In Oil (4) I talked about Iran intended to turn the oil trading from dollar into euro in December 2006. Did Iran deliberately do that? Read the following information:
468. Follow up to #467, #461 and #462 (2/20/07)
On 1/15 and 1/20, I wrote #461 and #462, alleged that US had set up a Euro trap for Iran: If the December plot started, Euro would collapse due to the collapse of WANTA fund and the shortage of oil supply to the Europe. Iran not only would be bombed, but also suffered a huge loss in finance. On 2/1, an article proved the correctness of my analysis.
Re: "The War on Iran
Thursday, 01 February 2007
By Stephen Gowans
In Paulsonís view, Iran is still a major player globally, and needs to suffer the same pariah treatment. (New York Times, September 17, 2006) In October, US Treasury Department officials banned US banks from facilitating transactions involving Iranís state-owned Bank Saderat. In January, the ban was widened to include another Iranian bank, Bank Sepah.
When Iran sells oil to a customer in Germany, the German customer asks a European bank to deposit US dollars into an Iranian bank account. The European bank then arranges for the transfer of US dollars from a US bank to an Iranian bank account in Europe. Paulsonís ban prohibits US banks from transferring funds if Bank Saderat and Bank Sepah are involved. (New York Times, October 16, 2006) With oil sales denominated in US dollars, the aim is to impede Iranís ability to sell oil. The way around the US manoeuvre is to sell oil in Euros, something Iran has already begun to do. (New York Times, January 10, 2007)
This would seem to be a simple enough way of beating the US at its own game. It also raises questions about the prudence of compelling Iran to switch to Euros, since a change to Euros, if adopted by a number of oil-exporting countries, would push down the value of the US greenback. US investment banker John Hermann, a comptroller of currency in the Carter administration, wonders whether the US is shooting itself in the foot. (New York Times, October 16, 2006)
In October, US blocked the financial transaction between US banks and major Iran bank which forced Iran to turn on to Euro instead of Dollar in oil trading. Two months later, if the December plot succeeded, Iran would suffer a big loss in finance. The US investment banker John Hermann wonders whether the US is shooting itself in the foot then. He wouldn't have that puzzle if he reads my messages."
It's no others but US himself who forced Iran to turn on Euro. In December 2006 they set up a Euro trap. But the plot went soured. Since the process is irreversible, and the Feds is unwilling to raise the interest, to save the dollar, they have to push up the oil price. We the people have to eat the bad fruit planted by the Feds.
Someone or a group inside the government created a situation to make war on Iran.
Message Thread | This response ↓
« Back to index