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Currency Wars - Iran Banned From Trading Gold and Silver
From GoldCore
Currency Wars - Iran Banned From Trading Gold and Silver
Gold’s London AM fix this morning was USD 1,675.00, GBP 1,076.55, and EUR 1,294.94 per ounce.
Friday's AM fix was USD 1,646.00, GBP 1,064.68, and EUR 1,274.29 per ounce.
Cross Currency Table - Bloomberg
Gold has risen in all currencies today and bullion up nearly 1 % to $1,675/oz. Gold rose 1.7% last week has risen more than 6% so far this year.
Gold jumped to its highest in more than a month as result of the uncertainty over of the Greek debt outcome and the growing geopolitical tensions with Iran and the US and Nato countries.
The Iranian geopolitical tension is supporting gold as Britain, America and France have delivered a clear message to Iran, sending six warships led by a 100,000 ton aircraft carrier through the highly sensitive Strait of Hormuz.
Reuters report that the EU has agreed to freeze the assets of the Iranian central bank and ban all trade in gold and other precious metals with the Iranian Central Bank and other public bodies in Iran.
According to IMF data, at the last official count (in 1996), Iran had reserves of just over 168 tonnes of gold. The FT reported in March 2011 that Iran has bought large amounts of bullion on the international market to diversify away from the dollar, citing a senior Bank of England official.
Currency wars continue and are deepening.
Many Asian markets are closed for the Lunar New Year holiday which has led to lower volumes.
Of note was there was an unusual burst of gold futures buying on the TOCOM in Japan, which has helped the cash market to breach resistance at $1,666 an ounce.
Investors are also waiting for euro zone finance ministers to decide the terms of a Greek debt restructuring later today. This would be the second bailout package for Greece.
The risk of contagion in Eurozone debt and wider markets is leading to continued safe haven demand for gold.
Reuters Global Gold Forum
Silver surged 8% last week and is up nearly 20% so far in 2012 – thereby outperforming the other precious metals and nearly all assets.
Silver cut through resistance at $31 like knife through butter on Friday. Next resistance is $33 then and $35 and then the big $50.
Increasing speculation that the Fed will soon embark on another round of quantitative easing or QE3 is also supporting the precious metals and confirmation of QE3 could see gold reach $1,700/oz in short order.
For breaking news and commentary on financial markets and gold, follow us on Twitter.
NEWS
(Reuters)
Gold hits 6-week high on TOCOM, eyes on Greece
(MarketWatch)
Gold, silver futures add to gains
(Wall Street Journal)
EU to Adopt New Iran Sanctions
(Bloomberg)
Iran Said to Seek Yen Oil Payments From India Amid Sanctions
(Reuters)
Video: Gold price hike devastates gold market in protest-hit Syria
COMMENTARY
(MarketWatch)
Gold's Happy New Year
(MaxKeiser)
Keiser Report: Sinking Ship In Credit Sea
(GoldSeek)
Mauldin: Eurozone - Staring into the Abyss
(24HGold)
Willie: Inflation - The Only Tool Left
(FutureMoneyTrends)
Rickards: Intervention in Libya was Largely About Gold
(GoldSeek)
North: Auditing the FED's Gold
(Telegraph)
Evans-Pritchard: Greek Debt Talks Stall Over Interest Rate On Bonds
»
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Good thing Russia, China or Venezuela wouldn't trade in gold with Iran.
Or India, don't forget India......
And this, is a shot that IS going to be heard around the world. Because it is the most GROUNDLESS sanction.... that...or it puts le metal moniterie front and center.
Especially silver. ;-)
ori
/shattering-midass-curse-gold-de-spell-ed/
But I thought gold was a barbarous relic, why even bother imposing a ban upon it - Desperate Western Fuckers!
My bad on the India miss.. considering recent India-Iran rupee trade announcement.
.. and if I was Iran, I would be giving discounts on oil for purchases paid with barbarous relics.
Kaddafi tried that didn't he? And didn't carter cut off Iranian assets? That worked perfectly... /sarc.
But Iran doesn't NEED to trade gold and silver. Why would it even want tio? It simply needs to hold it in its central bank and issue currency against it...
Talk about a self hack. If the US invades it needs only store it in China...
and then what?
Only one way out of this untenable global banking mess a big ol' mo-honkin' war. The devils in power are trying to make sure that as soon as Ahmadinejihad has a nuke he will use it.
because of just how barbarous it is...was necessary to save freedom
Freedom's been saved then?
Sure, your still free to continue digging your own grave.
Freedom costs a buck 'o five...
Freedoms just another word for nothing left to lose....
don't mean nothing honey if it ain't free.
US to Iran - "Are you sure you won't accept our paper for your oil? You know we have an air craft carrier in your pond."
Iran to US - "No we want gold or silver, not useless ass wipe paper. We are the proud people of a great nation of brutal laws."
US to Iran - "So how is that atomic bomb coming along?" (Whispering to the carrier group - "Fuel up the fighters."
Until recently, I had no clue that these wars of US aggression might be due to Central Bankers attempting to keep the herds in line.
I've seen plenty of varios conspiracy theories, but the truth could be so much simpler.
It's about the money.... literally.
What is money? it is what we agree it is, and if we don't agree with the Fed, it is what the fed says it is (and we die).
Britain, America and France have delivered a clear message to Iran, sending six warships led by a 100,000 ton aircraft carrier through the highly sensitive Strait of Hormuz.
The French are just there to surrender...
..... or collaborate.
and the Italians can't make up their minds... again...
but, but but, they have nothing to surrender! Except Camembert cheese, as those Iranians dont drink chardonnay!
Umm, Also I think that Q-daffy was counting on a french surrender in Benghazi....Not that these froggy Rambo plays are things I condone, as today in Afghanstn, becoming an ongoing and criminal collaboration with feudal warlords. It has only resulted in multiplying Afghanistan's opium production. Being a US poodle like Tony and Gordon, now "Come n run", is a shameful and sterile game. Its an insult to rule of law, to french anticolonial policy since de GAulle ended Algeria play; all the while cynically promoting under the carpet Françafrique neo colonial RM capture. The two faces of first world-third world geo politics.
But neo-colonial military parades in military barracks in Tartar land bases, and drone killing displays of magnanimous, oh so GWB compassionate feeling for the "free world" values, involving inordinate collateral damage, allegedly due to dirty Apache type treachery in FOrt Freedom's last frontier (these guys of MIC strain all have Hollywood spin-writers at hand); always end up badly with government money spent uselessly; and lots of corpses being sent back in "doggy bags". Tragic waste of young innocent lives. Big Oil and sheeple senseless toil go hand in hand. It has nothing to do with saving brave, impoverished Iran from being Ayatollah regime land. Keep up the facade, as really helping Iran's people is like shooting a bazooka into the bank account and vaults of the Oligarchs. No way thats gonna happen, no ways. Freedom never given, always taken.
Very well said, falak pema
After raping Libyan people and assasinating Q-dhaffi, the bunch of western sovereign banksters n gangsters are trying to do the same on Syria and Iran. Now it will depend on the wills of the prospective victims on how far will they resist, and the rest free world on how will they stand up against such naked and rampant robberies and attrocities, a kind of the new 21st century colonialism, esp. Russia and China!
well, it's right that france has little to offer... but don't forget it still has plenty of french lustful blondes under the french-style delicacy & exotism (recall abt the lead of mdm brunee) to entertain any primitive mundane desire, esp. among the cliques of haus-of-saud :D
Freedom [is] never given, always taken.
My very own motto.
Bravo F P
Lighten up, Francis.
The French are just there to surrender...
For sale: used French military rifles. Never fired, only dropped once...
When will we learn not to fuck with crazy people? I mean, I figured that out in high school.
Iran will learn.
yes. like vietnam, afghanistan and iraq. the u.s. is such an ass kicker.
my favorite part is the bombing people into voting for your candidates strategy.
I think I maybe misunderstandimated JPM Hater's comment.
I like your refresh on the sentiment. Well played old man...well played.
Funny, we have two there now. The Enterprise just took off for the ME, and the Eisenhower is somewhere out there after Navy Week at Norfolk and dumping a captain that had been known to disobey an order or two. We could have 4 of 5 operating carriers in the Persian Gulf in a month.
the enterprise, a ship that is so old that it should have be decommissioned years ago... smells like a great false flag target. think of the cost savings in not having to dismantle all the nuclear reactors.
It isn't about cost savings. They are imagining no budget limits. They'll replace one (that was going to be decommissioned anyways) with ten. What if the whole American Empire thing is just getting going?
I like the way you think son. Let me buy you a Freska!
Didn't FDR leave all the old ships at Pearl Harbor as sitting ducks for that other false flag?
US to send old warship to Persian Gulf
US Defense Secretary Leon Panetta has vowed to maintain a fleet of eleven warships despite budget pressures, mostly to project sea power against Iran.
On board of the oldest US aircraft carrier, the USS Enterprise, Panetta told the crowd of 1,700 sailors that the 50-year-old ship is heading to the Persian Gulf region in a direct message to Tehran.
http://presstv.com/detail/222475.html
kind of doubt the zeroes weren't japanese, but it sure was the (obsolete) battleships that were in port with the (going to decide the war in the pacific) aircraft carriers at sea. just when did they break the japanese naval code?
http://youtu.be/dkU_OAOZgSI
Also full of asbestos
http://www.mesothelioma.com/asbestos-exposure/jobsites/ships/aircraft-ca...
Hmmmmm...
So they are trying to kill Iranians with asbestos? Sneaky...and really slow.
No, the comment was meant to suggest the potential confluence of a false flag attack and asbestos disposal...again
http://www.thetruthseeker.co.uk/oldsite/article.asp?ID=4373
Why should the Big E be decommissioned at all? She could sail for another hundred years. Sort of like the B-52s. They last forever so have to literally chop them in half for an excuse to make new ones. No new money in a fat cat's pocket for something built 50 years ago.
http://youtu.be/dkU_OAOZgSI
Excuse me for asking, but Who is this We you speak of...?
Day by day, more of we are choosing to be with "They," if only because they are increasingly more recognizable as We used to be[before the real They(which is actually a totally fake We the corrupt MSM pushes upon er, "US" ) decided they wanted everybody to forget that once pon at time, we&they were part of a big, happy family that didn't need no pharisees to guide us in the direction of a land of milk 'n honey] which was folks who just wanted to get on with bein alive an grateful to some kind of supreme creator* for the privilege - what used to be our birthright fore somebody sold us out for a mess o pottage...or something equally ridiculous.
I know it sounds kind of complicated, but just turn everything you thought you already knew upside down and it will all make sense...kind of. Alternately, if you are so inclined, just go and make friends with some people who you thought were supposed to be your in.ex.tric.able enemies. It's kinda kool!
*(a totally ecumenical reference...PLEASE...MR FALAK, SIR> no spurious "jesus-luving" bashing...wrestling with thy demons needs be an entirely private matter!>!>?!)
nb...tarubil...not directed in any way at yurself...just using your comment as handy reference to leverage with![ok, I'll admit to taking a slight dig at yur assumption that only Mericans communicate via ZH....its actually become kind of a global network of communication!]
http://youtu.be/dkU_OAOZgSI
http://youtu.be/dkU_OAOZgSI
Trade sanctions against a specific country are sometimes imposed, in order to punish that country for some action. An embargo, a severe form of externally imposed isolation, is a blockade of all trade by one country on another. For example, the United States has had an embargo against Cuba for over forty years. Thanks.
Regards,
credit card debt consolidation
Surprised Crude is still under $100 on this Iran ban report.
"Good thing Russia, China or Venezuela wouldn't trade in gold with Iran."
SO......Who the hell wants radioactive gold?
It would be detected for sure in those diplomatic pouches. YES????
Intense headline. Bats, but you got me to click on it. Kudos.
Clever, very clever.
But Gene, you would have clicked it anyways, nein?
ori
I recognize Goldcore posts from literally miles away. Crazy Irishman.
Check out that 3Y BDIY and tell me that this ain't some Cold war type antics? You can't nosedive from these levels and pretend things are geo-politically stable...
Holy Hemlock Herman!
BDIY = 826...
Its' in three digits.... should be a story, it was THE canary in the coalmine in 2008.
ori
The "Truth" indicators I use are Baltic Dry, (taking a nose dive) and the bond market, everything else is just peripheral and or broken fukin charts. Iran threw up the middle finger to the Western DXY 3 weeks ago. They have heir own oil bourge trading in a chosen basket of currencies along with Gold and PM's till now?
This has nothing to do with "WMD's" of the nuclear airborne nature, it has to do with WMD's of the financial nature. BDIY will always be the global barometer of world financial health, very difficult to fudge the numbers, the freight and destination are registered in port globally which sets the index.
Yes, a lower BDI could indicate lower shipping cost just by proxey of trying to stimulate the global economy, but the rise of oil kinda counter acts that theory. War is inevitable IMHO. WWII got us out of the last "depression", History repeats, over and over.
IMHO, the Bull's will be on Parade till SHTF, like I said last night. Dow 12,800 (defying gravity and all reality) then bust. It's all priced in kids.
But LookingWithAmazement said that the lower the BDIY went the more growth we will have due to cheaper shipping costs. Doesn't an 826 print mean we are about to boom-shackalacka-boom-boom?
It's a leading indicator fuu. Of huge demand plunge. it was 3-4 months ahead of September 2008 when it had it's huge percentage drop.
ori
Sorry I failed to insert the /sarc.
Who knows, maybe the whole Iran nuclear thing is a bankster play to bail out Greece in a few months.
this is where ori's first spam for this page would appear if he had not jumped the string
Draft is coming America.
Draft? What the fuck are you talking about, the doors have been wide openon this house for quite some time. Not much left to steal. People running to the military already, no need for the draft. for many young people the choice is already prison or military.
It's intersting,really... and likely by design... but knowing how the end game of the credit/money system must work... as economies implode and war becomes both a distraction as well as the imputus for who gets to decide what system comes next... the imploding economy becomes the source for the soldiers. Now, about those raw materials...
"no need for the draft. for many young people the choice is already prison or military."
Ah, what better ambassadors to win their hearts and minds...
The carefully constructed facade that gold is just a barbaric relic from past monetary systems and is of no consequence is slowly being destroyed by the actions of the Central Banks themselves.
It is pretty clear that this action against Iran has nothing to do with Nuclear devices and everything to do with banking and Irans lack of genuflecting to the PTB and their fiat systems.
I reckon that's exactly what this is about. Well, still about the oil, really, but...
As ponzi paper loses value it's going to get increasingly difficult to force anyone with oil / nat gas / ultimately anything of value to accept payment in it. As oil (and everything dependent on it, which is nearly everything!) becomes increasingly expensive, TPTB are going to start getting mounting levels of civil unrest from their populations, who've gotten used to staying warm, driving around in cars and eating a decent meal once in a while. And would rather like to keep doing it.
You can't entirely blame your average bankster or politician for not wanting to become a lamp-post ornament, but they should have thought about that rather sooner. Like about 1913 or so.
sure.. let me guess..
India/Japan buys Iranina oil, instead of paying in $/euro/etc those countries
will buy gold and ship into Iran..
smart as hell
alx
.
Why ban "tradition"?
America deserves the leaders she gets.
So, Iran has a choice to be destroyed by NATO/Israel bombs or be safe from destruction by the COMEX/CFTC. Stay safe Iran, bombs only hurt for a little while, COMEX will bury you.
COMEX buried itself... MF Global reprecussions are not over. Now there is a RICO suit being brought against MFG and that is going to blow back on CME and COMEX.
RICO = operation of a continuing criminal enterprise... or something like that, not sure of exact wording.
One can only hope.
Fast and Furious is also clearly a RICO case.
Racketeer Influenced and Corrupt Organizations
How fitting...
but....but...but I thought gold and silver were Barbaric metals...
Jeepers, this news opens my eyes to the yellow metals true value.
Who was buying gold futures on the TOCOM? I wonder if Japan is hedging by looking for a yellowish currency they could trade to Iran a bit down the road for their black goo. That would make sense...I'm just shocked that the BOJ hasn't been buying any bullion. If they're smart that will change any day now.
"I'm just shocked that the BOJ hasn't been buying any bullion."
I would be shocked if they told you this publicly. They are not that stupid.
Considering how much gold is sold here as scrap vs the 100 tons they exported last year, I'd say the BOJ is definitely sticking up on "za gorudo".
They are deathly afraid that Iran will start selling oil in gold instead of dollars. This would cause complete panic and chaos. Even at 30 barrels per ounce which would be an extremely good deal it would surpass the worlds gold production. It would send the price of gold to the moon.
If Iran wants to do real damage they should by 500 million ounces of physical silver at 60 dollars an ounce. Comex would default along with USD and EUR.
That would invite instant bombing. They cannot make this alone. Russia and China has to move to gold first and they are still accumulating - taking advantage of the price supression.
Exactly. The last turd-world country to threaten to not use dollars was Iraq, and look what happened.
/Mike
Compare gold and silver prices
And ... welcome to the first day of the year of the Water Dragon. I just hope gold can hold on to silver's tail this year. Happy Chinese Lunar New Year. Prosper.
I am already looking at the big 50 for silver. The question really is will it stay above 50? I don't think so this time around unless something big happens.
Gold will move slowly and surely.
Iran will still get Gold and Silver by other means than trading.
I am of the year Fire Horse myself.
THROUGH LOVE all that is bitter will be sweet
Through Love all that is copper will be gold.
Through Love all dregs will turn to purest wine
Through Love all pain will turn to medicine.
Through Love the dead will all become alive.
Through Love the king will turn into a slave!
Jal?l ad-D?n Mu?ammad R?m?
Good time to remind everyone to stay away from the purple acid.
Hugs not drugs.
Just sayin'
speaking of acid,
¿are you aware of how gold is mined?
cyanide, arsenic....
mmmmm!
Yo Frosty, you sexy-mexi-canadian! Do you remember a snowball from the nation blogs (usually found yelling at anti, chermak, and the other fascist thuggies)?
Hope you're doing well up there in the GWNorth and playing plenty of good moozic.
snowbert!
all is well -- hoping the same for thee.
Please don't turn all the copper to gold.
The wires in my house will all break, and we will have only silver to use as a monetary metal.
War is a comin Bitchez!
We've always been at war with Eastasia.
I fully expect an attempted ban of this sort to be attempted in Amerika too. The fiat scam is almost over.
USS Enterprise going to Persian Gulf
On board of the oldest US aircraft carrier, the USS Enterprise, Panetta told the crowd of 1,700 sailors that the 50-year-old ship is heading to the Persian Gulf region in a direct message to Tehran.
http://presstv.com/detail/222475.html
I don't know but I've been told that Big E is really old.
See that flattop steam all day,
Gonna go in Trouble's way.
Say, the USS Maine was pretty old, too, wasn't it?
Sooner or later, people will stop falling for it. Right? I mean, come on.
The Maine wasn't very old, but your point is still valid. It's doesn't really even matter what the cause... it was still used as pro-war propaganda.
Gentlemen Gentlemen - everybody knows the Maine 'hit a mine' planted by those dastardly Spanish to keep US warships out of Havana Harbor.
Been hearing those dastardly Persians have been planting a few mines to keep US warships out of the Persian Gulf ( its proper name, I believe).
But with our superior technology and trained dolphins, what could possibly go wrong?
Rans:
'Iranian cleric urges early halt of European oil exports before EU ban according to a report'Aaaaannnd we have escalation...
The Enterprise is scheduled to be decommissioned in 2013.
http://www.hullnumber.com/CVN-65
1800 Officers and Enlisted plus 8 nuclear reactors. Those reactors have been refueled once -- 25 years ago.
Remeber the Maine!
8 fukushimas in the middle of the gulf.
A las armas, chingadas!
Looks to me like they (TPTB) have come up with a sacrificial lamb in order to rally the people around the next WW. Hope no one here has any relatives on what looks to become the next corral reef.
The Enterprise is Hell at sea-an absolute piece of shit. Was on there long enough hurry up and GTFO.
^^Chubbar is spot on. Last I heard BigE was to be decomm'ed in 2013/14? Anyway, this would kill two birds with one stone.
To all of the cunts in RL-DIV-Get out while you still can.
BSHIP
"The E = Hell on sea = POS."
WTF? Compared to what the Love Boat? Compared to the QE2?
You must have your hand on the "build new boondogl oops, I mean aircraft carriers $$$ train"
What could possible be disfavorable about Enterprise?
Did they beat you on the below-decks?
Was the caramel sauce for the liver pate' not up to your standard?
Enterprise/any modern ginormous carrier = Hardly rocks in the heaviest seas. Unsinkable, laughs at and scorns waves. rogue or otherwise.
No diesel smell / no diesel on the friggin vessel.
Serving on the surface navy (compared to army/marine type danger)
Surface Navy duty = 0.00% chance of being harmed by "enemy" (weird word these days I admit) action.
Where sir (besides disinformation) did you come up with "Hell at sea?"
Do you mean like "Hell in the Pacific?" Are you comparing Enterprise duty with Battle of the Coral sea duty? I mean they do sometimes shut off the water, that can be rough.
http://youtu.be/dkU_OAOZgSI
i think some people are missing the point, why would iran sell oil for gold if it cant buy the other stuff it needs with gold. this is an 'export ban' but iran is not a major gold produceing nation the only reason it has to 'export' gold is when it is useing it as money
From the article above: "
"Reuters report that the EU has agreed to freeze the assets of the Iranian central bank and ban all trade in gold and other precious metals with the Iranian Central Bank and other public bodies in Iran.
According to IMF data, at the last official count (in 1996), Iran had reserves of just over 168 tonnes of gold. The FT reported in March 2011 that Iran has bought large amounts of bullion on the international market to diversify away from the dollar, citing a senior Bank of England official."
Iran wants to convert fiat that it collects from trading Oil into gold reserves. Not sure how you come to the conclusion this is just an "export ban"?? The article references a ban on "all trade in gold and other precious metals". The term "trade" indicates a two way street. One does not have to produce gold in order to trade it and in any event the article indicates that Iran is accumulating, not trading it. Gold will have a position in the next monetary system after this one crashes, that is what they are positioning for. The U.S. would obviously like to see an Iran that doesn't have significant reserves probably so that it is forced to sell it's oil even if Iran doesn't like the content/makeup of the next "reserve currency" (which will probably consist of a basket of bullshit(SDR) instead of bernanke bucks)
export ban is how its being decribed in the mainstream british press, but my point still stands, gold is useless to the iranians unless they can spend it. building reserves does not benifit the iranian people after a certain point, 160+ tons is proably enough reserves, what will keep the iranian people happy is being able to buy things that are not available in iran
There is a trade embargo already (as I understand it) so that they can not buy the things they want on the world market with the fiat currency they are accumulating through trade with the folks not going along with the oil embargo. That leaves Iran with accumulating a pile of fiat currencies that they can either stockpile or convert to gold, they were converting to gold. The reason why was stated above (for the next monetary system). I believe that the purpose of this ban is to stop that conduct. One can never have too much in reserve so I disagree with that statement. The U.S. supposedly has 8300 tons in reserve (snicker) with an approximately 300 million population. Iran has 75 million people. Per capita ratio would argue for a reserve of approximately 2,000 tons as opposed to the 160 quoted here. Unless we are arguing that the U.S. is a special case and should have more gold per capita than anyone else.
I think your position is wrong but it is an entirely reasonable way to view the information presented so could in fact be correct. If it was ascertained that this was an export ban only and not an import ban then I might be inclined to agree with your position. But I do not, and never will again, trust a main stream news media outlet report. Especially when the report doesn't mesh with the observation of an accumulation of gold by Iran as opposed to dishoarding, which an export ban implies. We can agree to disagree on how we view the matter, that's what makes for constructive discourse as I enjoy hearing other points of view. thanks.
It's all about Petro Dollars, or in Iran's case, lack there of. The ban of all Gold trade is to force them to re-instate the Petro Dollar or face not selling oil at all IMO. Oil sales makes up a huge precentage of what drives their domestic economy.
http://www.darkpolitricks.com/2012/01/iran-crisis-follow-the-money-its-all-about-petrodollars/
nice link, Money 4 Nothing
quite informative with its some further refs!
The Myth of “Isolated” Iran
Following the Money in the Iran Crisis
By Pepe Escobar
January 17, 2012 "Tom Dispatch" - - Let's start with red lines. Here it is, Washington’s ultimate red line, straight from the lion’s mouth. Only last week Secretary of Defense Leon Panetta said of the Iranians, “Are they trying to develop a nuclear weapon? No. But we know that they're trying to develop a nuclear capability. And that's what concerns us. And our red line to Iran is do not develop a nuclear weapon. That's a red line for us.”
How strange, the way those red lines continue to retreat. Once upon a time, the red line for Washington was “enrichment” of uranium. Now, it’s evidently an actual nuclear weapon that can be brandished. Keep in mind that, since 2005, Iranian Supreme Leader Ayatollah Khamenei has stressed that his country is not seeking to build a nuclear weapon. The most recent National Intelligence Estimate on Iran from the U.S. Intelligence Community has similarly stressed that Iran is not, in fact, developing a nuclear weapon (as opposed to the breakout capacity to build one someday).
What if, however, there is no “red line,” but something completely different? Call it the petrodollar line.
- Banking on Sanctions?
- More Connected Than Google
- Silk Road Redux
- Follow the Money
...
Remember Operation Northwoods, that 1962 plan drafted by the Joint Chiefs of Staff to stage terror operations in the U.S. and blame them on Fidel Castro’s Cuba. (President Kennedy shot the idea down.) Or recall the Gulf of Tonkin incident in 1964, used by President Lyndon Johnson as a justification for widening the Vietnam War. The U.S. accused North Vietnamese torpedo boats of unprovoked attacks on U.S. ships. Later, it became clear that one of the attacks had never even happened and the president had lied about it.
It’s not at all far-fetched to imagine hardcore Full-Spectrum-Dominance practitioners inside the Pentagon riding a false-flag incident in the Persian Gulf to an attack on Iran (or simply using it to pressure Tehran into a fatal miscalculation). Consider as well the new U.S. military strategy just unveiled by President Obama in which the focus of Washington’s attention is to move from two failed ground wars in the Greater Middle East to the Pacific (and so to China). Iran happens to be right in the middle, in Southwest Asia, with all that oil heading toward an energy-hungry modern Middle Kingdom over waters guarded by the U.S. Navy.
So yes, this larger-than-life psychodrama we call “Iran” may turn out to be as much about China and the U.S. dollar as it is about the politics of the Persian Gulf or Iran’s nonexistent bomb. The question is: What rough beast, its hour come round at last, slouches towards Beijing to be born?
Full article: Following the Money in the Iran Crisis
Tradition!
Looks like Iran possesses all the WMDs of a true terrorist: gold, oil and independent finances.
I bet they drink raw milk too.
And sell unlicensed street lemonade.
Savages!
Nothing a little genocide won't cure. To the bombers, men!
And scene.
Making a splash, referrences to zh in this new clip;
Your Wages Will Be Cut In Half
http://www.youtube.com/watch?feature=player_profilepage&v=cJg99tGolNI
That just about covers it....Nice vid
I think Ahmadinejad's planning a Gold currency hence the ban... He visited Chávez recently and we all know China and Russia have been buying loads.
I can't wait, I got my popcorn ready for this one while I clink my silver coins together.
Western gold and silver exchanges just defaulted AGAIN. That is all this is.
No dinar for you, one year!
Let's hear a round for Iran for one-upping Saddam who only threatened to trade oil in the zooro.
Hear that America? That's the sound of dollar hegemony letting out a slight hiss...
Someone remind me, exactly what is it that these people did to deserve this?
They are guilty of Pre-crime
Once the FED and IMF are finished swapping out their gold clad tungsten blanks with G-Daffy's gold....the sanctions will be lifted...and Iran can again trade for gold
Mars - FYI, green / red arrows don't work on some (most?) browsers when you begin your post in italics.
So here's a green arrow for you. ^
(Doing my Johnny Carson impersonation) I Did Not Know That.
Thanks
Sprott is sticking the boot into those naked silver shorts with $300M offering which can take 10M oz of silver into his trust but who knows how long he will be made to wait for all that silver. A further $1.2B is hanging over those naked silver shorts like the Sword of Damocles. We have those naked silver shorts by the balls.
Mr Sprott’s can make a number of silver trust offerings for the remaining $1.2B he has said he intends to float at periodic intervals and the spike we saw between October 2010 and May 2011 following his silver trust’s initial offering will sustain itself all through 2012 and silver will reach its proper market value which is many multiples of the current market value.
I can well imagine it taking Mr Sprott all year to get all of the proposed $1.5B into his silver trust fund and a year form now Mr Sprott will likely propose another investment into his silver trust all of which will have a completely transforming impact on the market value of silver – well done, Mr Sprott.
Silver too? Why? because they could double the price of it with just a fraction of their FX reserves then take delivery through a proxy and still come out ahead money?
The U.S lost control of Iranian oil sometime ago. Now the U.S is doing all they can to keep control of their currency.
TPTB forbid Iran to exchange those Western Fiat earned from oil export for silver or gold!!!! Can't get any clearer than that!! PM's are real money.
Banksters final role of the dice, tell their puppet politicians and president to start a global war.
So Russia say leave Iran alone, China says leave Iran and Russia alone, Russia leave our friends China alone, they both say an attack on Iran is the same as an attack on mainland Russia...some smart arse Iranian military dude starts launching missiles at the US fleet just to get things started....India and Pakistan finally find something they agree on and both join China and Russia...much of the rest of the east and Asia have had a gut full of US military war mongering and becoming unfriendly....
Bankster get rich stealing making bombs for both sides.
This is what Madoff would have done if he had an army to support his ponzi scheme.
If it escalates to nuclear war and China and Russia are fully involved......the banksters wealth will be vaporized along with themselves. They are using the same script they've always used, they must somehow think they are above massive radiation? Or maybe they plan on living underground for generations. Who knows what these crazy bastards are thinking but one things for sure.........they're gonna get us all killed to remain in power and stay wealthy. If they can't have it all, no one can.
Then again maybe it's also a roll of the dice, the US will never survive and collapse totally without being the reserve $, everyone says oh will just plant a garden and make crafts. Bullshit. You'll never have time, there would be massive death. No one is safe. Just imo.
Don't forgert Chavez has oil and doesn't like the dollar. And is friends with Russia.
Another dollar rebellion is about to be squashed... but we are running out of steam... China, russia, japan, India, etc, etc all are getting out from under the collapsing dollar... we can't invade them all... And since the gold we claim to have is an illusion like Bush's brain... we are soon to be screwed... And who, among the current and wannabe cast of clowns will ride to save the day?
A short ferry boat ride across the Persian Gulf Iranians can buy all the PMs they want.
The latest scoop - all US military personnel have been evacuated from the Enterprise - it is now manned exclusively by Guantanamo prisoners chained to the machinery belowdecks. Bernie has been given the con. All control rods have been withdrawn from the 8 reactors, and they are about to go critical. Shock & Awe baby.
Let's see,
*Saddam threatened to stop selling oil in dollars .
*Gadhafi’s planned to quit selling Libyan oil in dollars.
*An AP story on Feb 11 2009 reads "Iran Ends Oil Transactions In U.S. Dollars"
I'm beginning to discern a pattern.
*On Oct 24 the LA times reported that Libya's gold reserves are "staggering".
Killing two birds with one stone!
Hu. Hu, Hugh, I was taught the whole time that gold is just a commodity, just like wheat, Hugh, Hugh.
I wonder how the US wants to enforce the ban on iran to pay in gold. China is home to a bullion exchange since a few months and has accordingly vast underground vaults where the gold of Iran is well stored. The moment China is paying an oil bill the one heap in this vault representing the Iranian gold is going to become a bit bigger. On the other side the moment Iran is paying a bill in Yuan the same heap is becoming a bit smaller. Very primitve but works dead sure and safe. And maybe other clients of Iran like, India and who knows Japan do also have a heap of gold overthere. The people in this vault will be busy carting the gold everyday from one heap to the other and back and forward again. Funny to imagine, but thats how it works maybe. Plus the Iran can buy gold in China with its oil if needed. They receive Yuan and buy gold on the local market through the local banks. China is the biggest producer and the imports of gold are also ever increasing to satisfy the demand of the locals banks.
So if the US wants to stop Irans gold trade then it has to stop Chinas gold trade internal and external too.
I dont think the Chinese will stop mining gold and buying in addition from abroad just because the US wants that China is only holding newly printed Dollasr instead. I can understand the Chinese that they do not want to rely totally on the US Dollar.
MUST READ http://www.debka.com/article/21673/
Hot off the press
My rough calculation is that India will trade ~200 tons of gold/yr to Iran for (only 12% of) its oil needs (@ $1700/oz). I'm trying to get my head around that.
GRESHAM'S LAW HOOOOOOOOOOOOOOOOOOOOO...
Iran has no intentions of making one or two fission bombs. They have stated that they know that Israel has 100 - 200 advanced bombs and advanced delivery systems. Iran would initially only have a "device" that would sit on a tower for a test. At best they would have a bomb that could be delivered by a slow moving bomber (by modern standards).
Iran has screwed up its economy by having too cheap gas, diesel and electricity. they want to sell their oil or make plastics for hard currency (oops I guess that would either be a precious metal or...?).
They do not want nuclear war. People smart enough to enrich uranium (also foolish enough considering Thorium reactors and the problem with the waste from uranium type reactors.) are not stupid enough to want to face an enemy with 100s of nuclear wapons.
Iran never called for the destruction of Irael, that was from our propagandist translation. Noam Chomsky found a farsi translator and what was callled for was regime change in Israel. Iran mentioned the myth that gave rise to Israel - that the Israelis are not semites but Europeans. The idea that the Euopeans that took over Palestine (Name changed from Judea to Palestine by the Romans under Emporer Hadrian after the Jewish revolt.) It was anti-Jewish scum that wrote the "Protocols of the Elders of Zion" to shift the blame for the crash of 1873. The idea was to call the jews semites meaning outsiders. The anti jewish crowd and the Zionists loved this.
Realpolitik
Would there be an Israel if Winston Churchill had not pushed the the Englsih Navy to switch from coal (which england had a lot of) to oil which they found in the Persion Gulf.
Oil alloowed their ships to go farther and faster and be refueled faster with less manual labor.
Israel may have been suckered in the long run.
Wa?
Perhaps it's my comprehension skills or lack thereof but I don't know what you just said. Please clarify.
"Would there be an Israel"
if the Red Shields hadn't had their fingers in the pie?
Salutation on the Balfour Declaration:
"Dear Lord Rothschild"
from: http://www.mfa.gov.il/NR/rdonlyres/5F85AB29-6E93-4CF5-B31E-4A1DDED2C2A9/...
and:
http://www.mfa.gov.il/MFA/Peace+Process/Guide+to+the+Peace+Process/The+B...
That's all I needed to know about what was what...
"That's all I needed to know about what was what..."
Well I should confess, reading this helped a lot too:
The Controversy of Zion by Douglas Reed
http://iamthewitness.com/books/Douglas.Reed/The.Controversy.of.Zion/
goldCore strikes again?
Reuters report that the EU has agreed to freeze the assets of the Iranian central bank and ban all trade in gold and other precious metals with the Iranian Central Bank and other public bodies in Iran.
there is only one reuters link
there is no "news" to this effect: PRECIOUS-Gold hits 6-week high on TOCOM, eyes on Greece | Reuters
same goldCore shit. different goldCore day
Happy 1 year!
Thank you for all the insight and entertainment sirrah!
<bow>
thxz, fuu!
i'm preparing my annual stuporBowl halftime rant to tell readers to unass the couch, tape the show, and run over the nearest ATM and drain the account except for 2$! L0L!!!
# 0HalfTime...
...BicheZ!
I was working on an homage track for you but I got distracted this weekend. Someone commented it sounded like a bad acid trip so it was going in the right direction I think! =)
"homage"? L0L!!!
this is way better than AA!
Well....this will certainly sends out another signal of "if you don't hold it....."
Chavez is prolly on the phone to Iran saying "I don't like being a "I told you so" sort of guy but...."
And you guys were all worried and bunched up about where the U.S. and/or Comex was going to get enough PMs.
Silly rabbits.
Not alot to say after reading the article other than,Fuck you's Bankers and you corrupt mother fucking politicians. See ya's in hell..... Haha ahh ahhhh
Hahaaaaaaaaaa.Yahoo.......