Ahmadinejad says, "Market full of oil, price trend 'fake'."
Posted June 17th, 2008 by lynnopoly
output
ISFAHAN, Iran (Reuters) - The market is full of oil and the rising price trend is "fake and imposed," Iran's president said on Tuesday, partly blaming a weak U.S. dollar which he said was being pushed lower on purpose.
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"At a time when the growth of consumption is lower than the growth of production and the market is full of oil, prices are rising and this trend is completely fake and imposed," President Mahmoud Ahmadinejad said in a televised speech.
"It is very clear that visible and invisible hands are controlling prices in a fake way with political and economic aims," he said when opening a meeting of the OPEC Fund for International Development in the central Iranian city of Isfahan.
Iran, the world's fourth-largest oil exporter, has repeatedly said the market is well-supplied with crude and blames rising prices on speculation, a weak U.S. currency and geopolitical factors.
"As you know the decrease in the dollar's value and the increase in energy prices are two sides of the same coin which are being introduced as factors behind the recent instability," Ahmadinejad said.
Oil steadied on Tuesday after touching a record near $140 the previous day, with traders caught between a weaker dollar and expectations that top exporter Saudi Arabia will ramp up output to its highest rate in decades.
Iran has often said it sees no need for the Organization of the Petroleum Exporting Countries (OPEC) to boost output.
"EVER-INCREASING DECREASE"
Ahmadinejad reiterated his view that oil should be sold in a basket of currencies rather than U.S. dollars, an idea which has failed to win over other OPEC members, except Venezuela.
"The ever-increasing decrease in the dollar's value is one of the world's major problems," he said.
"A combination of the world's valid currencies should become a basis for oil transactions or (OPEC) member countries should determine a new currency for oil transactions," he said.
Iran, embroiled in a standoff with the West over its nuclear program, has for more than two years been increasing its sales of oil for currencies other than the dollar, saying the weak U.S. currency is eroding its purchasing power.
Ahmadinejad, who in the past has called the dollar a "worthless piece of paper," suggested "some big powers" were driving it lower on purpose:
"The planners for some big powers are acting to decrease the dollar's value," he said. "For years they imposed inflation and their own economic problems to other nations by injecting the dollar without any support to the global economy."
Foes since Iran's 1979 Islamic revolution, Tehran and Washington are also at odds over Tehran's disputed nuclear activities as well as over policy in Iraq. Iran says its atomic work is peaceful.
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Saw that, here's the vid
http://uk.news.yahoo.com/...
I find this funny
I find alot of people saying our dollar isn't worth much. So why do we sound so greedy for it to be strong? So it is important that we have a strong dollar if thats what we love. There is not enough gold and silver to go around the powers that be have already bought or stolen the biggest magority of it. Do you think if we back the dollar with an amount of gold people will not want the gold and give up the dollar? Do you think the people in other nations will not want the gold also? There is not enough gold and silver to do that. There are greater than 6 billion people on this planet. You can't coin that many coins with the amount of gold and silver on this planet. The reason they want it backed by oil is it is replenishable. If they tell the world it is replenishable would be the same as saying they found a way to make pure gold and silver out of thin air. It would be worthless.
I also find it funny they actually have you talking about leaders and countries. This is crazy! It's about cartels and secrets kept by small groups of elites. Example so lets say they drill US oil and sell it cheap in america. Thats like asking you to put $1million dollars into a company that produces widgets and you have to get $4 each to even break even. But we want you to sell them for $2 my company would become bankrupt so to would their cartel. Which believe it our not the leaders of our country are part of this cartel. We are also part of this cartel through our going along with it and letting our leaders do this so we could live it up with the American dream and have everything we want. Then the oils is worthless and the value of your dollar goes with it.
On the other side of the coin the fact is that your dollar is tied to oil right now. So you would be shooting your own foot to drill and bring the price down the value of your own dollar which only makes it worse. Not to mention all the other countries would then be let out of the contract and believe it or not they would beat us to the punch. They are all building refinaries we have one.
For our government to put us in this position is dereliction of duty and is an impeachable offence. The number one job of our government is not to entangle us in such problems and look after our national defence. You can't defend yourself if you are broke and have not taken care of the countries national resources for the good of our nations defence. That should be job one not Real ID cards and snooping like a child through the peoples personal effects looking for a needle in the hay stake. Economy is the backbone of a country and defence is it's flesh. So what if the do find a way to get us crashing then lower oil and it crashes the gold and silver then they take us the rest of the way down by other means. We didn't take over Iraq to pump their oil we went thare to shut is off. Even if we drill in America it won't be we it will be the very people who drill all the rest of the oil around the world they are members of the cartel they won't lower prices anyways. It would crash the dollar. it would only make them richer. quit a fix we are in huh.
A from the heart post.. love it.. ;)
You are right... we were put in this position by our current owners... the Fed. That there is not enough gold or silver in the world to back our money isn't exactly true, however.
A gallon of milk should cost 65 cents right now. That American citizens think that prices should naturally rise over time is the problem... they should have gone down in a free market. Supply and demand... we got good at supplying, at one point.
The only reason we got off of the gold standard is that it was getting in the way of some people making a profit. A fiat dollar is designed to transfer wealth from the middle class to those at the top... a gold standard was strangling profit. After all, you couldn't tax the people indirectly (inflation) if the monetary standard was fixed to something solid...lol.
Oil/dollar coupling is just a way to spread inflation (tax) globally. We already did that in the 70's... now the global economy is saturated.
The bigger picture you need to think about is.. where from here?
The answer is.. a world-wide fiat dollar... a way that they can fix a price forever, without worrying about silly things like a free market... or competition.
:(
in 1947 a US 90% silver
in 1947 a US 90% silver quarter bought 1 gallon of gas... in 2008 a US 90% silver quarter (worth 4.55 today) still buys 1 gallon of gas! its the morons at the federal reserve and the idiots in the district of corruption is who to blame for the rising price of oil! there is your proof!
as for me and my home, we shall worship the LORD
we the people are the morons/idiots
casa6969 the federal reserve is the biggest ponzi scheme in the history of the world. we the people have put up with this scam for almost a century and have lost our countrys wealth to the rothschild family.there is no more gold in fort knox it.has not been audited for thirty years.and to add insult to injury we owe the rothschilds 10 trillion dollars.so who are the morons/idiots? google --corrupt federal reserve the biggest scam
i have heard...
the rothchilds are the richest family on the planet. something like their net worth to be in the ballpark of 600 trillion... next being the rockefellers... they 'only' have 60 trillion.
He's partially right
Unfortunately for us, he's partially correct. The asinine weak-dollar policy of this administration (huge deficits) and the Federal Reserve (M3 growing >10% per year according to shadowstats.com) is one of the reasons for the huge run-up in commodities.
But the US is not the only country whose anti-liberty monetary policy is causing problems. Demand in China and India is certainly growing, but much of the increase is because those countries are also holding their interest rates too low. This causes malinvestment, and one of the side effects is artificial growth for things like fossil fuels.
Gold...
What an idiot
You can't make oil cheaper by switching currencies around.
I don't think Ahmadinejad knows much about economics.
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Bob Barr Money Bombs July 2: www.BarrBomb.com and July 4 www.BobBarrMoneyBomb.com Help continue propagating the Revolutionary message of liberty. (9/11 "Truthers": Please don't support Barr. You'll hurt his public image and cost him support and votes, like you did to Dr. Paul).
No but
you can destroy an economy by not accepting a currency. Considering the fact that some are trying to tie the dollar to oil rather than gold.
No you can't
If someone won't accept the dollar, you just buy the currency that they accept from someone else who wants it.
You're putting the cart before the horse. The reason that someone wouldn't accept the dollar is not to damage the U.S. economy. It wouldn't work. If someone stopped accepting the dollar for purely political purpose, they would just be making it cheaper for other people to buy the dollar who are driven by greed rather than politics, and those buyers would raise the exchange rate back to equilibrium. If they stopped accepting the dollar it wouldn't be for the purpose of affecting the U.S. economy. It would be simply because they predicted inflation in the dollar, so they didn't want to hold them. The bad economy comes first - not the other way around. Not wanting to hold dollars is a SYMPTOM of problems, not a cause.
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Bob Barr Money Bombs July 2: www.BarrBomb.com and July 4 www.BobBarrMoneyBomb.com Help continue propagating the Revolutionary message of liberty. (9/11 "Truthers": Please don't support Barr. You'll hurt his public image and cost him support and votes, like you did to Dr. Paul).
Wow!
Your stupidity never ceases to amaze me, justcantgetenough. Tell me why, when the U.S. produces, 2% of all oil, that all oil sales should be in dollars. Oh, that's right; because our gold standard was stolen away from us in exchange for oil backed dollars. And you say that it would be political to change oil sales to other currencies. It was politics that gave us the standard you jackass. In over a year posting here, I am confident that you are the dumbest f*** that has ever posted his brainless thoughts.
Since the oil is the only thing, with a 850 billion dollar U.S. trade deficit annually(and growing),that is propping up the U.S. dollar and keeping us from total collapse. So, it is politics that is keeping it pegged to oil.
And oh, Bob Barr can shove it up his ass......and yours!
Have a nice day.
:)
thank you for posting that!!
You know...
In replying to justcantgetit, I never focused on his ~signature~, the bobbarr thing.
I'll have to second that!
Saddam
stopped trading oil for dollars.
And what happened
WAR on "terrorism" on a country that did not attack us.
You brought up the cart and the horse...
But you forgot the driver.
Iran isn't getting decoupled from the dollar because they've suddenly decided that they want to hurt our economy.. they are getting off of the dollar because the dollar is collapsing.
If someone stopped accepting the dollar for purely political purpose, they would just be making it cheaper for other people to buy the dollar who are driven by greed rather than politics, and those buyers would raise the exchange rate back to equilibrium.
I've another scenario... how about a country that has a commodity that they want to actually make money with? You can no longer do that with the dollar, long-term. If you sell something for 1 million dollars US$, it is worth 900,000 US$ in a year. Why would you want to do business that way?
How about using a more stable currency?...lol
Oop... that turns out to be hard to do politically.. since this damn world power fiat monetary system says you HAVE to use thier dollars.. or they will overrun your country. Because it turns out that they have coupled thier crappy fiat dollar to oil so that they could spread thier inflation over the entire globe.
Of course, you could just ignore that and say the brown people hate us for our freedoms...lol
...
You said "Iran isn't getting decoupling from the dollar because they've suddenly decided that they want to hurt our economy.. they are getting off of the dollar because the dollar is collapsing."
That was my point.
Foreign government don't wants to hurt our economy. They depends on us to buy their stuff.
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Bob Barr Money Bombs July 2: www.BarrBomb.com and July 4 www.BobBarrMoneyBomb.com Help continue propagating the Revolutionary message of liberty. (9/11 "Truthers": Please don't support Barr. You'll hurt his public image and cost him support and votes, like you did to Dr. Paul).
?
It's nice that you think that...
You are missing a big point tho... we are a consumer nation that is too much in debt.. most of it bad.
Soon we will stop buying thier stuff.. because we're gonna need to buy food and gas first.
With a dollar that is getting weaker, weaker, weaker...
On the flipside.. they don't want dollars anymore for thier stuff... them getting a dollar doesn't work anymore because you can't buy anything back with a dollar.
True.. they don't really want to hurt our economy. On the other hand, they don't want to hurt thier own.
So why bother with that dollar thing.. except if you don't trade with a dollar, the owners of the dollar will kill off your tax base with another war on terrorism.
I can't make the words any smaller.. do you see where I am going with this?...lol
Giving US too much credit
China, who is a billion strong, could easily stop imports to this country and use the manufacturing equipment from this country to sell the products massively to themselves and Venezuela, lets say, and Cuba and any other country, meanwhile all the "Elite" leave then what is left here. Weapons are going overseas as well. The only thing left to make money with here is war. Governments seize land and property all the time. They want us to collapse for forcing our dollar on them NOT for honest trade and production.
what do you buy the currancy they accept with?
as soon as a huge conglomorate, such as the oil companies, stop accepting the dollar, then everyone sells off their dollar. China sells off their dollars, india sells off theirs, before long the dollar is worthless. You are correct that the first people who sell off their dollar for other currancies will be fine.
Iraq wanted to their oil off the U.S. Dollar a few months before the war.
Another 'bright' comment...
As Lindsey Williams pointed out in his documentary The NonEnergy Crisis,
Bush was into Iraq as soon as he got the chance after Saddam refused to do oil with the US dollar...
Iran has been threatening, and followed through, to do the same. The dollar is threatened left right and centre.
That's nothing but
baseless conspiracy theory.
War with Iran would make just make the dollar weaker, just as invading Iraq did.
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Bob Barr Money Bombs July 2: www.BarrBomb.com and July 4 www.BobBarrMoneyBomb.com Help continue propagating the Revolutionary message of liberty. (9/11 "Truthers": Please don't support Barr. You'll hurt his public image and cost him support and votes, like you did to Dr. Paul).
It is tied to oil and you are absolutely right
The Gov't is going to go into Iran to defend the dollar. Our economy is dependent on Iran trading oil in dollars. We will have a collapse if the don't.
Constitution party information, be sure it's on your state ballot:
http://www.constitutionpa...
How come
How come he knows it but most Americans don't get it? It is extremely disconcerting to me than no one is getting it and so many are suffering because of it.
Healthnut4freedom
"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6
My guess is that, sadly,
there are still too many 'justcantgetenough' Americans..
Still a lot of work out there for us :)
Most Americans don't get it because,
A) they are willfully ignorant,and enjoy dancing with the stars instead of educating themselves.
B) They have been fooled into believing that oil is a finite substance.
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"My role in the revolution is to wake up the lemmings of this country, who sit back and accept the pablum the media feeds them"
Jesse Ventura
Ventura/Paul 2008
http://www.gopetition.com...
He knows because he wants to trade Iran's oil in anything
but the American dollar. Have you seen this? Bookmark it to watch, it's a jaw dropper and about an hour and 15 min long:
http://video.google.com/v...
Constitution party information, be sure it's on your state ballot:
http://www.constitutionpa...
Bookmarked. FO
Bookmarked. FO SHO!!!!!!!!!!!!!!!!!!!!!!1
Many know
but few understand. Bill Clinton did a very similar maneuver in his final days in office - the standard pump and dump. However, Bush has pumped and dumped just about anything and everything he could taking everyone but him and a select few broke. At least Clinton had some discretion and didn't destroy the entire country. Apparently Bush hates this country and is paying us back for not following him blindly into global government.
Peace, Prosperity, Liberty