Sunday, January 29, 2006

Beating Around the Bush By the Bourse




Only bimbos believed Bush when he said it was WMD's that made him attack, invade, occupy and massacre Iraq. Most of us thought it was to steal Iraq's oil, but we were only partly right. What totally terrorized the tyrannical Texan tycoon was when Saddam played the oil bourse card in November, 2000. When Saddam started selling Iraqi oil in euro's, he jeopardized greenback hegemony as the world's supreme foreign exchange transaction currency. If this brilliant idea catches on, it will trigger the total collapse of the USA economy. The oil grab is a sideshow. The main feature is the oil bourse.

The Neocon global domination agenda is engendered by the denomination of global oil transactions in greenbacks. America prints out the bucks that are required for the purchase of oil, and the world has to produce stuff they can sell to get the bucks they need to buy oil. Printing Monopoly 'fiat' money only costs America the paper and green ink, so the USA dollar has been fattened on oil-enriched chicken feed since Tricky Dick delinked the buck from the bullion. The oil bourse scheme could so seriously setback US suzerainty that Saddam got stomped to smithereens. Krassimir Petrov, who teaches international finance in Bulgaria's American University, warns "should the Iranian Oil Bourse gain momentum, it will be eagerly embraced by major economic powers and will precipitate the demise of the dollar." Saddam was just the first wavelet in the coming tsunami. On March 20, 2006, Iran will start selling oil in euros.

Read on. . . .

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