woah woah woah....whats going on??
http://www.atimes.com/atimes/Middle_East/HC10Ak01.html
A counter argument to the iranian oil bourse hysteria and some good background reading. Not sure who to believe but this is a good read.
excerpt....
As Michael Hudson explains in his brilliant and too-little-studied work Super Imperialism, the perverse genius of the US global dollar hegemony was the realization, in the months after August 1971, that US power under a fiat dollar system was directly tied to the creation of dollar debt. The US debt and the trade deficit were not the "problem", they realized. They were the "solution".
The US could print endless quantities of dollars to pay for foreign imports of Toyotas, Hondas, BMWs or other goods in a system in which the trading partners of the United States, holding paper dollars for their exports, feared a dollar collapse enough to continue to support the dollar by buying US Treasury bonds and bills. In fact in the 30 years since abandoning gold exchange for paper dollars, the US dollars in reserve have risen by a whopping 2,500%, and the amount grows at double-digit rates today.
This system continued into the 1980s and 1990s unchallenged. US policy was one of crisis management coupled with skillful and coordinated projection of US military power. Japan in the 1980s, fearful of antagonizing its US nuclear-umbrella provider, bought endless volumes of US Treasury debt even though it lost a king's ransom in the process. It was a political, not an investment, decision.
This may have something to do with it...it was supposed to open today according to the below article.
http://www.presstv.ir/detail.aspx?id=37468§ionid=351020103
Further information about the ramifications about the oil Bourse
http://www.energybulletin.net/12125.html
From Earthfiles reporting on the 4th undersea fiber optic cable cut:
"Cause? With public communications cut off in Iran and other Middle East regions, a geopolitical speculation is that cutting major undersea fiber optic communication cables is deliberate sabotage before some unknown upcoming event in the Middle East or elsewhere."
IF this were the case, this would cut off all communications between our troops there with the mainland, and it MIGHT be a prelude to that "major event" the Neo-Cons are looking for to distract the Revolution; I think if these events occurred, the Revolution would be turning its eyes on Washington D.C.
Why isn't the Media reporting this?
When this news first broke, I was a little worried; however, time has passed and if this was the beginning of something big, that something big would have already happened. If it was intentional, then whatever purpose it was meant to serve has been served. Delay of the oil bourse? perhaps...
When this news first broke, I was a little worried; however, time has passed and if this was the beginning of something big, that something big would have already happened. If it was intentional, then whatever purpose it was meant to serve has been served. Delay of the oil bourse? perhaps...