On 23 Sep 2006 11:03:39 -0700, "rts" <senninha@ziplip.com> wrote:

This is the real reason we went into Iraq (it was indeed "mission
accomplished") and it is the REAL REASON we are going to invade Iran.
Iran, too wants to open an oil bourse trading on the Euro instead of
the dollar.

Yes, but that was anticipated. The Euro was created to protect the
Rothschilds from a dollar collapse. The larger problem is the countries who
have the most oil will demand that oil is traded in their currency, which is
already happening, ie Russia and Venezuela. At this juncture, the
Rothschilds are not concerned about collapsing the US dollar, because they
have complete control of the USA and can keep the US military conquering by
creating a fascist police-state, wherein only the military get food to eat.
People like George Bush and ***** Cheney will be paupers, their dollars
worthless in the world market. There in lies the problem -- a LOT of people
get screwed -- big powerful people, big powerful corporations get screwed
too.

The liberation of the U. S. Dollar in Iraq
January 15, 2006 - 19:05

Filed under: NWO Money, Banking, The Fed, IMF
Muckracker Report TeamLiberty.net November 10th 2005

Oil, that bubbling crude, Black Gold, Texas Tea; no matter which country's
buying or selling it, all oil purchases around the globe are made with U. S.
dollars only. The greenback is the international currency of oil-sales, all
oil-sales the world over. Since the dollar is the money needed to purchase
oil, every country around the globe must hold U. S. dollars. By having to
earn or borrow U. S. currency to purchase oil, the value of the dollar is
artificially supported because of the demand for oil. Supporting the value
of the dollar is vital to the economy of the United States.

If the demand for the dollar overseas would diminish fifty percent, meaning
that half of the U. S. currency floating around the globe would no longer be
needed by foreign governments, every country and person holding U. S.
dollars would quickly experience a fifty percent decrease in their monies
purchasing power, or one hundred percent inflation.

As long as the greenback reigns supreme as the international currency for
oil purchases, catastrophic economic collapse of the U. S. economy will be
prevented. Even as the United States national debt approaches $8 trillion,
and despite the fact that for all practical purposes the federal government
of the United States has been legally bankrupt since 1933, the U. S. dollar
has survived depressions and recessions, bull and bear markets, inflation
and deflation, fluctuating interest rates, and every other pressure and
strain placed upon it. As with any other commodity, the reason the dollar
has weathered the storms of the last seven-two years is directly attributed
to demand.

The currency of the United States is fiat money. Fiat money is paper money
decreed legal tender, not backed by gold or silver. What that means is that
any value the U. S. dollar retains in the United States is the result of the
federal government enacting law that says it is legal tender. Legal tender
means that the frn/dollar must be accepted in the United States as payment
for all debts, public and private. If the people living in the United States
lost faith in the dollar and began to defy the legal tender law by only
accepting gold coin to pay for debt, the value of the dollar would plummet.
If the people persisted and resisted the federal government's certain
forceful effort to make people accept the frn/dollar to pay for all debts,
the value of the frn/dollar would completely vanish. It would not be worth
the paper it's printed on. It would be worth-less.

If people refused the frn/dollar in the United States and started trading in
gold coin, the big losers wouldn't be the people, although they would know
hardship and lean times. It would be the banking cartel, the Federal
Reserve, and the federal government, because it is the borrowing of fiat
money from the Federal Reserve that allows the federal government to spend
money it doesn't have on things it should not need. The Federal Reserve is
sustained by interest paid on fiat money and the global demand for the U. S.
frn/dollar resulting from the frn/dollar being the international currency of
all oil sales. It's as simple as supply, demand, and interest payments.

Deuteronomy 23:19 Thou shalt not lend upon usury to thy brother; usury of
money, usury of victuals, usury of any thing that is lent upon usury:
http://i.am/jah/kofkad.htm

The problem with fiat money is that it creates the welfare state. When money
is one hundred percent backed by gold or silver, government cannot spend
money it does not have because they cannot print more money unless they have
the gold or silver to back it up. Fiat money has allowed the United States
to run up a high interest, credit card-like debt of, as previously
mentioned, $8 trillion. When the politicians in Washington DC need more
money, they simple print it. For each dollar printed without any commodity
like gold or silver supporting it, and for each printed while there exists a
national debt, the value of all other dollars already in circulation
depreciates. Again, it's supply and demand. When the federal government can
manipulate the money-supply simply by printing more money, the value of the
money in the people's wallets decrease. This decrease in value increases the
number of dollars required to make purchases. When this occurs, it's called
inflation. Inflation is a hidden tax on the American people. When the
politicians in Washington DC continue to spend borrowed money, they are in
fact passing a humongous tax onto the people.

So what's this have to do with the price of Texas Tea in Iraq? The
background information explaining fiat money and the U. S. frn/dollar is
necessary to fully appreciate one of the reasons why I believe the United
States invaded Iraq and why we may have little choice than to invade Iran.
It is my contention that the War on Terror has some additional elements that
are seldom discussed by the mainstream media. Some of the fight has to do
with protecting the supremacy of the U. S. dollar as the international
currency for oil-sales.

Protesters of the War in Iraq say oil is the reason we invaded that country.
The Iraqi people that are now fighting against our troops say we're in their
country to steal their oil. Both are wrong. The world's oil supply is
stable, despite what big oil would like you to believe. Consequently, there
is no need at this time to invade oil-producing countries to steal their
oil. Remember, it's supply and demand. No, America is not in Iraq to steal
oil. Part of the reason America is in Iraq is to re-establish the U. S.
frn/dollar as the only currency accepted to purchase Iraq's oil.

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

Two months after the United States invaded Iraq, the Oil for Food Program
was ended, the country's accounts were switched back to frn/dollars, and oil
began to be sold once again for U. S. dollars. No longer could the world buy
oil from Iraq with the Euro. Universal global frn/dollar supremacy was
restored. It is interesting to note that the latest recession that the
United States endured began and ended within the same timeframe as when Iraq
was trading oil for Euros. Whether this is a coincidence or related, the
American people may never know.

Today there's a greater threat to dollar supremacy in the global oil market.
It is Iran's goal to open their version of the New York Mercantile Index
(NYMEX) and London's International Petroleum Exchange (IPE). The NYMEX and
IPE are both owned by a U. S. consortium and operated by
IntercontinentalExchange, Inc. based in Atlanta, GA. Both the NYMEX and IPE
can be described as stock exchanges for oil and other natural resources ­
they're oil exchanges for the world's global oil market. Obviously, both
only accept U. S. Dollars/frns.

Iran is projected to launch a third oil exchange in March 2006. They have
developed an Iranian petroeuro system for oil trade, which if enacted, would
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. Their plan
will create a global alternative to the U. S. dollar. If opened, 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.

If these countries drop the dollar in favor of the euro and support the
demise of the U. S. dollar as the international currency for global oil
purchasing, America's debt will end in default, the trade deficit will
likely double, and the dollars that we carry in our wallets will be worth
less, much less then they are right now. In the simplest terms, everything
will appear to cost more because the dollar will be worth less.

In theory, the price of goods and services do not go up. It is actually the
value of the dollar going down that causes economic insecurity and inflated
prices at the cash register. Once the American people understand this
important lesson regarding fiat money, change will be demanded in Washington
DC.

Whether the United States can thwart Iran's Oil Bourse without military
intervention is debatable and remains to be seen. The damage done to the
economic security of the United States by both the Democratic and Republican
Parties over the last seven decades, their running up a staggering $8
trillion national debt, has weakened the dollar and placed the United States
in the precarious position of having to find excuses to invade countries
that threaten not America's sovereignty and way of life, but its currency.

This strategy of backing the U. S. Dollar/frn with bullets instead of
bullion cannot sustain itself forever. Sooner or later, the American people
will be required to pay for their government's out of control spending. When
that time comes, the people are going to pay hell trying to do what needs to
be done; abolish the Federal Reserve Act of 1913 and 16th Amendment of the
Constitution, eliminate the IRS and at least twelve hundred of the fifteen
hundred agencies of the federal government while slashing the two million
federal employee payroll by fifty percent.

Essentially, the current grip of the two-party juggernaut in Washington DC
needs to be broken, the current government needs to be abolished and
returned to a constitutional republic, and finally, the dollar has to be
returned to the gold standard once and for all. If the American people fail
to take these specific actions now, it is likely that in ten years or less,
the dollar will be replaced by the euro as legal tender in the United
States, and the American people will be subject to direct, global taxation
by the United Nations on behalf of the World Bank and International Monetary
Fund.

You can now consider yourself forewarned.

Ed Haas is a freelance writer and author originally from Mt. Penn,
Pennsylvania. He currently resides in beautiful Mt. Pleasant, South
Carolina. To learn more about Ed's work, please visit craftingprose. com.

The ONLY solution is to enforce The Plan against the traitorous N. W. O.
Zion-Nazi mass-murder, inside-job perpetrators of OKC, 911 and the phoney
War on Terror:- http://i.am/jah/plan.htm
Time is running out:- http://i.am/jah/signs.htm

On 23 Sep 2006 11:03:39 -0700, "rts" <senninha@ziplip.com> wrote:

http://www.infowars.com/ wrote:

But the ascendance of Venezuela within OPEC necessarily means the decline of
the power of the House of Saud. And the Bush family wouldn't like that one
bit. It comes down to "petro-dollars." When George W. ferried then-Crown
Prince (now King) Abdullah of Saudi Arabia around the Crawford ranch in a
golf cart it wasn't because America needs Arabian oil. The Saudis will
always sell us their petroleum. What Bush needs is Saudi petro-dollars.
Saudi Arabia has, over the past three decades, kindly recycled the cash
sucked from the wallets of American SUV owners and sent much of the loot
right back to New York to buy U.S. Treasury bills and other U.S. assets.

http://www.rense.com/general73/chacvv.htm

This is the real reason we went into Iraq (it was indeed "mission
accomplished") and it is the REAL REASON we are going to invade Iran.
Iran, too wants to open an oil bourse trading on the Euro instead of
the dollar.

The Euro is the trading equivalent of the US dollar, and backed by oil.
The Euro is the 'fail-safe' plan incase the US dollar collapses. But the
plan won't work because the Rothschilds no longer have control of the
world's largest oil reserves.

Defend the dollar- defend the empire.

The U.S. mdia ignores this and just parrots the Pentagon/Bush lies...
so no one understands the truth. The lapdog U.S. corp. media does a
good job keeping you in the dark.

They're desperate. It's the end of the oil era controlled by the
Rothschilds and their fiat money based on recycling oil dollars to buy up
the US assets, including the US government.