Ok here we go folks....U.S. dollars no longer accepted for Iranian oil
RolandTD20Kdrummer
Posts: 13,066
It's on. Expect some serious shit to take place in the upcoming months.
http://www.breitbart.com/article.php?id=upiUPI-20071208-160026-8683&show_article=1
"U.S. dollars not accepted for Iranian oil
TEHRAN, Dec. 8 (UPI) -- The Iranian government reportedly is refusing U.S. dollars as payment for its oil, calling it an "unreliable currency."
Iranian Oil Minister Gholamhossein Nozari was quoted as saying Saturday that because "the dollar is no longer a reliable currency," his country would no longer accept it in oil sales, RIA Novosti reported.
"In line with a policy of selling crude oil in currencies other than the U.S. dollar, the sale of our country's oil in U.S. dollars has been completely eliminated," Nozari reportedly said.
The monetary move comes after Iranian officials proposed excluding U.S. dollars from oil sales at an Organization of the Petroleum Exporting Countries summit in November.
China's official Xinhua news agency said Iran's opposition of the U.S. dollar appears to be a response to growing pressure from the United States regarding the Middle Eastern country's controversial nuclear program."
http://www.breitbart.com/article.php?id=upiUPI-20071208-160026-8683&show_article=1
"U.S. dollars not accepted for Iranian oil
TEHRAN, Dec. 8 (UPI) -- The Iranian government reportedly is refusing U.S. dollars as payment for its oil, calling it an "unreliable currency."
Iranian Oil Minister Gholamhossein Nozari was quoted as saying Saturday that because "the dollar is no longer a reliable currency," his country would no longer accept it in oil sales, RIA Novosti reported.
"In line with a policy of selling crude oil in currencies other than the U.S. dollar, the sale of our country's oil in U.S. dollars has been completely eliminated," Nozari reportedly said.
The monetary move comes after Iranian officials proposed excluding U.S. dollars from oil sales at an Organization of the Petroleum Exporting Countries summit in November.
China's official Xinhua news agency said Iran's opposition of the U.S. dollar appears to be a response to growing pressure from the United States regarding the Middle Eastern country's controversial nuclear program."
Progress is not made by everyone joining some new fad,
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
Post edited by Unknown User on
0
Comments
You are such a buzzkill sometimes.
And I don't feel right when you're gone away
Yeah that might be so but it's hard to run from what's happening around the world. More peeps need to be aware instead of being continually complacent.
Peace
*MUSIC IS the expression of EMOTION.....and that POLITICS IS merely the DECOY of PERCEPTION*
.....song_Music & Politics....Michael Franti
*The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite INSANE*....Nikola Tesla(a man who shaped our world of electricity with his futuristic inventions)
Hey, what can I say....it's not my war but it's happening. The happy go lucky stuff is what AET is for.
Knowing is half the battle.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
the European Union is the new superpower... it all happened while they were flying the flag saing "america is the greatest country ever fuck yeah!"... it takes action to back that up and keep it that way... just saying it is worthless folks...
i suggest some folks read "The United States of Europe" by T.R. Reid if they want to catch up on what is happening and why the Euro has replaced the $ as the dominant currency globally
I am well aware as I read the news.
It was a sort of joke.
THough I guess not one for the serious crowd.
And I don't feel right when you're gone away
Couple of months is a bit too early I reckon. I doubt the US is in the position to do anything right now.
I know what you saying. If anyone has seen the final season of the Sopranos, a few folks on here remind me of AJ's character. Totally depressing. I'd shoot myself if all I did all day was search the internet for articles that were 100% negative.
Between this and Russia having an all out war fleet docked in iranian harbor, yikes!
I'd say this news is just what the euro and oil futures markets need right now to pick up steam again.
Both are sitting at the bottom of their trend lines looking for strength. Guess what? They found it.
Time to go long some oil or euro futures.
As for what this means to America?
Nothing good. Nothing good.
I can't wait to see if the MSMedia will run with this story or burry it in fear.
If more oil exporting nations start doing this kind of shit, the dollar will die faster than the Fed can say "rate cut", much less pull one off.
yikes!
If I opened it now would you not understand?
Well, it's kind of a serious topic.
In other news a fluffy kitty just got adopted, and chocolate bars are yummy. Is that better? hehe
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
Oh c'mon dude you LOVE war and conflict. Almost every post you tack up reads of it between the lines.
I'm calling big time hypocrite on this. An no....not all my posts are what you paint them to be
Trixies selective perception is contagious it seems.
Oh and always...shoot the messenger.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
US no...Israel...yes.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
all he was doing is giving you the news that is not going to be shown on cnn, fox, or network news. we can't all bury our heads in the sand like an ostrich and hope it goes away.
this is for real. see what bush's punk-ass bully foreign policy has wrought? they are no longer willing to work with our currency, and if they won't take the dollar, what the hell are we supposed to use for trade? weapons? knowledge of how to enrich uranium for nukes? i guess this is their best counter for the sanctions that we are unilaterally calling for, and frankly, we deserve it.
"Well, you tell him that I don't talk to suckas."
We will have to go on the market and exchange large volumes of dollars for euros.
Sounds easy enough, but the volume of dollars needing exchange to purchase said oil is so great that it will instantly drive the price of the dollar down and the euro up.
Looks like the EUR\USD spot price has broken its up-trend reversal (it had been going up, but recently was going down) and over the weekend has moved from 1.460 to 1.465
That is a 5\100ths increase in the price of the Euro vs. the dollar.
If you were in on that, you made some good money.
It sounds small, but in the forex world that is a big move.
I expect that will continue to go up significantly, especialy if\when dollars are actualy exchanged for euros to buy oil.
The fact that they aren't accepting the dollar, itself is a bad fact for the USD.
The fact that the USD will have to be exchanged in high volume, fundamentaly changing market flow, is even worse!
If I opened it now would you not understand?
First thanks for posting this. I wouldn't of heard about it till sometime later if I didn't see it here. If people don't wanna read about this stuff simply don't open the thread!
Israel can't do it alone. It'll have to be under the guise of a US force because Arab nations will rally around Iran if the Israelis attack them. That will be a first victory for Iranians. If the Israelis go at it alone, we'll have front row seats to WW3.
Whatever happens its not good news but its about time I think. Enough bullying.
RIA Nov. has been around for a while, but i don't know much about it.
It IS a Russian source, so you can take that for what you want.
However, given the current coziness between Russia and Iran, it would not be out of the realm of plausibility to assume a Russian news source would get the story first.
We should know by Monday or Tuesday if the story has been confirmed, i would imagine.
Meanwhile, in US Politics, THE FED has a HUGE decision coming on Tuesday in which they can do no right.
Cut the rate and give the market what it "wants" but what will ultimately debase the currency even further, or be strong and NOT cut ... which will send the market WAY down, and will also signal the deaththrows of the dollar by telling the market "Yeah we know you want it, but we just CAN NOT do it!"
YIKES.
If I opened it now would you not understand?
I think breitbart is an aggregator of new stories, not an original source. The source was listed as UPI (United Press International), on of the big boys. Their website lists the same article: http://www.upi.com/NewsTrack/Business/2007/12/08/us_dollars_not_accepted_for_iranian_oil/8683/
Yea, I wasn't trying to say it was unreliable, I just hadn't heard of it and was curious about it's reliability.
Oy, we are fucked.
The source, per the article, is "RIA Novosti"
Notice in the second line "RIA Novisti reports"
If I opened it now would you not understand?
Yes, that is better, thank you. Do you have a photo of said fluffy kitty?
It was just a joke...sunday morning...relaxing...waking up from a deep sleep after a long day...and here comes the angel of death.
That is all.
And I don't feel right when you're gone away
Sorry, yes. The source for the information in the article is RIA Novosti. The Source of the authorship of the article is UPI who is also a wire service which broadcasts stories, along with AP, Reuters and others, to major new outlets. I was pointing out where this story originated.
Here's an American Free Press (AFP) article. The China Daily also has it on their front page.
http://afp.google.com/article/ALeqM5jGC7KSKjsKYUTGAF1oR04-yOpBgg
http://www.chinadaily.com.cn/
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
Your a good man, jeff.
If I opened it now would you not understand?
good info, thanks for clearing that up for me. economics has never been my area of expertise
"Well, you tell him that I don't talk to suckas."
good info, thanks for clearing that up for me. economics has never been my area of expertise
"Well, you tell him that I don't talk to suckas."
for the least they could possibly do
Why is Forbes covering it and why is the rest of the media in a very real BLACKOUT? (China and the Islamic World are covering it, but NO american source besides Forbes)
a. Steve Forbes was recently on television supporting Ron Paul's pro-gold-standard position. Clearly he understands "real" value, and would understand that oil is the new gold standard, and therefore his organization find significant importance in the story.
b. The Mainstream Media (MSM) MUST REMAIN SILENT for fear of SCARING WALLSTREET. If this story IS true, it is horrible for the dollar. If wallstreet finds out en masse, watch the fuck out!
:yikes:
If I opened it now would you not understand?
It's just the general public that they don't want to find out, there been nothing in the news here either.
Doesn't anyone think this is a good reason for america to go into Iran guns blazing?
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.