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The approaching war with Iran

21 January 2006, 06:32

by Ed Haas

In November 2000, Iraq stopped accepting U.S. dollars for its 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 its U.N. reserve fund to the euro. By the end of 2000, Iraq had abandoned the U.S. dollar completely.

(and thus the invasion of Iraq)

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. Its 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.

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, then 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.

by Ed Haas

Refs:
 http://www.teamliberty.net/id199.html
 http://www.teamliberty.net/id209.html
 http://www.teamliberty.net/id215.html

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