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Iranian war mongering, and what not
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Israel has nuclear weapons.
Iran doesn't have nuclear weapons, but Russia will provide them long range anti-ballistic missiles which will really mess up the current playing field for our Global friends.
I wish people would stop looking at the news and instead read between the lines at the bigger picture
Here's a good question , why has oil gone from $147 a barrel to $34?
Who would this hurt?
Why would there be a reason to hurt those trading nations?
Try to look at the bigger picture!0 -
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Why did it go from $28 to $152?
Actually it didn't go from $28 to $152.
It went from $86 to $147 if you are referring to the low prior to the current price suppression
But that's neither here nor there. We're commited to splitting hairs again instead of looking at the bigger picture i see :P
Ok try to think about these seperate news events and try to join the dots to make the bigger picture
No.1
“A cherished contact with deep global experience had some very strong words about Davos and the Putin Blueprint. He made additional comments about the Wen trip across major European capitals. In an important message, he said, ‘Read in between the lines of Putin’s speech and you find all the hints you want. The Chinese and Russians are burying the US alive. The Japanese, Germans, and Gulf States keep a very low profile for the moment. The decisions have been made: wait for 2010. They will use the unfolding chaos to introduce the new currency basket and trade rules… There is a brand new system being designed that will borrow from the past and apply 21st century tools for barter / counter trade / excess capacity etc. An Exchange Platform will cut out the banks altogether… [Chinese Premier] Wen delivered his speech in Davos and went straight to Berlin where they put the final touch on the new world currency basket, sponsored by Berlin-Moscow-Beijing-Tokyo-Riyadh. Moscow and Berlin already have a massive counter trade / barter trade agreement in place, and Beijing was eager to joint that platform as well.’”
No.2
Vladimir Putin addresses DAVOS 2009:
Putin’s model :
“ 1. Get real and declare hopeless debt securities as bad assets, and write them off. The current crisis will only be prolonged unless the balance sheets are cleaned up. A liquidation process is essential. (The refusal for banks to come clean has resulted in extreme constipation for the credit system, while the patient slowly falls into mud.)
2. Get rid of virtual money, exaggerated reports, and dubious credit ratings on financial securities. He wishes for fundamental asset values to be determined by the ability to generate added value, apart from subjective models. (He refers indirectly to credit derivatives and futures contracts, the artificial mechanisms to control price structures, those onerous devices that act as pseudo-money.)
3. Get away from the single reserve currency system, which he regards as dangerous. Instead, install several strong reserve currencies in a smooth and irreversible switch. (This is the unofficial death knell of the USDollar itself, for alternatives in usage.)
4. Get currency reliability for foreign reserves management, which can be used by other states. This can be achieved by enabling more open monetary policies, and enforcing economic and financial discipline. (This will enable regional stability and cooperation.)”
No.3
Russia has been floating the idea of a gold-backed rouble. If Russia does opt to back their currency with gold, it would surely establish the rouble as the most trustworthy currency in the world, and also cause other nations with the ability to create intrinsically valued currencies to follow suit.
No.4
Hillary Clinton pleads with China to buy US Treasuries as Japan looks on 23/02/09
No.5
http://www.heritage.org/Research/RussiaandEurasia/bg2235.cfm
No.5 is of particular note as it is the primary reason for the suppression in oil prices. If you take a step back and look at the bigger picture you come to see a playing field on a global level.
You will also note that Venezuela/Iran/Russia/China/Brazil etc. have all already stopped trading crude in dollars. The suppression of the oil market is a means to keep at bay or bankrupt these rogues :P
For our economist readers out there what effect would a non-fiat currency appearing on the world market have
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What happens to a $787 billion stimulus plan if China doesn't buy treasury paper?
:eek: Wait a sec did i see Berlin in there? Surely that means Europe and the euro right?? :rolleyes::rolleyes:
Hhmm there's no mention of Germany not baling out all the rest of us lame EMU ducks on the news :P:P
Angela has a back-up plan after all 0 -
Vadrefjorde wrote: »Actually it didn't go from $28 to $152.
It went from $86 to $147 if you are referring to the low prior to the current price suppression
But that's neither here nor there. We're commited to splitting hairs again instead of looking at the bigger picture i see :P
Excuse me, answer the question if it's only splitting hairs.
You asked why have oil prices dramatically dropped, I asked why did the dramatically rise. You brought it up, not me.Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.
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Excuse me, answer the question if it's only splitting hairs.
You asked why have oil prices dramatically dropped, I asked why did the dramatically rise. You brought it up, not me.
I asked why they had dropped because it is directly related to the OP's post.
Your question is in no way related to the OP's post and would do little more than detract from the subject of the thread.
My point about the current oil price suppression is 100% related to this thread, a debate on oil prices inflating in 2008 has 0% relation to this thread.
Why don't you start a thread entitled:
"Manipulation of crude oil trading and their role in the future carbon tax"
You see it's a double edged sword for our friends who oppose non-dollar crude trade, because it's the same people who much cherish the idea of carbon tax 0 -
Vadrefjorde wrote: »I asked why they had dropped because it is directly related to the OP's post.
Your question is in no way related to the OP's post and would do little more than detract from the subject of the thread.
My point about the current oil price suppression is 100% related to this thread, a debate on oil prices inflating in 2008 has 0% relation to this thread.
Why don't you start a thread entitled:
"Manipulation of crude oil trading and their role in the future carbon tax"
You see it's a double edged sword for our friends who oppose non-dollar crude trade, because it's the same people who much cherish the idea of carbon tax
OK, You attach a significance to oil rises dropping as part of a conspiracy or plan, yet side step the fact they they went up dramatically previously.
Okee dokey.
What role does OPEC play in all of this?Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.
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Vadrefjorde wrote: »Short answer so as to why oil went up. Same reason gold will go up this week
So this conspiracy against these countries by reducing oil only started in the last 7/8 months?Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.
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On the contrary you were told over 5 years ago that oil prices would be used against these countries. By told i mean your usual "CT nutbars" started to talk a lot more about Lindsey Williams assertions about the energy crisis
Oil prices alone wouldn't exactly cut it though as i guess you've figured out which is where the "Economic crisis" comes in :P0 -
Vadrefjorde wrote: »On the contrary you were told over 5 years ago that oil prices would be used against these countries. By told i mean your usual "CT nutbars" started to talk a lot more about Lindsey Williams assertions about the energy crisis
Oil prices alone wouldn't exactly cut it though as i guess you've figured out which is where the "Economic crisis" comes in :P
Nah, I was just pointing out the inconsistency that prices did rise dramatically for a while and also the accepted peak oil argument etc.
Also OPEC are a cartel that have power over oil prices and supply. To ignore that would be silly.
I do believe there is a Washington hawkish element that will fight the Dollar being replaced by the Euro as the world currency, these elements raised their heads during Lisbon and did interfere in the campaign.Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.
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Actually the euro isn't going to be the world currency but thats another story
How do you bankrupt OPEC? You give them money for things they don't need :P
What things don't they need? Ghost towns in the middle of nowhere (Dubai)
How do you do that? You give them $8 billion loans through citigroup. Why through citigroup? Because that way you don't have to pay it back. You're going to own citigroup in the future anyways
What do you do then? You suppress the price of oil of course
What you are seeing here in the bigger picture is the great US of A in a last ditch effort to make sure none of the rest of the OPEC members abandon the mighty ship USdollar.
Oops look Nigeria jumped ship now too
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