http://afp.google.com/article/ALeqM5jGC7KSKjsKYUTGAF1oR04-yO...
Ron Paul needst to issue a statement about this.. Its his super strong suite.
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We begin bombing in five minutes.
Or whenever W wakes up from nappies.
This is old news
Iran has been backing out of the dollar for awhile now. It's only the last 15% according to this report. Still it is not good news. One more chair gone in the global game of musical chairs that our creditors are playing. Nobody wants to get caught holding the worthless dollars and the Fed has proven it's ok with the dollar getting even weaker as they try to support the economy with additional liquidity.
It's madness. The Fed has painted itself into a corner and the financial shows say everything is fine. Mark my words, the banksters will not accept the blame for the coming meltdown. A scapegoat is needed.
With every day the risk grows that the present leadership in Washington will tip over the chessboard and try to "fail forward" by staging another Pearl Harbor event, declaring martial law and going to war with Iran.
I never thought I'd say this but Congress must impeach on "unjust war" Iraq war crimes or we may go over the brink for good.
Washington doesn't need more lawyers.
It needs a doctor!
Dr. Ron Paul *** RX for Freedom
Ohhhhh Boy...Markets goin' down on Monday
I'll probably be buying Puts in the S&P...
“Think of the press as a great keyboard on which the government can play.” -Joseph Goebbels-
“Allow me to control the issue and the nation’s money and I care not who makes its laws!” — Amshell Rothschild
"...there is no doubt that it (socialism) could not possibly have affected us so widely and so deeply as it has, had it not been heavily financed". - B. Carroll Reece
Please DIGG asap
This is terrible news, but it also validates what Ron Paul has been saying. We need to get the word out.
Please go here and digg this post:
http://digg.com/world_news/Iran_drops_the_US_dollar
We need a concentrated burst of activity to propel this to the front page. News like this doesn't happen every day - take advantage of it,
lol have had my march puts
lol have had my march puts on for a month!
"Ineptocracy: a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confisc
CNN article on pressuring Iran
I just read an article on Robert Gates' desire to keep the pressure on Iran from building nuclear weapons. Could it be that we attack Iran for monetary reasons instead?
http://www.cnn.com/2007/WORLD/meast/12/08/us.iran/index.html
America's abundance was not created by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. - Ayn Rand
"Free government is founded in jealousy, and not in confidence; it is jealousy and not confidence which prescribes limited constitutions." Thomas Jefferson, Kentucky Resolutions of 1798
Coincidence?
http://www.cnn.com/2007/WORLD/meast/12/08/us.iran/index.html
Also.....
China is building a larger military then ever before. If China decides to become aggressive, (ie take back Tiawan) The US will not be able to say anything because China will sell their U.S. $/assets and our economy will collapse.
Nomis
The US shouldn't say
The US shouldn't say anything to begin with!
"Ineptocracy: a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confisc
Nomis's post
Bingo!
Isn't it terrifying that people don't see that?
Yep, something's going 'bump' in the night.
Aid to Israel in Euros
Didn't I read somewhere that Condi Rice approved the giving of our aid to Israel in Euros instead of USD? Why would it surprise anyone that Iran wants Euros?
That report turned out to be
That report turned out to be false, apparently it was an attempt at satire.
Thank you
You can't believe everything you read on our Internet!
Here comes war
Don't TELL ME that Iraq moving AWAY from dollars didn't have "something" to do with BUSH/CHENEY desire to whip Iraq into line.....
All Candidates Have Blinders On....Except Ron Paul
Dominate governments implode through the means of internal financial destruction, not by foreign enemies waging war. All the candidates, except Ron Paul believe the real risk to our security is foreign nations waging war against the U.S., when actually it is our financial crises. The U.S. cannot continue to finance war related preemptive strikes against foreign nations in the hopes it will defend our security.
Usually, the only governemnts that implode from foreign enemies are small, poor countries, third tier countries. (ie, Iraq)
Any thoughts?
Nomis
Only i f you follow the Roman Example
The Romans did conquer a lot of countries. However, this countries were force to pay tribute to the Romans. In exchange Rome would Provide security trade routes, etc.. Here in the US we provide security to the world but we are going bankrupt because we do not collect tribute and territorial gains. Is just like Ron Paul says. "We are not supposed to be an empire" That's were the NeoCons go wrong. If Americans want to be and empire ( I think we should not) we must conquer lands, subjugate its people, force them to pay tribute, wage war with no mercy and kill any opposition with no mercy. Thats the model that works for empires. Thank God Americans dont have the desire to do this. The ones who believe in this war actually think they are helping out Irak. However, you cannot wage ware wanting the enemy to like you. Also you cant wage war without hating your enemy. That is call foolishness.
I bet Bernanke is s#itting himself
Oh well, at least the products we export overseas will be cheaper so we can be competative...am I right folks?
A weak dollar is good, let's follow suit of the Peso and make it so everyone is a millionaire in our country out of necessity and inflation.
I do agree, Ron Paul needs to make a public statement about this.
Bern says:This is nooooot a
Bern says:
This is nooooot a problem for the dollar! There can be no problem for the dollar, because I can print aaaaall the dollar in the world! We'll never run out of it...
Well thats true if!
We have a manufacturing base. However, with factories going abroad and research and development following Manufacturing; it will take a huge effort to correct the problem. So we are stuck with fewer things to sell, and the world is stuck with their pockets full of dollars and nothing to buy. Just watch Hugo Chavez follow the Iranians. What the Iranians are doing is signaling the world to do the same. In a nutshell, the dollar will have to sink a lot to lure the manufacturing base back to the US. However, factories just don't come online in 24 hours. It takes months and years and the returns have to compensate for closing their investments abroad.
The other candidates will probably say the service economy will help us out.
However, that is non sense. How can you export services lets say
Banking - they can do that locally
Customer Service- they can do that locally
Taxi services- they can do that locally
Trucking- they can do that locally
Retailing- they can do that locally
Hair cuts- they can do that locally
Insurance- they can do that locally
Enginering-they can do that locally
Architecture-they can do that locally
Nursing-they can do that locally
Doctors-they can do that locally
Restaurants-they can do that locally
Hmm! looks like we are on this one for the long haul.
Vote Ron paul
An only those who have their assets in $ will be affected...
IIRC, it was something like that which good old "Helicopter Ben" said in response to his grilling by RP, that "only those who have their assets in $ will be negatively affected."
Which has made me wonder, what currency does Mr. Bernanke keep HIS OWN assets in? Euros or Krugerrands?
It would be highly edifying to know.
The shape of things to come?
Although Iran doesn't play that big a role in U.S. macroeconomics, this could be the start of our dollar's collapse. If Saudi Arabia follows suit, then we're in real trouble.
America's abundance was not created by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. - Ayn Rand
"Free government is founded in jealousy, and not in confidence; it is jealousy and not confidence which prescribes limited constitutions." Thomas Jefferson, Kentucky Resolutions of 1798
I was expecting this.
I've been watching the US going along with this perceive economic boom for the last 8 years. Me and my wife decided to bail out and put our nest egg abroad. I've seen the us dollar fall almost 50 percent in purchasing power against a third world currency where my holdings are. What will take for the rest of America to WAKE UP! I will hate to see this country bankrupt, and its citizens bankrupt. Think about it. Just by buying property and businesses abroad I almost double my assets due to the dollar going south. My vote is for Ron Paul. Remember that without economic freedom you are a slave. God help us all.
Instead of buying a blimp...
We should have bought gold, so in the end we could have just bought the election... (nervous laugh).
-See you in NH 1/3 - 1/7...
"Make fun buddy..." - Ron Paul
Knew it was coming
This is exactly what Ron Paul has been warning us about. If the US has to pay for Iranian oil with Euro's, they will be paying 50% more for our oil. which will be passed on to the American people in gasoline and fuel oils. Bush is such an idiot...this is called financial blowback.
Incorrect Assumption
This event by itself will not mean that we "will be paying 50% more for our oil."
If 1) a barrel of oil costs $100 and 2) $100 = L50 (50 British Pounds), then 3) a barrel of oil still costs either $100 or L50.
The danger is that this event will in the long run continue the devaluation of the dollar and over a period of time the dollar to pound (or euro or yen) exchange rates will change. Then the price of oil in dollars will increase although the real price (valued in non-dollar denomated assets such as price of a barrel of oil per oz. of gold) will remain relatively stable barring other supply/demand events.
Iranian Oil
The U.S. buys no oil from Iran. Iraq threatened to move away from dollar trading in oil and we invaded them. I hope the same doesn't prove true for Iran. This is just another case of blowback. We setup puppet regimes in the Middle East and require them to trade oil in dollars, to our benefit.
www.TuNeCedeMalis.com
www.Sitefind.org
No
But doesn't China buy oil from Iran?
Doesn't China buy our fiat money so we can engage in empirialism?
This isn't good
Expect Gold to shoot up $50/oz to $850 on monday.
Oil may go over that $100/gallon mark because of this.
I hope my prediction of $1000/oz gold by xmas doesn't come true.
It would be very good for me, an extra thousand or so, but it's bad for America.
I've been holding the gold I have bought until January, but at this rate
I may as well scrap it just after xmas. I pray for us all.
This is the REAL war, the economic war, it took out the Soviets it can take us out. China and Europe are winning.
Its not China or Europe...
It is the international elite. The people who loan the money, print the money, and use the money first. They win, everyone else loses. No conspiracy there...or is there? Where is my tin foil?
The Constitution once made the greatest nation in history, and everyone in it was free; it can do it again.
I vote for me! I vote for freedom!
I vote RON PAUL!
"Vote for Paul if you want it all! Goodbye taxes! Goodbye big bro! Hello all my money! Oh! There you are freedom! What?! You have maryjane!?! Oh, wait, everything is fine now...the Doc saved America!"
I bet all this talk about invading Iran was because of the $'s
Fall and Iran stating the ball rolling twords the dollar collapse oh and fiat money... I would hop Paul would have a press confrence or go on CNN etc to talk about economic issues facing us....In particularly what can a normal working class guy do to keep from getting crushed.. I dont invest.. I work in a college.. how the heck would a $ collapse hurt me.. What should I do.. just start paying all my debts?