Iran & Russia agree to not use dollars for oil

[acptulsa]

In doing a quick google search, I get the impression that Iran's oil bourse was using Euros starting back in about 2005, so did it not happen until now?

And did you sleep through all of Dubya's and Cheney's warmongering and sabre rattling at that time? That was during the summer, was it not?

http://www.usatoday.com/news/washington/2005-08-13-bush-iran-nuclear_x.htm

All in all, I find it extraordinary what a positive impact euros and gold have on their nuclear program, and how much the petrodollar slows it down. Every time they seem content with accepting dollars for oil, their nuclear program magically ceases to be a threat of any kind.

Check also just when the two times Iraq and Libya threatened to drop the Petrodollar and what happened each time. Ian Fleming had a saying for this sort of thing: Once is happenstance; twice is coincidence; three times is enemy action. We're over half a dozen...

 

[heavenlyboy34]

God bless Ron Paul.

everybody should have read this by now:
http://www.lewrockwell.com/paul/paul303.html
"The End of Dollar Hegemony"

Or here it is being read on the house floor.

 

[Kuthreck]

If this truly is the reason, why is it never stated by Iran? (Or Whatever Country who wills to get off the US Dollar)

 

[specsaregood]

If this truly is the reason, why is it never stated by Iran? (Or Whatever Country who wills to get off the US Dollar)

How would you know?

 

[Dr_SCN]

If this truly is the reason, why is it never stated by Iran? (Or Whatever Country who wills to get off the US Dollar)

That's a good point. I wonder if anyone knows any good websites to read more about this? Is it true that Libya was going to leave the USD?

 

[anaconda]

Is this is big as it seems? Ben must be pissed.

 

[anaconda]

That's a good point. I wonder if anyone knows any good websites to read more about this? Is it true that Libya was going to leave the USD?

 

[nbruno322]

Agreed, that speech should be viewed by anyone who wants to understand how this works..

everybody should have read this by now:
http://www.lewrockwell.com/paul/paul303.html
"The End of Dollar Hegemony"

Or here it is being read on the house floor.

 

[RickyJ]

Is this is big as it seems? Ben must be pissed.

I don't think Ben minds this. He wants war too. They have planned for it for over one hundred years now.

 

[Warrior_of_Freedom]

Well maybe if we didn't keep threatening to kill them--just maybe they wouldn't have dropped the dollar.
/your friendly conspiracy theorist

 

[Kuthreck]

I understand the incentive to go to war because of protecting US Interests (Oil/Greenback) [Though I believe it is Wrong.]

But why is this not brought up if this is truly the reason? If they are being threatened and they will to be off the greenback why do they simply not state this as their goal?

 

[acptulsa]

Well maybe if we didn't keep threatening to kill them--just maybe they wouldn't have dropped the dollar.
/your friendly conspiracy theorist

Oh, come now. They aren't total monsters. Give them some credit. They don't kill anyone that does as they're told--much.

Hell, look at the Saudis. Nineteen hijackers led by a Saudi royal family member over here killing us by the thousands on 9/11 and do they get bombed? Hell no. They stick to the petrodollar like glue.

 

[jmdrake]

Iraq drops dollar and starts using euro in oil sales.
(October 31st, 2000): http://goo.gl/ihCes

Iraq war starts. Notably few European countries support war because they prefer oil to be traded in euro.
(March 20th, 2003): http://goo.gl/pVIJe

Iraq drops euro and starts using dollar in oil sales again.
(June 5th, 2003): http://goo.gl/3TdAu

Don't forget this:

http://thedailybell.com/2228/Gaddafi-Planned-Gold-Dinar-Now-Under-Attack.html

 

[jmdrake]

I understand the incentive to go to war because of protecting US Interests (Oil/Greenback) [Though I believe it is Wrong.]

But why is this not brought up if this is truly the reason? If they are being threatened and they will to be off the greenback why do they simply not state this as their goal?

Because many people in America and most people around the world wouldn't support the U.S. going to war to protect the oil/greenback especially when the biggest threat to the dollar is from internal pressure through the federal reserve.

Edit: Okay, I see you're point now. You're wondering why the Iranians aren't saying "we're being threatened because we're trying to get off the dollar". I don't know.

 

[jmdrake]

//

 

[Deborah K]

This plays right into what Ron said at his recent speech - a new world currency run by the U.N.

 

[acptulsa]

Because many people in America and most people around the world wouldn't support the U.S. going to war to protect the oil/greenback especially when the biggest threat to the dollar is from internal pressure through the federal reserve.

I mean come on. 'They'll deliver a nuke to your bedroom via UPS' isn't much of a credible threat, but at least it's a threat. Saying, 'If they abandon the petrodollar the rich bankers won't be able to print as many without making inflation so bad you can't stand it, so they might actually have to earn some money through productive means' is about as convincing as 'no, the financial system isn't really about to collapse, but we still want to borrow seven trillion (with a T) dollars from the Chinese and give them to the bankers so they can make their Bentley payments.' Just not a real hot selling point.

 

[Kuthreck]

Because many people in America and most people around the world wouldn't support the U.S. going to war to protect the oil/greenback especially when the biggest threat to the dollar is from internal pressure through the federal reserve.

Edit: Okay, I see you're point now. You're wondering why the Iranians aren't saying "we're being threatened because we're trying to get off the dollar". I don't know.

This is where I find it quizzical. I see this could be a reason (though not the only), why is it simply not stated?

 

[anaconda]

I mean come on. 'They'll deliver a nuke to your bedroom via UPS' isn't much of a credible threat, but at least it's a threat. Saying, 'If they abandon the petrodollar the rich bankers won't be able to print as many without making inflation so bad you can't stand it, so they might actually have to earn some money through productive means' is about as convincing as 'no, the financial system isn't really about to collapse, but we still want to borrow seven trillion (with a T) dollars from the Chinese and give them to the bankers so they can make their Bentley payments.' Just not a real hot selling point.

I think this sums things up quite nicely.^

 

[Dark_Horse_Rider]

U.S. imposes sanctions on major Chinese oil company. . .