The Proposed Iranian Oil Bourse

[Hal4511]

Could this be the reason someone is cutting the cables ??? Just a thought ...

Read Part II

The Iranian government has finally developed the ultimate “nuclear” weapon that can swiftly destroy the financial system underpinning the American Empire. That weapon is the Iranian Oil Bourse slated to open in March 2006. It will be based on a euro-oil-trading mechanism that naturally implies payment for oil in Euro. In economic terms, this represents a much greater threat to the hegemony of the dollar than Saddam’s, because it will allow anyone willing either to buy or to sell oil for Euro to transact on the exchange, thus circumventing the U.S. dollar altogether. If so, then it is likely that almost everyone will eagerly adopt this euro oil system:


http://www.energybulletin.net/12125.html

[heybales219]

Wow Hal, you sure have a knack for trying to connect stories where there is absolutely no connection. :tinfoil

[robertwood9966]

Did you bother to read the entire article ? If you did you will understand that the new Iranian bourse could easily undermine the dollar replacing it with the euro. I would say that the disruption of the internet and the opening of the Iranian bourse could have a LOT to do with each other.



Bourse definition:

A stock exchange, share market or bourse is a corporation or mutual organization which provides facilities for stock brokers and traders, to trade company stocks and other securities. Stock exchanges also provide facilities for the issue and redemption of securities as well as other financial instruments and capital events including the payment of income and dividends. The securities traded on a stock exchange include: shares issued by companies, unit trusts and other pooled investment products and bonds. To be able to trade a security on a certain stock exchange, it has to be listed there. Usually there is a central location at least for recordkeeping, but trade is less and less linked to such a physical place, as modern markets are electronic networks, which gives them advantages of speed and cost of transactions. Trade on an exchange is by members only. The initial offering of stocks and bonds to investors is by definition done in the primary market and subsequent trading is done in the secondary market. A stock exchange is often the most important component of a stock market. Supply and demand in stock markets is driven by various factors which, as in all free markets, affect the price of stocks (see stock valuation).

There is usually no compulsion to issue stock via the stock exchange itself, nor must stock be subsequently traded on the exchange. Such trading is said to be off exchange or over-the-counter. This is the usual way that bonds are traded. Increasingly, stock exchanges are part of a global market for securities.

http://en.wikipedia.org/wiki/Stock_exchange

[VoiceofReason]

heybales made a funny :lol2

[robertwood9966]

Hes hilarious ...

[heybales219]

Thanks robertwood9966. I still don't see why the US would "retaliate" in this manner. Every country is trying to undermine the dollar.

I'm not knowledgeable of economics, stock trading or the like so the story didn't mean a whole to me. Show me the "connection" I'm missing.

[heybales219]

Bush’s Shock-and-Awe in Iraq was not about Saddam’s nuclear capabilities, about defending human rights, about spreading democracy, or even about seizing oil fields; it was about defending the dollar, ergo the American Empire. It was about setting an example that anyone who demanded payment in currencies other than U.S. Dollars would be likewise punished.

Many have criticized Bush for staging the war in Iraq in order to seize Iraqi oil fields. However, those critics can’t explain why Bush would want to seize those fields—he could simply print dollars for nothing and use them to get all the oil in the world that he needs. He must have had some other reason to invade Iraq.

History teaches that an empire should go to war for one of two reasons: (1) to defend itself or (2) benefit from war; if not, as Paul Kennedy illustrates in his magisterial The Rise and Fall of the Great Powers, a military overstretch will drain its economic resources and precipitate its collapse. Economically speaking, in order for an empire to initiate and conduct a war, its benefits must outweigh its military and social costs. Benefits from Iraqi oil fields are hardly worth the long-term, multi-year military cost. Instead, Bush must have went into Iraq to defend his Empire. Indeed, this is the case: two months after the United States invaded Iraq, the Oil for Food Program was terminated, the Iraqi Euro accounts were switched back to dollars, and oil was sold once again only for U.S. dollars. No longer could the world buy oil from Iraq with Euro. Global dollar supremacy was once again restored. Bush descended victoriously from a fighter jet and declared the mission accomplished—he had successfully defended the U.S. dollar, and thus the American Empire.

From link in OP. Bush is war monger trying to maintain American Imperialism? That is subjective and cannot be proven beyond a reasonable doubt.

[robertwood9966]

OK I'll try to explain ... the new Iranian stock market will trade oil in euros not dollars. Oil has been traded in dollars for since at least the end of WWII and many countries hold vast amounts of dollars for just such a purpose. All international trading is electronic IE (over the internet).

I am not saying that America is cutting the lines it could be Israel, England, France or even some of the Arab countries trying to preserve the status quo.

To see the world change from dollars to euros would kill the dollar and many economies, I hope this clears it up a little bit.

Something or someone is cutting those cables and it stands to reason that whoever it is has a good reason.

[Biblenuggetlady]

This article was from Jan. 2006-but interesting that it mentions:

At any rate, no matter what the British decide, should the Iranian Oil Bourse accelerate, the interests that matter—those of Europeans, Chinese, Japanese, Russians, and Arabs—will eagerly adopt the Euro, thus sealing the fate of the dollar. Americans cannot allow this to happen, and if necessary, will use a vast array of strategies to halt or hobble the operation’s exchange:

· Sabotaging the Exchange—this could be a computer virus, network, communications, or server attack, various server security breaches, or a 9-11-type attack on main and backup facilities.

:spy

[heybales219]

OK I'll try to explain ... the new Iranian stock market will trade oil in euros not dollars. Oil has been traded in dollars for since at least the end of WWII and many countries hold vast amounts of dollars for just such a purpose. All international trading is electronic IE (over the internet).

I am not saying that America is cutting the lines it could be Israel, England, France or even some of the Arab countries trying to preserve the status quo.

To see the world change from dollars to euros would kill the dollar and many economies, I hope this clears it up a little bit.

Something or someone is cutting those cables and it stands to reason that whoever it is has a good reason.Agreed. I just do not believe the US has involvement in cutting these lines which affect a whole lot more than just Iran. Not saying it couldn't be possible, I'm just not buying it.