Iran War for Dollar Hegemony (tags)
The run on the US currency has already begun. Preventing the IOB may help explain the extreme aggressiveness of the US toward Iran. Mending our own pockets and recalibrating energy and security policies are more sensible than the Bush doctrine.
Iran’s Oil Exchange threatens the Greenback (tags)
"The Bush administration will never allow the Iranian government to open an oil exchange (bourse) that trades petroleum in euros. If that were to happen, hundreds of billions of dollars would come flooding back to the United States crushing the greenback and destroying the economy. This is why Bush and Co. are planning to lead the nation to war against Iran. It is straightforward defense of the current global system and the continuing dominance of the reserve currency....."
The denomination of oil sales is a pyure transaction affair.. In the present situation, the oil bourse represents a symbolic manifestation of Iran's desire to be less dependent on a US-dominated dollar-world.
WILL IRAN BRING REVOLUTION INTO THE USA ? (tags)
Iran’s Oil Exchange Threatens the Greenback by Mike Whitney www.dissidentvoice.org January 24, 2006
The Real Reasons Why Iran is the Next Target (tags)
The Iranians are about to commit an offense far greater than Saddam Hussein's conversion to the euro for his oil exports back in the fall of 2000. In March 2005 Iran is going to start competing with New York's NYMEX and London's IPE with respect to international oil trades - using a euro-based international oil-trading mechanism. Numerous articles have revealed Pentagon planning for operations against Iran in 2005. The publicly stated reasons will be over Iran's nuclear ambitions, but the following unspoken macroeconomic issues explain the Real Reasons regarding the 2nd stage of petrodollar warfare - Iran's upcoming euro-denominated oil Bourse.