Iranian Oil Bourse., page 1

Originally posted by Mammoth

25 Jul 2006 @ 19:05, by Brenda McCann

By Daniel L. Abrahamson

Infowars

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.

Source

Although this comes from Infowars, it raises an interesting topic, in the middle of the current Middle Eastern crisis, can that be used as a blanket to cover the real motive behind possible attacks on Iran? What are the latests updates on the Oil bourse, it has been too quiet about this subject. Suppose Iran decides to launch their project now, you can bet on it the missiles will fly!

Like i ask in all created topics, what is your view on all of this?

What a stinking pile of deceitful horse****. First of all TODAY (8/16/06) gold closed at under $630, a fair bit down from $700. Or in other words, investors left gold to buy currencies.

Did you know that if you had bought gold in the mid 80s ONLY RECENTLY would be above water when adjusted for inflation? Meanwhile 1980 the DOW was 700, today it closed at 11327.12. Yeah, gold's a GREAT investment, you be sure to run out and buy some.

You'll often read scare stories about the future value of America SSA and Medicare/Medicate liabilities (this guy has a super-scary number of 50 TRILLION!!!!) But what you'll never read is the ASSUMPTONS they use to come up with such a number NOR to do they talk about the future value of America's GDP.

Right now not only are the deficit and debt burden shrinking so is the percentage of tax receipts required to pay interest on the debt. Look for this to continue.

The also take about this number as if someone will show up at your door with a bill insisting on payment. The notion that some date certain all this money will have to be paid off in full is STUPID.

So what will happen? Assuming we don't forget the things that made America the most successful and powerful country in this planets history, the debt burden (debt/GDP) will remain the same or perhaps shrink and the debt will be rolled over, just like we're doing now.

WHAT?!! ROLLED OVER??!! That's right. Today, investors all around the world buy US debt instruments (T Bills) because they know that America has long history of low inflation, robust growth and sensible monetary policy. Investors have SO MUCH confidence in America they'll loan America money only charge about 5% interest. What would cause situation to change?

In raw dollars, the debt can and probably will grow. HOWEVER, the debut burden probably will shrink. Bear in mind that having zero debt is worse than having some. Since debt allows for liquidity in markets. Think of is sort of lube for the economy. Additionally, debt is income multiplier. Debt is good.

Think of your own situation. Did you borrow money do buy your house? Of course, and probably it was some multiple of your annual salary. When you sold your home, you paid off the first loan and then took out another loan on your new house. What you did was ROLL OVER YOUR DEBT. Were you worse for it? Would it have been better for you if you had waited until you had saved up the entire price of the house be for buying it?

[edit on 16-8-2006 by Number23]