Tuesday, January 10, 2012

Sometimes A Spurious Site Gets It Exactly Right

You can't challenge empire's Monopoly Money fiat dollars without war breaking out.

Russian Move Against US Called “First Shot” Of World War III


"A grim Ministry of Finance report prepared for Prime Minister Putin is warning today that the decision by Iran to cease taking US Dollars for its oil could very be the “first shot” fired in World War III, and one which Russia will be blamed for by the Obama regime.

According to this report, Iran swiftly countered planed US sanctions against its Central Bank yesterday by announcing that it will no longer accept the US Dollar as payment for its oil shipments to India, Japan and China, and further announced that bilateral trade between itself and Russia will, also, break from the US Dollar for settlement in favor of the Iranian Rial and Russian Rubles.

Sure to enrage the Obama regime, this report continues, was that the proposal to switch to the Ruble and the Rial was raised by President Medvedev at a meeting with his Iranian counterpart, Mahmoud Ahmadinejad, in Astana, Kazakhstan, of the Shanghai Cooperation Organization.

Though Iran had previously announced in 2008 that it had stopped trading its oil for US Dollars (Ahmadinejad called the depreciating US Dollar a “worthless piece of paper”) India, Japan and China were made exempt due to their large holdings of American currency and fears of wreaking further chaos on the global economic collapse that had just begun.

Important to note, this report reminds us, is that a similar move by Iraq’s former leader Saddam Hussein in not accepting US Dollars for oil in 2000 brought about the invasion of his country by the Americans and their European allies resulting in his eventual execution and causing the vast wealth of Iraqi oil and gas fields to be turned over to the Western oil giants.

Likewise, this report says, former Libyan leader Muammar Gaddafi earned the same fate as Hussein after he, in the months leading up to the US-NATO military attack on his country, called on African and Muslim nations to join together to create a new currency that would rival the US Dollar and Euro and saying that Libya would only sell oil and other resources around the world only for gold dinars.

Most oil sales throughout the world are denominated in US Dollars, and according to proponents of the petrodollar warfare hypothesis, because most countries rely on oil imports, they are forced to maintain large stockpiles of Dollars in order to continue imports."

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