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Oil Bourse to Strengthen Prestige of Europe, Iran
Wednesday, February 1, 2006
To the detriment of America, if the Iranian oil bourse proceeds as planned in March 2006, one of the most underreported stories of the year will dramatically leap into view.
Most Americans probably don’t worry about Iran too much. Talk of it developing a nuclear bomb probably strikes a raw nerve—especially coupled with the Iranian president’s anti-Jew comments. But with our hectic lives, we have little time to think about it. The trouble is, Iran has been thinking a lot about you. Its leaders are keen on America’s destruction—and that means you. That’s why one of the most underreported stories of 2006 deserves America’s attention.
In March 2006, Iran is planning to launch an oil bourse. As it is understood, the bourse (a trading mechanism where someone sells and another buys) will sell oil in euros. Iran seeks to strike at the twin pillars of U.S. economic dominance: dollar reserves and confidence in the American economy.
This plan, if carried out, would strengthen two fast-rising power blocs: Europe and Iran.
For half a century, the American dollar has been the reserve currency of the world. Seventy percent of all currency reserves are held in American dollars.
This has a lot to do with the fact that oil, the most important commodity in the world, is mostly priced in U.S. dollars. The majority of countries, being oil importers, are generally forced to buy their oil in U.S. dollars. Along with related economic considerations, this encourages them to keep most of their foreign currency in dollars.
In turn, the debt-burdened U.S. economy is dependent upon the high demand for its currency in order to remain afloat. Sale of the U.S. dollar, in one way or another, funds major national debts. The day this demand comes to an end portends disaster for the American economy. This is where the seemingly innocuous subject of an Iranian oil bourse becomes anything but harmless for America.
The proposed March 2006 launch of the Iranian oil bourse, if successful, would give the Euro a foothold in the international oil trade, solidifying its status as an alternative oil transaction currency. This could be a catalyst for a major currency flight from the dollar to the Euro—and a disaster for America.
Here is why.
Europe, among other major dollar-holding nations, will no longer have to buy dollars to purchase oil. For Europe, and any other country that might buy on the Euro-denominated bourse, this means a shift away from the dollar reserve. The consequences for America would be immediate. Sale of Treasury bills to foreign nations would be curtailed as the purchase of euros accelerates. This would injure America’s capacity to finance its national debt. With this, Americans would feel more than a pinch. The Foundation for the Economics of Sustainability predicted, “As countries and businesses converted their dollar assets into Euro assets, the U.S. property and stock market bubbles would, without doubt, burst.”
Conversely then, as nations increasingly switch currency reserves from the dollar to the Euro, dealing a considerable wallop to America’s global prestige, Europe’s stature will mature. Moreover, with Europe stabilizing under the beating heart of Germany’s economy, foreign nations could seemingly begin to look to Europe’s leadership rather than that of America. For Europe, which has sought an identity independent of America’s foreign-policy initiatives for the last half century, the bourse could act as a catalyst to propel the Union into a greater global standing. Again, America will receive the short end of the stick.
Also, a dollar flight and subsequent purchase of euros would strengthen the European economy. The European economy is poised, should the bourse proceed, to receive a major jolt of economic confidence. By contrast, America’s economy, which stands or falls on consumer confidence, could receive a death blow.
For Europe, a flush of cash would offer new opportunities to finance pan-European projects like defense and armaments. According to an Oct. 13, 2005, report by Associated Press, Britain and France have called upon their European allies to beef up defense spending. Up to now, European states have been cutting spending on defense budgets and falling well short of the American benchmark, which is over $450 billion annually. The problem is, nobody has the money. According to British Defense Secretary John Reid, his challenge is trying “to convince our colleagues to try and find a reasonable amount of money.” Right now, the European Union spends only about $218 billion on defense each year, creating glaring gaps in European defense—something a heavy amount of purchasing of euros instead of dollars could fix.
According to nato figures, America spends 3.9 percent of its annual budget on defense. Remember, foreigners help finance that budget by buying dollars, so a switch to Euro reserves would also have the added effect of striking at America’s ability to finance its military.
As an influx of cash could begin to solve some of the most divisive problems between European states aspiring for a united Europe, European unity could receive a shot in the arm. Right now, Germany is emerging as the uncontested leader of European policy initiatives east of the Danube by effectively dealing with the Russian bear. But also, it is emerging as the internal voice for change within the Union itself. A cash-rich Union—which over the last few years has been persistently hampered by budget constraints and internal squabbling over transfer payments to different states—would be positioned to focus on issues of unity and policy. The bourse, then, could help to eliminate divisive cash problems and open opportunities for a newly resurgent Germany to ply its version of the European Union.
For itself, Iran no doubt has multiple motives for making this move. For one, it makes sense economically, especially since the European Union is Iran’s biggest trading partner. More importantly, it would strike a blow to Iran’s archenemy America. Finally, making Iran the main hub for oil deals in the region would help drive the Islamic Republic forward in its quest for regional supremacy.
As Gerard Baker puts it in a January 27 Times Online article, Iran is already on the threshold of creating a new moment in the history of the world, ranking its world-changing influence up there with Hitler and the Bolshevik Revolution. Couple its push for a new oil-exchange mechanism with Baker’s observations and you have a position where “No country in a region that is so riven by religious and ethnic hatreds will feel safe from the new regional superpower.”
George Perkovich, an Iran expert at the Carnegie Endowment for International Peace in Washington, stated it frankly: “It’s part of a very intelligent, creative Iranian strategy—to go on the offense in every way possible and mobilize other actors against the U.S.” (Christian Science Monitor, Aug. 30, 2005).
Obviously, Iran is eager to eliminate American influence. For Iran, which foresees a “clash of civilizations” between Islam and America, undermining the dollar could prove to be its best and most effective strike against a more capable military foe. As one commentator put it, the impact of the Iranian oil bourse on the U.S. dollar and the follow-on effect on the U.S. economy could be worse than Iran launching a “direct nuclear attack.”
Should the bourse proceed, watch for a U.S. dollar flight into euros—and for the corresponding fall of America’s twin economic pillars, the dollar reserve and confidence in the American economy. With the Iranian oil bourse, Americans could end up holding the bag, and Europe and Iran the prize.
Posted : 01/02/2006 1:55 pm
The US dependancy on the international stock exchangers has to do with the government's debacle of reducing US oil reserves. Making oil suddenly a commodity. Iran supplies the planet with only a minimal percentage of oil. The weakness of the Dollar plays the leading role, in its use for buying commodities.
Iran's primary enemy is Israel
Posted : 01/02/2006 2:44 pm
Iran supplies the planet with only a minimal percentage of oil.
Iran, just 3 yrs ago, discovered a 40+ billion barrel field. Such a field would be the world's second largest after Saudi Arabia's Ghawar field. Iran's field is fresh and new, Ghawar is very old and in decline.
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[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott
" I'd rather have a trained monkey working for me than a nigger,"
Posted : 01/02/2006 8:15 pm
That suddenly puts Iraq in 3rd place, not long after they were telling us Iraq was #2
Posted : 02/02/2006 8:45 am
That suddenly puts Iraq in 3rd place, not long after they were telling us Iraq was #2
The order really isn't correct. Iraq and Iran have the most virgin unexplored territory of any major oil producers. Iran and Iraq are most probably the 1st and 2nd in terms of oil reserves, perhaps Russia is in their. But all 7 of Saudi Arabia's major fields are very old and growing weaker by the day. (Ghawar requires the forced injection of 7 million barrels of seawater to produce 4 million barrels of oil, once seawater starts showing up in producing wells, its dying ).
Late in 1988 , API ( amer. pet. inst. ) had a report saying that the northern Iraq Oil Fields are probably the world's largest. The article quietly slid down the memory hole.
The sharp fact is; the U.S. is deathly desperate for oil. The U.S. produces 7 million barrels a day and consumes over 22 million, a 15 million barrel deficit.
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[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott
" I'd rather have a trained monkey working for me than a nigger,"
Posted : 02/02/2006 11:15 am
It's estimated that Canada has the largest reserve. But, trying to squeeze oil from shale doesn't satisfy the American thirst for crude
Posted : 02/02/2006 1:43 pm
America's "National Debt" is owed to the Jew Federal Reserve, a private, foreign, for-profit corporation. 7 trillion dollars and counting, plus usurous interest, that we the people owe to the major jewish banking families for printing our money and loaning it to us, through the banking system, at 10% or more.
A nation that borrows its money is not in control of its own destiny.
It's a little more complex than this generalization, but not much more.
Rothschild, a London Banker, wrote a letter saying "It (Central Bank ) gives the National Bank almost complete control of national finance. The few who understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class... The great body of the people, mentally incapable of comprehending, will bear its burden without complaint, and perhaps without even suspecting that the system is inimical (contrary) to their interests." [The bankers created the legislation for the FED]
This itself is the very root of the collapse that is coming.
Once again, thanks jews.
Posted : 02/02/2006 8:57 pm
It's estimated that Canada has the largest reserve. But, trying to squeeze oil from shale doesn't satisfy the American thirst for crude
Much of this info , in the media, is false and just current fashion. The folks with the really massive reserves are the Venezuelans, with over 2 trillion barrels of oil in the Orinoco Tar Sand Deposit. If tar sand becomes the fuel of the future, Venezuela with be 10 Suadi Arabias ! ( plus the Venezuelan deposits are in the hot tropics where it will be easy to mine, whereas the Canadian Athabasca Deposits are in extremely cold areas where mining is very expensive )
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[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott
" I'd rather have a trained monkey working for me than a nigger,"
Posted : 17/02/2006 4:59 pm
The article on the Iranian Bourse posted above is dead on correct as far as it goes. The scenario presented is the BEST that we hope for in the near future. As I have written in another thread on this forum http://www.vnnforum.com/showthread.php?t=29785 , things could get a lot worse than the declining power of the dollar and the subsequent decline of our economy.
Will the ZOG-US/Israeli (ZUI) overlords let this happen without going to war? Not likely? Yes Germany is gaining in power and will do what it perceives to be in its best interest however jew-befuddled that may be and yes Iran hates and sees as its enemy...who? America--by which I mean you and me,us,the people residing in the ZOG-US remnant of our once great nation--or the Behemoth government in the District of Conquerors which oppresses us while creating enemies whom we will be expected to fight.
It is our job to make this distinction clear to the Iranian people and the other Muslim nations and to our white brothers in Germany, the EU and Russia who are even more befuddled and legally restrained by their jewish puppetmasters than we are here and most importantly to our own people here in America. God or Reason forbid that there ever be another Brother's War.
We, the true American people have no quarrel with Iran and they, if they could see the truth, have none with us. While it is true that the ZUI and the British have visited much suffering on Iran in the past, I believe that they would let that go by if we could reveal to them that it is the ZUI, falsely-enmasked as the American people, who are their real enemy and rid ourselves of this pernicious cabal of jewish overlords. Or perhaps they already know this and have given up hope that we will do anything about it and see us merely as "ZUI's willing executioners".
The Germans must have deep in their hearts some residual, justified hatred of us for what our fathers did to them in the 20th century. To that extent we must be loud and clear and successfull in the effort to expose the lies of the postwar court historians and the insidious holohoax lies that continue to defame the German people. We must act to rehabilitate the character of the German People, National Socialism and Adolph Hitler with an honest history of their roles in the 20th century madness. Their virtues and flaws,proud achievements and failures, the good and the bad must be spoken in truth as must the same be done for those who lead our fathers into those awful Brother's Wars. When we do this we can hopefully have a real reconciliation with Germany. Let not the sins of the fathers be visited upon the sons. And remember that the fathers themselves were mislead by the likes of St.Franklin,Morgenthau and the proto-ZOG usurpers in D.C.
see article on another thread http://www.vnnforum.com/showthread.php?p=352138&highlight=irmin#post352138
The coming decline in dollar power and its effect on our oil dependent way of life will be very unpleasant for us indeed. But war will be far, far worse. We must begin to adjust ourselves to those eventualities and take our place, still strong and powerful but not as a ZOG dominated menace, in a world of nations living as peacefully together as possible. After all, much of what appears to us as our real wealth is to some extent the result of the jewish Federal Reserve (Benjamin Solomon Bernanke),World Bank(Paul Wolfowitz) and the IMF scams and wars that have enabled the jews to steal both our own wealth and the wealth of other nations in our name while dribbling a portion down to us. We need to get back to the task of real wealth creation--through hard work and intelligence--which I am sure we could and would do if the means were not being exported to the third world by the jewish architects of globalism with the connivance of their white,traitorous corporate co-criminals.
I am not so naive to think that war can be eliminated from the repetoire of human behavior but we must recognize its horrible consequences and strive to avoid and minimize it to the extent that we can. The coming expansion of the so-called war on terror which seems to be inevitable is not. We can at least think clearly, see the the truth and scream at the top of our lungs--stop! We are not your enemy.
But we know who is.
The man who believes that he has free will is more easily controlled since he will never think to look for the chains--Burrhus
[color="Red"]The jews are a problem--not our ONLY or SOLE problem, not responsible for EVERY problem faced by gentiles, not some ALL-POWERFUL race that we shouldn't bother trying to resist, not an EXCUSE for avoiding responsibilty for problems of our own making --but nonetheless, A REAL, SERIOUS PROBLEM.--Burrhus
Posted : 18/02/2006 2:06 pm
In my previous post there was an error and I don't know how to edit it (could someone tell me how?).
In the second paragraph "Will the ZOG-US/Israeli (ZUI) overlords let this happen without going to war? Not likely?" there should not be a question mark after the word "likely". It should be a simple period.
The man who believes that he has free will is more easily controlled since he will never think to look for the chains--Burrhus
[color="Red"]The jews are a problem--not our ONLY or SOLE problem, not responsible for EVERY problem faced by gentiles, not some ALL-POWERFUL race that we shouldn't bother trying to resist, not an EXCUSE for avoiding responsibilty for problems of our own making --but nonetheless, A REAL, SERIOUS PROBLEM.--Burrhus
Posted : 18/02/2006 2:15 pm