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| Politics: Left, Right, and Center National, state, regional, and local politics. Who's doing what to whom, and what you can do about it. How-to-get-action messages are encouraged. "How the government fucked up my life" stories are encouraged. Sharing new methods for cheating on taxes is encouraged. Sample "letters to congresscritters" are encouraged. Apathy and "I can't do anything" posts are discouraged. Left, right, centrist, or any other form of political-economic systems are all up for discussion. Be prepared to defend yourself, or at least have a good line of bullshit ready. Extensive quoting of economists and philosophers is frowned upon. We want to hear what YOU have to say, not what some constipated, impotent, dead guy dreamt up while suffering from the DT's over a hundred years ago thought. |
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# 1
2007-04-24, 12:57
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Regular
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UK
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The petrodollar and The Iranian threat?
Iran has been trading in Euros with China since 2003 and has announced it will resume world oil trade in Euros very soon.
How do you think this will undermine the petrodollar and the US oil markets?
It is no secret that shortly before Iraq was named as a target it announced its oil trade will be resumed in Euros instead of dollars, meaning that the US would need to sell items to Europe in exchange for Euros to buy its oil as the US banks can nor print Euros.
Now we have a system where the US is able to buy from other nations, selling in Dollars and it can print its own currency, known as the petro dollar cycle, in the end the dollars get back to the US.
Also, how do you think ever since the Saudi deal that the world has coped with world oil trade, prior to this deal prices were as low as $2 a barrel and now look what we have.
Do you think it is a coincidence that Iraq, and now Iran have both been in the spot light a lot more, they seem to wedge Iran into every threat we hear now.......now that they have announced (like Iraq before) that they will sell in PetroEuro and not PetroDollar?
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# 2
2007-04-24, 15:20
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Regular
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Dallas, Texas/Cornell U
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Re: The petrodollar and The Iranian threat?
Another weakness in the dollar. Anybody still wondering why the stopped publishing M3?
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# 3
2007-04-24, 15:58
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Re: The petrodollar and The Iranian threat?
Maybe the reason we are concerned with Iran is because they are a terrorist state trying to build nuclear weapons?
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# 4
2007-04-24, 18:25
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Regular
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USA
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Re: The petrodollar and The Iranian threat?
Now that is some interesting info... links?
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# 5
2007-04-24, 18:49
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Regular
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Dallas, Texas/Cornell U
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Re: The petrodollar and The Iranian threat?
Ron Paul on the End of Dollar Hegemony
Quote:
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Originally Posted by Ron Paul, Consummate Badass
Our whole economic system depends on continuing the current monetary arrangement, which means recycling the dollar is crucial. Currently, we borrow over $700 billion every year from our gracious benefactors, who work hard and take our paper for their goods. Then we borrow all the money we need to secure the empire (DOD budget $450 billion) plus more. The military might we enjoy becomes the “backing” of our currency. There are no other countries that can challenge our military superiority, and therefore they have little choice but to accept the dollars we declare are today’s “gold.” This is why countries that challenge the system – like Iraq, Iran and Venezuela – become targets of our plans for regime change.
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In other words, the dollar is fucked if OPEC stops using petrodollars. If the dollar falls, so does America. Fiat currency strikes again. |
# 6
2007-04-24, 19:00
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Regular
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Northern Virginia
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Re: The petrodollar and The Iranian threat?
Quote:
Originally Posted by Zman
Maybe the reason we are concerned with Iran is because they are a terrorist state trying to build nuclear weapons?
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I hope you're being sarcastic.
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# 7
2007-04-24, 20:00
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Re: The petrodollar and The Iranian threat?
Um, so they aren't a terrorist state trying to build nuclear weapons?
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# 8
2007-04-24, 21:24
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Regular
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Dallas, Texas/Cornell U
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Re: The petrodollar and The Iranian threat?
Quote:
Originally Posted by Zman
Um, so they aren't a terrorist state trying to build nuclear weapons?
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If Iran is a terrorist state, considering just what the US has done to Iran, then the US is a terrorist state that HAS built nuclear weapons.
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# 9
2007-04-24, 21:53
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Re: The petrodollar and The Iranian threat?
So, how is a nuclear Iran good for the United States or the rest of the free world?
What exaclty have we done to Iran anyway?
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# 10
2007-04-24, 23:37
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Acolyte
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State of Confusion
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Re: The petrodollar and The Iranian threat?
Quote:
Originally Posted by Zman
So, how is a nuclear Iran good for the United States or the rest of the free world?
What exaclty have we done to Iran anyway?
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Well, for starters, under the Bush Senior Administration back in the early 90s, we helped Hussein's Iraq acquire and develop chemical weapons to use against Iran in combat.
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This thread continued for 9 pages in the real archive, 89 posts total - only page 1 survived here.
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The petrodollar and The Iranian threat?
