Tuesday, January 17, 2006

A Bourse of Course

Thanks to Anonymous for the link.

"The Iranian government has finally developed the ultimate “nuclear” weapon that can swiftly destroy the financial system underpinning the American Empire. That weapon is the Iranian Oil Bourse slated to open in March 2006. It will be based on a euro-oil-trading mechanism that naturally implies payment for oil in Euro. In economic terms, this represents a much greater threat to the hegemony of the dollar than Saddam’s, because it will allow anyone willing either to buy or to sell oil for Euro to transact on the exchange, thus circumventing the U.S. dollar altogether. If so, then it is likely that almost everyone will eagerly adopt this euro oil system."

Read entire article.

4 comments:

Eva said...

I did'n know, it sounds interesting. We are convinced that the whole world is not interested in our old economies and our new currency. We are wrong, probably.
thanks,
Eva

Gerald Trumbule said...

Thanks for the comment, Eva. You are right, not too many (Americans) are noticing this, but there has been a recent increase in the international press coverage.

Byrne said...

Here are some blogs with articles/further comment/links on the subject uf the proposed Iranian Oil Bourse (amongst other pertinent subjects).

http://economicrot.blogspot.com/2006/01/iran-oil-bourse-and-euro.html
http://wakeupfromyourslumber.blogspot.com/
http://telecidal.blogspot.com/
http://prudentinvestor.blogspot.com/

I appreciate your publishing this important info.

Best Wishes from the UK
formerly Anon!)

Byrne said...

I see that they are already calling the Iranian oil Bourse a conspiracy!! LOL

See http://strategyunit.blogsome.com/2006/01/21/iran-crisis-another-war-for-oil-bourse-and-the-us-dollar/