Emerging Euro-denominated Intern'l Oil Marker

[katty]

cont'd: http://globalresearch.ca/articles/CLA410A.html

The Real Reasons Why Iran is the Next Target:
The Emerging Euro-denominated International Oil Marker
by William Clark
www.globalresearch.ca 27 October 2004

The URL of this article is: http://globalresearch.ca/articles/CLA410A.html

The Iranians are about to commit an "offense" far greater than Saddam Hussein's conversion to the euro of Iraq’s oil exports in the fall of 2000. Numerous articles have revealed Pentagon planning for operations against Iran as early as 2005. While the publicly stated reasons will be over Iran's nuclear ambitions, there are unspoken macroeconomic drivers explaining the Real Reasons regarding the 2nd stage of petrodollar warfare - Iran's upcoming euro-based oil Bourse.

In 2005-2006, The Tehran government has a developed a plan to begin competing with New York's NYMEX and London's IPE with respect to international oil trades - using a euro-denominated international oil-trading mechanism. This means that without some form of US intervention, the euro is going to establish a firm foothold in the international oil trade. Given U.S. debt levels and the stated neoconservative project for U.S. global domination, Tehran's objective constitutes an obvious encroachment on U.S. dollar supremacy in the international oil market

"Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes...known instruments for bringing the many under the domination of the few. . . No nation could preserve its freedom in the midst of continual warfare."

- James Madison, Political Observations, 1795

Madison’s words of wisdom should be carefully considered by the American people and world community. The rapidly deteriorating situation on the ground in Iraq portends an even direr situation for American soldiers and the People of the world community - should the Bush administration pursue their strategy regarding Iran. Current geopolitical tensions between the United States and Iran extend beyond the publicly stated concerns regarding Iran’s nuclear intentions, and likely include a proposed Iranian "petroeuro system" for oil trade.

[Minnesota Libra]

1. FINALLY - someone is telling the real truth but.........

.....what most people haven't caught on to yet is what happens when a country like China goes and switches to the euro? It's not like we can send in an Army and send them spiraling into a civil war like we have Iraq and will later try to do to Iran. What then??

[BlueEyedSon]

2. China cant "switch to the euro"

[ixion]

4. no, but they could stop loaning us 2bln a day

which would have a negative affect as well.

[BlueEyedSon]

5. Different scenario

[katty]

3. nope-PNAC wants NO competition?! Well, good luck, fools!

[cliss]

6. I'm just wondering.....

I've read that the US is ready to declare war on anybody who even thinks about ditching the Petrodollar for the Eurodollar.

The Iranians are supposedly going to open an oil bourse in late March.....about 4 weeks away. I've read that the US will drop a nuclear bomb on Teheran if they do that.

But let's look at recent events.

1)Look at this idiotic, stupid Ports deal that has got people really riled up and upset. People are hopping mad. Interesting timing? This Ports deal has been known for a while; why did they drop it on the Americans just now?

2) Iraq is in flames, as we speak. One of the most holy mosques was bombed this week. Iraq is sitting on the verge of Civil War. Karl Rove came out today and said (about the bombing), "It's a good thing". Jaafari came out and said the bombing was suspicious. It looked like it was done by "pros".

Is anybody else suspicious about this?