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Mix-Ansicht- Iranische Ã-lbörse(auf Euro) soll im März eröffnet werden, desshalb der Zeitdruck - André, 29.01.2006, 14:52
Iranische Ã-lbörse(auf Euro) soll im März eröffnet werden, desshalb der Zeitdruck
-->THE IRAN THREAT
The bigger threats in my view are two-fold. The real nuclear threat might be from Russia in defense of Iran, if attacked. Last summer, Russian President Putin promised a military response to any outside aggression against Iran. This creates a standoff with the United States, and helps to explain why the USGovt has appealed to the for UN sanctions. Let it be known that when it came to Iraq, the USGovt leaders proclaimed the extreme irrelevance and corruption of the United Nations generally. Now the UN is critical to US interests? No way! In my view, the US is hamstrung and frustrated to respond to Iran, which is working with Russia on nuclear technology. Last March 2005, Putin promised that Russian processor plants would treat all spent nuke plant fuel, to assure that any weapons grade material would not fall into Iranian hands. That gesture seemed to defuse the entire Iran problem for the entire spring, summer, and autumn. So why is Iran suddenly so important? That is an easy question to answer, at least for those who are naturally suspicious.
The Iranian Oil Exchange opens for business in March, to sell oil in euro currency denomination. That is what! Iran intends to do what Saddam did, to sell oil for euros and to undermine the US-centric world banking system.This is so strange. Ben Laden pronouncements identified the financial vulnerability of the West, yet when a choke point is threatened, nobody seems aware of it.
My contacts in Zurich inform me of recent pressure by banks to shut down Iranian bank accounts. So a nuclear problem in Iran has seen a bank response. Bull. The proper viewpoint is that Iran represents an assault on the banking system, so a bank response was the first volley. Naturally, since the real threat is to the Petro-Dollar. By accepting euros in transactions to sell oil, and soon natural gas and more, once again the world banking system superstructure is shaken. The year 2006 will go down as the one when the USDollar lost its tight grip on the commercial transaction world.
THE DEFACTO USDOLLAR OIL STANDARD
Let’s back track a bit. In 1945, the world embraced a USDollar Gold Standard. Not labeled as such, the 1971 abandonment of the Bretton Woods agreement by Richard Nixon represented a US Treasury default. Charles DeGaulle demanded gold for the seemingly minor trade surplus that France enjoyed bilaterally with the United States. Nixon basically said “F.U.” to France, and told him to go eat our USTB paper rather than to wallow in our gold. The US then began to enjoy the extreme benefits of a world financial system which catered to our debt production. Sadly, the biggest exports out of the USEconomy these past few years are jobs and debt securities. After the Arab oil embargo in 1973, the world put in place a defacto USDollar oil standard. That is the important point. The USDollar has a defacto backing which receives far too little publicity. The US-Saudi security alliance has sealed the Petro-Dollar standard. The USDollar is not backed by oil. Oil is backed by the USDollar via that alliance. If anything, the USDollar is nowadays backed by a powerful military and permission to have access to the US marketplace, i.e. shopping malls, retail chains, and car dealer showrooms.
The Petro-Dollar meant the Persian Gulf oil producers would recycle their oil revenues into the US financial system, bonds and stocks, even real estate property. The Petro-Dollar system meant the US Military would protect the Arab sheikdoms and their royal governments. The Petro-Dollar system also meant that global nations would accumulate US Treasurys to pay for large oil transactions. The world banking system, and in particular the central bank currency reserves system, would be US$-centric.
The Iranian Oil Exchange challenges the Petro-Dollar. This time it is different. Iran ain't Iraq. Iran has two big friends who have a good memory of recent heavy-handed dealings. When the United States invaded Iraq, established the reconstruction, and began to install a new government, it did so with little resistance. In the process two big events took place, not mentioned much by the lapdog US press & media. Russia got screwed out of multiple billion$ in Iraqi debt. China got screwed out of multiple billion$ in large contracts for Iraqi oil.
aus financial sense
<ul> ~ Quelle</ul>
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