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

reply to post by bjarneorn


When people are absurd enough to say this I always have a good laugh at their expense.

Those two bombs at Hiroshima and Nagasaki prevented the death of millions and millions of both Allied and Japanese casualties that would have been lost guaranteed, invading the mainland of the Empire of Japan. If not for them having been used the war would have been extended by months, maybe even years, it could have been decades who knows. The alternative was the extermination of an entire culture.

The Imperials were brainwashed at childhood to believe their Emperor was god and that they were compelled to exterminate and take over the world because every race, particularly the Chinese, were inferior to the Japanese. In war, anything went for the Japanese. They had secret facilities devoted to the development of bio chemical weapons all over Manchuria. These bio chemical weapons were the Japanese only hope of defeating the Soviets and the United States. They would pick people off the street, drag them to one of these facilities, inject them with various diseases like Bubonic Plague or Glands, Syphilis, etc., and then they would, without the use of an anesthetic for fear it would tamper with the results, dissect these people alive to record the effects of these diseases, and then do what they could to reverse the deformation to aid Japanese soldiers.

They performed the most bizarre medical experiments on Human beings that the world has ever seen. I cant believe people think Hiroshima and Nagasaki were atrocities. Get an education.

reply to post by maybejustmaybe


Since when do we have to worry about countries that arent mandated by their ridiculous religious beliefs to take over the world and exterminate mass groups of people?

I live in Canada, Ontario to be more precise and for about the last year and a bit these cash for gold outfits have been popping up everywhere.

Our local paper is full of ads, the radio is the same, just now I brought in the mail and what do you know!, we received yet another ad today.....This one even does house calls for free!..

I don't know how bad it is on the TV because we don't do TV here so maybe some people could chime in on that.
These ads strike me as being on the aggressive side and so they annoy me more than the usual crap we get.

I think somebody knew this was coming and have been preparing for it..
I wonder if this is going on in other parts of the world as well? Maybe some posters could chime in and it might just give us all an idea of the scope of this and maybe if the two are connected?
Is this happening in Europe,Asia,?

Just a thought thanks to the mail today.
Regards, Iwinder

reply to post by jondave


Just remember,the USA WILL take everybody with us...as will ISRAEL. Seems to me that you picked your side, which is against America/Israel...Have fun waiting your turn...

The USA/Israelaregoing NOWHERE!

reply to post by USUKISRAELFTW


Then move to a country where free speech is opposed and where they victimize minorities and kill people for their beliefs. Enjoy!

reply to post by theBigToe


I don't have to move anywhere! WE COME TO YOU! The last thing you would want is for my people to pay you a visit...you are nothing to us.

reply to post by Observor


Like I said. Not going to pretend to know the gold rates in India. It just seems like a geological location where you would find a lot of it. That's my assumption.

There is simply not enough gold to back international and domestic commerce in the world at current exchange rate of gold to different currencies. So it is not possible to back all the existing currencies with 100% gold even if all the gold held, both publicly and privately, were to be concentrated in the hands of the governments. So what would be the motivation and justification for such a move?

Primarily an FU from a powerful nation to the rest of the world. See although you could not produce gold for all currency, you could revalue it. You take your gold, you take your population (specifically, your ratios of poor, rich, and middle class), and you divvy it up accordingly.

This is an economic weapon of both mass destruction and last resort. An action that essentially cuts you off from the global economy. Because what you are doing is vastly deflating worth value to established a fixed exchange rate. Billionaires become millionaires, millionaires become even less, and the poor have but a few cents. It's a reset button. Erase all the world, and only have that fixed exchange rate based off the parameters of your gold, and your population's wealth.

Why would you do it? Well, if the world was going under economically and you wanted a way to get out of it, you could do this to cut yourself off from the world's economic problems. Of course, you could only do this under absolute, north Korean styled, isolationism.

Thing is, it is just as I said. Only to be done in dire cases of complete economic collapse at a global scale.


And to those ends, you could just as easily link the currency to your gdp. cash would be backed by labor and gold. In this case, you end up creating either a national socialist society, or a labor barter system, or both.

reply to post by USUKISRAELFTW


Whose your people?

Originally posted by USUKISRAELFTW
reply to post by Iwinder

 

Canadians sure are stupid...cash for gold has been around for GENERATIONS! Ever here of a PAWN SHOP????

Yes we have a couple here in town, my post was about all these new companies here that are aggressively seeking gold and nothing else.

Regards, Iwinder

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This is nothing major. The banks that are able to carry out the transactions cannot be sanctioned in India by UN or US or EU. The economy still has to run for the indians as they rely heavily on foreign oil and they have to make a payment in some form or the other as Iran doesn't accept USD. Remember last year when both India and China purchased tonnes of gold? Think about it this way what if they were pressured or cautioned about the coming crisis this year with Iran and that would need something to backup their oil trade with Iran? I think India/China and US are very well aware of the game plan. They're simply playing their part in the Geopolitical Chess Game. Will have to wait and see when China does the same which I believe might be a trigger point of more sanctions?/actions? who knows. Upto certain extent I believe even the Russians are in on this one too along with EU/US/UN. Once all the contractual obligations are met with Iran, I'm sure they'll start to look in another direction. Just a thought.

reply to post by USUKISRAELFTW


I think were both on the same side. I read your comment, "the U.S./Israel are going nowhere!" and thought it was you insulting those governments. Glad to see I am wrong

Secularism is the future.

So we're going back to the gold standard I see. Realizing that Fiat money is still based on something, which was oil, in the Greenback's case. So now that countries are buying oil with gold the Greenback will lose most of it's intrinsic value.

Now something else will have to replace oil to value the Greenback, or else the value of the currency will come crumbling down sooner than expected.

do the average american realize how skrewed they will be if more countries start to use gold as payment for gold. Old ben will have a [snipped] heart attack when no one want the #e us dollar for payment for oil anymore. See you americans got no gold were skrewed out of it by your goverment hahahahahaha LMFAO. you porn your childrens future for a buck and a cholestrol induce early death. who hold the mostgold reserves and who got the gold to mine hmm not america.so where do the economies of scale gonna move to????

If Iran sells oil to private smugglers and brokers, and they in turn sell to other countries, how would anybody know for sure the oil is not from Iran ?

Can a chemical test tell the difference.

And what if Iran stores their gold in a Chinese bank or any other "friend" of Iran ?

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reply to post by xuenchen


Iran has resisted the colonizing powers of the world for many years and I don't think they would fall for the international baking scheme just because it came from a gold and red flag rather than red white and blue.


The smuggling statement is valid however, and brings to mind past wars in the region over similar actions involving opium and other resources.

I imagine every oil source has some chemical marker, but I doubt anyone would care that much.


Ultimately the oil will go somewhere. The US cannot control that. Sanctions just ensure Iran has allies now. It all seems too planned. Obama has proven he has China in his cross-sights and I have no doubt this is just one of many policies to make China an enemy.

reply to post by USUKISRAELFTW


Stop insulting or you will be banned, fyi. It's not funny. It's demeaning and honestly makes you look immature.