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

Originally posted by Gorman91
reply to post by ollncasino

 

I suppose that is indeed true. However I think if China were to enter into a gilded age, it would in time force social changes. No nation on Earth has seen the rise of the middle class without the rise of social changes.

The sort of change which happened just recently ...

From an Asia Times Article by Francesco Sisci

BEIJING - It was for a few weeks the symbol of rebellion in communist China, the sign of the crippling of the state power, and the glaring signal of a coming revolution in Beijing. For weeks, the people of Wukan, a former fishing village in the southern province of Guangdong, fought against authorities who had allegedly seized common land, turned it into real estate while pocketing most of the proceeds, and rigged local elections.

and Bejings responce to the problem ..

Eventually, in the middle of January, shortly before the Chinese New Year, when traditionally all accounts have to be settled, provincial and national authorities decided to step in, making an unexpected decision. The leader of the rebellion, Lin Zuluan, 67, the age when leaders in China retire, was appointed secretary of the local branch of the Communist Party. He will be responsible for organizing a new local poll. Most of the press saluted the event, arguing that it marks a potential breakthrough in the way Beijing deals with dissent.

.....

And more pertinent to this Topic , another A Times Opinion on Iran and the BRICS group .

All that glitters is ... oil

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reply to post by DevilsApprentice


eh. Far too subjective to take it seriously. Some points to consider. But propaganda is propaganda.

reply to post by LilDudeissocool

Just a note this crap about "END THE FED" maybe is what Ron Paul wants. Maybe Ron Paul is a wolf dressed up like a wolf? He seems to like Iran after all.

End the FED means to end its currency in oil on the world's open market, and that will end America as we know it. It will turn American into a third world nation like Hatti ran by Paul and son like Papa and Baby Doc of Hatti back in the day.

Not sure how much you know about Ron Paul but he certainly believes that the America as you know it will end. He also says that if you don't do it deliberately when you still have the choice, you will be forced to.

In other words, the FED will end. If you don't choose to do so, it will when the currency it controls becomes useless.

So you can treat the dollar getting dumped as what Ron Paul predicted would happen, because of what the FED did.

If you want to shoot the messenger, feel free. But the message is still valid.

By the way, I don't think Ron Paul's alternative to the FED makes sense either. It could work only if, as your fear, the US is reduced to a 3rd world country.

It's about time to bust out some of tesla's classified technologies that i bet they have perfected by now. And switch to electric cars. That would render oil obsolete.

bbbuuuuttttt. i highly doubt they want us in the golden age just yet =/

Originally posted by mojo2012
It's about time to bust out some of tesla's classified technologies that i bet they have perfected by now.

What are you waiting for?

Oops, it is "they" that have perfected this technology that you are sure exists but have absolutely no proof of. It figures.

end the fed is done ask and you shall recieve . someone needs to tell them too turn the funny money presses off the monopoly game is over and no more worthless money is needed for this game . gold in now Money gold talks and worthless paper Walks!

Originally posted by Observor

Originally posted by mojo2012
It's about time to bust out some of tesla's classified technologies that i bet they have perfected by now.

What are you waiting for?

Oops, it is "they" that have perfected this technology that you are sure exists but have absolutely no proof of. It figures.

Tesla lost his funding because jp morgan didn't see profit in the direction tesla was going. Tesla's technology was taken by the fbi and now is classified. Now you have to ask yourself what you would do with his technology if you had pretty much unlimited money and were a greedy bastard.

I went to bed around 1:30 last night, do you believe me? I have no proof.

reply to post by mojo2012

I went to bed around 1:30 last night, do you believe me? I have no proof.

I won't ask you for proof. But if you tell you saw the government arrest a 200 year old man under the NDAA 2012, I would certainly ask you for proof.

reply to post by Observor


Google says the oldest people to have ever lived were firstly, all women, and secondly they lived to be in their 120's.

reply to post by theBigToe

Google says the oldest people to have ever lived were firstly, all women, and secondly they lived to be in their 120's.

Exactly. That is why when someone makes a claim of such an extraordinary technology that delivers unlimited energy (akin to a 200 year old man) that is confiscated by the government, sane people ask for proof. It is the existence of such technology that is unbelievable, for anyone who understands science anyway, not that someone would want to confiscate it if it exists

Originally posted by sy.gunson
Not that I am any fan of Iran, but it is rather amusing since the worlds financial problems seem to have grown exponentially since when the world's currencies departed from the Gold standard.

This is false. There were plenty of financial problems, some worse during various gold standards.

In truth there are only maybe four or five commodities of any real value anymore, Gold, oil, food and strategic materials like metals.

Since Wall street became a playground for those speculating on the value of commodities and indeed even speculation on the value of money itself (ie FOREX trading) actual currencies like the US dollar have become increasingly worthless and meaningless.

They have been inflationary over the long run, but they are not remotely meaningless.

We are not totally convinced this report is credible as DEBKAfile has just been uncovered as a Mossad/CIA joint mis/dis-information operation.

In the past several weeks we have been aware of "news" events originating from the DEBKAfile. Of late, it's been the "breaking news" story: Gold-for-Oil between Iran and India. The "news" story was picked up in turn by RT then by Madison Ruppert's EndtheLie, and probably others... Read more here>>

I beleive in this case that India has pretty much given the West a big "F-You"....

The US has sold india military hardware, Australia is selling them uranium even thou they are not signatories under the NNPT and they turn around and try and circumnavigate the sanctions placed on Iran for their own interest.

Question should be to India - where do your loyalties lie?

I have always thought of India as being self indulgent and playing the field/becoming friends with anyone that will push them further forward. I think India wants to be a superpower on their own right.

Going by their behavior, shouldnt anyone trying to get around the sanctions on Iran, by principle,have sanctions placed on them also?

This is a very interesting article for a somewhat 'mainstream' source like the Daily Mail, it is touting the advantages of silver over chemotherapy in some cases of cancer, strange I had to wonder what the political angle of the story was.

Usually MSM seems to attempt to discredit any types of treatment not patentable and under the thumb of Big Pharma, so why is this article trying to build up silver, could there potentially be some economic reasons involved???

www.dailymail.co.uk...