Iran brands US dollar 'worthless' - Page 2

ciaobox2007 · 11-19-2007, 02:23 PM

Quote:

Originally Posted by jdanton

You don't think that the major oil producing countries would band together and place an oil embargo upon us? Or a trade embargo?

We'll see. I hope you're right, but I fear I am.

I don't know if they will have to place a ban....they hate us and devaluing our dollar is enough.

Some folks might say Iran is givin' us 'dem fightin' words 'gain.

infoseek · 11-19-2007, 02:47 PM

Some from HBO board think I'm crazy and lump me along with the conspiracy loonies over this.

The truth is, I think this ought to be the only reason for war(s).

The protection of our base currency is a matter of security directly related to global stability.

No love for petroeuro, ruble, RMB or whatever else.

Dollar = Our home, livelihood, and that food y'all so passionately debated over immigration. LOL

On this, I agree with the NEOCONS.

jowey · 11-19-2007, 03:16 PM

Quote:

Originally Posted by BillCosby

I disagree w/ you both here.......... One they are going to go w/ their pocketbook not principal when push comes to shove............

IMO we are the alpha here... NO body is even close.......... The problem, @ least IMO is that that does not mean we can act w/ impunity...... SOme in this administration/government/corporate america seem to believe we can......

We are the lone superpower so we can do what we want & no one can stop us........ A small lesson our imperialist friends learned long ago..........

Yes, they will go with their pocket books, you can bet that the international corporations are playing the currency exchange game. The other countries are looking out for their interests. The corporations are looking out for their interests. This country has been played by the corporations, who are moving their assets overseas.

Yes, currently we are Alpha, but a wolf pack will eviscerate a poor leader, leaving them wounded and bleeding in the ditch.

This is a different era, distance and no effective regional enemies could stand against us. Now we have porous borders, marginalization of domestic assets, poor foreign policies, industrially dependent and economic power is hit with the loan issues.

VKMHVM2 · 11-19-2007, 03:21 PM

88% EROSION OF PURCHASING POWER - AND CONTINUING

Thank you, Federal Reserve.

infoseek · 11-19-2007, 03:36 PM

Quote:

Originally Posted by jowey

economic power is hit with the loan issues.

Actually, that's one issue I'm very fond of.

I'm guessing the FED's prolonged low interest period as you all hate, helped us escape the negative effects subsequent to an attack on our MAINLAND, heart of our financial heart beat.

If the problem is global terrorism, then I see no problem with a solution that involves the world to participate or pay-up, especially the oil producers.

Just don't ask me, if I'll be crying for Chavez and the other dude when they complain about holding too much of our, "worthless," dollar.

Sometimes I am rather thankful and glad we do have a President who knows what he is doing and is willing to sacrifice his popularity over sissy little liberals.

infoseek (R)

jdanton · 11-19-2007, 04:07 PM

Quote:

Originally Posted by infoseek

Some from HBO board think I'm crazy and lump me along with the conspiracy loonies over this.

The truth is, I think this ought to be the only reason for war(s).

The protection of our base currency is a matter of security directly related to global stability.

No love for petroeuro, ruble, RMB or whatever else.

Dollar = Our home, livelihood, and that food y'all so passionately debated over immigration. LOL

On this, I agree with the NEOCONS.

From where we are now, how would you suggest we manage to keep the dollar healthy?

infoseek · 11-19-2007, 04:14 PM

Quote:

Originally Posted by jdanton

From where we are now, how would you suggest we manage to keep the dollar healthy?

Just look at the rich investments and economic booms that are going on in UAE and other friendly petro producers.

The rest about Iran, Venezuela et al shouldn't need any mention.

cuckoosnest · 11-19-2007, 04:27 PM

Quote:

Originally Posted by infoseek

Some from HBO board think I'm crazy and lump me along with the conspiracy loonies over this.

The truth is, I think this ought to be the only reason for war(s).

The protection of our base currency is a matter of security directly related to global stability.

No love for petroeuro, ruble, RMB or whatever else.

Dollar = Our home, livelihood, and that food y'all so passionately debated over immigration. LOL

On this, I agree with the NEOCONS.

The goal all along was to play upon this thematic('they did it too you', 'your economy will collapse do to 'them'').
They've been motivating us toward the big 'De-Population' and 'New Paradigm' for a long long time(N.W.O., etc),, and we've been sold out in almost any way you can think of.
'War is Scripted'!! We almost have to hope its scripted considering all the whacky weapons available to destroy everything.

U.S. is about to become victimized in the worst way, and 'Draft' is probably going to be the 'spoken word' pretty soon.

infoseek · 11-19-2007, 04:33 PM

Quote:

Originally Posted by cuckoosnest

The goal all along was to play upon this thematic('they did it too you', 'your economy will collapse do to 'them'').
They've been motivating us toward the big 'De-Population' and 'New Paradigm' for a long long time(N.W.O., etc),, and we've been sold out in almost any way you can think of.
'War is Scripted'!! We almost have to hope its scripted considering all the whacky weapons available to destroy everything.

U.S. is about to become victimized in the worst way, and 'Draft' is probably going to be the 'spoken word' pretty soon.

The concept is not new and we're the best bet when it comes to filling this need. It's a global economy and the world is still not perfect enough to let the market be, "it."

I'll enlist, if it comes down to it.

infoseek · 11-19-2007, 06:37 PM

LOL. Where do you think Al Gore's little global warming talks fit in all this?

This is what matters. It's the $$$ that drives this world.

Just to look at all the Democratic candidates singing the global warming songs...tsek.

We need someone tough and sophisticated with connections to do things right and I don't see any from the Dem side.

Quote:

Source: http://www.bloomberg.com/apps/news?p...sbM&refer=home

OPEC's Dollar Concerns Overshadow Environmental Push (Update4)

By Fred Pals and Glen Carey

Nov. 18 (Bloomberg) -- The falling U.S. dollar's effect on oil revenues overshadowed Saudi Arabia's promises to fight global warming at this weekend's Organization of Petroleum Exporting Countries summit in Riyadh.

Saudi Arabia had to fight off an attempt by Iran and Venezuela to get the group to discuss pricing oil in different currencies. Saudi Arabia, Kuwait, Qatar and the United Arab Emirates together committed $750 million to research climate change, while OPEC leaders pledged to cut emissions from oil and gas production.

The dollar's 10 percent decline this year has cut the buying power of revenue from record oil prices above $90 a barrel. A further drop may harden OPEC's reluctance to raise supply in a bid to ease prices. Ministers at the summit said the oil market was well-supplied and recent gains were due to speculation and beyond the group's control.

``OPEC is in a price paralysis conundrum,'' said John Sfakianakis, chief economist at Saudi British Bank, a unit of HSBC Bank Plc. ``They do care about the dollar, but if they say publicly they worry it will show they care even more.''

Venezuelan President Hugo Chavez said that OPEC finance ministers will study the dollar's decline. Saudi Foreign Minister Saud Al-Faisal confirmed that the organization will enhance cooperation between its finances ministers. He didn't say whether this would include a discussions of pricing oil in another currency.

`Worthless Paper'

``They get our oil and give us a worthless piece of paper,'' said Iranian President Mahmoud Ahmadinejad at press conference today. ``The dollar has no economic value.''

Gulf Arab countries, most of whose currencies are mostly pegged to the U.S. dollar, will jointly consider a revaluation in December in a bid to combat inflation, Abdul Rahman al- Attiyah, the secretary general of the Gulf Cooperation Council said in Riyadh today.

The council includes OPEC members Saudi Arabia, Kuwait, the United Arab Emirates and Qatar as well as Bahrain and Oman.

Saudi Arabia has no plans to revalue the Riyal against the U.S. dollar or fix its value to a basket of currencies, Finance Minister Ibrahim al-Assaf said today in Riyadh

The final declaration from OPEC's third heads of state summit reiterated the group's commitment to ensuring stable energy supplies and promise to reduce carbon emissions from oil and gas production. ``OPEC will continue providing adequate, timely, efficient, economic and reliable petroleum supplies to world markets,'' it said.

Fund Pledges

Saudi King Abdullah, opening the summit yesterday, announced a contribution of $300 million to setting up a fund that will study ways to reduce carbon dioxide emissions by developing techniques such as gas underground sequestration. Qatar, Kuwait and the United Arab Emirates agreed to put $150 million each to the fund, Al-Faisal said.

``The environment is one of the most important issues in the global political environment,'' Saudi British Bank's Sfakianakis said. ``OPEC cannot be seen to be ignorant of climate change.''

The leaders ignored calls from U.S. Energy Secretary Samuel Bodman to increase production, leaving a decision on the output to the energy ministers' meeting in Abu Dhabi on Dec. 5.

The producers' club, which supplies more than 40 percent of the world's oil, is gaining influence on the back of high prices. Importing nations have transferred $3 trillion more to OPEC than they would have since 2001 had oil prices stayed near $20 a barrel, according to Goldman Sachs Group Inc.

Ecuador will re-join Dec. 5 as the group's 13th member. The South American nation left the organization 15 years ago.

To contact the reporter on this story: Ayesha Daya in Riyadh at adaya1@bloomberg.net ; Glen Carey in Riyadh at gcarey8@bloomberg.net .
Last Updated: November 18, 2007 13:13 EST

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