Posts
-- Ron Paul understands the issues very well. He understands that Iran's great crime is its very credible threat to U.S. dollar hegemony. The Iranian oil bourse has had a long and fitful history of rumored starts and expectations. But, in light of the unprecedented denial of access to the SWIFT transfer system, it's a "do or die" moment for Iran.
This is Iran's great crime. The issue is not the alleged pursuit of a nuclear weapon. It never has been. Just as so many of us established over four or five years, Saddam Hussein's great crime was that he intended to trade Iraqi oil in the then-viable Euro. -- MCR
March 20: Iranian Oil Bourse Will Start Trading Oil for Other Currencies than Dollar
19 February, 2012
“If the Washington/Tel Aviv-promoted hysteria is already at fever pitch, wait for March 20, when the Iranian oil bourse will start trading oil in other currencies apart from the US dollar, heralding the arrival of a new oil marker to be denominated in euro, yen, yuan, rupee or a basket of currencies.
Iran stops oil sales to British, French companies
Greek Default Exclusive: Senior US Bankers Given Explicit Timetable For Athens Default - March 23, 2012
Gas prices are highest ever for this time of year
Red Alert: Huge Plunge In Petroleum and Gasoline Usage, yet prices are up? Stock Market up?
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