India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned

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posted on Jan, 24 2012 @ 01:42 PM
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Originally posted by TWISTEDWORDS
The United States just lost its world currency status. This is monumental, the world is abandoning the dollar as we speak. It's happening right before our eyes. Wow...So the UAE is going to trade with other countries now with their own currency and gold. This means the U.S. just lost its superpower status and the world is going on without us.


Isn't that scary?

Just wait though until the world figures out how expensive it is to protect the global trade in oil. As you probably already know. We don't have a huge military to protect individual freedom of American citizens. That's only the cover story.

From the inception of the US Government til today the USG protects primarily "Enterprise." Enterprise is the protection of currency trade. The trade is of course a chartered central bank's currency in raw materials on the open market, or the money is "not worth a continental." Lady Columbia the personification of free citizens living in America. Enterprise always comes first as it is why we always name something Enterprise before naming something Columbia. This is saying, affirming, "You can't be free if you're broke" Not, "I'm in debt beyond what I am taking in annually" broke. I mean, "I can't get any credit broke." THAT'S REALLY BEING BROKE.
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Note to all: I hope everyone understands this? If not, a lil more more enlightening... "I have to live in the hood broke." "I can't pay my bills because I can't find a job broke." "I have no money on welfare and food stamps broke." "I have to go to a payday lender broke just to keep the heat on in my place broke."

Guess who are the payday leaders for nations are in the global economy?

The same folks who maintain most of the deposits in the 12 member banks making up the FED system. The one's who supply most of the funds at the Discount Window. They wont anymore. They will be happy to loan shark their funds to us directly at a huge interest rate in whatever currency is being issues by the host country hosting wherever the central bank moves to. It could be China. The deal is as long as the host country protects the bank and its currency trade in needed raw materials on the open market that country and its citizens enjoy unlimited credit at triple A rates no matter how large the debt becomes. And are money will simply be pegged to it. Because that's how it works today. Unless a country becomes isolated as we became between the 1830's to the first world war, we will b enslaved by whatever country hosts the bank on a national security level, and on a finical level you can never escape the bank nor its partners, its major depositors who mine and drill raw materials we need to maintain this level of civilization.

Want to become a third world nation my fellow American citizens? Just simply allow India to get away with what they are doing, and allow oil producers to sell their oil in gold and other currencies. Keep listening to Ron Paul and other crackpots like him who want to end the FED system, and reduce protecting the "Enterprise." That's why we are over there and spend so much on our military being overseas.

We as Americans need to grow up and understand what is actually going on, and how we benefit so much from this current system hosting the largest central bank that has ever been created.

I suggest to those who want to begin to learn what's really at stake. Read lots of Kissinger's books.

PS

The only other solution is to nationalize the current 80% privately owned central bank and make (that's not ask, but to force) the global raw material producers around the world to bank with the U.S. Treasury Department if they want us to continue protecting their products trade on the GLOBAL open market.
edit on 24-1-2012 by LilDudeissocool because: I added a PS




posted on Jan, 24 2012 @ 01:46 PM
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reply to post by ollncasino
 





I can't argue with the vast majority of what you have written, but your assertion that Saddam trading oil in Euros had nothing to do with the invasion rather begs the question why Iraq now trades oil in US dollars.


It's a legitimate question. I just don't see that as the primary reason for war. Merely the icing on a delicious political and financial cake.




Why does any nation want its currency to be the world reserve currency?

All that you listed is true, and to be honest, I view it as a handicap for US innovations. They know they will get great profits if they put out sub par stuff. Tis the tragedy of a purely profit driven economy. I'll get into that in a bit.

I would argue, however, that there is more to it. You get US military hand-me-downs, nuclear protection, and political immunity if you "accidentally" kill a bunch of people. One hundred years ago, we treated the nations we did business with as near equals. And, mostly, this is because we were incredibly judgmental. If you killed people, we judged that and didn't do business with you. If you were nice, we judged that and did do business wit you. In some cases, we forced it on you, like with Japan. Today, we don't care. If there's a profit, we're in it.

I have a book from 1897. It's a global voyager index, looking at architecture and cultures from around the world. But there's a curious thing about this book. It shows the political mindset of the people at that time. Today we would call what is said in the book racist and dismiss it, but if we look closer, we see something more. On one page, the book celebrates advanced cultures that are not white, and in other parts, more or less damns the cultures they don't view as advanced and claims they are sub-human and doomed. This is interesting, because it's not actually racism as we would call it. It's more than just an index. It's an opinionated review of the whole planet. And there's an even more interesting correlation. The cultures it celebrates, the US did business with. The cultures if damns, the US avoided. It id not matter if there was more profits in the bad culture. The US simply refused to deal with such people, or if they did, they exterminated them for their cannibalism and primitiveness.

I take this for an argument. That the US looked at more than just profits back at this time period. It looked at social gain. To the people, and to the US.

At some point in WW2 and after, this business ethos was lost. And as a result, we started only caring about profits, and not the people we were dealing with.

without any need to conform to any set social ideal, people just wanted to be with the US because they had the bigger guns, not because they had any demand to behave socially a certain way.

I don't really know where I'm going with this. But I think what I'm saying is this. That the reason for these nonsense wars is profit and political power. There was a time where you HAD to act a certain way in order to have the US do business with you. Today, it only matters that you can make them money.

I think it is therefore good that the dollar looses its superiority. Because we need to start being more socially responsible with who we do business with. You can nation build purely from economic power, not just military power.



posted on Jan, 24 2012 @ 01:48 PM
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This has been a long time coming. But it won't happen overnight... it needs to be a long slow strategical phase out process of the USD.

In the meantime (this transitional phase), I think other commodities/currencies (gold, silver, copper, wheat, lollipops, etc) will be used in addition to each of these nations' fiat currencies until some kind of new reserve currency has come to fruition.

It certainly won't be a 100% gold standard though, simply due to the fact that supply could never meet the demand... so the compromise will be something of similar ilk... maybe a global trade "currency" (like a promissory note) that's backed by physical gold/silver and other valuable commodities, instead of just a piece of paper backed by nothing but debt and false numbers.

It seems that non-aligned countries are finally fed up with the USD and its ridiculous muscle flexing foreign policies... and that's why everyone's been on a big gold shopping spree for the past few of years. They want the USD reserve currency out of the picture, so they've been preparing for the push out for quite some time now.

And this situation with Iran gives them the prime opportunity that they've been waiting for.

I believe the days of any particular country being the reserve currency of choice for global trade is going to soon be a thing of the past. It causes unnecessary conflict because it gives one country way too much muscle (aka dictatorship) over the rest of the globe.

Let's face it folks, a country (US) cannot cut off the blood supply (oil) to other countries simply because they're having a pissing match with someone else... at least not for long. These other countries desperately depend on that blood supply for the health and welfare of their citizens. Why the hell should these other countries be forced to have to find new suppliers ? Because the dictators say so ?! Pfft. Please, enough is enough.

So now the little guys are starting to flex some muscle right back at them. And how do you hurt the big guys ? You punch them where it hurts the most... the wallet.


Just my $.02 on how I see things playing out over the next 5-10 years.



posted on Jan, 24 2012 @ 01:50 PM
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reply to post by LilDudeissocool
 


let's look at his for a moment. December 2011 Japan, China, India, South Korea and Iran agreed to trade with each other without U.S. dollars. it was a precursor to this event. last week China signed an agreement with UAE oil to purchase oil with Yuan and not U.S. Dollars. Now we have this that Iran can still play with the world using rupees, oil, gold and Yuan.

So you don't need a central reserve when you have the major players trading with themselves. The U.S. will hurt out of this and not them. their trade will continue. My hunch is gold will be used as the reserve for a couple of years and then they will stun the world as china becomes the reserve.



posted on Jan, 24 2012 @ 02:00 PM
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reply to post by glovurm
 


Not happy at all, do you know what pain this is going to cause?



posted on Jan, 24 2012 @ 02:03 PM
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Originally posted by TWISTEDWORDS
reply to post by LilDudeissocool
 


let's look at his for a moment. December 2011 Japan, China, India, South Korea and Iran agreed to trade with each other without U.S. dollars. it was a precursor to this event. last week China signed an agreement with UAE oil to purchase oil with Yuan and not U.S. Dollars. Now we have this that Iran can still play with the world using rupees, oil, gold and Yuan.

So you don't need a central reserve when you have the major players trading with themselves. The U.S. will hurt out of this and not them. their trade will continue. My hunch is gold will be used as the reserve for a couple of years and then they will stun the world as china becomes the reserve.


Oooh


Now there's a scary thought... China getting reserve currency status.

Ouch, I hate to think of this actually being a very real possibility, but it is !



posted on Jan, 24 2012 @ 02:06 PM
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The way I think this is going to be done is India may buy Yen from China via payment of Gold and in return China will give Iran security that no sanctions will be able to detain the Chinese Funds held on behalf of Iran for payment by India for oil.

India-&-Gold-2-China-4-Yen-&-China-2-Iran=Oil for India and Gold for China and Security and Yen for Iran

Good on the BRICS if the stand up and protect their own investments just like my country UK and the US has done for many many years, the only difference is we use war and fear and they use help and aid and fair trade and also the promise of jobs and not just in retail or military, why didnt we think about that? or maybe we have and our card is WAR and FEAR either way tough times ahead either were broke and jobless or fighting war for survival it is inevitable.



posted on Jan, 24 2012 @ 02:08 PM
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reply to post by CranialSponge
 


That is absolutely barking mad and will end up reverting us back to the robber baron days of the late 1800's.


Do you know where the money originated from to build the Southern Pacific R.R.? The Big 4 got their money from the USG who financed them to build it. Uh what we call today crony capitalism. The USG got the money from the Bank of England. The Bank of England's partners (major depositors) made their money controlling the global trade in pounds for raw materials world wide. Coal, gold, diamonds etc. That was because England controlled the high seas... Global trade itself. They did so until the first world war when we took over that task.

Partners in central banks (raw material producers) throughout history have always supplied credit to robber barons who we then slave for. That's why JP Morgan was near broke when he died because received credit from European creditors. He really never owned anything. It's colonial banking system that you wishes will revert us back toward in reconstituting a serfdom fiefdom global economic system right out of the era of the dark ages.



posted on Jan, 24 2012 @ 02:08 PM
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reply to post by 1947flxible
 

Well this means we can pretty much be expecting some false flag attack from the Iranians in order for us to attack them to "protect our freedom" lol



posted on Jan, 24 2012 @ 02:10 PM
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Originally posted by Propulsion
Well, it looks like America is going to be attacking India next. India already has nukes, so our Gov. can't use the proverbial "India is trying to procure nukes to blow up the world". Any bets on whether a civil war will start? Could Alkida or the Taliban be training suicide bombers behind their borders? Our Gov. will not allow this kind of behavior to take place. They will find an excuse to punish them for their deeds. I guarantee it. Maybe I should put a thread together on how it’s going to happen. Any thoughts…

huh.... dream on!!
Do'nt mess with us...



posted on Jan, 24 2012 @ 02:14 PM
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Originally posted by TWISTEDWORDS
reply to post by LilDudeissocool
 


let's look at his for a moment. December 2011 Japan, China, India, South Korea and Iran agreed to trade with each other without U.S. dollars. it was a precursor to this event. last week China signed an agreement with UAE oil to purchase oil with Yuan and not U.S. Dollars. Now we have this that Iran can still play with the world using rupees, oil, gold and Yuan.

So you don't need a central reserve when you have the major players trading with themselves. The U.S. will hurt out of this and not them. their trade will continue. My hunch is gold will be used as the reserve for a couple of years and then they will stun the world as china becomes the reserve.



That looks like the course the global economy is on unfortunately unless we can wake in time and protect the USD before it falls. It's in our best interests to do so.



posted on Jan, 24 2012 @ 02:15 PM
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Happened across this Wall Street Journal article while verifying some facts...

WSJ Online. Mar 2, 2011: Why the Dollar's Reign Is Near an End


Consider this: When a South Korean wine wholesaler wants to import Chilean cabernet, the Korean importer buys U.S. dollars, not pesos, with which to pay the Chilean exporter. Indeed, the dollar is virtually the exclusive vehicle for foreign-exchange transactions between Chile and Korea, despite the fact that less than 20% of the merchandise trade of both countries is with the U.S.


"I believe that over the next 10 years, we're going to see a profound shift toward a world in which several currencies compete for dominance."

we goin' down!



posted on Jan, 24 2012 @ 02:21 PM
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Not a big deal, it's like chess, sacrifice rook - take queen... I am sure we planned for this a long time ago. The very reason we barely drill for oil here, it is not because of the EPA and the environment. All the US has to do (and probably will soon) is tell the EPA to shove it and start a mega-drilling operation on home turf, killing two birds with one stone 1. Oil Independance 2. Job Creation. Of course America (if they got off there Industrial Revolution ass) could really step up to the plate and create a real sustainable energy source and have it applied and kill a flock of birds with one stone 1. Oil Independence / Obsolescence 2. Job Creation x 10 (Out with the old in with the new) 3.Limit Green-House Gas and Nuclear Waste 4. Set a new precedence on life standards (just like America always has done)...

Maybe I'm just the glass is half full type of guy... the only reason WWII pulled us out of our mess before was because we stepped up to the plate and created mass-jobs to increase our military 1000 fold in less then a year.

I mean when you see things like the "Ford Hiring Line"... America seems hungry to go to the next level and nothing creates more skilled and non-skilled jobs than "out with the old - in with the new"



posted on Jan, 24 2012 @ 02:30 PM
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reply to post by Thermo Klein
 


I hate to say I agree but im afraid I do, but I hope were wrong even though I deplore the governments actions in our country's UK & US I presume,

I would hate to see America fall and also the UK who I think fell long ago into the abyss. I would never wish Americans any harm and hope that one day the people will rise and take power back from the government and that they help free the people of this world from this evil elitist game, that's played every were Id rather American rule than Chinese or Russian if I had to chose but Id much rather be a FREEMAN please .



posted on Jan, 24 2012 @ 02:37 PM
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Haven't read the whole thread but do we know this is true?

Surfing around it looks like all sources link back to DEBKA.



posted on Jan, 24 2012 @ 03:05 PM
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Ok so when everyone starts paying with gold...

What'll happen when the US open up Fort Knox and its empty?
They will be sol...



posted on Jan, 24 2012 @ 03:23 PM
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Does anyone here know the facts on how a reserve currency operates when it comes to how an issuing central bank maintains its solvency?

There is always a reserve meaning that there is always more money on had within a year than is loaned out at the Discount Window even in times of the most liberal lending FED policies. That is even when lending is practiced on a mark to market bases the oil revenues for example of major depositors deposited in the FED's member banks is loaned out a head of time in having more money than is in reserve for only a few quarters. You see when the oil is used and converted into services and products those revenues become assets too just like the original oil revenues derived from raw crude. All assets are eventually accounted for in dollars, currency that was created beforehand. This gap between currency being released at the Discount Window to the time real assets are accumulated from raw materials being converted into finished services and products usually is only one year. Without lending on such a bases we would not have enough liquidity in the market to maintain it functioning and the economy would then freeze.


So when you hear the FED prints money out of nothing it is a total LIE!

Some food for thought when you think the FED is nothing more than a printing press so to speak.

Now... no oil being traded in USDs meaning no future assets any longer maintaining the gap explained in my above text. That means no value in the USD because no upstream demands will be place on the USD any longer maintaining its value.

End the FED and its status as a global currency because it is no longer a petro recycled currency, and you will be living in a third world country overnight.



posted on Jan, 24 2012 @ 03:31 PM
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Originally posted by Gorman91
I think it is therefore good that the dollar looses its superiority. Because we need to start being more socially responsible with who we do business with. You can nation build purely from economic power, not just military power.


A very interesting post. Be careful what you wish for however. If you think that the US is financially driven rather than socially responsible, wait till you get a load of the Chinese.

Lovely people on a social level but great believers in the winner takes all and that all is fair in love and war, and business.

I prefer Americans.



posted on Jan, 24 2012 @ 03:46 PM
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Abrupt ending, Interesting




posted on Jan, 24 2012 @ 04:20 PM
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I think this is one of the most important threads in recent memory, I just wonder if there isn't something much more sinister behind this whole deal..either all the major powers are in on this to bring about the New World Order or a new monetary system....because surely the powers involved in the move to sanction Iran thought out this move before they executed it..knowing full well Iran would be backed into a corner and have no other alternative but to pay for oil with gold really what choice is left for them weren't their assets frozen?..and what of China, Russia India? I think their are 2 other countries not involved in the sanctions...We must be about to see some major change..my question is to anyone who can answer it is...who benefits from this? and why? I don't believe the US and others didn't know Iran would play this hand..I think they knew..but why??
Cheers Coco SnF





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