Beating Around the Bush By the Bourse

[seafan]

Tip of the hat to Smirking Chimp for finding this article.

It explains clearly why * is pushing to attack Iran... the dollar, used as global currency to purchase OPEC oil, is in danger from the upcoming Iranian switch to the euro as the accepted currency to purchase OPEC oil. This is what Karen Kwiatkowski talked about as one of the original reasons * attacked Iraq... Saddam intended to start selling his oil in euros.

We are in Iraq because Bush, Cheney and their neoconservative advisors wanted regional bases outside of Saudi Arabia – a courtesy to our friends in the House of Saud, or possibly an opening for a later assault on their eastern oil fields. We are in Iraq because any post-sanctions trade environment under Saddam Hussein would have shut United States and United Kingdom companies completely out, in favor of Asian, Russian and European companies. Establishmentarians in Washington sought to avoid this terrible tragedy. That Saddam Hussein had long before 9-11 decided to sell his oil for euros instead of dollars was something Bush quickly corrected in May 2003 with a simple executive order. ---Karen Kwiatkowski, October 12, 2004

http://militaryweek.com/kk101204.shtml

On March 20, 2006, Iran will start selling oil in euros.

The 3-year anniversary date of the Iraq invasion

http://en.wikipedia.org/wiki/2003_invasion_of_Iraq





Beating Around the Bush By the Bourse

by Ingmar Lee

bourse / /n. (also Bourse) a stock exchange, esp. in Europe. ~Canadian Oxford Dictionary

Only bimbos believed Bush when he said it was WMD's that made him attack, invade, occupy and massacre Iraq. Most of us thought it was to steal Iraq's oil, but we were only partly right. What totally terrorized the tyrannical Texan tycoon was when Saddam played the oil bourse card in November, 2000. When Saddam started selling Iraqi oil in euro's, he jeopardized greenback hegemony as the world's supreme foreign exchange transaction currency. If this brilliant idea catches on, it will trigger the total collapse of the USA economy. The oil grab is a sideshow. The main feature is the oil bourse.

The Neocon global domination agenda is engendered by the denomination of global oil transactions in greenbacks. America prints out the bucks that are required for the purchase of oil, and the world has to produce stuff they can sell to get the bucks they need to buy oil. Printing Monopoly 'fiat' money only costs America the paper and green ink, so the USA dollar has been fattened on oil-enriched chicken feed since Tricky Dick delinked the buck from the bullion. The oil bourse scheme could so seriously setback US suzerainty that Saddam got stomped to smithereens. Krassimir Petrov, who teaches international finance in Bulgaria's American University, warns "should the Iranian Oil Bourse gain momentum, it will be eagerly embraced by major economic powers and will precipitate the demise of the dollar." Saddam was just the first wavelet in the coming tsunami. On March 20, 2006, Iran will start selling oil in euros.

snip

Here's the Neocons worst nightmare:

China has more than $800 billion reserved in a giant stack of basically green, ink-smeared paper. When Iran starts selling its oil in euros, why wouldn't China just go ahead and convert that stack of paper to euros and use real money to buy oil instead? In January 2002, Canada unloaded nearly 20% of its gold stocks in exchange for euros, thereby bringing its euro holdings to the equivalent of about US$14 billion. That's about 42 percent of the total US$33 billion in foreign deposits and securities held by the government. Just 2 years previous, euros accounted for the equivalent of about US$7 billion of Canada's reserves, only 23 percent of the total. The gold sale reduced Canada's U.S. dollar share to 55 percent from 75 percent. Under Hugo Chavez, Venezuela is brokering barter deals for trading oil with 12 Latin American countries thereby cutting out the USA cut. At the OPEC summit in September 2000, Chavez delivered the report of the "International Seminar on the Future of Energy." One of its key recommendations was that "OPEC take advantage of high-tech electronic barter and bi-lateral exchanges of its oil with its developing country customers." That would be the end of dollar hegemony over OPEC oil transactions.

The War Resisters League calculates that the cost of the US military runs about $643 billion annually. This obscene military expenditure, which supercedes the total of all other combined global military expenditures, is responsible for 80% of the American debt. When the world stops propping up the debt-ridden USA dollar, that will end the Neocon global domination project and the world's worst terrorist menace. This much, "W" clearly understands, and so too, apparently, do his quisling war-mongering Democrat counterparts. The Neocon oil-mens cabal has an even clearer understanding of Peak Oil, and its equally ominous implications for the American economy. This quote from Investment Banker Matthew Simmons—a key advisor to the Bush Administration and Cheney's 2001 Energy Task Force and the Council on Foreign Relations: "What peaking does mean, in energy terms, is that once you've peaked, further growth in supply, is over. Peaking is generally, also, a relatively quick transition to a relatively serious decline at least on a basin by basin basis. And the issue then, is the world's biggest serious question."

In this horrific context, it's not too difficult to understand why the Bush Neocon cabal is preparing to risk all to go on a global oil-stealing spree, and to attack Iran, perhaps even with nukes.

snip

http://www.altpr.org/modules.php?op=modload&name=News&file=article&sid=589&mode=thread&order=0&thold=0



2006 will be a turning point for this planet. The outcome remains to be seen. We hope.

[dweller]

1. gee, they aren't mentioning this

on the Corporate Owned Media at all.


go figure.
dp

[windbreeze]

2. right about the same time...

they are going to quit publicly reporting the M3....
windbreeze