The threat from Iran

[txaslftist]

Iran is proposing to develop something far more threatening to Bush interests than nuclear capability, WMD's, or even terrorists. According to an interesting article by William Clark, Iran has been planning to set up an international oil exchange denominated in the Euro currency. What needs to be understood is that if the world begins to primarily price crude in Euro, America will suffer as a net importer of the product, which incidentally will harm American corporate profits. The Iranian example as argued by Clark will be just like many US wars in the past. As Smedley Butler argued war is essentially the ultimate form of corporate welfare.

The world is starting to ask the important question of why should we hedge oil with dollars instead of the more valuable euro? Iraq talked about it. Iran now is talking about it. Russia's hinting at it. Why does this development have the US government and its special interests all in a tizzy? Well to put it simply the entire corporate warfare state is at stake. If the dollar collapses, inevitibly so does the American empire and the free ride it has been enjoying on the rest of the world.

[HereSince1628]

1. Don't you think China would prevent this?

China is now the second largest consumer of oil, it owns an awfully lot of US Treasury notes. Don't they get punished if this happens? Would they tolerate that?

[txaslftist]

4. Gotta think the Europeans would love it, though.

Prolly an effective brake on the Chinese

[HereSince1628]

7. I'm sure the europeans would like the euro to have such a role

If we bomb Iran I can see something like that happening. Probably a good brake on US too.

[tatertop]

9. Could be a perfect op for China and Iran to punch us up

You know they want to. You know we have it coming to us.
How much of an ecomonic assault could the US withstand at this point?
Isn't a weak US in the best interest of most nations at this point?

[tompayne1]

2. the euro will fall

Soon.

[The_Casual_Observer]

3. They are sure to be attacked now. Nukes is one thing, but

that kind of threat is unacceptable.

[doublethink]

5. The Iran Oil Bourse is scheduled to go online in March 2006.

Watch the war drums from the Bush administration get louder in this time frame. Peace.

[txaslftist]

8. No wonder Bush was catapulting the propaganda today.

[doublethink]

10. I missed his speech today ........

I can't take too many more from him. It was way too early in the day for a beer, so I passed. Seems that's the only way I can handle his B.S. anymore, Peace :)

[txaslftist]

11. "We make no distinctions between the terrorists and the ...

... regimes that harbor them" was combined with "Iran and Syria have a long history of harboring terrorists"

Not sure if that's an exact quote, but close enough for Gummint work.

[tatertop]

6. Iran needs to do that very thing. Soon.

[radwriter0555]

12. The euro news is filled with blair making a connection between iran & the

train bombings and some mysterious connection to iraq....

I honestly don't get this connection, it's utter and COMPLETE bullshit.

[mmonk]

13. Yeah, this is what

our foreign policy is really all about. American global hegemony is the ideology of the neocons through military force and bases. The threat is euro dominated oil trade and reserve currency. This is what it's all been about, just cloaked in the "war on terror".