Saturday, May 6, 2006 8:16 AM EDT
IRANIAN OIL BOURSE TO OPEN NEXT WEEK
For the first time, countries will be able to purchase Middle Eastern Oil with Euros instead of Dollars!
This is the final nail in the coffin for the U.S. Dollar.
In the past, all countries of the world were required to make their oil purchases using Dollars. This kept the demand for Dollars high and the value of the currency stable. No more.
Iran announced last year they were creating the Iranian Oil Bourse ( a type of commodities / mercantile Exchange) and would sell oil for Euros. If that happened, countries around thw world could dump their US Dollar holdings because they won’t need the Dollar anymore to buy oil.
As country after country begins to drop the dollar, the value of the dollar will fall – causing other countries to drop it too. As this cycle of Dollar-sell-offs feeds on itself, the U.S. Dollar will basically collapse into being worthless. That’s also why Gold has risen to $685. per ounce up $100 in the last 30 days!) the highest price in 25 years. Folks around the world are buying Gold because they know the U.S. Dollar is heading for collapse.
The U.S. knows this, which is why within just a day or two of Iran announcing the creation of their Oil Bourse, the U.S. started screaming about Iranian nuclear ambitions and threatening Iranian nuclear ambitions and possible “weapons of mass destruction.” As the opening of the Iranian Oil Bourse has gotten closer, U.S. threats against Iran have become increasingly militant.
It was originally thought the Iranians would open the Bourse on or about March 23, but there were glitches with the software and other technical or security issues, so the opening was delayed. We now find the Iran Oil Bourse will open next week. Let’s see if the U.S. Attacks Iran militarily before then.
If we attack, Iran has said it will close The “Strait of Homruz” which is the narrow waterway out of the Persian Gulf through which ALL Middle East Oil travels. If the Strait of Hormuz is closed, it will cut off ALL oil flow to the world. The price of oil could jump overnight to more than $100 a barrel; bringing U.S. Gasoline to $10+ per gallon — if you can get any.
Without oil, the entire U.S. economy will grind to a halt within seven to ten days. The end. No gasoline or fuel for trucks, no food being transported, supermarkets sell out, panic sets in, urban riots and societal collapse.
All of it brought to you by: The United States federal government and the elected officials YOU put there! Reminder: Revenge is a dish best served cold.
So as you’re sitting home with no electric because there’s no oil to generate it, andn you can’t drive anywhere because your car has no gas, I hope you take a walk over to your U.S. Congressmen’s private house and pay him back personally for wrecking your entire life. I can almost hear it now: the lovely sound of gunfire erupting all over the country as federal officials get assassinated by angry Americans. BANG! What a sweet sound!
By the way: The last country that tried to sell oil for Euros instead of Dollars was . . . . .Iraq. Are you starting to get the picture of what is really driving our wars and foreign policies? https://www.irna.ir/en/news/view/menu-237/0604263051192849.htm