The Black Vault

I found this off of something Lashmar posted in the Welcome section...

http://www.infowars.com/tehran-dumps-dollar-for-euro/

I'm not making any predictions, but we remember what happened when Saddam's Iraq did the same thing. If not...

http://www.youtube.com/watch?v=4s2EZc7c5AE

It is a different situation, of course, but the big boys of oil can't be happy about this move.

I expect another war soon with Iran.I see sanctions have started already.

Depends on how stupid Iran's leadership chooses to be about trying to produce nukes. It's hard to judge by Ahmadinejad, people are forgetting he's not the 'boss' of Iran. We haven't heard squat from Ayatollah Ali Khameini, the guy that actually runs things.

As we prepare for a barrage of anti-Iranian media spin, it would be good for anti-war activists to remember five basic facts:

One: There is absolutely no evidence that Iran is trying to develop a nuclear weapon.

Two: The U.S. has not discovered a “secret nuclear facility” in Iran.

Three: The recent Iranian tests of long-range missiles is a purely defensive exercise.

Four: Despite what we all have repeatedly heard, Iran's President Mahmoud Ahmadinejad does not deny the Holocaust.

Five: Iran has a lot of oil. A whole lot.

And the Russians and Chinese will not sit still and let the US simply take it.

You guys realize that they are already trading in Euro's, Yen and other major currencies since 2007.
The Iranian Oil Bourse was officially opened the beginning of 2008.
China has been paying in euros since 2006 or 2007 can't remember exactly which year they started. The Japanese back than agreed to it as well and would pay in yen's. The Russians where in discussions to buy in Rubels. At this point the oil being produced and sold in a variety of different currencies or primarily euros is oil derived for feed stock. That was the the first phase......

This is the second phase coming up.

The only way this will become a reality for the Iranians is if they can maintain a support that will back them up and not back down over political pressure coming from the US/West.

Thanks inja; that's good info. I knew they had been trading in other currencies, but I thought the move to start valuing the oil with euros instead of dollars was something worth mentioning.

inja wrote:The only way this will become a reality for the Iranians is if they can maintain a support that will back them up and not back down over political pressure coming from the US/West.

Any idea where that support would come from? Russia? China? Both?

timewarp wrote:As we prepare for a barrage of anti-Iranian media spin, it would be good for anti-war activists to remember five basic facts:

One: There is absolutely no evidence that Iran is trying to develop a nuclear weapon.

This may be true, but I would rather the evidence not be a mushroom cloud so should we just take their word for it?

timewarp wrote:Two: The U.S. has not discovered a “secret nuclear facility” in Iran.

Not to be a smart aleck, but if we had discovered one then it would cease to be a secret.

timewarp wrote:Three: The recent Iranian tests of long-range missiles is a purely defensive exercise.

Four: Despite what we all have repeatedly heard, Iran's President Mahmoud Ahmadinejad does not deny the Holocaust.

Five: Iran has a lot of oil. A whole lot.

And the Russians and Chinese will not sit still and let the US simply take it.

Three: see my response to point 1
Four: okay...but this would stop him from developing a nuclear weapon how?
Complete agreement on the rest.

gudskepteacal wrote:Thanks inja; that's good info. I knew they had been trading in other currencies, but I thought the move to start valuing the oil with euros instead of dollars was something worth mentioning.

inja wrote:The only way this will become a reality for the Iranians is if they can maintain a support that will back them up and not back down over political pressure coming from the US/West.

Any idea where that support would come from? Russia? China? Both?

It is definitely worth mentioning. Yup I think support will come from China and Russia. However support from India will play a big role as well and at this point they have openly stated that they would support Iran with this move. I also think the main support needs to come from OPEC. I guess this is who I was thinking of when I said that they need to not back down from political pressure coming from the US or West. This move on behalf of Iran has real potential to change the world. It will hurt the dollar, our economy etc. We can either do what we always do and be the big bully and find a good reason to end up in a war.............or maybe (big maybe of course) we might decide to see the light of day and choose to become independent from oil or at least cut down on the consumption of oil.

inja wrote:

gudskepteacal wrote:Thanks inja; that's good info. I knew they had been trading in other currencies, but I thought the move to start valuing the oil with euros instead of dollars was something worth mentioning.

inja wrote:The only way this will become a reality for the Iranians is if they can maintain a support that will back them up and not back down over political pressure coming from the US/West.

Any idea where that support would come from? Russia? China? Both?

It is definitely worth mentioning. Yup I think support will come from China and Russia. However support from India will play a big role as well and at this point they have openly stated that they would support Iran with this move. I also think the main support needs to come from OPEC. I guess this is who I was thinking of when I said that they need to not back down from political pressure coming from the US or West. This move on behalf of Iran has real potential to change the world. It will hurt the dollar, our economy etc. We can either do what we always do and be the big bully and find a good reason to end up in a war.............or maybe (big maybe of course) we might decide to see the light of day and choose to become independent from oil or at least cut down on the consumption of oil.

Smart woman are sexy

http://www.feasta.org/documents/papers/oil1.htm

MonarchSmile wrote:
http://www.feasta.org/documents/papers/oil1.htm

That article goes of course in greater detail than I did...but my line of thought is right in line with what it states.

I said it years ago and I pretty much still am of the same opinion. Power is like a seesaw and it eventually swaps hands. Who is the next runner up if the US prefers to remain with it's old strategy. I think it is becoming increasingly outdated.
Military might is not necessarily the definite winner in today's world.

MonarchSmile wrote:Smart woman are sexy

http://www.feasta.org/documents/papers/oil1.htm

Now that's what I'm talking about! ON TOPIC
Good job MS!!

inja wrote:Military might is not necessarily the definite winner in today's world.

Are you referring to financial might or the international court of public opinion maybe?