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In a nutshell: Iran, Oil and Euros

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TAPat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 08:34 AM
Original message
In a nutshell: Iran, Oil and Euros
Edited on Fri Mar-10-06 08:44 AM by TAPat
Although I don't necessarily agree with the idea in this article that the * Administration is too st*pid to see the financial writing on the wall, it is a concise overview of the situation.

http://www.arabnews.com/?m=2&d=21&y=2006

On edit: new link - third story down on right-hand side
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NMDemDist2 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 08:39 AM
Response to Original message
1. which article? n/t
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TAPat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 08:44 AM
Response to Reply #1
2. Sorry! Bad Link!
Here's one that works - it's the third story down in the right-hand column.
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RufusEarl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 09:01 AM
Response to Reply #2
4. Try this link
It covers the Iran oil bourse, and other topics about nuclear attacks on Iran.


http://www.globalresearch.ca/index.php?context=viewArti...
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TAPat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 09:09 AM
Response to Reply #4
6. Thanks - Interesting Reading and
it brought to mind my feelings about Ms. Plame's "outing" and the growing excuses for going after Iran - http://www.thewashingtonnote.com/archives/001246.php
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RufusEarl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 09:25 AM
Response to Reply #6
7. Very interesting indeed,
did you notice the date? The article mentioned March 28, 2006 for the attack on Iran, thats a couple of weeks away. Of course it also mentioned June 2005 as a possible date to invade Iran, and of course that didn't happen. We can always hope that they got it all wrong, but i doubt it.
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KurtNYC Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 08:49 AM
Response to Original message
3. Even if the administration is too stupid why aren't dollar
futures falling like a stone? Can 1000s of currency traders be stupid also?


Euro vs. dollar near steady and euro fallen back from a high of $1.35
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ret5hd Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 10:10 AM
Response to Reply #3
9. i think this might answer your question...
http://www.daanspeak.com/InterviewMiddelkoop01Eng.html

in short, the u.s. fed has set up (unregulated) hedge funds in the caymen islands whose sole purpose is to buy u.s. treasury notes.
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NMDemDist2 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 09:07 AM
Response to Original message
5. thanks for the new link K&N as an easy explaination of the new bourse. n/t
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spinbaby Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 09:35 AM
Response to Original message
8. Thank you for that
This is the best article on the subject that I've found.
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truth2power Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 10:56 AM
Response to Original message
10. From the article...
http://www.arabnews.com/?page=7 ion=0&article=78138&d=21&m=2&y=2006

"In order to believe that the US government is planning an attack on Iran to head off the challenge to the dollar that a euro-based Iranian oil bourse would represent, you must first believe that the Bush administration actually worries about such things, and there is little proof that it does. It certainly should, but if it truly did, would it have pushed through the biggest tax cuts in American history? The Bush administration is reckless enough to contemplate an attack on Iran, but it is too ignorant about fiscal and monetary matters to worry about such esoteric matters as the potential connections between a shift to euros in the oil market, foreign investor confidence in the US dollar, and the sustainability of the massive US budget and trade deficits. As Vice President Dick Cheney said to former Treasury Secretary Paul ONeill when the latter protested over the huge Bush tax cuts (an issue on which he later resigned): Ronald Reagan proved that budget deficits dont matter. "

"If the US does attack Iran, it will be for other motives." (emphasis added)


So, if it's not about the bourse, and it's not REALLY about nukes (seeing as how there's no evidence Iran has, or can produce, nuclear weapons anytime soon), then what is the motive? :shrug:
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TAPat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 12:53 PM
Response to Reply #10
11. Good question! nt
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