March 02
Why our Government will attack Iran before March 20
On March 20- Iran will do what Iraq and Venezuela were PREVENTED from doing by U.S. Interference.
"On the start of the Iranian New Year- March 20, 2006 on our calendar, Iran intends to open its own commodity market for oil and gas. This new bourse will be similar to markets in NY and London with one critical exception...
Trades will be conducted in Euros, not dollars."
This is why Dick Cheney and the Bush administration are rushing to validate some kind of attack on Iran, not the supposed Nuclear capability. It's another red herring to prevent an Oil power from going Petro-Euro on the U.S.Dollar. Ever since Nixon refused to pay Gold in exchange for the Dollar, The American dollar has been been backed by an agreement with OPEC to price oil exclusively in U.S. Dollars. So in effect, Oil backed the U.S. dollar since that time.
This is one of the primary reasons Foreign countries like China have been hoarding U.S. Treasuries for the past 20 years. At this time last year, China was spending 7.8 million an hour, 187 million a day, buying U.S. treasuries and dollars and holds in excess of 120 Billion in U.S. treasuries, not to mention what the Saudis own as well.
This is the ONLY reason our economy HAS NOT Collapsed into a major recession for the past ten years. The foreign money has been propping up our economy as we rack up record National Debt and Trade deficits under the "Conservative" policies of the Bush administration.
Saddam threatened to pull the plug on the U.S. dollar in 2000 and we ousted him. Venezuela's ambassador spoke to Russia of doing the same in 2001. Within a year there was a coup attempt against Chavez, reputed to be supported by the CIA. The coup failed, but Chavez pulled back against moving to the Euro.
As Congressman (R) Ron Paul states in The End of The Dollar Hegemony :
Most Americans forget how our policies have systematically and needlessly antagonized the Iranians over the years. In 1953 the CIA helped overthrow a democratically elected president, Mohammed Mossadeqh, and install the authoritarian Shah, who was friendly to the U.S. The Iranians were still fuming over this when the hostages were seized in 1979. Our alliance with Saddam Hussein in his invasion of Iran in the early 1980s did not help matters, and obviously did not do much for our relationship with Saddam Hussein. The administration announcement in 2001 that Iran was part of the axis of evil didn’t do much to improve the diplomatic relationship between our two countries. Recent threats over nuclear power, while ignoring the fact that they are surrounded by countries with nuclear weapons, doesn’t seem to register with those who continue to provoke Iran. With what most Muslims perceive as our war against Islam, and this recent history, there’s little wonder why Iran might choose to harm America by undermining the dollar. Iran, like Iraq, has zero capability to attack us. But that didn’t stop us from turning Saddam Hussein into a modern day Hitler ready to take over the world. Now Iran, especially since she’s made plans for pricing oil in Euros, has been on the receiving end of a propaganda war not unlike that waged against Iraq before our invasion.
So, here we are, with Iran threatening to move against the already weakened U.S. Dollar. THOSE MANIACS! How dare they try to do business with Europe after America has been so good to them?
Our Diplomacy sucks.
Our administration's failure to USE Diplomacy at all could - ahem - be a factor.
So, it's go time- You Hillbillys and Neo-Tards can start waving the flags and chanting U.S.A. Because we will probably start bombing Iran soon- But don't pretend its' to Defeat terror or anything LIKE THAT. Its simply a stopgap measure to prevent the dollar from collapsing completely into insolvency.
Your Thoughts?
And Hello to everyone who came here from Crooks and Liars- C&L is the best conversation on the net.
UPDATE: Here's another bit of history concerning the U.S. Dollar ties to Oil, Iraq, and Iran
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