What does Iran's switch to the Euro mean?

[goRPaul]

Will the price per barrel of oil skyrocket again? Will the Bush administration get tougher with Iran? Or is it not much of a big deal.

[Man from La Mancha]

Not much, because so much is linked with the USA, shortly after the dollar collapse the other fiat systems will do too. Who bought up all the US mortgages? Just a show.

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[noxagol]

Means we might have to liberate the Iranians soon.

[Indy Vidual]

Means we might have to liberate the Iranians soon.

They hate us because we are free!
:rolleyes:

[Kingfisher]

Means we might have to liberate the Iranians soon.

Yes. WE must liberate them if we have to kill every last one of them.

[theseus51]

According to Ron Paul (at the end of this long, but interesting video), it means we are about to attack Iran.

http://video.google.com/videoplay?docid=-8327695139643041382

[microsect]

Bush has been talking about ww3 for a while now. Check out what he said in october.


Bush: But this — we got a leader in Iran who has announced that he wants to destroy Israel. So I’ve told people that if you’re interested in avoiding World War III, it seems like you ought to be interested in preventing them from have the knowledge necessary to make a nuclear weapon


http://www.crooksandliars.com/2007/10/17/bush-warns-of-world-war-iii-laughs-at-israels-bombing-of-syria/…

[seapilot]

Well Japan and China buy a lot of oil from Iran.....using dollars that they get from trade with USA and now they will have to exchange those dollars for euros in order to buy oil from Iran. Higher oil, dollar continues to slide are some sooner than later effects I would guess.

[Bossobass]

Just as a recap:

In 1971 Nixon removed the dollar from the Bretton-Woods gold standard.

A series of inflation/recession cycles ensued.

The central bankers concocted a scheme to tie the dollar to world wide oil sales.

The carrot: Insane prices for a barrel of oil.

The conditions: A) All mideast oil sold through a single entity (OPEC). B) All oil sales world wide to be dollar denominated. C) No cash payment, but rather a 10%, 30 year CD be opened in a Fed member bank.

The price of oil (and everything else) then spiked from $1.40 to $40.00 a barrel. Remember, even at 10%, oil producers would get $4.00 a barrel vs the $1.40 at the time of the proposal.

The dollar was made safe. The Fed was awash with HUGE deposits in the form of CDs. Several years later, enter Ronald Reagan, who then prompted Americans to go along with the largest military build up in peacetime in the history of Earth, borrowing $2 Trillion bucks to do so from the cash laden, able-to-lend-X60 banksters. Bush Sr. added another $2 Trillion. Not to be outdone, Jr added $3 Trillion.

Who owned Exxon? Who owned Chase Manhattan? Who owned General Dynamics?

What happened in the 90s when those CDs were getting near to maturity? Seems that the banks had made huge loans to third world countries through subsidiaries. Seems that the CDs were used as collateral. Seems like the Arabs lost a big chunk of their principal. Seems like the US government (you and I) bailed those lenders out after the dust settled.

So, considering that there have only been two places in the world to purchase oil, regardless of who produces it, or who purchases it, the NYCOMEX and the London IPE (international Petroleum Exchange), and all purchases require USD, it seems very suspect that the Bushites lied about why they were invading Iraq at the same time it was discovered that Saddam was selling oil for Euros through back channels, using the UN's oil for food program.

It also seems suspect that, immediately after the Iraq invasion, the UN program was shut down, and no more Iraqi oil has been sold for Euros, or any other currency, since then.

It seems that Hugo Chavez may be hip to the scheme, as he has not only accepted Euros for his oil, but he has admonished OPEC to do the same. BTW, hasn't the US attempted to oust and/or assassinate Chavez?

Now we have Iran. Not only has Iran threatened to sell it's oil for Euros, it has sold oil for Yen and 'other' currencies. In fact, a couple of years ago Iran was contemplating opening it's own commodities exchange, wherein oil could be exchanged for any number of currencies. This was nearly exactly the same time the Bushies began their saber rattling against Iran.

I personally believe that the dollar backed oil scheme was only a means to an end. This means that the dollar was doomed from the onset of the plan, just by the nature of the plan. Seems odd that many of us would be talking about a new currency for all of North America just around the time we began to realize that the dollar is sliding into the abyss.

So, that's what will happen. The dollar will be rejected and disappear. The Amero will replace it. Americans won't care as they never have and never will. As long as they can go to WalMart and buy some toxic plastic crap version of the real thing and scoot on over to McDonald's after that for lunch, then drive to Exxon to fill the now empty tanks of their earth f#*@ing SUV and proceed home to catch the news and wheel of fortune on the ooze tube...well you get the picture.

I'm just sayin'.

Bosso

[american.swan]

Will the price per barrel of oil skyrocket again? Will the Bush administration get tougher with Iran? Or is it not much of a big deal.

It means Bush has got to dream up some lame excuse to attack Iran. Such as liberating those suffering citizens from their "elected Pres".