xcelbeyond
02-24-2006, 01:24 PM
Got this info from someone at work - so I may not have remembered specific names correctly.
On March 28, Iran (and other middle east oil-producing countries) will open their oil trading organization. Currently, all oil IN THE WORLD is traded through Wall Street or London. So basically the world economy is based on US dollars, not yen, euro dollars, etc. This allows the US to keep printing money as oil use keeps increasing. Now many have predicted we have reached (or will soon reach) peak production, which will limit the US's ability to print money.
To prevent this new organiztion from opening, the US is frantically trying to hack into their computer systems. If that doesn't work, don't be surprised if a stray cruise missle hits a business section of Iran.
You ask why is the US interested in preventing this organization from doing business?!? Well, they plan to sell oil on the market in Euro Dollars!!! This will instantly devalue the US Dollar and will change world economics.
If this organization does accidently (or intentionally) get "bombed," it will outrage the rest (or enough) of the world to start selling off their Dollars for Euros, which will also cause chaos in the US economy.
I really hope none of this happens. We'll just have to wait and see.
On March 28, Iran (and other middle east oil-producing countries) will open their oil trading organization. Currently, all oil IN THE WORLD is traded through Wall Street or London. So basically the world economy is based on US dollars, not yen, euro dollars, etc. This allows the US to keep printing money as oil use keeps increasing. Now many have predicted we have reached (or will soon reach) peak production, which will limit the US's ability to print money.
To prevent this new organiztion from opening, the US is frantically trying to hack into their computer systems. If that doesn't work, don't be surprised if a stray cruise missle hits a business section of Iran.
You ask why is the US interested in preventing this organization from doing business?!? Well, they plan to sell oil on the market in Euro Dollars!!! This will instantly devalue the US Dollar and will change world economics.
If this organization does accidently (or intentionally) get "bombed," it will outrage the rest (or enough) of the world to start selling off their Dollars for Euros, which will also cause chaos in the US economy.
I really hope none of this happens. We'll just have to wait and see.