Iran 46

En terwijl de Nederlandse politiek zich opwindt over een tamelijk onbenullige affaire voltrekt zich elders het wereldnieuws. Infowars bericht: 'Iranian Oil Bourse Opens for Business: A Final Step Toward US Dollar Collapse & Preemptive Nuclear Strike. 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. On May 8, Bush apologist Jerome Corsi penned an editorial entitled “Iran Signs It’s Own Death Warrant.” Corsi is the same GOP hack who helped sponsor the Swift Boat ads & wrote Unfit for Command during the staged 2004 presidential election. In his article he admits a major reason for the US invasion of Iraq was the oil-for-euros policy of Saddam Hussein, and warns of China’s interest in the oil bourse.' Lees verder: http://www.infowars.com/articles/
economy/iranian_oil_bourse_opens_for_business.htm

Ondertussen meldt in de Financial Sense de onafhankelijke Amerikaanse journalist Christopher Laird, specialist op economisch gebied: 'One of the first articles I wrote for Gold-Eagle was Mexican Stand-off. In it, I outlined the likelihood that foreign governments and institutional investors everywhere would reach a point of fleeing the US dollar. We may be looking at this situation quite soon. The way it would happen would be that, many holders of large USD positions would be facing each other, waiting to see who pulls the trigger on the USD. Then all would fire at once, blasting each other with their USD asset sales, trying to salvage what remained of the real value of their US treasuries, US stocks, US bonds. I surmised that, with the super fast electronic markets we have now, that, the USD could collapse in a matter of hours, not days or weeks. The idea that circuit breakers would stop this baby would probably fail because either the markets would just overrun them, or ‘bum rush’ them, or, there would be a week of limit down days, followed by another week of limit down days. End result? Possibly a complete or almost complete USD crash. In such a scenario, I surmise that only paid off real assets will survive. At the inception of such a collapse, gold and other precious metals would become essentially unavailable, and off market. The USD would crash so fast that no one would take any amount of dollars for metal until either the USD stabilized at some much lower rate, or, disintegrated into oblivion. If you own a paid off house, a paid off car, a few hundred ounces of gold and silver, they are all paid off, and are not USD assets. In these positions, you are insulated from a USD collapse, at least as far as these paid off assets are concerned. In my writing career, I have had a very great battle with the paper world because I do not like ANY paper asset associated with a USD value. It is my view, that all paper assets would be creamed somehow, and even possibly gold stocks in US markets, and that any massive collapse of the USD would take down every investment vehicle because of the incredible penetration of the USD into all markets here and abroad. If you have USD financial accounts that skyrocket 100 times in value, what good would that be if you could not buy anything with all those dollars????
Practically everything that is real is priced now in US dollars in their respective bourses.
Oil is traded daily in US dollars. Gold is priced preeminently in US dollars. Most foreign trade that has any presence in the US is priced in US dollars, and if there are other prices abroad, it is only as a secondary price level to the US pricing in USD because the US is such a huge component of those companies sales. The US comprises about 25% of total world GDP. If there was a serious USD collapse, on the order of 50% or more in a year, the US economy would see massive inflation, oil would sky rocket, the stock and bond markets would collapse. Prices of everything would at least double. The US GDP would effectively be cut in half, both due to a collapsing US consumer, the inflation effects on net GDP, great losses in all US markets, the very great oil price multiplier making the price of oil double, and rippling through the US economy, and instead of being a twice as large tax on production, would compound through the many layers of production to consumer. Oil price increases reduce the standard of living far beyond just the immediate price increases seen from the refiners.' Lees verder:
http://www.financialsense.com/fsu/editorials/laird/2006/0426.html