Posted on 04/30/2007 7:57:23 PM PDT by jdm
You both see it and get it.
The Petro-Euros are no game.
Iran will do it, along with Venezuela, and probably the Sudan and Libya.
The change is inevitable. Haters of the US understand that the only way to bring us down is to collapse our economy.
AlQueda tried with the WTC and 9-11.
Iran and Venezuela have been butt buddies lately.
China is bidding up the price of oil to help it’s own economy. They can produce more widgits to sell to the US and get more of our money to build submarines (another thread of the evening).
Bring down our economy and it reduces our ability to fight wars and defend ourselves. Oil is the key. We have to secure our own supply and do it very soon.
zarkman, dahling!
I knew you would get it!
Vicomte — Even Norway (an oil producer) has entered into the Bourse alliance.
It’s always interesting to watch the unfolding of events with someone who sees what is actually going on.
Of course we have a plan, to counteract this?
A preemptive strike on Iran (which I supported).
The problem is — we put two dogs in the field and neither of them hunt no more:
1. Iran had nukes (that dog went impotent after Iraq).
2. Iran is supplying weapons to the terrorists (that dog is running in circles).
I’m afraid we’re in for it.
(Oh, there was always the possibility that we could talk and collaborate with Iran, and make them an ally, but I’m afraid our foreign policy does not allow that.)
That is actually not too bad, it could be called business encouragement. At least it gets me off my lazy butt. Better then homeless, in any case.
Yes. Yhat is one way of looking at it.
ping
I wish it was the U.S. pulling out instead of Venezuela.
I understand the first, but why the second? I mean the World Bank lends money to poor countries and actually gets the money paid back - as this article points out. The US has effective control over the WB. Why pull out?
To move to the Euro as the basis for pricing oil is not to be an enemy of America, although it certainly does diminish US power in important ways. Europeans want to do it for their own self-interested reasons: it is economically better for THEM to be able to buy energy with their own currency, and not have to convert it to ours.
It is, of course, economically better for the oil producing states to be able to play one currency off the other. Iran and Venezuela are making the point of doing this to stick their finger in the eye of the US, but even if that were not the motivation, it makes good sense for all of THEM to do this.
What I don’t understand is that lil ol me, with a year of college and nearly 52 years of Degrees in BS can get it. But our elected PoliSci Grads, with master Degrees in Law, seem to have no comprehension of real world economics and how it relates to security issues..
It appears to be you and I against the world here.
My bunker is your bunker :)
Any foreign action that diminishes our power and affects our economic health is detrimental to America. Any nation that makes the oil currency change just to spite America is our enemy.
He who controls all the money, controls the world.
All money under the current economy is based upon the cost of energy. Without energy, no modern economy can exist. Control of energy is control of economics. Whoever owns the oil makes the biggest economic impact by moving to another currency.
A pox on both their houses.
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