41 votes

India to pay gold for Iran oil, China may follow

https://rt.com/news/iran-india-gold-oil-543/

India has reportedly agreed to pay Tehran in gold for the oil it buys, in a move aimed at protecting Delhi from US-sanctions targeting countries who trade with Iran. China, another buyer of Iranian oil, may follow Delhi’s lead.

Delhi’s current plan is to effect payments through two state-owned banks, India’s UCO Bank and Turkey’s Halk Bankasi, Turkey being another country refusing to join the sanction spree.

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Please! Everyone here knows how big of a deal this is...

Adding on to my post below, this is extremely important. Watch the video below, and look at what China has being doing since 2008. Please keep this thread bumped. This is major stuff here. Go buy gold and silver NOW! I'm guessing war with Iran, stock market crash, hedge fund gold and silver sell off to recoup stock market losses, gold and silver drop due to increased market supply and then SOAR to record highs because of hyper inflation as all the money over seas floods in chasing anything that is worth anything.

When the US Dollar will collapse
http://www.youtube.com/watch?v=Enm0CBx52g4&feature=youtu.be

China and Russia Quit Dollar
http://www.chinadaily.com.cn/china/2010-11/24/content_115990...

China and Japan Currency Agreement
http://www.nytimes.com/2011/12/27/business/global/china-and-...

China, Pakistan sign currency swap agreement
http://tribune.com.pk/story/311206/pakistan-china-sign-curre...

China, Argentina reach agreement on currency swap
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=amo3z...

China, Japan, South Korea, ASEAN Agree on Wider Currency Swap Arrangements
http://www.asean.org/afp/113.htm

China and Indonesia sign currency swap agreement
http://www.asiaecon.org/special_articles/read_sp/12803

China and New Zealand reach currency swap agreement worth 25 billion yuan
http://english.pravda.ru/news/business/18-04-2011/117601-chi...

China, Malaysia agree currency swap
http://www.channelnewsasia.com/stories/afp_asiapacific_busin...

China signs currency swap deal with Uzbekistan
http://www.chinadaily.com.cn/bizchina/2011-04/19/content_123...

China, Thailand sign currency swap agreement
http://english.people.com.cn/90883/7687595.html

China and Turkey to Shun the Dollar
http://online.wsj.com/article/SB1000142405274870465730457553...

China, Singapore Sign Bilateral Currency Swap Agreement
http://en.21cbh.com/HTML/2010-7-23/Currency-Swap.html

China, Kazakhstan sign currency swap deal
http://english.people.com.cn/90001/90776/90883/7409000.html

I'm a serial entrepreneur and liberty activist from Texas!

www.RevolutionCarBadges.com
www.NonNetwork.com

This COULD possibly be....

The onset of the collapse of the dollar that Dr. Paul has been predicting. The world is rejecting the dollar as the reserve currency and we will soon be up to our a$$es in trouble!

Hold on! Buy METALS! Gold, silver, and the third precious metal....LEAD!

Give us clear vision, that we may know where to stand and what to stand for - because unless we stand for something, we shall fall for anything.
~ Peter Marshall, US Senate Chaplain 1947

I sell the first two:

http://www.membersmint.com/#freeindsun

AOCS is a sponsor of my website, and I am also a distributor. The have a multi-level commission system set up, so if you want to buy and promote, hit me up!

jack@freeindependentsun.com

http://freeindependentsun.com

Jack Wagner

This will ensure war...

...because it will undermine the petrodollar's hegemony. Every country that has done that, or even threatened that, during the last decade was bombed mercilessly...

Cuimhnigh orm, a Dhia, le haghaidh maith.

Absolutely

That's the REAL reason we are in these wars.

If men are good, you don't need government; if men are evil or ambivalent, you don't dare have one.

Voters should stop falling

Voters should stop falling for the rhetoric coming from smooth talking politicians, who say whatever it takes to get their vote, talking dolts and pundits in the MSM, who push the candidate they want the masses to vote for. People need to wake up to this manipulation before it's too late.

Instead, they need to start listening to the only one who always tells it like it really is, even if it isn't popular. Someone who is consistent, steadfast and above all honest. A true statesmen. Someone our founders would be proud of for his adherence to the Constitution they gave us...Dr. Ron Paul

So the embargo strategy could backfire big time….

They can’t bomb everyone who doesn’t trade oil in US dollars… and this could establish gold as a global competing currency…. something Kadafi was attempting to do until they laid his homeland to waste.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

PeaBrains for Leaders!

I watched the C-Span hearings where Hillary and some side kick of her's were pushing for the Central Bank of Iran lockout. In other words...starve them into submission. The blowback was that it could cost higher oil prices here in the U.S. was mentioned and just dismissed as a price that we may just have to pay to force Iran to give up nuclear ambitions. I went crazy sitting and hearing this insanity. We're trying to recover from a terrible recession and their idea is to drag us into a depression???? WOW !!!
And now India, China and Japan have decided to go around our idiot leaders by trading commodities and gold for Iranian oil. Oh...Great !!!
This is Double Blowback and leads the way for destroying the dollar as a global currency. We don't have long folks...sorry to say it may all fold before the next elections can do us any good. Hope I'm wrong.

bump.

bump.

Gold in Knox?

There are some you tube videos saying that Knox hasn't been inspected since the 70's.
Saw another one that stated a road was built into the rear of the building. Suggesting it was removed systematically.
Yet another that the FED has sent most of it to the bank of England.
It would be quite a problem if not a disaster should any of these claims turn out to be true.
How could a current inspection be done to snuff out these claims or lay waste to a much bigger problem?
If the dollar crashes and we need that gold as a backup...what happens if it's not there?
A congressional panel needs to get inside Knox with gold analysts and expose the myths or belly up a hidden truth.
Audit the Fed.

Gold in your safe...

Oh great. Well, that’s it.

Oh great. Well, that’s it. Considering this and this, we’re done.

http://www.chinadaily.com.cn/china/2010-11/24/content_115990...

http://www.nytimes.com/2011/12/27/business/global/china-and-...

Brace yourselves!

We need to make this the center piece of the campaign now in my opinion. This is HUGE NEWS!

I'm a serial entrepreneur and liberty activist from Texas!

www.RevolutionCarBadges.com
www.NonNetwork.com

Forgot to post this link

Uh oh

:/

Game over. Try not to take

Game over. Try not to take the planet with you.

This space available

Btw guys, let us forinners

Btw guys, let us forinners know if the US media report this, or not.

This space available

The US media doesn't often

The US media doesn't often report on financial stories that are hard to understand and require the frequent use of words with more than 3 or 4 syllables.

hahahaha

That's pretty funny astro... and yet at the same time sadly true.

Paul.

I would assume no.

Since this is the dirty secret of why we go to war with Libya, Iraq, and soon to be Iran.

Hey Bernanke... is gold

Hey Bernanke... is gold money?

good one...

Obama: "Can they do that?"
Bernanke: "IDK"

This underlies the real threat from Iran.

The one that we'll send troops in for. They're not going to play the U.S. Dollar/Federal Reserve game any longer, and we sure don't want that pattern to start! We bomb anybody that tries it. Why, that would point out the fallacy of our fiat money game. It would upset the game the Wall St./global bankers now enjoy. Our government trumps up allegations about "terrorist", but the real reason is they're not accepting our rubber checks anymore because we won't let them "cash" them anywhere. Why take a check?

alan laney

"well shit...

now how are we supposed to compete with that? Has anybody seen our gold lately? Anybody know where we keep the gold now days?"

hmmmm... wonder if they would accept coal instead...

They post guards around Fort Knox,

to keep people from seeing that there is NO GOLD there. Remember, Ron Paul wanted Fort Knox gold audited and accounted for, and he was told that there is no need to!

alan laney

yeah,

the guards are there to keep people from getting IN... They're protecting the building...

imagine how surprised Goldfinger would have been...

after all that effort...

lol you beat me to that!

lol you beat me to that!

i just read this story and

i just read this story and came to post......LULZ!!!!

THIS is what Ron Paul and the CIA mean when they talk about blowback. Sanctions are just going to hurt the dollar, as oil prices rise for us, and other countries stop using the dollar for transactions after the blockades(which are governed by the dollar). india and turkey's central banks are state-owned, and that's why we've been hearing a lot of subtle bad-mouthing of those two countries lately.

Also, this is going to make Iran more wealthy in terms of trade, because they're now trading in commodities. Blowback.

This is a good thing for Iran

I thought at first this would lead to war, but if the US intervene against Iran, the Indians, Chinese and Russians who all trade with Iran will be mighty pissed off. They all happen to be nuclear powers.

So maybe.. Just maybe this will be enough to make the US think twice about an attack. Meanwhile by bye US dollar.

that's a big maybe indeed.

that's a big maybe indeed. iran also has a gigantic army for a country their size.

this won't mean anything significant for the dollar until the base of the dollar is trimmed quite a bit more. the entire world uses it for transactions. but if this trend continues, the fed will be forced to use higher rates. we will just experience the annoying bits of inflation in gas, education, gold and automobiles, along with the even more annoying incremental price inflation in food prices.