The impending opening of the Iranian International Oil Bourse

Discussion in 'Politics' started by poncho, May 10, 2006.

  1. poncho

    poncho
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    The impending opening of the Iranian International Oil Bourse (IOB), set to commence trading next week on the island nation of Kish, strongly increases the chances of an imminent nuclear American-Israeli strike on Iranian nuclear and financial facilities. The electronic oil bourse, much discussed by terrorism expert Webster Tarpley, appears ready to launch in the coming weeks or even days. Because it will offer oil in euros, it may trigger the rapid collapse of the U.S. dollar.

    Over the past four days, the Western media has finally ended their blackout and acknowledged the possibility of an imminent dollar collapse, as gold reaches nearly $700 an ounce.

    On Friday, May 5, the Associated Press covered the oil bourse with their article “Iran wants oil market in Euros.” The article warns of a rapid decline in the dollar while feebly attempting to minimize the importance of the oil bourse.

    Nevertheless, the AP quotes a top Wall Street analyst who gives a far more realistic assessment: “But if one day the world's largest oil producers allowed, or worse demanded, euros for their barrels, ‘it would be the financial equivalent of a nuclear strike,’ said A.G. Edwards commodities analyst Bill O'Grady.

    ‘If OPEC decided they didn't want dollars anymore,’ he added, ‘it would signal an end of American hegemony by signaling an end to the dollar as the sole reserve currency status.’

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  2. KenH

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    Counter Point LINK
     
  3. poncho

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    Gold hit 700 dollars an once this afternoon. The dollar has been devalued 46% since 1999 according to the reports I've been hearing.
     
  4. KenH

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  5. poncho

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    Interesting that you would post an article by William Engdahl Ken.



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  6. KenH

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    Engdahl is not saying that the neocons don't want to attack Iran, just that this oil bourse won't be the reason.
     
  7. poncho

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    It's one of the many reasons given us Ken, the main reason now as always is the formation of a fuedalistic one world government. To that end America as a sovereign nation must cease to exist as all sovereign nations must do to attain this goal. The one thing we can be sure of is...whatever the reason or reasons the neocons want to attack Iran it won't be for the reasons they tell us. ;)

    [ May 10, 2006, 01:55 AM: Message edited by: poncho ]
     

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