Iran introducing a Euro-based energy exchanges
The news about Iran always gets worse. Let's forget about the truth or falsity of Wednesday's Guardian report on a western intelligence assessment that draws upon material gathered by some European agencies regarding Iranian trying to assemble a nuclear missile and stuff like that. Well... Iran is next target and the reason Iran is next has nothing to do with a nuclear threat or even current political issues but the financial threat of Iran introducing a Euro-based energy exchange and so-called 'oil bourse'.
Stay with me... this is high powered global gamesmanship. "Starting in 2006, Iran will start up an oil bourse, or a stock exchange for trading energy, that will be based on the Euro, not the US dollar. While this may seem innocuous, it will be a grave risk to continued American global hegemony."
Read an article by Ryan McGreal; Sidebar: Iran in the Crosshairs.
Excerpt: "One of the major un-stated and not-spoken reasons the United States invaded Iraq was to stop Saddam Hussein from trading oil for Euros, which he had begun in 2000. He actually made more money selling oil for Euros, as the Euro appreciated 17 percent against the dollar between 2000 and 2003. Other countries in the region, particularly Iran and Syria, began public musing about switching from dollars to Euros around the same time.... All three countries were subject to a barrage of threats from the United States government, but only Iraq went through with the switch, and it was summarily invaded. One of the US government's first acts in Iraq was to switch oil sales back to dollars."
Switching from Dollar to Euro is certainly a correct decision. Iran is not the only country that thought of this switch, China, Japan and South Korea have done it already, part of their national savings and trade is done in Euros. Euro is stronger, and is less prone to devaluation than the Dollar.
The US is extremely paranoid about losing power and dominance over global trade, but this is a "fact" that can not be changed by imposing wars, it's something that the US government should recognise and deal with. The problem is that the American system is resisting change, they want to keep living on top of oil-based and military-based industries. It won't work anymore.
Do you think that the country of Iran can afford another deadly war? Also, do you think the American military and aconomy can afford another war? I don't think so.
Invading Iran will not change the course of Dollar devaluation. While the paranoia you referred to is correct, US Americans have to learn to adapt to the new world.
(at January 5, 2006 06:23 PM)
I agree with Patrique. If the US crosses the line and gets embroiled in a war with Iran, it may very well lead to a currency/hydrocarbon world war. The results could be devestating.
(at January 6, 2006 12:46 AM)
is it just me, or has the guardian been increasing its anti-iran rhetoric lately? i only started noticing in december...but i find it troubling nonetheless.
sz
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