reply to post by Willbert
Just a little note, not all oil are traded in US dollars, Iran in 2006 established a future market and sale of oil in euros or the local currency from
the country that buys. So china can shop oil in yen and russia in rouble and Iran uses this money to buy back goods and service from those countries.
This is not good for the US and their petrodollar, as of today they (US) has over 10 trillion dollars in debt by the government alone, consumers have
over 44 trillion dollars. The US is technically bankrupt, they will never be able to pay their debt to the countries they owe money..
It is well enough to sit here and discuss this and that, but to get a complete grasp you really need to understand money and who it works, its always
about the money...
video.google.com...
you really need to see this movie... and ofcourse, many here say it's about oil and they are absolutely correct, please look at this 60 min video
lecture, this is Cm Roscoe Bartlett giving a lecture to the US senate about peak oil, it's a absolute must see
www.youtube.com...
The # is about to hit the fan and it will start with iran. Either the us attack or israel, and don't underestimate the power of Iran, if provoked
they will unleash hell. US/UK/French has a lot of ships and manpower, but that doesnt help if they just send out all their rockets at once targeting
us bases, israel and all ships going in and out of the hormuz streight, a big tanker sunken there will not allow any other ships to pass there and a
potential of 40% of the world production of oil can vanish within hours.
We are not prepared for that....
This is about MONEY and lots of it, try to imagine what happen it the us dollar is dropping more in value.. it HAS already dropped 40% from 2001,
inflation is a flat tax on money, the government is pickpocket all their citizens..
I hope all that read this see the 2 movies and google Ron Paul, listen to what he says about money and economics and relate it to the war and what is
happening...
[edit on 11-8-2008 by Koskov]