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psilomonkey
Twisted brainwrong of a oneoff man mental

Registered: 08/08/03
Posts: 812
Loc: Airstrip One
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Iran's upcoming Euro Oil Bourse
#5348385 - 02/28/06 06:14 AM (17 years, 10 months ago) |
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I think this could make for some very 'interesting' times ahead.
Quote:
The Iranians are about to commit an "offense" far greater than Saddam Hussein's conversion to the euro of Iraq?s oil exports in the fall of 2000. Numerous articles have revealed Pentagon planning for operations against Iran as early as 2005. While the publicly stated reasons will be over Iran's nuclear ambitions, there are unspoken macroeconomic drivers explaining the Real Reasons regarding the 2nd stage of petrodollar warfare - Iran's upcoming euro-based oil Bourse.
http://www.energybulletin.net/2913.html
Quote:
The Laboratoire europ?en d?Anticipation Politique Europe 2020 (LEAP/E2020) now estimates to over 80% the probability that the week of March 20-26, 2006 will be the beginning of the most significant political crisis the world has known since the Fall of the Iron Curtain in 1989, together with an economic and financial crisis of a scope comparable with that of 1929. This last week of March 2006 will be the turning-point of a number of critical developments, resulting in an acceleration of all the factors leading to a major crisis, disregard any American or Israeli military intervention against Iran. In case such an intervention is conducted, the probability of a major crisis to start rises up to 100%, according to LEAP/E2020.
http://www.europe2020.org/en/section_global/150206.htm
Well I guess we don't have long to wait and see, like I said, interesting times.
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Kamek


Registered: 01/08/05
Posts: 2,923
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Re: Iran's upcoming Euro Oil Bourse [Re: psilomonkey]
#5348430 - 02/28/06 07:11 AM (17 years, 10 months ago) |
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I feel shit really has to go down sometime soon so afterwards things can start getting better
Personally i can't wait for something significant to happen which will wake the world up
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Prajna
ReliablyUnreliable


Registered: 10/08/05
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Re: Iran's upcoming Euro Oil Bourse [Re: psilomonkey]
#5350591 - 02/28/06 06:39 PM (17 years, 10 months ago) |
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People still have no idea that that's what all of this shit is REALLY about man. Thanks for bringing this up.
Fact is, America is very close to a complete failure of the dollar. Those who know the truth about all of this will understand what I am talking about...
Connect the dots people, research the economics behind 9/11 and see for yourselves how this "war on terror" is really a war to save the American Empire from crashing down.
American money, once severed from the gold standard was doomed to failure. American wealth depends on a marketing scheme that is based on oil being traded for American dollars. Without it, the whole house of cards comes tumbling down.
If you cannot destroy the leadership of Iran, and they are allowed to trade oil for a discounted Euro, then your economy is toast...
Sorry about your luck...
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d33p
Welcome to Violence

Registered: 07/12/03
Posts: 5,381
Loc: the shores of Tripoli
Last seen: 10 years, 8 months
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Re: Iran's upcoming Euro Oil Bourse [Re: Prajna]
#5350690 - 02/28/06 07:11 PM (17 years, 10 months ago) |
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You do realize that if we went down, we would be bringing you and quite a few other nations down with us....
-------------------- I'm a nihilist. Lets be friends. bang bang
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Catalysis
EtherealEngineer

Registered: 04/23/02
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Re: Iran's upcoming Euro Oil Bourse [Re: Prajna]
#5350740 - 02/28/06 07:31 PM (17 years, 10 months ago) |
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That is quite a simplified view of economics. There is no true difference in value between gold, paper, or information bytes. The only thing they have in common is that their value is determined by demand.
The truth is that the American dollar is roughly equivalent to the value of most other developed nations' currencies. That is, the dollar has about the same buying power in Europe as the Euro does. This means that income is similar in both countries when taking into account living costs. Part of this is because democracies inherently invest in other countries, spreading money and risk.
In the current international marketplace, a country's economy is really built on the value of the country itself. There is no point in spending trillions hoarding gold to represent your value when you already have value.
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Skeptikos
GeneticallyEngineeredBonobo

Registered: 01/15/06
Posts: 145
Loc: Rome, west side
Last seen: 15 years, 2 months
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Re: Iran's upcoming Euro Oil Bourse [Re: Catalysis]
#5350862 - 02/28/06 08:07 PM (17 years, 10 months ago) |
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Quote:
Catalysis said: There is no true difference in value between gold, paper, or information bytes. The only thing they have in common is that their value is determined by demand.
Not true, the gold supply is relatively inelastic, paper or electronic dollars can be created at will. Therein lies the danger of a fiat currency.
Quote:
In the current international marketplace, a country's economy is really built on the value of the country itself.
It seems that America's largest export is debt. Americans have their lowest savings rates since 1933. The U.S. government has a record debt. China and India are rising fast and actually PRODUCING goods as fast as America produces debt.
Quote:
There is no point in spending trillions hoarding gold to represent your value when you already have value.
My gold investments have been rising in value vs. the dollar. My investments in oil companies have been rising vs the dollar. What have your dollars been rising against?
It is short-sighted to believe that the current situation can continue indefinitely. There is no major power in history, that has avoided decline. There is no historical precedent for a country that continually goes deeper into debt as it's industrial base shrinks that has emerged economically unscathed.
The U.S. is dependent upon other countries to buy it's debt, the U.S. is dependent upon other countries using it's currency as the modern reserve currency. The U.S. is dependent on the Petro-dollar arrangements to maintain it's economic power. If the U.S. economy should go into a major recession and the country's ability to buy up exports from other countries should dry up, there will be no reason for other countries to continue to support the U.S. debt machine. The U.S. has made enemies the world over and they know all this.
-------------------- Sincerely, Skeptikos
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Annapurna1
liberal pussy

Registered: 05/21/02
Posts: 5,646
Loc: innsmouth..MA
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Re: Iran's upcoming Euro Oil Bourse [Re: Prajna]
#5350892 - 02/28/06 08:15 PM (17 years, 10 months ago) |
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Quote:
Prajna said: People still have no idea that that's what all of this shit is REALLY about man. Thanks for bringing this up.
Fact is, America is very close to a complete failure of the dollar. Those who know the truth about all of this will understand what I am talking about...
Connect the dots people, research the economics behind 9/11 and see for yourselves how this "war on terror" is really a war to save the American Empire from crashing down.
American money, once severed from the gold standard was doomed to failure. American wealth depends on a marketing scheme that is based on oil being traded for American dollars. Without it, the whole house of cards comes tumbling down.
If you cannot destroy the leadership of Iran, and they are allowed to trade oil for a discounted Euro, then your economy is toast...
Sorry about your luck...
"petroeuro theory" has also been offered as the real reason for invading iraq...it does sound quite plausible..and i have by no means ruled it out...but there is still one piece missing ..if this were the case..then there would have been no reason for the neocons to fabricate a "war on terror" (which might also include varying degrees of complicity in 9/11)..when they could have just as easily sold their war agenda by simply telling the truth..since the alternative is all-out famine...
--------------------
"anchor blocks counteract the process of pontiprobation..while omalean globes regulize the pressure"...
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wilshire
free radical


Registered: 05/11/05
Posts: 2,421
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Re: Iran's upcoming Euro Oil Bourse [Re: psilomonkey]
#5351123 - 02/28/06 09:05 PM (17 years, 10 months ago) |
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i don't know if iran plans to stop accepting the u.s. dollar and take euros for oil instead. i don't thint it matters that much. currencies can be exchanged pretty easily.
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Skeptikos
GeneticallyEngineeredBonobo

Registered: 01/15/06
Posts: 145
Loc: Rome, west side
Last seen: 15 years, 2 months
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Re: Iran's upcoming Euro Oil Bourse [Re: wilshire]
#5351145 - 02/28/06 09:13 PM (17 years, 10 months ago) |
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If the demand for dollars decreases, it matters very much. If the dollar declines in importance as a medium of exchange, there is less need to hold dollars. The less dollars held, the greater the supply. The greater the supply of a particular item, the less relative value attached to it. People like to unload items that are losing value, it is not wise to hold onto them.
-------------------- Sincerely, Skeptikos
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Kamek


Registered: 01/08/05
Posts: 2,923
Last seen: 8 months, 6 days
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Re: Iran's upcoming Euro Oil Bourse [Re: Skeptikos]
#5352053 - 03/01/06 02:11 AM (17 years, 10 months ago) |
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My economics teacher said it's not a question of if the dollar will fall, but a question of when it will fall.
He said it could happen tomorrow, but predicted it would probably happen within the next 5 years or so...
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J4S0N
human


Registered: 07/29/04
Posts: 284
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Re: Iran's upcoming Euro Oil Bourse [Re: psilomonkey]
#5352374 - 03/01/06 05:23 AM (17 years, 10 months ago) |
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OPEC bailed out the US economy by agreeing to only trade with American dollars. This happened after the dollar stopped being backed by a gold standard. Now Iran wants out of OPEC and wants to create its own Bourse. Lots of people are worried about war because of this. This happens at the end of this month. The dollar will drop. Both Russia and China have HUGE reserves of American dollars. Both countries also have a deal with Iran to supply their energy.
-------------------- "The Central Intelligence Agency owns everyone of any significance in the major media." ~ William Colby, Former Director, CIA
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wilshire
free radical


Registered: 05/11/05
Posts: 2,421
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Re: Iran's upcoming Euro Oil Bourse [Re: Skeptikos]
#5352600 - 03/01/06 08:10 AM (17 years, 10 months ago) |
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If the demand for dollars decreases, it matters very much.
why would this decrease the demand for the dollar?
the dollar is backed internationally by US exports, not iranian crude.
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Skeptikos
GeneticallyEngineeredBonobo

Registered: 01/15/06
Posts: 145
Loc: Rome, west side
Last seen: 15 years, 2 months
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Re: Iran's upcoming Euro Oil Bourse [Re: wilshire]
#5352679 - 03/01/06 08:40 AM (17 years, 10 months ago) |
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If I stop using dollars and only use Euros, the demand for dollars will drop (though imperceptibly on an international scale). Likewise, when major players in the world economy stop using dollars for major purchases or stop accepting them for purchases, the demand for dollars will drop. If a currency is not inherently valuable and gets it's value as a medium of exchange, when people decrease their use of it and hence their demand for it, the currency will drop in value.
The dollar is held up by it's exclusive use as the currency of crude petroleum purchases, and also by U.S. DEBT exports and purchases of foreign goods. U.S. imports of goods vs. exports of goods are at record levels and the purchases of U.S. debt by those who export to the U.S. in order to keep their goods being bought by Americans are at record levels. This is the major source of the U.S. trade deficit. This deficit which leftists and right-wing protectionists lament, is a symptom of a deeper problem, it is not the underlying problem. Hence, protectionism is the wrong remedy.
-------------------- Sincerely, Skeptikos
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Kamek


Registered: 01/08/05
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Re: Iran's upcoming Euro Oil Bourse [Re: wilshire]
#5352709 - 03/01/06 08:49 AM (17 years, 10 months ago) |
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never mind
I was going to say something similar but you beat me to it...
Edited by Paderas (03/01/06 08:51 AM)
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wilshire
free radical


Registered: 05/11/05
Posts: 2,421
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Re: Iran's upcoming Euro Oil Bourse [Re: Skeptikos]
#5352744 - 03/01/06 08:58 AM (17 years, 10 months ago) |
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The dollar is held up by it's exclusive use as the currency of crude petroleum purchases
no it isn't. like i said, the dollar is held up by US exports.
the american dollar is not backed by foreign crude. the only reason you can use a dollar to buy foreign crude is because that foreign crude producer knows he can spend dollars to buy american exports (or sell his dollar to someone else who knows the same thing).
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psilomonkey
Twisted brainwrong of a oneoff man mental

Registered: 08/08/03
Posts: 812
Loc: Airstrip One
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Re: Iran's upcoming Euro Oil Bourse [Re: wilshire]
#5352857 - 03/01/06 09:33 AM (17 years, 10 months ago) |
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The value of the dollar is based on how much people want dollars and how many dollars there are available, the old supply and demand.
You need dollars to buy American goods, American investment interests, and of course oil. If oil ceases to be exclusively traded in dollars the world needs less dollars and you have an over-supply situation. The laws of demand and supply will kick in.
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lonestar2004
Live to party,work to affordit.


Registered: 10/03/04
Posts: 8,978
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Re: Iran's upcoming Euro Oil Bourse [Re: wilshire]
#5352865 - 03/01/06 09:35 AM (17 years, 10 months ago) |
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This is all Hype.....i don't even think the dollar will fall after the Iranian Bourse.
In one day of London trading the market trades more than the entire oil market of Iran does all year.
-------------------- America's debt problem is a "sign of leadership failure" We have "reckless fiscal policies" America has a debt problem and a failure of leadership. Americans deserve better Barack Obama
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Kamek


Registered: 01/08/05
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Re: Iran's upcoming Euro Oil Bourse [Re: lonestar2004]
#5352873 - 03/01/06 09:38 AM (17 years, 10 months ago) |
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Other countries might follow Iran when it changes to Euro...
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lonestar2004
Live to party,work to affordit.


Registered: 10/03/04
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Re: Iran's upcoming Euro Oil Bourse [Re: psilomonkey]
#5352876 - 03/01/06 09:38 AM (17 years, 10 months ago) |
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are you predicting OPEC changing over to the Euro? or just Iran.
if all the oil nations drooped the dollar we would be in for a shock.
-------------------- America's debt problem is a "sign of leadership failure" We have "reckless fiscal policies" America has a debt problem and a failure of leadership. Americans deserve better Barack Obama
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Kamek


Registered: 01/08/05
Posts: 2,923
Last seen: 8 months, 6 days
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Re: Iran's upcoming Euro Oil Bourse [Re: lonestar2004]
#5352890 - 03/01/06 09:42 AM (17 years, 10 months ago) |
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Maybe some other countries that aren't too friendly with the US will follow Iran in changing to Euro...
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