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Thread: War with Iran

  1. #1

    Default War with Iran

    http://www.zerohedge.com/news/iran-m...nstead-dollars

    Based on the precedent already set - it can't be that far off.



  • #2
    Member newbitech's Avatar
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    Quote Originally Posted by Seraphim View Post
    http://www.zerohedge.com/news/iran-m...nstead-dollars

    Based on the precedent already set - it can't be that far off.
    and why?


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    Member Pauls' Revere's Avatar
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    so we can then expect the demand and price for gold to rise in accordance with this.
    Currently has:
    $5,521 Federal Reserve Notes in circulation stamped "NOT BACKED BY GOLD"

    - SUPPORT FREE TRADE, SMUGGLE -

    2 + 2 = 5.

  • #5

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    The machine gets what the machine wants.

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    They would be willing to accept gold, but would countries be willing to use gold to buy oil? The article says they also accept other currencies. And that includes dollars.
    "In its trade transactions with other countries, Iran does not limit itself to the U.S. dollar, and the country can pay using its own currency," central bank governor Mahmoud Bahmani was quoted as saying. "If a country should so choose, it can pay in gold and we would accept that without any reservation."
    Freedom is a state of mind. Nobody can take that from you unless you let them.

  • #7

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    Quote Originally Posted by The Mad Arab View Post
    The machine gets what the machine wants.
    Basically. When push comes to shove, there's no depths the State won't sink to in order to pursue its interests.
    Radical in the sense of being in total, root-and-branch opposition to the existing political system and to the State itself. Radical in the sense of having integrated intellectual opposition to the State with a gut hatred of its pervasive and organized system of crime and injustice. Radical in the sense of a deep commitment to the spirit of liberty and anti-statism that integrates reason and emotion, heart and soul. - Murray Rothbard
    Ostracizing: BSWPaulsen, Xerographica

  • #8

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    Quote Originally Posted by Zippyjuan View Post
    They would be willing to accept gold, but would countries be willing to use gold to buy oil? The article says they also accept other currencies. And that includes dollars.
    who says that the contracts would be based on the spot paper price? We know this end game.
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  • #9

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    Ce n'est pas bon.

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