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.
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." - James Madison