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Yikes!
Excerpts from
http://energybulletin.net/12125.html
Published on Wednesday, January 18, 2006 by Energy Bulletin
The Proposed Iranian Oil Bourse
By Krassimir Petrov
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The Iranian government has finally developed the ultimate “nuclear� weapon that can swiftly destroy the financial system underpinning the American Empire.
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The Chinese and the Japanese will be especially eager to adopt the new exchange, because it will allow them to drastically lower their enormous dollar reserves and diversify with Euros...
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The Russians have inherent economic interest in adopting the Euro – the bulk of their trade is with European countries, with oil-exporting countries, with China, and with Japan. Adoption of the Euro will immediately take care of the first two blocs, and will over time facilitate trade with China and Japan. Also, the Russians seemingly detest holding depreciating dollars, for they have recently found a new religion with gold. Russians have also revived their nationalism, and if embracing the Euro will stab the Americans, they will gladly do it and smugly watch the Americans bleed.
· The Arab oil-exporting countries will eagerly adopt the Euro as a means of diversifying against rising mountains of depreciating dollars.
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Only the British will find themselves between a rock and a hard place. They have had a strategic partnership with the U.S. forever...
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Americans cannot allow this to happen, and if necessary, will use a vast array of strategies to halt or hobble the operation’s exchange...
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Unilateral Nuclear Strike—this is a terrible strategic choice for all the reasons associated with the next strategy, the Unilateral Total War. The Americans will likely use Israel to do their dirty nuclear job.
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Whatever the strategic choice, from a purely economic point of view, should the Iranian Oil Bourse gain momentum, it will be eagerly embraced by major economic powers and will precipitate the demise of the dollar.
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His ultimate accomplishment will be the hyperinflationary destruction of the American currency and from its ashes will rise the next reserve currency of the world—that barbarous relic called gold.
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YIKES!
Cheers? DW
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