Iran presses ahead with dollar attack

[lovuian]

http://www.telegraph.co.uk/finance/commodities/9077600/Iran-presses-ahead-with-dollar-attack.html

Last week, the Tehran Times noted that the Iranian oil bourse will start trading oil in currencies other than the dollar from March 20.
India is already in talks with Iran over how it can pay for its oil in rupees.

Even more surprisingly, reports have suggested that India is even considering paying for its oil in gold bullion. However, it is more likely that the country will pay in rupees, a currency that is not freely convertible.

[truth2power]

1. This is what it's about. Not nuclear weapons at all. As it was with Ghaddafi

(pan African bank) and with Saddam.

Follow the money.

[a simple pattern]

2. Well, shit.

Here we go again.

[mahina]

3. So, will it still be valued in dollars?

Oh I'd better read the article!

[msongs]

4. Iran defending itself against the bully in DC nt

[Citizen Worker]

5. This should remove any doubt that an attack on Iran is imminent.

[magical thyme]

6. bingo

you beat me to it. As I recall, that's what got Saddam in trouble.

[truth2power]

7. re: "dollar attack". A little story...

I've posted this here before. In November, 2002, I took a flight to Tampa to visit a friend of mine. During the flight the man seated next to me, perhaps in his 30's or so, struck up a conversation.

He told me that he was in the military and that he was a "mechanic". Don't mechanics "fix" things? Or maybe I'm overthinking it. Anyway, he said he was traveling to Tampa to visit an elderly aunt (I'm not making this up). That CENTCOM is in Tampa is of no consequence, I suppose.

We got to talking about Iraq and I told him I was opposed to the US going to war there. At the time, I wasn't nearly as knowledgeable about US meddling in the ME generally, so I think I did a rather poor job of supporting my anti-war position.

The point is that out of the blue he said to me, "We've got to protect our economy." What an odd thing to say, at a time when all that everyone was talking about was WMD's, bringing Democracy, and other BS propaganda designed to ginn up the war.

As I recall, I was rendered speechless by that statement. I had no idea what he meant, and why I didn't just say, "What are you talking about?" I truly don't know.

Was that person MI? Who can say? But I often reflect on that encounter and I know that that's what it's been about all along. And what it's still about.

As they say, "Follow the money."

[Dreamer Tatum]

8. I was in line at the grocery store behind someone in MI.

It was a long line, so he told me pretty much anything I wanted to know about geopolitics and Black Ops role therein.
It was really eye-opening, so now whenever I meet anyone in military intelligence, I make it a point to download with them.
You learn a lot about how things really are. I highly recommend it.

[truth2power]

10. I'd like to hear some of what he told you...

although it's probably nothing we don't already know. And you won't hear about the really black-ops stuff.

[Zalatix]

9. Iran is shooting the whole middle East in the foot.

If this triggers a devaluation of the US dollar then Iran's neighbors will see a drop in oil consumption in America. We simply won't be able to afford it. We'll be forced to switch to alternative fuels and the entire Middle East economy could be irreparably damaged. Their major export is oil and the US is a big enough market that when we slow down, they go bust.