This is one of the reasons why Bush has "plans to attack IRAN"- Must Read

[cthrumatrix]

You have heard the term "follow the money". The attack on IRAN before
March of 2006 is no different. Iran is going to open the FIRST Oil Trading Market (in EURO's) March 2006. This is NOT GOOD for the US Dollar.

Many of you know that IRAQ changed from trading OIL in the $US to Euro's BEFORE he was attacked and other OPEC Countries have suggested the same....why?

Because the US Dollar is weak and getting weaker. The Iran Oil trading market has been known for some time. Bush will not "let this happen".
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Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse
by William R. Clark
(Friday August 05 2005)

Snip

In 2002 I wrote an award-winning online essay that asserted Saddam Hussein sealed his fate when he announced on September 2000 that Iraq was no longer going to accept dollars for oil being sold under the UN's Oil-for-Food program, and decided to switch to the euro as Iraq's oil export currency.<4> Indeed, my original pre-war hypothesis was validated in a Financial Times article dated June 5, 2003, which confirmed Iraqi oil sales returning to the international markets were once again denominated in U.S. dollars – not euros.


snip

Concerning Iran, recent articles have revealed active Pentagon planning for operations against its suspected nuclear facilities. While the publicly stated reasons for any such overt action will be premised as a consequence of Iran's nuclear ambitions, there are again unspoken macroeconomic drivers underlying the second stage of petrodollar warfare – Iran's upcoming oil bourse. (The word bourse refers to a stock exchange for securities trading, and is derived from the French stock exchange in Paris, the Federation Internationale des Bourses de Valeurs.)

In essence, Iran is about to commit a far greater "offense" than Saddam Hussein's conversion to the euro for Iraq's oil exports in the fall of 2000. Beginning in March 2006, the Tehran government has plans to begin competing with New York's NYMEX and London's IPE with respect to international oil trades – using a euro-based international oil-trading mechanism.<7> The proposed Iranian oil bourse signifies that without some sort of US intervention, the euro is going to establish a firm foothold in the international oil trade. Given U.S. debt levels and the stated neoconservative project of U.S. global domination, Tehran's objective constitutes an obvious encroachment on dollar supremacy in the crucial international oil market.

snip

Despite the complete absence of coverage from the five U.S. corporate media conglomerates, these foreign news stories suggest one of the Federal Reserve's nightmares may begin to unfold in the spring of 2006, when it appears that international buyers will have a choice of buying a barrel of oil for $60 dollars on the NYMEX and IPE - or purchase a barrel of oil for €45 - €50 euros via the Iranian Bourse. This assumes the euro maintains its current 20-25% appreciated value relative to the dollar – and assumes that some sort of US "intervention" is not launched against Iran. The upcoming bourse will introduce petrodollar versus petroeuro currency hedging, and fundamentally new dynamics to the biggest market in the world - global oil and gas trades. In essence, the U.S. will no longer be able to effortlessly expand credit via U.S. Treasury bills, and the dollar's demand/liquidity value will fall.

snip

http://usa.mediamonitors.net/content/view/full/17450

IF you don't think the world doesn't know what is going on...guess again.

China will not sit down and watch thier "oil connection" taken over.

PLEASE pass this on to your friends.

[Theduckno2]

1. It wasn't because of WMD's or that they hate our freedoms? Gee!

There was a similar posting earlier this week (probably page 19 now) and I was impressed with what Mr. Clarke had to say.
Recommended.

[Supersedeas]

21. and not because we want to spread democracy from here to yonder

[Kurovski]

29. You can't export that which you do not produce.

[BlueEyedSon]

2. Old story, it's one of the reasons we attacked Iraq.

(The other being impending Peak Oil)

Saddam was trading oil in euros.

[nashville_brook]

24. Clark has been adding to orig story which came out years ago

has a book out now!

[BuyingThyme]

3. I no longer buy in to theories which involve

Bush supposedly being concerned with the state of the U.S. economy. (Unless he's concerned about not being able to destroy it fast enough.)

[cthrumatrix]

4. we need to have people understand this and QUESTION BUSH about this

ask White House Officials about the Iran market...and watch their eyes.

[unrepuke]

10. Question Bush. I know how to do it = we camp out in a fire ant

infested ditch by the side of a road in the middle of Nowhere and 3 miles from him, braving 100 degree heat, rain, Rove's smear tactics and wait.

Works for me. :thumbsup:

[cthrumatrix]

11. the media "should have learned a lesson"...NOW they must demand

and answer before their families are involved in WWIII...thanks to more deception

[Doo_Revolution]

5. No kidding.

And this benefits who else but Israel and Pakistan.

Save the USA? Not even close, no chance at all. And Dick Cheney will be nuking Iran, he will not be invading it peacefully. That's the only way the Mossads will have it and that is exactly what is being set to go.

[CoffeeCat]

6. I'm wondering why Iran doesn't do this sooner?

Obviously, Iran understands that "using a euro-based international oil-trading mechanism" would enrage the United States.

They saw what happened to Saddam.

So...why are they announcing plans for this conversation one year out? Why make themselves sitting ducks for a year? They're only giving themselves one year for the neocons to plan and attack.

I believe what you're saying. However, I'm wondering why Iran doesn't do this sooner--when they know that their public plans to do this in the long run would leave themselves vulnerable to destruction by the United States?

[cthrumatrix]

8. It's a public market .... it takes time and approval ...it's 7 months away

it has been in the international news for over a year or so.

[Doo_Revolution]

9. Iran has set a trap.

In fact, the Mossad government who has overtaken the USA and whom is allied with Israel would like nothing more than to nuke Iran off the face of the map. Afterward all the oil fields will be secured.

Iran knows this directly, and has thus prepared for their "nuclear" attack whether in the USA or Israel itself.

That plan includes, having them "nuke" the wrong target while they prepare an outside installation, probably in northern Iran to Syrian border to nuke the USA followed by Israel. Iran does regular trading with Russia and Russia is likely involved. Iran wouldn't make itself a painted target, unless it was luring its prey into a trap. That is exactly how the Iranian military works.

[H2O Man]

7. Valuable information.

Thank you for posting it. I think that at the same time we oppose the Bush aggression in Iraq, we have to become far more informed about the growing conflict with Iran. Information like this is very important.

[izzie]

12. It was all out their. I read it long ago

Our money problems are in the dog house and Bush runs the countries like he did his owns businesses with other peoples money. It is like the whole country has no more aim than his war. Money and profits.He has done one thing right. Every one hates us and he did want to unite us.

[cthrumatrix]

13. IF the people knew.... there would be civil unrest for lies and deception

[Doo_Revolution]

14. Then spread the message farther and wider than ever before....

Wake up the millions, go on Current TV, and spread the news like fire.

[mwb970]

15. I thought we were going to attack Iran in June.

Is this like one of those "end of the world" cults? When the predicted event fails to occur, they usually "re-schedule" it for a future date.

And what happened to the August 6 "dirty bomb"? Also postponed?

Just asking.

[cthrumatrix]

17. you must be referring to Scott Ritter's assertion that Bush signed off on

"war plans" for Iran in June.

When do you think he signed off on war plans for Iraq??? I don't think it was a week before we invaded.

If anything the DSM's show that it was a done deal waaaaay before the lies even started.

[converted_democrat]

23. Okay......

Are you really trying to suggest that this administration has no plan to attack Iran? Please clarify what your saying.

[wli]

25. it was never 6 Aug

The date for the nuclear terrorism exercises were being guessed at (no idea by whom). It looks like 17 Aug is the real date.

[pointblank]

16. If you ask me..

The whole situation bils down to one thing..

The USA jockeying with China for control of the oil ...its all very behind the scenes and complicated, but the country that comes out with control of the oil, comes out on top basically.

Bush is a figurehead he isn't the brains behind the operations (obviously)...The military, big business and the real policy makers are the ones pushing this agenda.

I know this is not news, but if I had to make sense out of the mess that we are in, this is the most logical explanation.

Edited to add:

Iraq, Iran, Israel - all pawns in this game.

This is also why the govt. could really care less about domestic issues, the economy, gas prices at the pump...it doesn't really affect their agenda at all...The govt is NOT going to run out of money, so who cares if oil is $65 a barrel and the average American is not propspering, so long as we can get the oil to run our war machine readily....Thus the cozying up to Saudi Arabia.

What is funny and scary at the same time to me is the naivety of a lot of people , mostly on the repuke side, is that they ACTUALLY still believe that Iraq ia a humanitarian mission....FUCK THAT...it is to establish a stronghold and a launch pad in Asia..plain and simple.

You know, I have heard Saddam Hussein quoted as stating a story a story SIMILAR to mine, and as much of a fucking bastard he is, I think he is right.

[Puglover]

18. Does anyone think that

"Pootie Poot" is going to sit by and twiddle his thumbs while Bush Co takes Iran? I think that if they try anything like that Russia will either have to be complicit or we really will have WWIII for real.

[cthrumatrix]

19. the leaders of countries that "import oil" will not let the US invade Iran

based on lies....

The fate of world Oil is on the line .

[pointblank]

20. No

But the real issue is China now...They will not sit by and watch that happen.

Russia will simply be on their side, whetther publicly or behind the scenes.

[Redstone]

22. I'm not worried about an attack on Iran...

A mutiny by the US military would be almost certain. They're stretched just about to the breaking point already, and being told to invade Iran would make them snap. The frustration at the command level is palpable already, and is something unprecedented in US military history.

Redstone

[ElsewheresDaughter]

26. because Sharon ordered it back in 2003, "I want the US to go immediately

into Iran after Iraq"

[pointblank]

27. Well yes sir, Mr Sharon sir

Sheesh. Pretty bold statement if you ask me.

[cthrumatrix]

28. kick