Iranian Oil Bourse Opens for Business: A Final Step Toward US Dollar Collapse & Preemptive Nuclear Strike
Iranian Oil Bourse Opens for Business: A Final Step Toward US Dollar Collapse & Preemptive Nuclear Strike
Infowars | May 9, 2006
By Daniel L. Abrahamson
The impending opening of the Iranian International Oil Bourse (IOB), set to commence trading next week on the island nation of Kish, strongly increases the chances of an imminent nuclear American-Israeli strike on Iranian nuclear and financial facilities. The electronic oil bourse, much discussed by terrorism expert Webster Tarpley, appears ready to launch in the coming weeks or even days. Because it will offer oil in euros, it may trigger the rapid collapse of the U.S. dollar.
Over the past four days, the Western media has finally ended their blackout and acknowledged the possibility of an imminent dollar collapse, as gold reaches nearly $700 an ounce.
On Friday, May 5, the Associated Press covered the oil bourse with their article “Iran wants oil market in Euros.” The article warns of a rapid decline in the dollar while feebly attempting to minimize the importance of the oil bourse.
Nevertheless, the AP quotes a top Wall Street analyst who gives a far more realistic assessment: “But if one day the world's largest oil producers allowed, or worse demanded, euros for their barrels, ‘it would be the financial equivalent of a nuclear strike,’ said A.G. Edwards commodities analyst Bill O'Grady.
‘If OPEC decided they didn't want dollars anymore,’ he added, ‘it would signal an end of American hegemony by signaling an end to the dollar as the sole reserve currency status.’
Incredibly, some neocon warmongers are now openly calling for a strike on Iran because of the bourse
[...]
Infowars | May 9, 2006
By Daniel L. Abrahamson
The impending opening of the Iranian International Oil Bourse (IOB), set to commence trading next week on the island nation of Kish, strongly increases the chances of an imminent nuclear American-Israeli strike on Iranian nuclear and financial facilities. The electronic oil bourse, much discussed by terrorism expert Webster Tarpley, appears ready to launch in the coming weeks or even days. Because it will offer oil in euros, it may trigger the rapid collapse of the U.S. dollar.
Over the past four days, the Western media has finally ended their blackout and acknowledged the possibility of an imminent dollar collapse, as gold reaches nearly $700 an ounce.
On Friday, May 5, the Associated Press covered the oil bourse with their article “Iran wants oil market in Euros.” The article warns of a rapid decline in the dollar while feebly attempting to minimize the importance of the oil bourse.
Nevertheless, the AP quotes a top Wall Street analyst who gives a far more realistic assessment: “But if one day the world's largest oil producers allowed, or worse demanded, euros for their barrels, ‘it would be the financial equivalent of a nuclear strike,’ said A.G. Edwards commodities analyst Bill O'Grady.
‘If OPEC decided they didn't want dollars anymore,’ he added, ‘it would signal an end of American hegemony by signaling an end to the dollar as the sole reserve currency status.’
Incredibly, some neocon warmongers are now openly calling for a strike on Iran because of the bourse
[...]
posted by TheFuriousGourmet | 9:42 AM
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