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Art Cashin Explains What Is Really Happening In Iran

Tyler Durden's picture


Despite the barrage of geopolitical headlines involving Iran, and as of today, the US and Israel, especially as pertains to wargame exercises in the Straits of Hormuz, a different, and potentially much more important story is to be found in the country's capital markets, and specifically its currency, which has continued to tumble ever since Obama signed the Iran financial boycott on New Year's Day as reported here. And, as we predicted, it is the aftershocks of the boycott which may have the most adverse impact on geopolitics. Because if the Iran regime finds itself in a lose-lose situation with its economy imploding and its currency crashing, the opportunity cost of doing something very irrational, from a military standpoint or otherwise, gets lower and lower. Then again, something tells us the US administration has been well aware of this sequence of events all along. Here is Art Cashing explaining it all.

From UBS Financial Services

Show Me The Money - Iran continues to make headlines (and roil the crude market) with its threats to blockade the Strait of Hormuz. Observers feel the threat is primarily a reaction to the trade sanctions which are beginning to pinch, and pinch tightly. While the people are not exactly in the streets yet, the business community appears to be in an all out scramble. That shows up in the recent frantic trading in the currency black market. Here’s a bit of what the sharp-eyed Bob Hardy wrote on the topic on his nifty GeoStrat blog:

Despite all of the tough talk and threats coming out of Teheran as it wrapped up its ten day naval maneuvers, one only has to look at the dramatic fall in the black market value of the Iranian Rial versus the U.S. Dollar, to know that the country is under a tremendous amount of pressure. The leaders of this military dictatorship cloaked in a theocracy, may threaten to close the Strait of Hormuz if its oil is sanctioned or if it is attacked militarily. They may test fire new missiles and warn the U.S. to keep its aircraft carriers out of the Persian Gulf, but the people understand the risks, and they are voting with their money.


The locals are dumping their Rials for Dollars at such as dizzying rate that the banks are no longer cashing letters of credit at the official rate, which leaves businessmen in the lurch and continues to weaken support for the regime. Multiple media sites are reporting that moneychangers are no longer even advertising rates on their white boards, as they cannot keep up with the fall in the Rial's value.


The currency has fallen out of bed ever since President Obama signed a defense bill on Saturday, December 31st, which included a provision to sanction companies that used the Iranian Central Bank to buy that country's oil. By Monday, January 2nd, the Rial was widely reported to be trading down 12% in the black market from Saturday's rate, and Mehr news service reported that housing prices had tumbled 20% during the last few weeks. As a point in fact, we understand that many hard assets that are not absolutely necessary, are being sold so that people can invest in the U.S. Dollar and other foreign currencies.


This drop was on top of the 10% hit the currency took after Teheran announced that it was cancelling all trading with the UAE several weeks ago, but it soon rescinded that decision. The Rial was trading at 17,800 Rials to the Dollar on Tuesday, January 3rd, which represents a fall of about 17% from the street rate on Saturday before the sanctions announcement. Compare that rate with the official rate displayed on the Central Bank's website of 11,100 Rials to the Dollar, and one can see why the Central Bank has been holding daily emergency meetings. On Wednesday the decline continued in spite absurd comments from the Iranian government that the decline in the Currency had nothing to do with the new U.S. sanctions, because they have not yet taken effect.

This is just beginning. Stay tuned.


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Fri, 01/06/2012 - 13:28 | 2039753 SMG
SMG's picture

It's all just a big show, designed to kill off as many of us "useless eaters" as possible.  I wish I didn't have kids I'd find it alot easier not to care.

Fri, 01/06/2012 - 13:32 | 2039765 5880
5880's picture

you're Mr. Sunshine....

Fri, 01/06/2012 - 13:55 | 2039788 TruthInSunshine
TruthInSunshine's picture

Iran has been successfully Bernank-mailed thus far.

Next up; send in the jackals (circa 1978 redux).


*p.s. - No I do not like Iran's theocratical regime which oppresses the RIGHTS of its citizens any more than I like any other such regime, theocratical or otherwise, but we can't afford this geopolitical interventionism any more (especially when the agenda we're pursuing doesn't necessarily benefit Americans), and by the way, the passage of 2012 NDAA paints a giant red welt on the U.S.'s back as leading candidate for The 2012 Hypocrite of the World trophy (to be MC'd by J. Edgar Hoover's ghost).

**p.s.2 - Whoever mentioned sending in Congress as the first boots on the ground, instead of some recon unit or Marine Expeditionary Force, has the right idea. Pack up those fat, pasty white pieces of shit and airdrop them, HALO style, from 35,000 feet. They Can Be Self-Acclaimed Heros (or die trying) Just For One Day.

***p.s.3 - Apparently, the geniuses in the upper echelons of SOME governments fail to realize oil is fungible, or more ominously, do not care that it is so. Hilarity will ensue (of the most painful variety) at some point.

Fri, 01/06/2012 - 14:09 | 2039951 Teamtc321
Teamtc321's picture

"They Can BeSelf-Acclaimed Heros (or die trying) Just For One Day."


Give them more than one day, let the chapped ass set in for a few day's running around in the hill's. 

Fri, 01/06/2012 - 14:17 | 2039986 TruthInSunshine
TruthInSunshine's picture

I see another broadway production in the works:


Fat Ass Congresscritters HALO Diving Over Tehran


But who can I get to write the screenplay? Mel Brooks won't return my phone calls, and Woody Allen replied he's too busy playing in his jazz band.

Fri, 01/06/2012 - 15:22 | 2040199 wanklord
wanklord's picture

Wondering why ZH uses as a reference someone who doesn't have a single clue about defense and geopolitics (this guy cannot even be cataloged a bullshitter, Mr. Hardy is just a moron) soon as the first bullet is fired in the Persian Gulf, you can certainly say good-bye to all of your investments.

Robert Hardy - Biography and Resume
Robert Hardy is the principal writer of our publications and alerts. He has 25 years experience
in Global equity, currency, futures trading and market making.
Hardy was a New York Stock Exchange Specialist from 1995-2010 where he was in charge of
trading over 130 non-U.S. issues in New York and in 26 foreign local markets. He was
Managing Director for International Trading at LaBranche and Co. from 2006-2010, and from
1999 - 2006 he was director of International Trading at Fleet Bank later purchased by Bank
America. He ran his own arbitrage company trading international oil companies in New York
and in their local markets from 1990-1995. He began his specialist career as a partner at MJ
Meehan in 1995 later purchased by Fleet. He began his career as a currency trader in Hong
Kong in the early 1980s then as trader in New York and Chicago futures in the late 1980s. He
became a member of the NYSE in 1990. In these positions Hardy made numerous valuable
contacts with foreign corporate leaders and Foreign government ocials.
Robert's international experience is extensive. He consulted with foreign governments on the
privatization of state owned companies. For example, he consulted with the French govern-
ment on the privatization and the three level pricing scheme for the launch of France Telecom
as a private company. He also consulted with the Brazilian government concerning the
breakup and privatization of state owned Telebras into 10 companies simultaneously
launched in the U.S. and Brazil.
He has participated in numerous Global conferences and participated in planning cross-
border trading with the French, German and London Stock exchanges prior to the formation
of the European Monetary Union. In China he represented the NYSE in one of the rst prin-
ciple forums about U.S. capital markets and Chinese stocks listing and trading at the NYSE. He
participated with the NYSE in similar forums in Brazil and Mexico. In India he was the principal
speaker at a a nationwide address on the nature of western capital markets sponsored by
DSP / Merrill Lynch.
Robert's macro knowledge and razor-sharp insights help to overcome information overload
in this rapidly moving event-intensive time. The Geostrat's associates are located world-wide
to provide up-to-the-second intel, frequently in advance of public news sources.The Geostrat Worldview.
Intelligence that impacts business
Robert Hardy - Biography and Resume
2006 - 2010 : Senior Managing Director at LaBranche &Co LLC for International Equity Market 
  Making.  Responsible for trading over 300 stocks in their local markets and the  
  ADRs on the NYSE.
1999 - 2006: Director of International Trading at Fleet Specialist. Later Bank of America.
1995 - 1999: Partner at MJ Meehan.  Established rst international stock trading unit NYSE
1990 - 1995: Member NYSE.  Operated a proprietary arbitrage trading operation in the  
  international oil sector for large international clients.
1987 –1990: Partner in HNX Futures and Member New York Futures Exchange.  HNX traded  
  currency and commodity futures for clients worldwide.
1984 - 1987: Currency Trader based in Hong Kong for high net worth investors
1976 - 1984:  Vice President Bonny Investment Company.  Responsible for oil, gas and equity  
  trading worldwide.
A sample of Consultancy projects
• French government on the privatization and level 3 pricing scheme for France Telecom.
• Brazilian government on breakup and privatization of state owned Telebras.
• Represented NYSE at conferences in India, Mexico and Brazil.
• Represented NYSE in one of the ?rst forums about U.S. capital markets/ Chinese stock  
 listing on NYSE.
• Consulted with EU on cross border trading of equities between EU and various trading  
• Indian – principle speaker on development of Indian capital markets at conference lead by DSP/Merrill Lynch.


Wait a minute...Robert Hardy is just another Baby-Boomer!! therefore, the following statement is valid:

Blame the Baby-Boomers for all the ongoing disgraces of this country, that's why they are considered America's failed generation. These good-for-nothing invested their deprived intellect in experimenting with all types of drugs and having very promiscuous (and many times deviant/unnatural) sexual lives.

In fact, the following video taken at Woodstock in 1969 clearly depicts what Baby-Boomers were all about:

Consequently, their offspring are the best evidence that defect genes have been transmitted from one generation to the next; worst of all, the chances that their descendants' DNA carrying a more complex sequence of these defective genes are 100% guarantee -these new generation of Americans can fairly be described as subhumans.

Fri, 01/06/2012 - 17:20 | 2040632 BigJim
BigJim's picture

We musn't listen to Robert Hardy because he's a....  baby boomer?

You really are fantastically stupid. Well done.

Fri, 01/06/2012 - 21:00 | 2041264 Jack Burton
Jack Burton's picture

Christ would I love to have sent your ass out on point into some bullshit jungle ridden with VC just dreaming of wasting your ass.

Talk about a wanker. If you have nothing to say, then say it in as few words as possible. Only a fool would use hundreds of words to prove they are are a fool of the highest order. Clueless prick!!

Fri, 01/06/2012 - 21:24 | 2041305 boiltherich
boiltherich's picture

One does not READ the posts of the Wankster, one gives it a red arrow and moves on to REAL posters.  At least till TD gets around to clearing the deadwood trolls from the posting list.

Fri, 01/06/2012 - 22:12 | 2041394 The Big Ching-aso
The Big Ching-aso's picture



I don't know, man.   If Iran were a chess piece they're either a pawn, or a queen which is disguised as a pawn.    

Hope to hell we're damn sure what we're really messin' with here.   I got this bad gut feeling about fucking around with Iran.

Fri, 01/06/2012 - 23:23 | 2041515 Jack Burton
Jack Burton's picture

Ihear you, their defiance makes me think they have more ways to defend themselves than we may think.

Fri, 01/06/2012 - 23:26 | 2041522 Jack Burton
Jack Burton's picture

Indeed! I will follow that sage advice and let the wanker wank off to any empty auditorium. Hardly worth the electon charges it takes to put his thoughts on a computer screen.

Fri, 01/06/2012 - 15:13 | 2040191 Hugh G Rection
Hugh G Rection's picture

He's Mr. Realism.  That's the very reason I chose not to marry and have kids.

"You want to be makin moves on the street, have no attachments, allow nothing to be in your life that you cannot walk out on in 30 seconds flat if you spot the heat around the corner."

Fri, 01/06/2012 - 15:40 | 2040241 TruthInSunshine
TruthInSunshine's picture

Totally gratuitous, but one of the best shoot 'em up scenes in Hollywood History (love that Fabrique Nationale FNC 80 [5.56x45mm] Pacino is hauling, too, even if it's not .308):

Heat Shootout Scene [High Quality]


They should've gone for the gold under WTC (given the year the film was made), instead of GreenspanBux, but they would've needed larger vehicles, more firepower and a bigger crew.

Fri, 01/06/2012 - 15:51 | 2040273 Hugh G Rection
Hugh G Rection's picture

My favorite movie all time behind Godfather.  Pacino's FAL is nice, but I'm partial to Kilmer's HK 91 in the drive in movie scene.

I'm sure you've seen it, but I highly recommend watching Ronin. it's 3rd on my list.


I like your WTC gold movie idea.  Maybe they figured stealing gold under the cover of a "terrorist attack" was too close to the plot of Die Hard 3... so they decided to just go ahead with the script in real life?

Fri, 01/06/2012 - 16:08 | 2040349 TruthInSunshine
TruthInSunshine's picture

Ronin is a classic.

What color is the boathouse at Hereford, anyways?

It takes some balls for a producer or director to let Sean Bean get ambushed by a cup of coffee.

Fri, 01/06/2012 - 16:51 | 2040524 Hugh G Rection
Hugh G Rection's picture

They taught me it was a brick/wood building with blue trim.

"Who taught you?"

"I don't remember, that's the second thing they taught me.."

Fri, 01/06/2012 - 18:04 | 2040777 TruthInSunshine
TruthInSunshine's picture

Did they ever give you a grasshopper?

Fri, 01/06/2012 - 19:45 | 2041057 Hugh G Rection
Hugh G Rection's picture


Nah, they weren't trying to break me.

Fri, 01/06/2012 - 17:33 | 2040677 The Heart
The Heart's picture

" Pacino's FAL is nice, but I'm partial to Kilmer's HK 91 in the drive in movie scene."

That 20 round .308 is just that accurate and powerful too!

We call them tree cutters out here in the jungle.

Fri, 01/06/2012 - 15:44 | 2040278 roadhazard
roadhazard's picture

I wish Val Kilmer hadn't gotten fat and happy. That's what happens when you hang around Brando.

Fri, 01/06/2012 - 15:49 | 2040294 Hugh G Rection
Hugh G Rection's picture

Ya it's a shame. Doc Holidays no daisy at all any more, maybe too many huckleberry pies?

Fri, 01/06/2012 - 16:06 | 2040342 TruthInSunshine
TruthInSunshine's picture

They actually did some serious training (by Hollywood standards, at least) to attempt to depict what a realistic fully automatic lead grudge match would look like in an extreme urban environment, skyscrapers and all:

Heat Shootout Behind the Scenes Feature
Fri, 01/06/2012 - 16:29 | 2040426 Hugh G Rection
Hugh G Rection's picture

Ya. It always shows when the director/producer care about realism.  I can't stand watching movies where a 12 gauge blows someone through a window, magazines produce unlimited fire, and a weapon makes a cocking sound everytime it is pointed.

Collateral is another movie that focused on realism.  You can tell someone worked with Tom Cruise a great deal on CQB tactics etc.


"Yo homie! Is that my briefcase?"

Fri, 01/06/2012 - 19:16 | 2040988 TBT or not TBT
TBT or not TBT's picture

Full auto .308(nearly identical to 7.62 NATO) rifle fire would be uncontrollable. I think some HK's can do a three round burst or some such but you couldn't control more that.

Fri, 01/06/2012 - 19:47 | 2041061 Hugh G Rection
Hugh G Rection's picture

That's why I said HK 91 (which is semi) and not HK G3 (which is the full auto version)

Fri, 01/06/2012 - 20:48 | 2041232 LongBalls
LongBalls's picture

FN SCAR 17S for the modern "tree cutter" lumberjack. butta'.

Fri, 01/06/2012 - 17:06 | 2040578 GeezerGeek
GeezerGeek's picture

"They should've gone for the gold"..."but they would've needed larger vehicles, more firepower and a bigger crew". You just described one of my favorite movies, "Kelly's Heroes". Nothing like a WW II spaghetti western farce. If I had enough money I'd buy a Sherman tank to guard my gold, assuming I had enough money to buy gold.

Fri, 01/06/2012 - 17:40 | 2040695 The Heart
The Heart's picture

"If I had enough money I'd buy a Sherman tank to guard my gold, assuming I had enough money to buy gold."

Will that be with, or without the 8-track stereo and custom speaker system?

"Rolling W" bitchez!

Fri, 01/06/2012 - 17:08 | 2040585 Joseph Jones
Joseph Jones's picture

Please, I beg you, if possible, don't watch this on anything smaller than a 92" screen, in 1080P resolution, with a high end (I mean real high end, which can be mid-priced) audio system.  Just watched it a couple weeks ago on a system as described.  Otherwise, you've never really seen this movie, at least as it was intended. 

One of the biggest reasons for the qualilty is that the director smartly left out all the gratuitous, stupid, banal, loud, useless "musical" effects. 

The more intelligent and more tasteful the director/producer, the more likely are they to realize that the musical effects are generally so overdone, that they are cliches.  The smart ones add music now only when it really adds to the moment, using it as a spice, like it should be used.  

Do you really need more emotional effects when a half dozen guys are blowing up a downtown LA bank, in the middle of a business day, in crystal clear weather, with fully automatic high-caliber rifles?  I don't think so!  

Fri, 01/06/2012 - 13:33 | 2039768 sabra1
sabra1's picture

do you think oBLAHma's kids, and his cohorts kids, will be able to walk the streets safely? NOT!!! Chrystal Mountain will be their new home 'till the day they die!!!

Fri, 01/06/2012 - 13:42 | 2039806 General Decline
General Decline's picture

Teach your kids to fire a weapon, grow a garden, fix things mechanical, etc...... That's my plan, anyway. 

Fri, 01/06/2012 - 14:13 | 2039973 my puppy for prez
my puppy for prez's picture

We are doing just that!  My 14 yr and 21 yr old (boy and girl) know how to dress a deer, a hog, a groundhog, a squirrel, and start a fire without aids.  My oldest only knows how to dress preppy business wear!  I've got work to do on him.

Sat, 01/07/2012 - 00:55 | 2041649 Yamaha
Yamaha's picture

We are learning marksmanship and how to hide the bodies.......

Fri, 01/06/2012 - 17:14 | 2040605 GeezerGeek
GeezerGeek's picture

Careful with that "grow a garden" idea. Another ZH essay ("American women leading us out of this Great Recession") today contained this:

Oak Park, Michigan's city planner's office is threatening Julie Bass with jail time for planting a vegetable garden on her property.

Self-preservation is not to be permitted, apparently.

Keep too much cash, you're a terrorist.

Keep too much food, you're a terrorist.

Keep too much gold, or silver, or guns & ammo, you're a terrorist.

Try growing your own're a criminal.

Time to try growing a pair, I think.

Fri, 01/06/2012 - 19:39 | 2041035 TruthInSunshine
TruthInSunshine's picture

If You See A Cucumber Or Tomato Growing On Your Neighbor's Lawn, Say Something.

Fri, 01/06/2012 - 13:44 | 2039822 eureka
eureka's picture

SMG - I believe it is more than "just a show" -

"The currency (Iran's) fallen out of bed ever since President Obama signed a defense bill on Saturday, December 31st, which included a provision to sanction companies that used the Iranian Central Bank to buy that country's oil. By Monday, January 2nd, the Rial ... down 12% in the black market from Saturday's rate... housing prices had tumbled 20% during the last few weeks... many hard assets that are not absolutely necessary, are being sold so that people can invest in the U.S. Dollar..."

 Does that mean Obama is a genious, winning on behalf of US Empire/USD/US FED RES/Wall Street?


Fri, 01/06/2012 - 14:47 | 2040108 Dangertime
Dangertime's picture

Exactly!  You beat me to it.

Fri, 01/06/2012 - 13:46 | 2039823 BidnessMan
BidnessMan's picture

2nd that.  Very concerned for my 22 and 19 year old sons getting swept up as cannon fodder .....

Fri, 01/06/2012 - 14:06 | 2039934 my puppy for prez
my puppy for prez's picture

Me, too.  My 22 yr old doesn't (want to) get it, as he is too busy climbing successfully up the Wall Street ladder;  my 21 yr old daughter gets it and should be just fine living off the grid in the mountains;  my 14 old son gets it and is totally into "prepping"...he just ordered gas masks for us!  

I am insisting my oldst read "A Century of War" by Bill Engdahl....that should help him understand the banker/oil/military trifecta!

Fri, 01/06/2012 - 15:27 | 2040231 Hugh G Rection
Hugh G Rection's picture


Have you tried talking to them?  Sit down and watch Legends of the Fall with both of them, explain the realities of war, and who got us into this mess.  Worry about family, fuck everything else.

Fri, 01/06/2012 - 15:58 | 2040322 Iwanttoknow
Iwanttoknow's picture

No sarcasm.You hit the nail.Worry about family,fuck everything else.

Fri, 01/06/2012 - 16:03 | 2040337 Things that go bump
Things that go bump's picture

I don't think the girls are going to get a pass this time. 

Fri, 01/06/2012 - 17:22 | 2040639 GeezerGeek
GeezerGeek's picture

Since we do not have an active draft at the moment, they may be safe. Or at least as safe as anyone else, meaning not very. Since they had a draft when I was 22, I remember how effective it was to have Mommy and Daddy (not mine - generic parents intended) pressuring the congresscritters to get us out of southeast Asia. That's why I have always been for the draft, as opposed to a completely volunteer/professional army: another checks and balances thing.

Fri, 01/06/2012 - 18:06 | 2040784 The Heart
The Heart's picture

Draft->ages 18-48->male and female.

Fri, 01/06/2012 - 19:33 | 2041026 Ghordius
Ghordius's picture

+1'000'000'000'000 (0ne Trillion)

"That's why I have always been for the draft, as opposed to a completely volunteer/professional army: another checks and balances thing."

Sat, 01/07/2012 - 00:17 | 2041607 StychoKiller
StychoKiller's picture

Near the end of the Roman Empire, potential conscripts were chopping off their thumbs so they couldn't hold a gladius (or so I've read).

Fri, 01/06/2012 - 14:01 | 2039905 persu
persu's picture

I definetely and sincerely agree with you. As a father of 3 and 8 year old kids, I am following the world sliding into abyss in terror. Personally, I need only plenty of vodka while watching the show.

Fri, 01/06/2012 - 14:04 | 2039919 Dr. Engali
Dr. Engali's picture

I'm in the same boat. I am at peace with myself and whatever happens happens. But I have three kids 12 , 9 and 4 all of them priceless,and I just don't know what to do for them other than pray and prepare for the worst.

Fri, 01/06/2012 - 14:08 | 2039945 my puppy for prez
my puppy for prez's picture

Pray simultaneously while teaching them to survive off grid....and have a PLAN!

Fri, 01/06/2012 - 14:11 | 2039962 Silver Dreamer
Silver Dreamer's picture

Somehow the word "priceless" just isn't good enough.  I'll gladly die to secure the liberty of mine.

Fri, 01/06/2012 - 17:48 | 2040725 Au Shucks
Au Shucks's picture

Well said Silver Dreamer.  I concur 100%.  I will die with a smile on my face to prevent even the risk that one of my children be harmed.  I will face insurmountable force with unbridled enthusiasm that my children be spared from the servitude of tyranny.  I believe many of our fellow American's feel the same.

Fri, 01/06/2012 - 14:36 | 2040069 sessinpo
sessinpo's picture

Eat your kids - solves your problem. -sarc

Fri, 01/06/2012 - 16:15 | 2040367 Things that go bump
Things that go bump's picture

That is not funny, even as sarcasm - there are records of that occuring, you know.  There is mention of it in the hiroglyphs on a tomb in Egypt and they have found archeological evidence of it somewhere else as well.  I don't recall where, but it was somewhere in Europe or the Middle East during antiquity. 

Fri, 01/06/2012 - 17:16 | 2040615 Joseph Jones
Joseph Jones's picture

The "Hebrew" scholar/historian Josephus in his "War of the Jews" (Jew wrongly translataed, jew never existed till 1775 AD, should be Isralites or Hebrew) documents during the Roman siege of the Jerusalem temple (Nero Ceasar = "666" in Revelation) that "Hebrew" women offerred their cooked children to Roman soldiers. 

Don't let a "jew" lie to you and deny this.  Buy a copy of the book and read it to him.  Too bad for the Jew desiring to deny it, the author was a Hebrew historian. 

Fri, 01/06/2012 - 17:29 | 2040659 GeezerGeek
GeezerGeek's picture

Let's not forget to castigate all Americans based on the travails of the Donner Party, 1846-1847.

Fri, 01/06/2012 - 17:43 | 2040706 BigJim
BigJim's picture

To be fair to the Josephus critics, he was writing for his patrons - a Roman audience.

Fri, 01/06/2012 - 19:36 | 2041028 Ghordius
Ghordius's picture

"offered their cooked children to Roman soldiers"

I understood this as an act of defiance? During the siege?

Sat, 01/07/2012 - 03:53 | 2041773 Things that go bump
Things that go bump's picture

They killed all their wives and children on Masada before killing themselves, rather than let them fall into the hands of the Romans. 

Fri, 01/06/2012 - 14:41 | 2040092 Poetic injustice
Poetic injustice's picture

I am sure they have script if war unexpectedly breaks out:

Yesterday,  - a date which will live in infamy - the United States of America was suddenly and deliberately attacked by naval and air forces of the Iran.

The United States was at peace with that nation and, at the solicitation of Iran, was still in conversation with the government looking toward the maintenance of peace in the Hormuz Straits.

Fri, 01/06/2012 - 14:54 | 2040136 lemonobrien
lemonobrien's picture

me too. having kids now puts hair on your balls for sure.

Fri, 01/06/2012 - 16:09 | 2040358 prains
prains's picture

skin in the game

Fri, 01/06/2012 - 13:31 | 2039760 GeneMarchbanks
GeneMarchbanks's picture

Shady. Something worthwhile out of Art is nice for 2012...

Fri, 01/06/2012 - 14:10 | 2039909 eureka
eureka's picture

GMbanks - Art's or Bob Hardy's - (TYLER...!) piece above - combined with Tyler's intro - states Iran is likely bluffing - i.e. that Obama's pressure is working. It is Tyler Durden who hints that this new pressure creates a lose-lose for Iran which may prompt it to act "irrationally" - a.k.a attack US local bases & US ships in Hormuz.

IF - Obama's pressure manages to subdue Iran - Obama gets to play hero.

State Of The Union Speach coming up - i.e. yet another timing consideration and motivation for Barry's new barrage of pressure on Iran. Barry wants to win another term - and for that - anything goes -

- including risking Iranian Irrationality.

Barry The Bold - Barrager of Irrational Iranians.

Heil to The Chief. Nicht War?

Aren't you proud of Barry?

He's WINNING - for US.

Fri, 01/06/2012 - 14:21 | 2040007 GeneMarchbanks
GeneMarchbanks's picture

Nothing new for me here. It's been building way longer than the latest round of sanctions. If you wish to call numerous ploys to practically force a country to retaliate as 'irrational', then fine. Psychosis has funny definitions for many words...

Fri, 01/06/2012 - 13:32 | 2039761 francis_sawyer
francis_sawyer's picture

Sell oil in DOLLARS... or else... (or else we'll come and steal your gold too)...

There... FIXED it...

Fri, 01/06/2012 - 13:37 | 2039777 steve from virginia
steve from virginia's picture


Cashin almost gets it.

 - Iran's economy is being dollarized like another petro-state, Ecuador. They'll get used to it.

 - Dollarization is hard on Iranian consumers but good for exporters who gain dollars (by selling crude). Exporters win regardless of the price of crude. Lower oil price = more valuable dollar (more worthless rial.)

 - Dollarization is the result of dollar/crude relationship and failed efforts of central banks. Motorists make monetary policy, not Bernanky, they price oil by swapping dollars for that worthwhile physical product on demand millions of times per day. Priced in crude, dollars have worth.

 - Dollarization takes place in China, Eastern Europe, Greece, Portugal, across the eurozone, Mexico, in 'developing countries'. Hyperinflation in these countries is emerging dollar preference.

 - Dollar preference is destroying euro and will destroy yen, too.

Remember, dollarization is the result of the dollar/crude trade, the only trade on Planet Earth that matters. Dollar strength will magnify, destroying consumption worldwide (making more crude available for export to the US) and keeping the bankrupt 'American Way' afloat for ahile longer.

Saber rattling is Iran's way of manipulating the Brent market. It won't work any better than QE (fail).


Fri, 01/06/2012 - 13:57 | 2039885 Missiondweller
Missiondweller's picture

Yep, and currency wars will be the only real war that matters in the 21st century.


Fri, 01/06/2012 - 14:36 | 2040071 xela2200
xela2200's picture

As long as we have a global market.

Fri, 01/06/2012 - 14:09 | 2039952 sushi
sushi's picture

Dollaraziation will also drive up the cost of basic foodstuffs. It was food price inflation following on QE2 that was a direct cause of the "Arab Spring" unrest and revolt.

US is at present trying to put the "Arab Spring" toothpaste back in the tube as the US cannot countenance democratic governance if that threatens to bring Muslims to power. See Greg Greenwald on Salon for this attempt to install US client satraps in Egypt.

Fri, 01/06/2012 - 14:24 | 2040015 eureka
eureka's picture

STEVE FROM VIRGINIA - you are correct - however, one must add that:


Thus it is not the US consumer, trading USD for oil, which is THE PRIMARY FORCE.


US is a mafia -its consumers merely benefit from US mafia rule; they do NOT have any choice whatsoever. They must buy oil/gas to get around, and they ARE thankful to the EMPIRE, which they serve, for providing them with such cheap oil - because, as every sane observer knows - if gas went to $5/GAL - US would sink into deep economic and psychological depression.

And btw - that means, that from US EMPIRE's perspective - The Bernank is immensely successful - doing exactly what US EMPIRE wants, and must have, in order to continue, namely an ever increasing stream of ever more worthless US paper - in lieu of real productivity, real equity, real innovation etc etc

Cheers, To US Military Supremacy - IT - and only it - keeps US citizens and consumers alive.



Fri, 01/06/2012 - 19:39 | 2041038 Ghordius
Ghordius's picture

you are both right, but @eureka, the empire is not the US, it's only centered in the US

Fri, 01/06/2012 - 14:50 | 2040123 rosiescenario
rosiescenario's picture

"Saber rattling is Iran's way of manipulating the Brent market"


Appears to be quite successful so far....which might lead them to pulling the saber from the scabbard and brandishing it??? And if that pushes their oil up to even higher prices, what happens next???


Not to be cynical, but this also provides a great cover story for the U.S. oil companies to raise gasoline prices and the military industrial complex to fight any spending cutbacks.And it re-focuses public attention from our special interest controlled government to a foreign enemy, always a good strategy.

Fri, 01/06/2012 - 13:36 | 2039782 Yikes
Yikes's picture

Step 1.  Wind and solar uncompetitive compared to oil and gas.

Step 2.  Create Iranian crisis.

Step 3.  Make Oil and gas more expensive, helping wind and solar compete. (you know, the free market).

Step 4.  PROFIT!

Fri, 01/06/2012 - 14:12 | 2039971 it aint paranoi...
it aint paranoia if they really are out too harm you's picture

? Leo ?

Fri, 01/06/2012 - 14:36 | 2040068 john39
john39's picture

everyone ignores coal...    cheap power, until the feds regulate it into oblivion...  i wonder why.

Fri, 01/06/2012 - 15:36 | 2040249 narapoiddyslexia
narapoiddyslexia's picture

One 500-MW coal-fired power plant produces approximately 3 million tons/year of carbon dioxide (CO2). 

The United States produces close to 2 billion tons of CO2 per year from coal-burning power plants.

GHG emissions from coal-fired electricity, now 27 percent of total U.S. emissions, are projected to grow by a third by 2025.

I'm not agreeing or disagreeing, but this is why people tend to ignore it.

Fri, 01/06/2012 - 15:40 | 2040268 john39
john39's picture

right, because we all know that it is scientifically proven beyond any doubt that carbon is causing "climate change".   trust us- NWO.

Fri, 01/06/2012 - 17:37 | 2040693 GeezerGeek
GeezerGeek's picture

My foliage loves CO2. Makes the grass grow faster. Feeds the bugs that eat my lawn! Lowering CO2 levels is bad for bugs! Save the bugs!

On the other hand, if CO2 makes pine trees grow perhaps it's not so good. Ever walk through a pine forest and inhale all those hydrocarbons in the air?

How did nature ever get along without all those ecofreaks trying to save it?

Fri, 01/06/2012 - 18:18 | 2040822 The Heart
The Heart's picture

"Makes the grass grow faster."

Yeah, so does the radiation from Fukushima. Watched it grow the garden real well last year...those deformed and mutated flowers and vegetables too.

Many are reporting so many kinds of radiation poisoning symptoms from LA to DC, and denial is not just a river in Egypt.

How about you? Feeling real frisky lately?

How did ya feel after trudging around in the jungle daddy?


Fri, 01/06/2012 - 13:37 | 2039786 kaa1016
kaa1016's picture

The ball is Iran's court. They will be baited into an attack because they will feel that they have no choice. Well played U.S.

Fri, 01/06/2012 - 13:45 | 2039817 Vic Vinegar
Vic Vinegar's picture

Time to Attack Iran

Why a Strike Is the Least Bad Option

Fri, 01/06/2012 - 14:00 | 2039902 my puppy for prez
my puppy for prez's picture

So you are FOR, AGAINST, or just trying to inform about what the Criminal Faggot Retards are planning?

Fri, 01/06/2012 - 15:28 | 2040235 lakecity55
lakecity55's picture

That's a CFR rag! What's good for The People is to do the opposite of what these Sociopaths advise.

Do you think Hillary thinks for herself? No, the CFR is like next door almost to State. CFR just runs the plays in by lackey to Herself's office.  She can take verbal orders. Barry has to have printed instructions sent to the Crackberry.

Fri, 01/06/2012 - 17:39 | 2040698 my puppy for prez
my puppy for prez's picture

" What's good for The People is to do the opposite of what these Sociopaths advise."

I almost typed the same thing!  But I couldn't resist the acronym thing.

Fri, 01/06/2012 - 21:54 | 2041378 Bansters-in-my-...
Bansters-in-my- feces's picture

But it is good to get the CFR crew exposed more. Everyone should tell two friends and so on,about these criminals,and who they work for. It is NOT the People.

And the Trilateral Commission also....

Very fucking corrupt,and Anti Liberty.


Fri, 01/06/2012 - 17:40 | 2040700 GeezerGeek
GeezerGeek's picture

Sounds a bit like what FDR did to Japan in the 1930s. Not that Japan didn't deserve a pounding based on what they did in China...

Fri, 01/06/2012 - 13:41 | 2039794 Dr. Engali
Dr. Engali's picture

Next up we are coming to liberate your people from the heavy burden of your oil and your gold. Let us relieve you of that burden brother.

Fri, 01/06/2012 - 13:48 | 2039834 dick cheneys ghost
dick cheneys ghost's picture


Fri, 01/06/2012 - 14:02 | 2039904 Randall Cabot
Randall Cabot's picture

Joel Skousen says that Russia and China won't do anything militarily.

Fri, 01/06/2012 - 14:26 | 2040034 dick cheneys ghost
dick cheneys ghost's picture

Thats not what i was getting at.....Im not so sure Russia is not behind some of these events in Middle East and Nigeria.........


Putin loves high oil prices.............know what i mean?

Fri, 01/06/2012 - 14:35 | 2040067 King_of_simpletons
King_of_simpletons's picture

Why would Russia and China do anything ? Just watching this country shoot herself in the foot is intervention enough.

Fri, 01/06/2012 - 13:53 | 2039866 rwe2late
rwe2late's picture

Another point of view is that the US/Europe are shooting themselves in the economic foot falsely thinking Iranian oil will be taken off the market. The most significant impact will be rising oil prices. It is questionable whether either Iran or Saudi Arabia will find that particularly hurtful.

“…everyone and his neighbor will be bypassing this Israeli-American declaration of economic war: - Russia already said it will circumvent it. - India is already paying for Iranian oil via Halkbank in Turkey. - Iran is actively negotiating to sell more oil to China. Iran is China's second-largest supplier, only behind Saudi Arabia.

China pays in euros, and soon may be paying in yuan. By March they both will have sealed an agreement about new pricing. - Venezuela controls a bi-national bank with Iran since 2009; that's how Iran gets paid for business in Latin America. - Even traditional US allies want out. Turkey - which imports around 30% of its oil from Iran. - Will seek a waiver exempting Turkish oil importer Tupras from US sanctions. - And South Korea will also seek a waiver, to buy around 200,000 barrels a day - 10% of its oil - from Iran in 2012.

China, India, South Korea, they all have complex two-way trade ties with Iran (China-Iran trade, for instance, is $30 billion a year, and growing). None of this will be extinguished because the Washington/Tel Aviv axis says so. So one should expect a rash of new private banks set up all across the developing world for the purpose of buying Iranian oil.”

Fri, 01/06/2012 - 14:31 | 2040055 spinone
spinone's picture

Exactly. As the dollar falls from grace as wrc, more bilateral trade agreements are being executed. What do countries want more, oil or dollars? Now that the wrc genie is out of the tube, the harder the US squeezes the more slips through it's fingers.

Fri, 01/06/2012 - 13:55 | 2039872 maddogs
maddogs's picture

What it is- The U,S. stomping on the neck of another country while yelling, "What the hell does it take to get you Mo'Fo's to do something stupid?!!"......"You know from the Iraq situation this will starve untold millions of your people fer 'cris sakes.. come out and fight you *ussies!!"

Fri, 01/06/2012 - 13:56 | 2039876 Sizzurp
Sizzurp's picture

FDR did it to Japan, and now we are going to do it to Iran.  When one considers the number of innocent deaths that will be the result of this conflict, you realize the morality of this type of behavior is so off the charts sociopathic it's almost incomprehensible.

Fri, 01/06/2012 - 14:01 | 2039908 Cpl Hicks
Cpl Hicks's picture

I believe it was HST who did it to Japan. Give-em-hell Harry.

I wonder what he would think of President Teleprompter.

Fri, 01/06/2012 - 14:20 | 2040008 wonderatitall
wonderatitall's picture

one does wonder what king putt would say to truman...maybe," is this thing on?" , "damn i need another vacation", or "hurry , me'chelle is coming"...our presidente' , king of putts

Fri, 01/06/2012 - 17:45 | 2040715 GeezerGeek
GeezerGeek's picture

Truman simply ended the war with a pair of A-bombs. I think what Sizzurp was referring to is the actions FDR took vis a vis Japan prior to the outbreak of hostilities. Read up on your history.

Fri, 01/06/2012 - 18:07 | 2040789 JeffB
JeffB's picture

I think he meant FDR antagonized and pushed Japan until they *started* the war.


Fri, 01/06/2012 - 14:53 | 2040135 InconvenientCou...
InconvenientCounterParty's picture

The behavior is somewhat coherent and logical for an empire. Certainly not sociopathic.

It's imperative that the U.S. destroy this dangerous enemy totally and completely before they go nuclear and the price becomes prohibitive.

Being Iran's ally has no long term benefits. Russia, China and Venezuela know that. The Theo-fascists literally live in another universe, i.e. the next life that is perfect and the willing virgins lack the olfactory sense. Bottom line, they won't get help in a currency war or a hot war.

Helping them get to the next world is a win win for humanity as a whole. BTW, no one trusts the U.S. either but most feel that they can understand the underlying values. That understanding readily substitutes for trust so at least there is a chance for other nations (and people) to benefit by picking up the pieces.

Fri, 01/06/2012 - 16:24 | 2040406 besnook
besnook's picture

go back to huffnpuffers.

this has nothing to do with humanity. this is all about power and hegemony.  people are collateral. the line has been drawn in the sand at iran. the usa and israel(i don't know where europe may fall but even they don't matter) on one side and russia and china on the other.


the only benefactor in this mess is israel if it settles in their favor. the usa has more more to lose than to gain no matter which way it breaks.


the usa needs oil. the persians and arabs have the oil. israel has nothing of value to the usa but political/economic influence in the usa. it makes sense that relations with the oil states are much more important than relations with israel but they are not. the influence of israel harms the usa. israel must go.

Fri, 01/06/2012 - 20:04 | 2041120 Savyindallas
Savyindallas's picture

asshole  -quit spouting propaganda. i'd call you an idiot, but no one is that stupid.

Fri, 01/06/2012 - 14:55 | 2040141 weinerdog43
weinerdog43's picture

Oh boo hoo.  Talk to any WWII vet about how sorry they were that they didn't have to invade the Japanese home islands.

Fri, 01/06/2012 - 15:48 | 2040291 Citxmech
Citxmech's picture

Talk to any Pacific Theater vet about how they'd rather Pearl Harbor never happend in the first place.

The whole point was that prior to Pearl Harbor "we" embargoed Japan's access to oil - an act that boxed them into a corner forcing the eventual conflict.

Fri, 01/06/2012 - 16:14 | 2040378 docmac324
docmac324's picture

Bingo!  Envoke conflict.  Age old way of indirectly starting a war.

Fri, 01/06/2012 - 13:59 | 2039894 stiler
stiler's picture

Sometime soon Russia's cosmocrat (leading demon), "Gog", will be "inspired" to lead Magog (Russia) with Persia (Iran) down to invade Israel. God will put a hook in their jaw and draw them down.

Fri, 01/06/2012 - 14:05 | 2039922 Hephasteus
Hephasteus's picture

This post makes no sense. I'ts implying that iranian citizens are exchanging rial for dollars in a black market.

What is actually happening. Since there's an embargo against iran. It is forcd to sell dollars to lift it's currency. It has to go to china to get get them which has so many of them lying around they might as well be trash. When you cut off the relationship between the banks the currency is not going to act like it has any "trading" meaning.  And trying to indicate that there's a black market of dollar traders sitting in dark corners in Iran is like trying to say there's a black market of rubble traders sitting in dark corners all over the US.

It's a much smaller population so it's probably getting chewed alive on the swap spread as well as being hijacked with anything involving the euro.

Fri, 01/06/2012 - 14:14 | 2039977 Bruce Krasting
Bruce Krasting's picture

I've not been to Iran. But I have been to Bahrain, Kuwait, Dubai and Riyadh. In these places there are money changers in stalls. The have stacks of currency. You name it, they buy and sell it.

You can be absolutely certain that there are money changers all over Iran as is described in the article.

Fri, 01/06/2012 - 14:35 | 2040060 Hephasteus
Hephasteus's picture

That makes sense for supporting the tourist trade in the markets. Which I hear touring there is fantastic as the people are really friendly.

If the people are in panic buy mode and prices are escalating though and all they have left is to go buy another currency until they can have a chance to buy or hope they go back down. I wonder what the whole story is. And I wonder if their citizens are running to gold and silver like euro citizens.

Fri, 01/06/2012 - 15:21 | 2040213 Arcturus
Arcturus's picture

Many in Iran are turning to gold. I'm not sure if I can post a link to another forum but look at this post from an Iranian as he takes numerous pictures of the long lines waiting to buy gold. This is the take of one Iranian in Iran. As the thread continues over days, the OP gets into the Rial tumbling and what looks like a hyperinflation situation brewing.

If link is disallowed search for " Chaos in Iran " at Kitco

Fri, 01/06/2012 - 16:10 | 2040370 Hephasteus
Hephasteus's picture

I still find it odd that panic and a nearly assured war is only worth a 12 or 30 percent drop on the international exchanges.

Fri, 01/06/2012 - 14:27 | 2040039 Urban Redneck
Urban Redneck's picture

"Teheran announced that it was cancelling all trading with the UAE several weeks ago, but it soon rescinded that decision."

The other side of the Iranian black market is Dubai.

Fri, 01/06/2012 - 14:21 | 2040009 Maestro Maestro
Maestro Maestro's picture

Well, we've arrived at a new point in history.  You cretins know exactly what we're up to.  Yet you are going along just as we desired and hoped you would.

We won.

What Orwell described was achieved by oppression.

What we did was achieved by freedom.

We can't lose.

Iran loses and the people win even if they die.

Win-win for us.

Orwell, you suck.  WE, on the other hand, kick ass (of all colors and sizes).

We are the Alpha and the Omega, collectively speaking.

You, on the other hand are idiots who call us bankers.  Where is the money, if truly were we just bankers?

Ha, ha.

Fri, 01/06/2012 - 14:39 | 2040080 john39
john39's picture

freedom?  it doesn't exist, and hasn't since recorded history...

Fri, 01/06/2012 - 14:49 | 2040117 Alpha Monkey
Alpha Monkey's picture

Freedom is a state of mind, not a state of physical being.  Anyone can be free, if they want it.  Unfortunately, most of us are lost in our own delusional quagmires, myself included.  Once I find my way, I too will be free.  And join the countless that have gone before me.

Fri, 01/06/2012 - 14:57 | 2040148 john39
john39's picture

ask the guys in gitmo about that theory.

Fri, 01/06/2012 - 14:28 | 2040043 besnook
besnook's picture

and people would rather be in the dollar than silver and gold.

Fri, 01/06/2012 - 14:34 | 2040061 JR
JR's picture

Money is not a currency anymore; it's a weapon.

The currency attack on the sovereign state of Iran by the Zionist-controlled Federal Reserve Bank brings to mind an appraisal that was provided by Dennis L. Cuddy, Ph.D. in 2007.

"’Get them in debt’ for centuries has been a slogan used by the power elite to control individuals and entire nations. Regarding America, one of the driving forces behind the conflict between Britain and Americans 240 years ago was the colonies' printing of their own currencies in the mid-1700s. This represented an independence from the power elite, which the latter began conspiring to crush.”

Notes Cuddy, “The Gulf War has been presented to the American people as a conflict between the forces of freedom and justice against Saddam Hussein, a cold-blooded murderer and tyrant… but now thoughtful Americans are beginning to question the true motives behind the costly display of force that has devastated the country of Iraq… In urging Congress to commit us to war, President (G.W.) Bush described the Gulf crisis as a ‘rare opportunity to move toward an historic period of cooperation. Out of these troubled times…a new world order can emerge.’”

But, says Cuddy, “before Americans hop on the New World Order bandwagon, they deserve the answers to a number of questions. Who will determine just how and why UN forces will be deployed? Will the New World Order be invoked to free Palestinians from Israeli domination or Croatia from Serbian subjugation? Will UN forces attack China because of human rights violations? In other worlds, will UN Forces, composed mostly of Americans, be deployed to insure ethnic self-determination or will these forces be the agents of oppression and tyranny? Will the New World Order be an instrument of justice and freedom, or will its international bureaucracy act to protect entrenched economic interests? Will the international law of the New World Order be grounded in the principles of the Constitution and the Bill of Rights, or in the hammer and the iron fist?”

Fri, 01/06/2012 - 14:58 | 2040151 lakecity55
lakecity55's picture

TPTB Need a Huge War for the way serious destruction of large parts of the world. If things go as bad as they probably hope, they emerge as the Winners, with a one-world digital economy and an international army.

Full spectrum domination, bitchez.

They may push push push until one side loses it and lights off a missle.

Game on!

Fri, 01/06/2012 - 17:00 | 2040552 my puppy for prez
my puppy for prez's picture

Cuddy forgot one:  "Will the New World Order act militaryily against the American people on American soil?"

That's a biggy that is a no-brainer.

Fri, 01/06/2012 - 14:46 | 2040105 Dangertime
Dangertime's picture

"which included a provision to sanction companies that used the Iranian Central Bank to buy that country's oil."


Would that be due to buying it without use of the USD?

Fri, 01/06/2012 - 15:02 | 2040163 TooRichtoCare
TooRichtoCare's picture

This might seem off topic....but it kinda is about Iran...but it's also kinda about Ron Paul....

I just read a hatchet job article on Ron Paul in the UK Times newspaper by David Aaronovitch.....crap article....and I believe the underlying problem the author has is because of Paul's stance on how to deal with Iran.  The article goes on & on & on about the old 20 or 30 yr old publication which was racist or whatever, and makes a big deal about how Ron Paul is supposedly racist deep down inside (these are the same guys who gave Obama a free pass on the Pastor Jeremiah Wright controversy!), and yet I think because the author is Jewish, his own bias is tainted.  I know that might ME sound racist, but I'm not.  I'm merely pointing out that some people have a natural pro-palestine stance whist others have a natural pro-Israel stance...and that bias is quite clear sometimes when it comes to their supposedly objective assesment of a particular candidate.  So even though the article  claims to be anti-Paul because of what was written in his publication 30 years ago, it is MY opinion that he's really anti-Paul because of the Iran issue....but he just can't bring himself to say it!  

It's drilled into our heads that "Iran wants to wipe Israel off the map" and so Iran is clearly the enemy here, and anyone appearing to be soft on Iran must be completely ignorant of Iran's true intentions, and that person can't possibly be allowed to become US President because he doesn't have Israel's needs in mind. Well, I don't think Ron Paul's attitude towards Iran is necessarily by definition an anti-Israel stance.  I believe he's saying that it's just not an effective policy to engage in sabre-rattling, and brinksmanship, and that all of these chest-pounding macho actions merely inflame tensions, exacerbate and escalate problems.  

Ron Paul merely points out the completely obvious facts that 1) The US has spent trillions of dollars to very little effect in Iraq, and Afghanistan,  2) The US actions abroad have merely served to stir up further anti-American emotions and has not won the hearts & minds of people, and 3) most of the attacks suffered by the West in the last decade have been as a protest against US interference...not because these extremists have an inherent hatred for the liberties & freedoms that Americans enjoy.  The bottom line is that the US can no longer afford to be the world's global policeman, and it's always been a thankless job anyway (with the Europeans wanting the US to do most of the heavy lifting and yet showing nothing but resentment for US intrusion).  

Frankly, I don't really know what can be done to stop Iran from going nuclear....but I do know that all of Bush & Obama's policies, and all of the European & UK policies, and all the UN communiques and sanctions etc have done absolutely nothing.  So maybe Ron Paul's got a point?  And maybe it doesn't automatically have to be seen as being anti-Israeli?

Besides...clearly Ron Paul's appeal has little to do with his stance on Iran, or for that matter his comments on getting rid of the Dept of Education etc.  Clearly, he's got the cult-like following that he does because of his thoughts on monetary issues, the Fed's debasement of the currency, and other such topics which so frequently make it onto ZH (and which Kyle Bass so brilliantly talks about). So, the author misses the whole point trying to bash Ron Paul on issues which aren't even close to being his central platform themes.

Fri, 01/06/2012 - 16:10 | 2040364 JR
JR's picture

Exactly right on all points.

Because of Ron Paul’s surging popularity, the hit pieces on him are to be expected but, finally, his principled views are also getting media attention. Example, in a relatively fairly reported front page story in the San Francisco Chronicle this morning, the reporter shows how Paul’s “small-government, anti-war message” is gaining ground.

One Paul supporter interviewed, Robert Nadeau, owner of the Nadeau Family Vintners in Paso Robles, California, was eloquent: “When I look at the Republican Party going back to World War II, the Korean War, Vietnam, the Republican candidates were the end-the-war candidates.

“The party of Eisenhower and Nixon has now become the War Party,” he said. “How did that happen? How is it we’re willing to borrow $1 Trillion from the Chinese so we can throw bombs on people whose regimes we propped up?”

From the Chronicle reporter, “Trillion dollar deficits at home and a war in Iraq that is estimated to have cost at least that much are creating dissonance among Tea Party, evangelical Christian and traditional Republicans in conservative regions of California and the nation.”

Fri, 01/06/2012 - 19:11 | 2040980 Transformer
Transformer's picture

AND, I think the MSM at this point is helping RP.  People notice when Stephen Colbert does a wrap up of the Iowa elections, which included Romney in 1st, Santorum 2nd, and Gingrich 4th.  At this point the MSM is helping RP, because the game has become to watch the news and see how they slant it away from RP.  His message is approaching critical mass, take a look at this.

People don't trust the MSM and if they are against RP, well then RP must be the candidate of the people.  The MSM is so arrogant they will never figure this out, and their ignoring him and attacking him just serves to make him more popular. 

My dad, who spent his life in business for himself, always said,  "a knock is a boost, don't knock your competitors."  Kinda like "there is no bad publicity".

Fri, 01/06/2012 - 21:41 | 2041333 JR
JR's picture

Yes, it hurts and it helps – a wash, perhaps, but a wash at this point is, like you say, a plus for Paul. Great post, btw.

And speaking of media, The New Yorker’s current hit piece on Ron Paul, Enemy of the State, should have been entitled Enemy of the Establishment. The rush of Establishment fear and criticism is developing a central theme: Paul’s foreign policy and limited government proposals are so radical that they would overturn orderly marketing and established institutions. This is coming from the financial center of America and it translates into help for the pacs and pile-on funding of campaigns such as Romney’s. The pac that ravished Gingrich in Iowa was done on behalf of Romney but was not connected to the Romney campaign.

Romney’s top contributor is Goldman Sachs.  Ron Paul’s top contributors are members of the U.S. Military.

Fri, 01/06/2012 - 18:44 | 2040909 The Heart
The Heart's picture

Awesomely well put, but do not expect the irrrational irridated and illogical no-heart bio-bots to accept that.


"Only passion for greed from the place of fear of lack drives the inflamed ego to pronounce it's deadly self upon an unsuspecting world."


Fri, 01/06/2012 - 15:24 | 2040224 redbarn
redbarn's picture

Setting them up like FDR & Co. baited Japan. 

Fri, 01/06/2012 - 16:10 | 2040368 narapoiddyslexia
narapoiddyslexia's picture


Fri, 01/06/2012 - 16:16 | 2040382 docmac324
docmac324's picture

X 100

Fri, 01/06/2012 - 15:26 | 2040228 besnook
besnook's picture

this is the issue being danced around, never being mentioned directly by even analysts like cashin. iran, libya, iraq and soon japan, russia, china, several south american countries and all of the eurozone don't want to use dollars. if there is not a critical mass of dollar users then the dollar as reserve currency is over and hyperinflatiion destroys the usa. the g7 has commented on diversification out of the dollar. the g20 have clearly agreed that spreading risk out of the dollar is a common goal, one of the few things they agreed upon. iran and the oil states are the easy targets. enforce the use of dollars in the oil trade and the foundation of the dollar is sound. china has done an end around the dollar by using the yuan(pegged to the dollar) as the medium of exchange for trade with many nations around the world and now japan. they are a much more difficult target so is japan but if the euro attack is a harbinger of what will happen to the yen next they(usa banksters as .gov proxies) will have the advantage of a practice run.

so far the chinese have been smart enough not to let the western banks participate directly in the chinese economy in any meaningful way so their finance system is opaque. the peg also protects china from forex manipulation. russia is a little different but they have other leverage to prevent a forex attack. the best way to deal with them is political disruption. putin has to go. he is uncorruptible when it comes to russia's interests. he is russia first, last and always. a yeltsin is what the usa needs in russia. it won't happen. the same with china. the usa thinks civil unrest beyond the scale of tianemen square will topple the chinese .gov and force a pro western(corruptible) change. the chinaphiles apparently haven't learned much in the past 20 years. the chinese may not like their .gov and could force change with a huge riot  but they are chinese first and their dislike for the usa and west in general will always be greater than their dislike of their .gov.

all in all the current geopoliticaleconomic chaos is the flailing of a failing empire setting up massive capacity destruction much sooner than later.


on a side note, just to poke the ribs of the resident thin skin crowd here. israel and the usa zionists know their future and the future of israel are directly tied to usa hegemony. since russia doesn't like them and china just plain won't let them in without paying huge tolls(the sheldon adelson, las vegas sands story is a hilarious account of chinese antisemitism), if world economic influence shifts to the east they are done.



Fri, 01/06/2012 - 23:53 | 2041567 ucsbcanuck
ucsbcanuck's picture

+1000. Brilliant points. I especially loved the points on Putin and China:

"so far the chinese have been smart enough not to let the western banks participate directly in the chinese economy in any meaningful way so their finance system is opaque. the peg also protects china from forex manipulation."

They learnt the hard way about trusting the West after the Opium Wars.

"the same with china. the usa thinks civil unrest beyond the scale of tianemen square will topple the chinese .gov and force a pro western(corruptible) change. the chinaphiles apparently haven't learned much in the past 20 years. the chinese may not like their .gov and could force change with a huge riot  but they are chinese first and their dislike for the usa and west in general will always be greater than their dislike of their .gov."

I'd go one step further - they are Chinese first and they will internally unite against ANY outsiders.

Not only that - check this link my friend sent to me:

Many of the top 10 conflicts were centered in China/Mongolia. Spilling blood is normal in China to defend one's power. The Chinese attitude is best summed up by ex-Singapore PM Lee Kuan Yew:

"“If I have to shoot 200,000 students to save China from another 100 years of disorder, so be it.” - Lee Kuan Yew evoking the ghost of Deng Xiaoping whilst endorsing the Tiananmen Square massacre, Straits Times, Aug 17, 2004


Fri, 01/06/2012 - 15:32 | 2040242 Random_Robert
Random_Robert's picture

C'mon Aliens....

The Iran clock it ticking- better make your grand appearance soon.



Fri, 01/06/2012 - 15:42 | 2040271 MarcusLCrassus
MarcusLCrassus's picture

So in other words, this move might actually lead to the internal toppling of the Iran regime?  Its a great idea.  They were this close to being toppled after that Amadinejad re-election scandal a few years ago.  And all it will take is a little push to send it over the edge?


All we need to do is boycott these clowns and their regime implodes?  America, fark yeah! 

Fri, 01/06/2012 - 16:02 | 2040323 ConfederateH
ConfederateH's picture

I used to like Art Cashin.  Well this great defense bill that he is crowing about is the NDAA that has enslaved the entire country.  Bravo Art Cashin, thanks for helping to pull the wool over the sheeple's eyes.  Thanks for helping GS, MS, Obama and Holder sell us down the river.

Fri, 01/06/2012 - 15:59 | 2040326 slewie the pi-rat
slewie the pi-rat's picture


people in the US have been exchanging their "greenbacks and bennybux" for precious metals and coins on any colored market they can (the blacker, the better) since gold was "legalized" and the Mint re-started the PM coinage with their 1986 products...and before that, for silver and gold jewelry

there are moneychangers all over america!  just like everywhere else!

it is also being reported that besides the rial, other currencies have plummeted against the dollar!

when tehran speaks, people listen? [what the hell, at least the iranians didn't go for swiss francs, here, people!] 

where the daily production went 1H2011:  Iran-exports-revised.jpg

these are the countries [and banks] with which prez0 will fuk if they buy [or trade for?] iranian oil;  this helps explain the budding china-japan buddy system, too

one can almost hear the old military farts:  "if truman had listened to macarthur..."  personally, i see more israeli interest(s) in this "game" than american;  this "bill" was a great "test" of their lobbying tho!  congress writes it; prez0 sign it; and israel send the US & "coalition of the puppets" up against iran & china (russia exports oil)

it also seems that the sanctions around the boycott will be administered by the banksters [as per libya] according to their "secret intel" as they apply the ice-9 b4 it gets freaking applied to them!  again, my sense is that the israeli security "problems" that the US is being used to "address" so completely moronically are being framed by the zionistas whose puppets invariably frame election dialogue to capture the evangelical vote and win!

so, it seems that as long as israel gets its issue(s) addressed, things will be fine...

Fri, 01/06/2012 - 16:02 | 2040334 Colonial Intent
Colonial Intent's picture

Once an Iranian missile hits the israeli ship during the wargames, it will all get very real.

A. Iran tells USA to keep carrier out of gulf.

B. USA tells Iran they are returning the carrier to the gulf.

C. Iran tells USA we are holding more wargames in the gulf.

D. Israel tells Iran our ship(S) will accompany the carrier into the gulf.

E. A missile goes astray.


Fri, 01/06/2012 - 16:05 | 2040343 Chump
Chump's picture

F.  We are all well and fully fucked.

G.  Hitting a lick or two in open G tuning while I watch TSHTF.

Fri, 01/06/2012 - 16:39 | 2040470 JR
JR's picture

It’s an old story. Congress supports Israel’s devastating assaults on the inhabitants of the land it occupies, Palestine, and on its neighbors, such as Lebanon.  The rest of the world condemns the actions; the U.S., too,  deplores the violence and immediately rushes a new supply of rockets to Israel.

This is not a partnership with Israel; it is a single foreign policy. It’s one thing to support an ally or to have a partner, but this is neither; this has evolved into a single foreign policy - not a single foreign policy that gives U.S. interests the priority, but policy that gives Jewish interests priority. It’s unjust in that it targets innocent people and sovereign countries. And it increases the danger and indebtedness for Americans.

For you see, Israel is an aggressive, belligerent nation with a violent history.

Wrote Paul Craig Roberts in 2010: “When other countries attempt to enforce the international laws that the Americans established in order to execute Germans defeated in World War II, the US government goes to work and blocks the attempt. A year ago on October 8, the Spanish Senate, obeying its American master, limited Spain’s laws of universal jurisdiction in order to sink a legitimate war crimes case brought against George W. Bush, Barack H. Obama, Tony Blair,and Gordon Brown.

“The West includes Israel, and there the horror stories are 60 years long. Moreover, if you mention any of them you are declared to be an anti-Semite. I only mention them in order to prove that I am not anti-American, anti-British, and anti-NATO, but am simply against war crimes. It was the distinguished Zionist Jewish Judge, Goldstone, who produced the UN report indicating that Israel committed war crimes when it attacked the civilian population and civilian infrastructure of Gaza. For his efforts, Israel declared the Zionist Goldstone to be “a self-hating Jew,” and the US Congress, on instruction from the Israel Lobby, voted to disregard the Goldstone Report to the UN.

“As the Israeli official said, we are only doing to the Palestinians what the Americans did to the American Indians.

“The Israeli army uses female soldiers to sit before video screens and to fire by remote control machine guns from towers to murder Palestinians who come to tend their fields within 1500 meters of the enclosed perimeter of Ghetto Gaza. There is no indication that these Israeli women are bothered by gunning down young children and old people who come to tend to their fields.

“If the crimes were limited to war and the theft of lands, perhaps we could say it is a case of jingoism sidetracking traditional morality, otherwise still in effect.

Alas, the collapse of morality is too widespread…

In today’s Western moral climate, driving another talented driver into the wall at 200 mph is just part of winning. Michael Schumacher, born in January 1969, is a seven times World Champion, an unequaled record. On August 1 (2010) at the Hungarian Grand Prix, AutoWeek Reports that Schumacher tried to drive his former Ferrari teammate, Rubens Barrichello, into the wall at 200 mph speeds.

“Confronted with his attempted act of murder, Schumacher said: ‘This is Formula One. Everyone knows I don’t give presents.’

“Neither does the US government, nor state and local governments, nor the UK government, nor the EU…”

Fri, 01/06/2012 - 18:56 | 2040950 The Heart
The Heart's picture

Absolutly Honored to be among real stalwarts and bearers of that Doubled-Edged Sword of Truth...and Justice.:

Fri, 01/06/2012 - 18:50 | 2040929 The Heart
The Heart's picture

Careful about what you ask for...we are still creating this matrix as each minute goes along.

Fri, 01/06/2012 - 16:06 | 2040345 Poetic injustice
Poetic injustice's picture

redbarn, exactly.
Iran should fire first shot, and then carnage begins.
WW2 style provocation. Just press them hard enough.

Or like Georgia was pressed into attacking their splinter province and Russia jumped in.

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