euros. The conversion from trade deficit to trade surplus would have to be achieved at a time when its property and stock market prices were collapsing and its domestic supplies of oil and gas were contracting. It would be a very painful conversion.
So far only one OPEC country has dared switch to the euro: Iraq, in November 20002, 3. There is little doubt that this was a deliberate attempt by Saddam to strike back at the US, but in economic terms it has also turned out to have been a huge success: at the time of Iraq's conversion the euro was worth around 83 US cents but it is now worth over $1.05. There may however be other consequences to this decision.
One other OPEC country has been talking publicly about possible conversion to the euro since 1999: Iran2,4, a country which has since been included in the George W. Bush's 'axis of evil'.
A third OPEC country which has recently fallen out with the US government is Venezuela and it too has been showing disloyalty to the dollar. Under Hugo Chavez's rule, Venezuela has established barter deals for trading its oil with 12 Latin American countries as well as Cuba. This means that the US is missing out on its usual subsidy and might help explain the American wish to see the back of Chavez.
http://www.feasta.org/documents/papers/oil1.htm
All you're doing is posting stupid misguided reports of what someone "believes to be true-
You need to go back to what i said about trading currencies-
What is stopping "any" country from exchanging USD's the second they arrive in a country?
NOTHING and you cannot prove otherwise-
SO--what fucken advantage would it be for the US and what EXTRA dollar demand would it create IF they sold oil in dollars and then traded/exchanged them immediately for any other currency??
When you can answer that not so easy question that completely BLOWS AWAY your dumbfuck conspiracy theory---we can continue-
the satanist worshipping globalists symbol is not 666, but the number 11. multiple figures can be added or subtracted to equal 11. 2012 is the year chosen to finally conclude their timeline. 2000 years + 12 years (while Jesus was a boy.) Jesus started preaching at 13, entering manhood, (bar mitzvah.) mayans, hopi indians, and webbot, cannot see past 2012, coincidence?
They also believe the number 11 represents something sinful that is ripe for destruction. The winter solstice will occur on exactly 11:11 UTC on Dec. 21, 2012. The timing of the solstice is a powerful signal for them to do something especially nasty at this time. Even if you think the occult is a load of crap, you must still consider it because the Illuminati are powerful enough to MAKE their beliefs real. My guess is:
COMEX pulls an MF Global Dec. 2012. The whole financial system goes dark on Friday, Dec. 21. They will make the announcement that the new system based on the SDR will be reborn three days later. This will be done so that their anti-Jesus (the monetary system) can mirror Jesus with a three-day death and subsequent rebirth.
Homeland Security VIPR teams will stake out key choke points on the highways to intercept people who are bugging out. Anyone who seems "too prepared" will go straight to the FEMA camps, because such people obviously cannot be trusted. Have a dirt-road route planned in advance. Bug out a couple days BEFORE Dec. 21 so you don't look suspicious. Texas will secede shortly thereafter and then the fun really starts.
Since we're on the subject of the Middle East, I believe the date to watch for is the Feast of Moloch (Apr. 19-20). Moloch demands that children be sacrificed by fire at this time, hence Waco, Oklahoma City and other nasty surprises. I am guessing this year it will be an attack on Iran. The Feast of Moloch comes with a new moon this year.
He started at 12...I have read that in those days bar mitzvah was at 12...not at 13. He would not be allowed to "hang" with the priests if he had not already been bar mitzvahed. But I understood what you are saying, and I have heard the same concept. I also know about the evil ones' love of 11. In fact, if you think about it, it has been 11 years since 9/11!
Should be an interesting year!
Yes, yes..
but what does it mean for my gold?
:)
GW, some of us have paid attention to this stuff for a long time. More people with more internet now get the story out better and faster to everyone. It does not matter what the new world order boys do among the nations, be it U.S. Russian Iran etc... If you are being an evil asshole or an ignorant dipshit it's easy to expose you to yourself and the world. Things are going to get tighter on that level. You are doing good work, keep it up as long as you are able.
WOW!
“Securing the Realm”
The principal draftsman is Richard Perle, an aide to Sen. Scoop Jackson, who, in 1970, was overheard on a federal wiretap discussing classified information from the National Security Council with the Israeli Embassy. In Jews and American Politics, published in 1974, Stephen D. Isaacs wrote, “Richard Perle and Morris Amitay command a tiny army of Semitophiles on Capitol Hill and direct Jewish power in behalf of Jewish interests.” In 1983, the New York Times reported that Perle had taken substantial payments from an Israeli weapons manufacturer.
In 1996, with Douglas Feith and David Wurmser, Perle wrote “A Clean Break: A New Strategy for Securing the Realm,” for Prime Minister Netanyahu. In it, Perle, Feith, and Wurmser urged Bibi to ditch the Oslo Accords of the assassinated Yitzak Rabin and adopt a new aggressive strategy:
Israel can shape its strategic environment, in cooperation with Turkey and Jordan, by weakening, containing, and even rolling back Syria. This effort can focus on removing Saddam Hussein from power in Iraq—an important Israeli strategic objective in its own right—as a means of foiling Syria’s regional ambitions. Jordan has challenged Syria’s regional ambitions recently by suggesting the restoration of the Hashemites in Iraq.
In the Perle-Feith-Wurmser strategy, Israel’s enemy remains Syria, but the road to Damascus runs through Baghdad. Their plan, which urged Israel to re-establish “the principle of preemption,” has now been imposed by Perle, Feith, Wurmser & Co. on the United States.
In his own 1997 paper, “A Strategy for Israel,” Feith pressed Israel to re-occupy “the areas under Palestinian Authority control,” though “the price in blood would be high.”
Wurmser, as a resident scholar at AEI, drafted joint war plans for Israel and the United States “to fatally strike the centers of radicalism in the Middle East. Israel and the United States should … broaden the conflict to strike fatally, not merely disarm, the centers of radicalism in the region—the regimes of Damascus, Baghdad, Tripoli, Tehran, and Gaza. That would establish the recognition that fighting either the United States or Israel is suicidal.”
He urged both nations to be on the lookout for a crisis, for as he wrote, “Crises can be opportunities.” Wurmser published his U.S.-Israeli war plan on Jan. 1, 2001, nine months before 9/11.
About the Perle-Feith-Wurmser cabal, author Michael Lind writes:
The radical Zionist right to which Perle and Feith belong is small in number but it has become a significant force in Republican policy-making circles. It is a recent phenomenon, dating back to the late 1970s and 1980s, when many formerly Democratic Jewish intellectuals joined the broad Reagan coalition. While many of these hawks speak in public about global crusades for democracy, the chief concern of many such “neo-conservatives” is the power and reputation of Israel.
Right down the smokestack.
Perle today chairs the Defense Policy Board, Feith is an Undersecretary of Defense, and Wurmser is special assistant to the Undersecretary of State for Arms Control, John Bolton, who dutifully echoes the Perle-Sharon line. According to the Israeli daily newspaper Ha’aretz, in late February,
U.S. Undersecretary of State John Bolton said in meetings with Israeli officials … that he has no doubt America will attack Iraq and that it will be necessary to deal with threats from Syria, Iran and North Korea afterwards.
On Jan. 26, 1998, President Clinton received a letter imploring him to use his State of the Union address to make removal of Saddam Hussein’s regime the “aim of American foreign policy” and to use military action because “diplomacy is failing.” Were Clinton to do that, the signers pledged, they would “offer our full support in this difficult but necessary endeavor.” Signing the pledge were Elliott Abrams, Bill Bennett, John Bolton, Robert Kagan, William Kristol, Richard Perle, and Paul Wolfowitz. Four years before 9/11, the neocons had Baghdad on their minds.
http://www.theamericanconservative.com/article/2003/mar/24/00007/
Bolton and Pearl are the worst of the extreme Neocon crap eating whores IMO. It is amazing to me that feces like that walks the earth.
I Love Boxers!
2. when the shit starts.. instead of hunting Zombies! I encourage everyone to hunt the Koch Brohters. Bolton, Pearl and / or anyone else like minded that can be found!
we can take the top 1% of the top 1% out!
we can improve our World for EVERYONE minus the slave owners!
it just takes a little effort on our part to effect real and lasting change!
I would also point you to Dr. Joseph Farrell's "Babylon's Banksters" to delineate an even longer history of these shenanigans.
The Byte Show with Dr. Joseph P. Farrell: Babylon's Banksters Part 1
http://www.youtube.com/watch?v=7-8UVmyTcQA
http://www.amazon.com/Babylons-Banksters-Alchemy-Physics-Religion/dp/1932595791
http://en.wikipedia.org/wiki/Joseph_P._Farrell
Thanks! for the share and info Wookie! You da furry / fuzzy Man!!
So I always begin with deep skepticism. With G.W. I began with an open mind because I trust ZH. I became and to a lesser degree remain skeptical of G.W. In order for me to arrive at the place I inhabit today, I had to first 'deprogram'. It hurt and involved much 'letting go'. One specific 'torture' was to confront the apparent fact that most of my life was spent believing in bullshit. It still hurts and yet I like it because I recognize the honesty in freedom only as I grow closer to understanding her.
I understand how pathetic it has become to go along to get along. Broken models will always be replaced.
On a long enough timeline.
Beautiful.
Thank you all for that.
Keeping with the theme of, "...to confront the apparent fact that most of my life was spent believing in bullshit..." if you have some spare time check out the link the poster Canaduh posted the other day. Hold onto to seat, David McGowan is one hell of a read.
www.davesweb.cnchost.com/
Thanks. I tried but failed to find the link you refer to. I did bookmark www.davesweb.cnchost.com/
I'm familiar with the site and think it's fun stuff. True/false? Likely a combination. Deciet on the scale we live within is impossible to unravel. We can only guess at the 'knots' untied.
http://www.infowars.com/ex-israeli-intelligence-officer-pearl-harbor-style-attack-will-be-pretext-for-war-on-iran/
http://www.infowars.com/russia-warns-of-syrian-no-fly-zone-claim/
http://www.infowars.com/%e2%80%98us-builds-hospitals-in-georgia-readies-for-war-with-iran%e2%80%99/
new deadly strain of bird flu, and mouse flu, to be released to reduce world population! want proof?
THE MESSAGE OF THE GEORGIA GUIDESTONES
1. Maintain humanity under 500,000,000 in perpetual balance with nature.
What is the true significance of the American Stonehenge, and why is its covert message important? Because it confirms the fact that there was a covert group intent on
(1) Dramatically reducing the population of the world.
(2) Promoting environmentalism.
(3) Establishing a world government.
(4) Promoting a new spirituality.
"As Pierre Sprey remarked to me, “Note also that this is one of those rare but dangerous moments in history when Big Oil and the Israelis are pushing the White House in the same direction. The last such moment was quickly followed by Dubya’s invasion of Iraq.”
http://www.counterpunch.org/2012/01/13/war-on-iran-it%E2%80%99s-not-a-ma...
"Only the blind do not see that the US government is preparing to attack Iran....the US government’s war preparations are driven by three factors....
A third factor is to deter or slow China’s rise as a military and economic power by controlling China’s access to energy. It was China’s oil investments in eastern Libya that led to the sudden move against Libya by the US and its NATO puppets, and it is China’s oil investments elsewhere in Africa that resulted in the Bush regime’s creation of the United States Africa Command, designed to counter China’s economic influence with US military influence. China has significant energy investments in Iran, and a substantial percentage of China’s oil imports are from Iran. Depriving China of independent access to oil is Washington’s way of restraining and boxing in China."
http://www.counterpunch.org/2012/01/12/the-next-war-on-washington%E2%80%...
This is the most significant comment I've read in this thread. It identifies the heart of the matter better than GW's article (which isn't hard to do).
Yes, America's corrupt leaders are quite afraid of China's growing influence in the world, and are doing whatever they can to inhibit China, including interfering with China's economic interests around the world and interfering with China's oil supplies.
I believe China has realized the thermonuclear option is the only way to stop American imperialism, and is developing a very strong alliance with Russia and India, forming a substantial alliance of nuclear powers in Asia, including Pakistan too.
Nothing on this developing alliance is being reported in American media, hence most Americans are completely unaware of it.
Sunday's announcement by Russia and India of their agreement with Iran to buy Iranian oil in their respective currencies bypassing USD was quite significant yet barely mentioned in American media.
Will continued American imperialism toward China's interests around the world and continued interference with China's oil supplies from Iran force this growing Asian Nuclear Alliance to exercise the thermonuclear option against America?
Among them they have plenty of payload and long range missiles to take out American cities, not to mention America's little proxy trouble maker in the ME, but that little proxy trouble maker is pretty close to significant oil fields, so they might opt for American cities and bypass that little proxy trouble maker.
Go back a hundred years, most wars were fought against countries that controlled and printed their own money. The first order of business at the conclusion of the war was setting up a private central bank. The dirty little secret is that they are prospering and that cannot be tolerated.
In the case of Libya, the "rebels" established a central bank BEFORE they had overthrown Gadhaffi. It was so they could "trade oil for weapons and DOLLARS". I remember seeing the headline, instantly thinking these were not ordinary "rebels" we were working with.