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Starting pistol fired for tony's next war.

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Old 17th Jan 2006, 16:13
  #21 (permalink)  

 
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Originally Posted by air pig
I doubt that the US would act unilatterally, in concert with the Israeli's is possible but given the political fallout not likely, but her come's Tone, always glad to help.
As I have said before I hope not !!!!!!!!
Not sure of the full source of this, but it surely worries me.
Airsound
January 4, 2006 - On November 10th 2005, a Report was published that described one of the unspoken reasons why the United States had to invade Iraq; to liberate the U.S. dollar in Iraq so that Iraqi oil could once again be purchased with the petrodollar.
In November 2000, Iraq stopped accepting U.S. dollars for their oil. Counted as a purely political move, Saddam Hussein switched the currency required to purchase Iraqi oil to the euro. Selling oil through the U.N. Oil for Food Program, Iraq converted all of its U.S. dollars in its U.N. account to the euro. Shortly thereafter, Iraq converted $10 billion in their U.N. reserve fund to the euro. By the end of 2000, Iraq had abandoned the U.S. dollar completely.
Two months after the United States invaded Iraq, the Oil for Food Program was ended, the country's accounts were switch back to dollars, and oil began to be sold once again for U.S. dollars. No longer could the world buy oil from Iraq with the euro. Universal global dollar supremacy was restored. It is interesting to note that the latest recession that the United States endured began and ended within the same timeframe as when Iraq was trading oil for euros. Whether this is a coincidence or related, the American people may never know.
In March 2006, Iran will take Iraq's switch to the petroeuro to new heights by launching a third oil exchange. The Iranians have developed a petroeuro system for oil trade, which when enacted, will once again threaten U.S. dollar supremacy far greater than Iraq's euro conversion. Called the Iran Oil Bourse, an exchange that only accepts the euro for oil sales would mean that the entire world could begin purchasing oil from any oil-producing nation with euros instead of dollars. The Iranian plan isn't limited to purchasing one oil-producing country's oil with euros. Their plan will create a global alternative to the U.S. dollar. Come March 2006, the Iran Oil Bourse will further the momentum of OPEC to create an alternate currency for oil purchases worldwide. China, Russia, and the European Union are evaluating the Iranian plan to exchange oil for euros, and giving the plan serious consideration.
If you are skeptical regarding the meaning of oil being purchased with euros versus dollars, and the devastating impact it will have on the economy of the United States, consider the historic move by the Federal Reserve to begin hiding information pertaining to the U.S. dollar money supply, starting in March 2006. Since 1913, the year the abomination known as the Federal Reserve came to power, the supply of U.S. dollars was measured and publicly revealed through an index referred to as M-3. M-3 has been the main stable of money supply measurement and transparent disclosure since the Fed was founded back in 1913. According to Robert McHugh, in his report (What's the Fed up to with the money supply?), McHugh writes, "On November 10, 2005, shortly after appointing Bernanke to replace Greenbackspan, the Fed mysteriously announced with little comment and no palatable justification that they will hide M-3 effective March 2006." (To learn more about Robert McHugh's work, please visit https://www.technicalindicatorindex.com/Default.asp)
Is it mere coincidence that the Fed will begin hiding M-3 the same month that Iran will launch its Iran Oil Bourse, or is there a direct threat to the stability of the U.S. dollar, the U.S. economy, and the U.S. standard of living? Are Americans being set up for a collapse in our economy that will make the Great Depression of the 1930's look like a bounced check? If you cannot or will not make the value and stability of the U.S. currency of personal importance, if you are unwilling to demand from your elected officials, an immediate abolishment of the Federal Reserve Act of 1913 and the fiat money scheme that the banking cartel has used for nearly a century now to keep our government and our people in a state of perpetual debt, than you are faced with but two alternatives, abject poverty, or invading Iran.
The plans to invade Iran are unspoken, but unfolding before our very eyes. The media has been reporting on Iran more often, and increasingly harshly. For the U.S. government to justify invading Iran, it must first begin to phase out the War in Iraq, which it is already doing. Next, it must portray the Iranian President, Mahmoud Ahmadinejad, as a threat to the region and the world. Finally, once naive American people are convinced the "weapons of mass destruction" that were to be found in Iraq are actually in Iran, coupled with the almost daily media coverage of Iran's nuclear power / weapons program aspirations, and what we will soon have on our hands is another fabricated war that will result in tens of thousands of civilian lives being lost, all because the political elected pawns in Washington DC lack the discipline to return our currency to a gold or silver standard, end the relationship with the foreign banking cartel called the Federal Reserve, and limit the activities of the U.S. government to those articulated in Article I Section 8 of the Constitution for the United States of America.
When a wayward and corrupt fiscal policy and fiat currency, coupled with runaway government spending, forces a nation to only be able to sustain the value of its currency with bullets, the citizenry of the country involved in wars primarily to sustain its currency have historically first became slaves to their government, and then to the nations that finally conquer them. If you question the validity of such a premise, or whether it could happen to the United States of America, study the fall of the Roman Empire. If you read the right books on the subject, you'll quickly discover that towards the end of the Roman reign, the Roman Empire was doing exactly what America is doing today; attempting to sustain a failed fiat money system with bullets.
Understanding fiat money is not an easy task, and the Federal Reserve, World Bank, and International Monetary Fund have purposely made it that way. They do not want the American people to realize that the money in their wallet loses its value with each new dollar that they print. They do not want people to understand that our money does not become money until it is borrowed. When the Federal Reserve has money printed, when it is in uncut sheets of paper, it is not yet money. After it is cut, bundled, and placed into the Federal Reserve vaults, it still is not money. It only becomes money once it is borrowed. Consequently, if all debt were to be paid, if the United States didn't have an $8 trillion national debt and the American people were debt free, and if all loans of U.S. dollars made to foreigners were paid in full, there would be exactly zero U.S. dollars in circulation because it will have all been returned to the vaults of the Federal Reserve. This might seem hard to fathom, but it is the gospel of fiat money.
The major news media in the United States, fed by Washington DC which in turn is fed by the Federal Reserve, literally, has already begun conditioning the American people for invading Iran. Media accounts of Iran's nuclear ambitions along with amplification of the potential instability and core evilness of Iran's president, Mahmoud Ahmadinejad, is setting the stage to spring the invasion of Iran on the American people. There does appear to be a direct correlation between the winding down effort underway in Iraq and the increase of anti-Iran rhetoric. How American soldiers ultimately arrive in Tehran is uncertain at this time, but it is reasonable to expect that if the Iran Oil Bourse opens for business in March 2006 as planned, it will only be a matter of time before the United States will have to blow it up.
If the United States invades Iran, or if Israel starts military actions by launches missiles at Iran's nuclear power facilities, which then opens the door for the United States to intervene, most Americans will believe that our military actions in Iran will be to defend freedom and liberty while spreading democracy, when the truth is that we'll be fighting a war in Iran because of our nation's relationship with the Federal Reserve, a so-called bank that is not owned by the federal government, maintains no reserve, and isn't a bank at all, but a cartel. Just like our war in Iraq, Americans and foreigners will die in battle so that the historical power bankers and brokers; cartel members such as Rothschild, Morgan, Lehman, Lizard, Schrader, Lobe, Kuhn, and Rockefeller to name a few, can continue collecting interest on every single U.S. coin and dollar bill in circulation, while controlling the U.S. Congress to the extent that the U.S. taxpayer becomes the collateral and lender of last resort to cover bad loans and unpaid debts that these institutions create by loaning money to third world countries, some of which are devout enemies of the United States. Remember the $400 billion savings & loan bailout approved by the U.S. Congress during the Reagan Administration? America is still paying for it - you and me, and so will our children and grandchildren.
It is well overdue for Americans, every American, to do whatever it takes to fully understand the relationship between the United States and the Federal Reserve, along with the grave consequences of our current fiat money system; for even if the United States wanted to continue to sustain the supremacy of the U.S. dollar with bullets, it is historically, impossible. When bullets become the commodity to secure a currency, it is a clear sign of devastating calamity looming. To ignore the warning signs, is to suffer like you have never suffered before, or to die. Harsh words, but true.
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Old 17th Jan 2006, 16:24
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cartel members such as Rothschild, Morgan, Lehman, Lizard, Schrader, Lobe, Kuhn, and Rockefeller to name a few, can continue collecting interest on every single U.S. coin and dollar bill in circulation, while controlling the U.S. Congress to the extent that the U.S. taxpayer becomes the collateral and lender of last resort to cover bad loans and unpaid debts that these institutions create by loaning money to third world countries, some of which are devout enemies of the United States.
A tad Jewish Conspiracy for my liking...
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Old 17th Jan 2006, 16:46
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WARNING - HISTORY AND CONJECTURE!

Iran is my favourite country for study... a very interesting nation indeed. A little history can shed light on the present.

When the Shah fell in 1979 there were many different factors that enabled the Ayatolla to proclaim an Islamic republic. Perhaps the most impotant factor was, unsurprisingly, oil.

Back in the early C20th the British Persian Oil Company held the Shah under an effective stranglehold, a condition considered necessary for the British Empire to assert its authority in the Middle East over Russia. The Great Game of the 1800s, when Britain and Russia duelled across the Middle East to achieve dominance, in truth never had a definite outcome other than the fact that Persia became intensely suspicious of imperialist Russia and Britain, and the USA which had duplicitously - and skilfully - played one side off against another in order to avoid any one nation having a de facto monopoly over oil. This battle intensified when the RN and USN switched to oil-fired engines.

Persia was able to maintain its independence due to the enormous difficulties its topography posed to any hostile power. A dispirate land of deserts and mountains, it wasn't until Reza Shah embarked on his ambitious programme of reforms that it was truly governable as a single nation. However, his attempts to westernise the nation alienated the powerful religious leaders, leading the Grand Ayatolla Khomeini to lead an uprising that exiled the Shah.
After the fall of the Shah in 1979 the people of Iran found a new nationalist direction under the religious leadership of the Ayatollah - and that nationalism was fundamentally fuelled by hatred of the USA due to its shady dealings in the country over the last century, and also intense rivalry with the neighbouring Iraq. Nationalism has formed the basis of Iranian politics ever since, with politicians vying to seem the most anti-American. The election of President Ahmedinejad last year saw the return of fervent anti-Western sentiments to the fore, and poses an increased risk that Iran will attempt to meddle in Iraqi affairs (several pro-Iranian presidential candidates were defeated in the Iraqi elections last year). With Saddam gone there is no effective strong-man in the middle east, enabling ancient tribal and religious feuds to fester. Only the occupying forces in Iraq are able to prevent it from tumbling into utter chaos; the consequences of failure would be dire.

How does this reflect on the present? Well, Iran is actually a pretty stable democracy, albeit one dominated by a single unelected figure (the Ayatollah). When the people of Iran selected Ahmedinejad as their president, it was a clear indication of the genuine ascendent distrust and, indeed, hatred of the West since its invasion of Iraq. While the USA and UK - the two powers most effectively able to wage war in the ME while Russia is tied down with Chechnya and China is modernising its forces - are bogged down in Iraq, Iran sees a great opportunity to modernise, regroup and rearm its forces in preparation for any power vacuum that develops when the Coalition eventually withdraws from Iraq. The simple fact is that Iran has a national ideology of utter hatred of the USA. The Army would find no shortage of recruits to fend off an invasion, and would probably run out of weapons before it ran out of soldiers.

Now for the opinion bit... I think that the USA will soon find itself having to balance two unpleasent scenarios. One where it has to leave Iraq early to intervene in Iran, which would plunge the ME into catastrophe, and another where it has to stay in Iraq while Iran develops its capabilities.

The worst case scenario is that a pre-emptive strike on Iranian facilities would result in a rapid and massive retaliation, with Iran likely to push forces across the Iraqi border to launch an assault on the Coalition. The UK would find itself in a politically unacceptable situation, and Parliament would likely demand the withdrawal of troops from the conflict within the first few weeks. The US's coalition would dwindle while Iraqi insurgents find themselves better able to mount effective attacks on the increasingly stretched US forces. As all of this goes on, Iran would restrict or stop oil exports, sending oil inflation through the roof to a point where escalation of hostilities would become necessary for the US to restore balance to the global economy. It is at this point that the horrific possibility arises that even Russia and China may find themselves embroiled in the war, although it is hard to predict what their actions would be. The ABSOLUTE worst case is that in the midst of this chaos, North Korea rears its ugly head... I doubt that the worst of these possibilities will occur, though. China and Russia have no will to clash with American forces, the question will be what their actions are in the face of hyperinflated oil prices. What is clear is that if the USA tries to insert land forces into Iran it will be confronting its most capable enemy since WWII, and it would have to consider the possibility that it would be stuck in Iraq and Iran for a decade or more with a massively reduced capability to fight other battles in the meantime.

Best case scenario... diplomacy triumphs. Iran assesses that it cannot fend off an assault from US and coalition forces, and backs down. Ahmedinejad, having lost face over the debacle, loses his power base and is deposed at the next presidential elections by a more insular president. Israel realises that the anti-Zionist threat from the ME has (for now) receded, and its new PM makes greater moves to secure the Israeli homeland. I think it unlikely that the USA would tolerate Israeli strikes on Iran due to the turmoil this would cause in the region.

One hellish, one utopian, both personal (maybe irresponsible?) opinions. Anyone else with other predictions?

Airsound - What is the current monetary difference between the total fiduciary issue of US Dollars versus the reserve of gold and silver (I'm looking into this at the moment)? How is the US supposed to return to the gold standard? The reason the gold standard was abandoned is that there is a finite amount of gold, silver, palladium, etc in the world, but an infinite potential for economic activity. The truth is that when banks establised their cash ratios and people started to create money through loans and overdrafts to an ever-increasing level, fiduciary issue of money became an absolute necessity. If you try to restore the gold standard, you have to cut back on the circulation of literally trillions of dollars, and that would devastate the global economy beyond repair. Either that, or gold would have to be devalued so massively that it becomes effectively worthless and other standards of currency guarantee would start, both legally and illicitly.

How does your source tally his desire for the gold standard (and the attendant drop in money supply) with the economic tenet MV=PT? What does he think will happen to firms and households if the price level is forcibly suppressed or reduced, transactions limited, or velocity of circulation deliberately increased to make up for the shortfall in money supply? How can we have economic growth if money supply cannot increase?

I wouldn't be worried - it sounds like conspiracy theory claptrap, some poor chap who needs something in his life and can find nothing better than the irrational fear that "they" are out to get him. You'd find more truth in a book by David Icke.

Last edited by tablet_eraser; 17th Jan 2006 at 18:10.
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Old 17th Jan 2006, 17:54
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The politicians will not put two and two together. That job is for their military advisors.

So, when Dubya and Bliar are told of the troop requirements necessary to hold the line against an Iranian invasion of Iraq - even a limited punitive raid - their resolve will falter.
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Old 17th Jan 2006, 20:07
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(Iran + Oil + Euros) + (American dollar + Economy) = Mil action

I think airsound has hit the nail on the head personally.
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Old 17th Jan 2006, 20:11
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China needs Iranian fuel and Russia has been a long term partner with huge military sales etc. These two countries WILL use their Veto at any attempt for sanctions against Iran. It's in their interests to! China is developing at such a rate that to have the same standard of living as America they would need at least another Globe's worth of resources (oil, metals etc)
I would not be surprised to see a China perusing a more active foreign policy to procure the resources that it needs for its expansion onto the world stage. Empires and their powers have swung from east to west for centuries. The USA is an empire and its demise will soon begin due to economic factors and the decreasing value of the dollar. The $ is propped up by Asian debt in the form of trillions of US Treasury notes. China has said today that it wishes to obtain better returns on its investments than it gets from the dollar. They will become sellers of $ and the US economy will falter.
In the mean time China/Russia will not allow sanctions and definitely no military action.
I believe the EU3 and USA are powerless to stop this happening without dire apocalyptic consequences.
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Old 17th Jan 2006, 20:46
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Originally Posted by tablet_eraser
WARNING - HISTORY AND CONJECTURE!
Airsound - What is the current monetary difference between the total fiduciary issue of US Dollars versus the reserve of gold and silver (I'm looking into this at the moment)? How is the US supposed to return to the gold standard? The reason the gold standard was abandoned is that there is a finite amount of gold, silver, palladium, etc in the world, but an infinite potential for economic activity. The truth is that when banks establised their cash ratios and people started to create money through loans and overdrafts to an ever-increasing level, fiduciary issue of money became an absolute necessity. If you try to restore the gold standard, you have to cut back on the circulation of literally trillions of dollars, and that would devastate the global economy beyond repair. Either that, or gold would have to be devalued so massively that it becomes effectively worthless and other standards of currency guarantee would start, both legally and illicitly.
How does your source tally his desire for the gold standard (and the attendant drop in money supply) with the economic tenet MV=PT? What does he think will happen to firms and households if the price level is forcibly suppressed or reduced, transactions limited, or velocity of circulation deliberately increased to make up for the shortfall in money supply? How can we have economic growth if money supply cannot increase?
I wouldn't be worried - it sounds like conspiracy theory claptrap, some poor chap who needs something in his life and can find nothing better than the irrational fear that "they" are out to get him. You'd find more truth in a book by David Icke.
I'm afraid I can't answer! I merely passed the comments on - as I tried to suggest, I don't even know where the piece came from. It was passed to me anonymously - but to the fiduciarily uninitiated (me), it looks at least interesting. Time will tell - maybe.
Whatever - it's food for thought......
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Old 17th Jan 2006, 20:58
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‘US planning to strike Iran’s nuke facilities:’ report

The United States is mulling a strike on Iran’s nuclear facilities this year and has informed NATO member states to make similar preparations, a report claimed today.

Military action against Teheran to foil its nuclear ambitions is one among several options being considered by NATO members, military Intelligence officials familiar with the Iran file told German daily ‘Der Spiegel’.

Pakistan, Saudi Arabia, Jordan and Oman are also being updated with the plan, with American officials saying a military operation is “a possible option”, without giving a timetable, ‘Ynetnews’ reported citing the report.

Der Spiegel reported that CIA head Porter Goss asked Turkish Prime Minister Recep Tayyip Erdogan during his latest visit that Ankara allow the US to use its military bases in the country for an air strike on Iran planned for 2006.

“What’s new about these reports is that the United States seems to be sending top envoys to ally countries in preparation for an attack. It is no longer a matter of hints we heard over 2005,” the German daily was quoted as saying.

The daily also quoted a New York Times report last year saying that US commando units have already infiltrated Iran to mark nuclear facilities for a possible strike.
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Old 17th Jan 2006, 22:32
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I think that Mil action is inevitable.

Iranian nukes are unnacceptable to Israel and the US and most european leaders, even France and germany are onside on this one, even if they will never agree to mil action publicly.

Israel WILL act alone if the US do nothing and the US know this. (Nuke capable missiles on parade in Iran with 'we will wipe Israel from the face of the earth' or words to that effect on banners stung from the missiles.)

Sanctions will hurt everyone.

So mil action it is.

The only way out i can see is if china russia and USA can all sing from the same sheet and force Iran to negotiate away the weapons part of it's programme. Unlikely unless the US can pull off a triumph for chinese relations. (maybe the promise of free trade with China)
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Old 17th Jan 2006, 22:59
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Airsound,

I know you were only passing it on - had to edit it to point the finger at your source. Whoever that deluded fellow might be!
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Old 17th Jan 2006, 23:25
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Should heaven forbid the US lead an assault into Iran, will that give the Chinese a chance to take over its rebel province as it likes to call Taiwan. Could the USA actually afford to have conflict on three fronts namely Iraq, Iran and China.

The use of a Euro based oil trading system may make or more possibly break the Euro as a currency, with all the devestating effects in Europe. Twenty five nations cannot have the same interest rates as method of fiscal control for such dispariate economies, we ahve ready seen the effects in Italy and Portugal on one hand and Germany and France on the other.

The more serious point is that the war drums are being slowly beaten and the tempo is rising in the media both through written, spoken and web based areas. I fear that this is an attempt to slowly condition the population of the nations of the world to acceptance of a war footing, in the not too distant future.

If tony Bliar and George Bush thought the were protests over Iraq, just watch this one. The UK armed forces have lost people by not re-enlisting, new recruit numbers have fallen, infantry cuts have been stopped, and many have left the reserve forces, leaving many units undermanned, and under-resourced in particular the medical units.

Over 4000 have been brought back from Iraq in three years both as battle trauma casualties including those who have been evacuated due to illness. Still the MoD refuses to release true figures to the media. We do not know how many have died following evacuation, how many are psychiatric casualties, who will require extensive care following their experiences, unfortunately I believe that they will not receive the care they deserve.

I go to bed tonight praying we are not moving headlong into a bloodbath that will condem thousands to a terrible future.

Politicians
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Old 18th Jan 2006, 05:45
  #32 (permalink)  
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JERUSALEM (CNN) -- As Israeli diplomats departed for Russia on Tuesday to discuss deep concerns about Iran's nuclear facilities, acting Israeli Prime Minister Ehud Olmert said the Jewish state cannot allow Tehran to acquire nuclear weapons under any circumstances.

Iran's Islamic government recently broke seals on its nuclear facilities and said it will resume research for civilian nuclear power purposes. International leaders fear Iran will use its nuclear technology to develop weapons.

"Under no circumstances, and at no point, can Israel allow anyone with these kinds of malicious designs against us [to] have control of weapons of destruction that can threaten our existence," Olmert said at a Tuesday news conference.

Iranian President Mahmoud Ahmadinejad sparked widespread international condemnation in October when he called for Israel to be "wiped off the map."

Israeli officials have said they hope to use diplomacy to diffuse any possible nuclear crisis with Iran, and only to use military force as a last resort.......
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Old 18th Jan 2006, 07:19
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Originally Posted by Grimweasel
China needs Iranian fuel and Russia has been a long term partner with huge military sales etc. These two countries WILL use their Veto at any attempt for sanctions against Iran. It's in their interests to! China is developing at such a rate that to have the same standard of living as America they would need at least another Globe's worth of resources (oil, metals etc)
I would not be surprised to see a China perusing a more active foreign policy to procure the resources that it needs for its expansion onto the world stage. Empires and their powers have swung from east to west for centuries. The USA is an empire and its demise will soon begin due to economic factors and the decreasing value of the dollar. The $ is propped up by Asian debt in the form of trillions of US Treasury notes. China has said today that it wishes to obtain better returns on its investments than it gets from the dollar. They will become sellers of $ and the US economy will falter.
In the mean time China/Russia will not allow sanctions and definitely no military action.
I believe the EU3 and USA are powerless to stop this happening without dire apocalyptic consequences.
Some additional facts of the case:

1. US is having to borrow $1.5-$2bn per day to cover existing budget defecits.

2. The biggest buyers of US debt are China, Japan and SE Asia- all of whom are reliant upon Persian Gulf oil and are not too keen on something kicking off that might interrupt the supply.

3. It is estimated that the US already owes China alone $250bn, this amount is increasing daily and the US would have to borrow even more to finance any little jaunt East of Shatt al Arab.

4. Do you think China, Japan et al would be in a rush to lend it to them? What do you think would happen to US borrowing potential (and the US economy as a whole) if the Chinese and Japanese, in order to get the point across, were to start selling US Treasury Bills?
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Old 18th Jan 2006, 07:26
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Ironic that Calder Hall, whose chief product was weapons grade fissile material for the UK V-force's thermonuclear weapons, is being decommissioned today.
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Old 18th Jan 2006, 12:40
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Airsounds article appears to have been written by a freelance writer named Ed Haas and was published here:

http://portland.indymedia.org/en/2006/01/331429.shtml
on the 5th Jan.

It would appear to have then been copied onto various bulletin boards around the world. As shown by this search:
http://uk.search.yahoo.com/search?p=...wrt&meta=vc%3D
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Old 18th Jan 2006, 13:29
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Hmmm, ex airframe mechanic. Obviously a wealth of professional knowledge of the subject....

Edward F. Haas CV: "I served in the United States Marine Corps from 1983-1993. My military occupation specialty was as an aviation structural mechanic. I performed aircraft maintenance on the AV8B Harrier, and A-4 Skyhawk. I trained in composite structural repair at McDonnell Aircraft Company in St. Louis. I also served as a Marine Corps Drill Instructor on Parris Island, SC..... I write letters, press releases, and articles for the Charleston County Libertarian Party. I also write and edit for the Muckraker Report and Team Liberty."
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Old 18th Jan 2006, 14:10
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One wonders why the Iranians don't just make the self-appointed gung-ho world policeman look even more stupid than he normally makes himself sound, by saying:

"Although it's none of your damn business, send who the hell you like to watch us diversify our national energy sources. Send Bush, Powell, the whole of the CIA if you like - all we're doing is reducing our dependency on oil and making more available for the international market".
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Old 18th Jan 2006, 15:17
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ORAC - True. Mr Haas's credentials up to the point where he admits to being a writer for the Libertarian Party seemed impressive enough. However, the Libs are an American equivalent of the Respect Coalition, screeching about perceived conspiracy and the evils of capitalism and globalism instead of concentrating on issues that are of genuine, direct concern to the American people (their faltering economy, whether Bush's tax-cuts are commensurate with his pledged support for education and health reforms, the privatisation of Social Security, the GOP's supposed "strangling" of opposition on Capitol Hill, etc).

One of the first things you learn in economics is the necessity of avoiding value judgments in order to maintain your credibility.

all because the political elected pawns in Washington DC lack the discipline to return our currency to a gold or silver standard...
Pure value judgments. Let him make his case with the impassioned concern of the worried citizen; accept his fear of an impending disaster in Iran; but pity his flawed understanding of economics and his paranoid fear of the Fed.
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Old 18th Jan 2006, 16:54
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<<By the end of 2000, Iraq had abandoned the U.S. dollar completely.>>

Not quite true as the pictures of US troops with pallet loads of US dollars that had been removed by SH from the bank just before the fall of BD showed that the ba'athists still retained their faith in the mighty $
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Old 18th Jan 2006, 17:31
  #40 (permalink)  
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Remember in most parts of the world the US Dollar is almost a reserve currency, with most retailers accepting in lieu of local currency as payment for goods and services. In some places it is far better than the local currency, try that with the Euro, Yen or pounds Sterling and see how far you get.
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