fix articles 70852, new york mercantile exchange
U.S. dollar - a "worthless piece of paper." President Mahmoud Ahmadinejad (tags)
And he is right. A $100 bill is worth the paper it's printed on and backed by nothing else. Up till 1933 the U.S. was backed in gold. You could exchange a $20 bill for an ounce of gold. And up till the 1960's the dollar was backed up by silver. You could go to the mint and trade paper dollars for silver. But now the dollar is backed by NOTHING and a dollar is worth nothing more then the paper it is printed on.
The Petrodollar: America’s Achilles Heel (tags)
Virtual Chicano is webmaster and political commentator for Chicano Forums
A History of Concealment and Deception (tags)
Washington hasn't the faintest idea about the kind of adversary it faces.. If Iran makes the Euro the oil trade currency, a greater flight from the dollar to the Euro and a catastrophe for the US could occur. The dollar will be weakened and imports more expensive.
Screaming Disaster (tags)
"As the U.S. “controls” so little of Iraq and has negligible support in the general population, those willing to work with the invaders (unemployment is about 75-80%) are extremely vulnerable."
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.
George W. Bush and his Watergate (tags)
"Bush's famous speech of January 2002 wherfe he described Iraq, Iran and North Korea as the axis of evil was written by David Frum, a neoconservative ally of Perle. The neoconservatives were the chief authors of Bush's war on terrorism since September 11.
The Veezuelan Revolution in Danger (tags)