Euro to replace dollar - what the hoopla is about in Iran

a christian life inside an eternal plan - www.livingjourney.wordpress.com

Important News!!!- EURO vs DOLLAR- Important News!!!

Some time back I did a post about Iran's methodology in bringing the west to its knees. Iran has opened its Iranian Oil Bursary the IOB to European trading. The thing about that is this. Iran is offering Europe cheaper fuel, and now according to the Middle East News report, and many others I might add, the Euro is set to replace the dollar as oil currency, this will happen in July. This will send the stock market into a tail spin, because the American dollar is over inflated and needs OPEC to continue to trade with the American Dollar.

This will have a major impact on the market because when word gets out that the American dollar is no longer stable and starts to slide then share holders will be pulling out of American company stocks. Crash!!! Investors will lose faith in the American Stock Market, and will sell their stocks before they fall to much further. There are signs that this is already happening because the American dollar is losing ground against the Euro. You have to ask what will happen in July when the Euro is in full swing in trading with the IOB???

We have already seen that the dollar is sliding, and the thing to watch is if Gold starts to rise, then it will become obvious that the American dollars is not stable at all.

Here is my post that you really should read which gives you a basic background and understanding about the IOB and the American dollar. It will give you the answers to why is the dollar inflated, and why is the gold important? Trust me it is easy reading, if I can understand it then anyone can! Then come back to read the quotes that have been posted around the net from a number of different resources all saying the same thing.

Middle East News:

Iran: Euro to replace dollar as oil currency In July Iran will ditch the dollar in favour of the euro as the currency in which it will accept payments for its oil and natural gas exports, Iranian president Mahmoud Ahmadinejad announced Friday. The switch, first mooted months ago, was expected but Ahmadinejad's decision comes just as Washington is stepping up pressure on other United Nations Security Council members to act against Tehran for flouting agreements taken with the UN's nuclear watchdog. Ahmadinejad's announcement, made in Baku, Azerbaijan where the Iranian leader is attending a regional economics conference, appears aimed at weakening the United States' resolve to seek sanctions against Iran if it does not comply with the UN International Agency for Atomic Energy's demands. Some observers beleive the Iranian move could deal a severe blow the the American currency as many central banks from oil importing nations could choose to stock up their currency reserves with euros rather than dollars- AKI.



I'm not a 'christian' but it is interesting that a christian website is saying this too. There are sites all over google about this. This is what the threat of war with Iran was REALLY about, and still is, of course: MONEY. It certainly is not about them building nuclear reactors or having bombs/enriched uranium. Nice red herring, Bushie, but it didn't work.

Also, regarding the so-called war in Iraq - if it's about democracy and saving women from their horrible life, why isn't the US in Pakistan and/or Saudi Arabia? The women are treated horribly there. I don't see anyone defending the rights of Saudi women or Pakistani women.

Euro was to replace the dollar as oil currency in Iraq and look what the US did & is doing to that country. If you think it's about democracy (or was it about WMD's that didn't exist?) then you have been filled with the usual B.S. war propaganda.

The US is very good at it. As the REST of the world knows.