PetroDollars = PetroDinar = RV!!!!

[darock0116]

I have been thinking for the last couple of days. Adster mention in one of his post about Petrodinar and monetize the oil. There is two thoery that I have came up with:

1. PetroDinar- Companys (Countrys) would make payments of oil in dinars!!!!(Currency of Choice)

2. Return Iraq to Petro Dollars and peg the dinar to the dollar- Iraq back in 2000 switch from Dollars to Euros

Here is some research I have done take a look and let me know what you fellow investors thing, it all makes sense!!!

Petrocurrency is a portmanteau (http://en.wikipedia.org/wiki/Portmanteau)neologism (http://en.wikipedia.org/wiki/Neologism) used with three distinct meanings, though often confused:

Trading surpluses of oil producing nations, originally called petrodollars (http://en.wikipedia.org/wiki/Petrodollar)
Currencies of oil producing nations which tend to rise in value against other currencies when the price of oil (http://en.wikipedia.org/wiki/Price_of_oil) rises (and fall when it falls).
Currencies used to price the oil in the international market. In general petrocurrency describes the money in dollars received by a country that exports oil. The US dollar is the only petrocurrency due the fact that the OPEC and other oil producing countries use it to denominate the price of oil.
The Pound sterling (http://en.wikipedia.org/wiki/Pound_sterling) is sometimes regarded as petrocurrency thanks to North Sea oil (http://en.wikipedia.org/wiki/North_Sea_oil) exports. The Australian dollar (http://en.wikipedia.org/wiki/Australian_dollar) does not fall in this category, since Australia (http://en.wikipedia.org/wiki/Australia) does not export a significant amount of oil every year.
The Canadian dollar (http://en.wikipedia.org/wiki/Canadian_dollar) is increasingly viewed as a petrocurrency. As the price of oil rises, oil-related export revenues rise, and thus constitute a larger component of Canadian exports. Thus, the movements of the Canadian dollar have become increasingly correlated with price of oil. For example, the exchange rate of Canadian dollars for Japanese Yen (99% of Japan's oil is imported) is 85% correlated with crude prices.
A condition for a currency to become a petrocurrency is its long term stability. Long term stability can only be guaranteed by the volume of reserves the country of the currency has as well as by high oil prices. It is estimated that Saudi Arabia, Venezuela, Iran have oil reserves for the next 200 years, which make their currency favorite candidates for petrocurrencies.

http://en.wikipedia.org/wiki/Petrocurrency (http://en.wikipedia.org/wiki/Petrocurrency)


The Petro-Dollar system is a vast banking and commerce system designed by major world economies. Japan, South Korea, France, Germany, Argentina, these nations are typical in purchase of oil without the benefit of domestic production. So they must create a system for having cash ready to make timely payments, much like a checking account. The system's overt original purpose was to enable and facilitate payment for extremely large supplies of delivered energy products, principally crude oil but also natural gas. The commodity payment system has actually evolved to become much more far reaching. Try to purchase copper or cotton or forest timber or grains, and payment is almost assuredly demanded in USDollar terms, the international currency for commerce in commodities generally. What we have is a system for purchasing minerals and resources, totally bound in US$ denomination pricing and transaction settlements. The most visible element is energy trade, whose supplies clearly make for the largest bill payments. Definitely the most important payments for economic survival are for energy, the lifeblood of industry and transportation. Nations keep funds liquid, and use 3-month TBills almost like cash. It bears an interest yield. Money does not sit in banks without bearing a yield in return, a practical measure. Considerable lead time is involved for orders and payment, for both inventory management and delivery. The typical time lapse is 45 days from Persian Gulf port shipment to exit from domestic refineries, according to an energy expert colleague.
In response, due to an established system, world bank centers accumulate US$-based liquid assets in what act like checking accounts. Nations must be constantly prepared to be in position to pay for energy supplies. Industrial & transportation costs are much larger bills than the human food necessities. The Petro-Dollar system is the practical commercial flipside, the visible evidence to the USDollar as world currency reserve in central banks. The financial effect is for banking systems across the globe to accumulate reserves in US$-based assets. Major components are USTBonds across the maturities (3-month, 12-month, 2-year, 5-year, 10-year), and in addition even GSE Agency mortgage bonds. Longer maturity bonds "shore up" and fortify short-term bonds like the highly liquid 3-month TBills. The entire world accumulates US$-based reserves for the purpose of buying their commodities, principally crude oil.



Lets look at this for the moment, Iraq switch to Petro-Euros in 2000

'Operation Iraqi Freedom' was a war designed to install a pro-U.S. government in Iraq, establish multiple U.S military bases before the onset of global Peak Oil, and to reconvert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency ( i.e. "petroeuro").[3] However, subsequent geopolitical events have exposed neoconservative strategy as fundamentally flawed, with Iran moving towards a petroeuro system for international oil trades, while Russia evaluates this option with the European Union.
In 2003 the global community witnessed a combination of petrodollar warfare and oil depletion warfare. The majority of the world's governments – especially the E.U., Russia and China – were not amused – and neither are the U.S. soldiers who are currently stationed inside a hostile Iraq. In 2002 I wrote an award-winning online essay that asserted Saddam Hussein sealed his fate when he announced on September 2000 that Iraq was no longer going to accept dollars for oil being sold under the UN's Oil-for-Food program, and decided to switch to the euro as Iraq's oil export currency.[4] Indeed, my original pre-war hypothesis was validated in a Financial Times article dated June 5, 2003, which confirmed Iraqi oil sales returning to the international markets were once again denominated in U.S. dollars – not euros.
The tender, for which bids are due by June 10, switches the transaction back to dollars -- the international currency of oil sales - despite the greenback's recent fall in value. Saddam Hussein in 2000 insisted Iraq's oil be sold for euros, a political move, but one that improved Iraq's recent earnings thanks to the rise in the value of the euro against the dollar. [5]
The Bush administration implemented this currency transition despite the adverse impact on profits from Iraqi's export oil sales.[6] (In mid-2003 the euro was valued approx. 13% higher than the dollar, and thus significantly impacted the ability of future oil proceeds to rebuild Iraq's infrastructure). Not surprisingly, this detail has never been mentioned in the five U.S. major media conglomerates who control 90% of information flow in the U.S., but confirmation of this vital fact provides insight into one of the crucial – yet overlooked – rationales for 2003 the Iraq war.

http://usa.mediamonitors.net/content/view/full/17450

"The Federal Reserve's greatest nightmare is that OPEC will switch its international transactions from a dollar standard to a euro standard. Iraq actually made this switch in Nov. 2000 (when the euro was worth around 82 cents), and has actually made off like a bandit considering the dollar's steady depreciation against the euro. (Note: the dollar declined 17% against the euro in 2002.)
"The real reason the Bush administration wants a puppet government in Iraq -- or more importantly, the reason why the corporate-military-industrial network conglomerate wants a puppet government in Iraq -- is so that it will revert back to a dollar standard and stay that way." (While also hoping to veto any wider OPEC momentum towards the euro, especially from Iran -- the 2nd largest OPEC producer who is actively discussing a switch to euros for its oil exports)."
The effect of an OPEC switch to the euro would be that oil-consuming nations would have to flush dollars out of their (central bank) reserve funds and replace these with euros. The dollar would crash anywhere from 20-40% in value and the consequences would be those one could expect from any currency collapse and massive inflation (think Argentina currency crisis, for example). You'd have foreign funds stream out of the U.S. stock markets and dollar denominated assets, there'd surely be a run on the banks much like the 1930s, the current account deficit would become unserviceable, the budget deficit would go into default, and so on. Your basic 3rd world economic crisis scenario.

http://etherzone.com/2003/sart040403.shtml


Monetize The Oil Stated Four years Ago (Thanks Adster)
Funding Iraqi Reconstruction
Peter Saba
Acting Chief Operating Officer and General Counsel
Iraqi Reconstruction Conference
Washington, DC, July 1, 2003, 11:30 a.m.


Re-establishing Iraq's trade with its neighbors and the world is a key element in rebuilding Iraq's economy, and opening Ex-Im Bank' programs in Iraq will further this objective while fulfilling our mission to support U.S. exports.( This has ICI writen all over it)

Ex-Im Bank is also reviewing various proposals that have been made to utilize a securitization or similar structure to maximize current funding of infrastructure reconstruction from future increased oil production. Securitizing or otherwise monetizing the future oil revenues would maximize the ability to finance infrastructure projects in Iraq today, while providing opportunities for exports from the U.S. and elsewhere.

http://www.investorsiraq.com/showthread.php?t=36445

This is alot bigger than we have ever thought poeple!!!! ITS ALL ABOUT THE OIL!!!!!!!

[darock0116]

Where is everybody at today??? Did it RV and everybody is at the party and forgot to tell me!!!!:lmao: :lmao:

[Roninvestor]

DAROCK YOU THE MAN.! Appreciate all of you hard work and sharing with us the information.

[carlitosway]

Where is everybody at today??? Did it RV and everybody is at the party and forgot to tell me!!!!:lmao: :lmao:


A lot of good info Darock. When do you believe this will happen?

[Blacize]

Good info, DaRock. May help in formulating my final arguments to those I wish to speak to about the dinar in hopes that they buy in.

Thx bro

[MettleOfMan]

I follow all of your posts and I'm not sure where you get the time and energy to put these things together but I haven't seen you propose anything which seems even remotely haphazard. I completely agree with you on this entire post and I'm really trying to put myself in Iraqi shoes to see how they can peg the dinar without losing confidence from the Western world and without selling themselves out as well. To peg to the dollar that seems to be largely supported by oil trades is a round robin trouble basket. Maybe they can hold the dollar up if they do that and maybe not. If not and the dollar continues to decline they have set themselves up for a very troubled time. It seems to me the delays we are seeing are because they are truly running the options to see how their future could play out. Regardless, the value of the dinar has to increase substantially very soon.

And thank you for your hard work. I've been watching these posts for a very very long time but just joined to post recently.
ran:huge:

[graciewacies]

Thanks DaRock!!!!!!!!
I really hope your rumor comes through too!!!!!!!!!:wave: :D

[madamowicz]

DaRock

I have always believed there was more politico-economic reasons for removing Saddam than a threat to US security. Your info only solidifies my beliefs. Although I do believe Iraq COULD have been a threat to US security by harboring more terrorists, the arguments for economic reform are screaming at this time. Although the Bush administration cannot come out and say this is why we went to war, in the end it will be revealed through common sense. Whether you like Bush or not, I believe he saw a bleaker future for US, economically, by NOT removing Saddam. Call him what you will, but Bush has always operated with US interests first, whether the Dems like it or not.

I believe we will see something substantial very soon regarding a revalue due to the amount of oil soon to be drilled. You may be very correct when you say

"It's all about the Oil!"

[hammerhead]

good post Rock...good to see you are still around(lol). been missing you the last few days, just thought you were taking some time off from all the newbie crying the last few days. glad i was in error, after all, i just watched you pull an arrow out of your back and win the battle against evil the other night...
those of us that will research, or, have had experience in that part of the world, have maintained all along..."ITS ABOUT THE OIL." great job...and we appreciate your efforts!!!!!!

[John Jay]

Where is everybody at today??? Did it RV and everybody is at the party and forgot to tell me!!!!:lmao: :lmao:

I'm here Rock. I keep skimming and haven't read it. I can't think anymore.

[graciewacies]

I'm here Rock. I keep skimming and haven't read it. I can't think anymore.

It definately feels as though my brain is turning to mush lately.....:lmao:
I can't think anymore either.........:wave:

[LongShot]

It definately feels as though my brain is turning to mush lately.....:lmao:
I can't think anymore either.........:wave:

Same here. I just read and put it to memory as of late. But there are some good points Rock has made.

Here is to hope! :wave:

[darock0116]

Thanks everybody for replying!!! This is so big, I cant even fathom the impact of this. There are several investors out there that believe the slow and grow, but after finding this out, if you don't believe it will RV soon i don't know what will. Bush doesn't have three years, Demos. are gunning for the seat, like a 300lb. guy in line at the buffet line!!! It has to happen very soon!!! The impact of this RV , could change the history books for centuries to come. Bush could go down as one of the greatest Presidents ever!!! What everybody has to understand is how alot of countries, Iran, China, Russia just to name a few, want the west to collapse. The first thing they try to attack is our economy. As citizens we have to understand, what the consequences could happen if we don't win. But I don't that will ever happen!!!!!:D

[GraceTheDinar]

Where is everybody at today??? Did it RV and everybody is at the party and forgot to tell me!!!!:lmao: :lmao:

No, I think most realize at this point it's not worth it to sit around on this board hoping. I only check the board every other day now. :wave:

[Blacize]

Isn't it an amazing thing to think that Bush could be considered a great man in American History if this does go down as we anticipate? That's an ironic statement in view of what he has shown through both administrations. Still, turning around the U.S. economy (debt-wise) has got to be THE top priority because war on terror or no, people will need work and a, hopefully, brighter future.

[b487352]

im sorry but I dont see anything new at all. how exactly do you tie this to the value of the currency?

[musclesjw]

Darock good job, as always i really enjoy your posts heres a question? Does anyone here think the price of a quart of oil here in the united states will give us an idea as to the current value of dinar if a re-value is imiment ? comments please............JCWH

[Adster]

Good work Daman, as always. As you say, 'it's all about the oil'. ;)

[AJOB]

It is funny how people have said from the very beginning of this war that it was about Oil. They were inferring that Bush and Chaney had some sinister plot to control Iraq and profit themselves. I don't know what the exact intentions of Bush and Chaney were but it would seen from your article the there is an economic war that has been ragging long before the war in Iraq, that many people would not understand. When you consider that various countries of the world could conspire to destroy the US without firing a shot by doing it economically. It is a frightening thing. If the president is privy to this kind of info I am sure that it enters into his thinking when making over all decision about how to respond to world situations.

It is self preservation in many ways when you consider that much of the worlds oil is controlled buy people that hate the US. If Bush or any president would let our economy crash without a fight he would be hated for that . So I guess when you are in the presidents office you are dammed if you do and dammed if you don’t . It takes a thick skinned person and a person of vision to be president.

[traveler]

They better get a move on! GW has to get a fire lite under there you no and get them moving.
We need oil prices to drop in this country or we will have a real problem!!

[MettleOfMan]

I have to agree that this war transcends the theory of WMD and I very much agree that it was necessary to ensure the stability of our country economically with regards to the dollar. What I generally don't agree with is the lack of transparency of government and the downright coverups. We as a nation are a very intelligent group of people and I think we can understand the underlying concepts of a war for economics. A lot of bleeding hearts may say that you can't kill for money but they sure are happy living in our borders not knowing the evil that must be done to protect our way of life. I say get yourself educated about it and man up to what has to be done.

[AAD]

Thanks everybody for replying!!! This is so big, I cant even fathom the impact of this. There are several investors out there that believe the slow and grow, but after finding this out, if you don't believe it will RV soon i don't know what will. Bush doesn't have three years, Demos. are gunning for the seat, like a 300lb. guy in line at the buffet line!!! It has to happen very soon!!! The impact of this RV , could change the history books for centuries to come. Bush could go down as one of the greatest Presidents ever!!! What everybody has to understand is how alot of countries, Iran, China, Russia just to name a few, want the west to collapse. The first thing they try to attack is our economy. As citizens we have to understand, what the consequences could happen if we don't win. But I don't that will ever happen!!!!!:D

I'm glad someone else feels the way I feel about that. Most folks are so focused on the mindless terrorists that they won't realize what the real and bigger picture was until it hits us.

It's all tide in together with OIL and a r/v must to be eminent and soon...

[KnightsCharger]

They better get a move on! GW has to get a fire lite under there you no and get them moving.
We need oil prices to drop in this country or we will have a real problem!!

Here's a problem for us all, The US Senate just approved a bill to include a date certain for withdrawal, More repub. turncoats:mad: , as I'm sure Joe Lieberman would not have voted for a time frame.

Just goes to show that a politician is for sale whether from special interest or pork! And before anyone says "Yeah, but both parties do it" the dem control congress yesterday passed a bill to quash the commision that oversee's pork barrel expendatures for 1 year. They control congress so they can know get their pork without it being made public knowledge.

THE FIX IS IN!! AND THE GOI HAD BETTER RECOGNIZE THAT THEY HAVE NO FREINDS IN THE US CONGRESS, THE CONGRESS MAJORITY OWNS DEFEAT, AND THAT DEFEAT WILL DEFEAT DEMOCRACY IN IRAQ IF THEY DON'T GET A MOVE ON IT!!!!!! IT'S THE ECONOMY STUPID!!!!!!!!!!!

[Blacize]

IT'S THE ECONOMY STUPID!!!!!!!!!!![/COLOR][/SIZE]

Clinton made his mistakes but at least he knew that ^^. Couldn't agree more

[Buckster]

Where is everybody at today??? Did it RV and everybody is at the party and forgot to tell me!!!!:lmao: :lmao:

Hey Rock
Dude if this thing flies like I hope it do, I will buy a car from you personally! Keep the faith and I appreciate your insight and hard work.

Da Buckster:happy64:

[AAD]

Here's a problem for us all, The US Senate just approved a bill to include a date certain for withdrawal, More repub. turncoats:mad: , as I'm sure Joe Lieberman would not have voted for a time frame.

Just goes to show that a politician is for sale whether from special interest or pork! And before anyone says "Yeah, but both parties do it" the dem control congress yesterday passed a bill to quash the commision that oversee's pork barrel expendatures for 1 year. They control congress so they can know get their pork without it being made public knowledge.

THE FIX IS IN!! AND THE GOI HAD BETTER RECOGNIZE THAT THEY HAVE NO FREINDS IN THE US CONGRESS, THE CONGRESS MAJORITY OWNS DEFEAT, AND THAT DEFEAT WILL DEFEAT DEMOCRACY IN IRAQ IF THEY DON'T GET A MOVE ON IT!!!!!! IT'S THE ECONOMY STUPID!!!!!!!!!!!

And people still put their total faith on Republicans or Democrats, not realizing that they are all similar but with different fake faces. Blind cheap...:lmao:

[Weston]

And people still put their total faith on Republicans or Democrats, not realizing that they are all similar but with different fake faces...:lmao:

thats why I like Alex Jones

[Pimpmaximus]

Where is everybody at today??? Did it RV and everybody is at the party and forgot to tell me!!!!:lmao: :lmao:

I'm here DaRock........ and as usual I am ready to ask questions that few others want to. So here goes.....

1) Why would the US support a petrodinar economy when it opposed the very same shift that Saddam made to Euros in 2000?

2) Discuss the impact of Iraq decreasing its M2 on its ability to carry out said plan. Where is Iraq headed with its total? How much physical Dinar will be floating around the world in your view?

3) What happens to the dollar while this plan is implemented? I have a hard time reconciling the notion that folks will want to jump back into dollars once its fallen into disfavor worldwide (read: Dinar investors cashing out for dollars......) I believe it is in the process of doing so currently..............

Lastly.....

4) What of the mid-east currency agreement set to take off in a few years? No matter how you slice it the Dinars days are numbered. Given that fact, explain how other nations would be inclined to stock up on a currency which has a shelf-life which is known to be limited.


I am interested in your response. I'm sure it will be informative as always.


Thanks everybody for replying!!! This is so big, I cant even fathom the impact of this. There are several investors out there that believe the slow and grow, but after finding this out, if you don't believe it will RV soon i don't know what will. Bush doesn't have three years, Demos. are gunning for the seat, like a 300lb. guy in line at the buffet line!!! It has to happen very soon!!! The impact of this RV , could change the history books for centuries to come. Bush could go down as one of the greatest Presidents ever!!! What everybody has to understand is how alot of countries, Iran, China, Russia just to name a few, want the west to collapse. The first thing they try to attack is our economy. As citizens we have to understand, what the consequences could happen if we don't win. But I don't that will ever happen!!!!!:D


Whoops....... almost forgot to ask about this one too.

In reference to the red part: What makes you say that?

[KnightsCharger]

[quote=AAD;322365]And people still put their total faith on Republicans or Democrats, not realizing that they are all similar but with different fake faces...:lmao:[/quot

True! but we play with the cards we are dealt, I don't want to turn this into a political debate, however politics here is just as corrupt as Iraq's.

My point is, I'd sooner see the investment tank, by the GoI's constant procrastinations and their ignorance as to the true economic power they could yield, than to see a defeat at the hands of those in congress, repub and dem for political gain at the cost of so many coalition fighters, innocent Iraq's and 650 billion taxpayer USD. It turns my stomach, I need a Tagamet!!!!

Maybe a litttle to melodramatic, but it's now or never, both bills, post Mar. 2008, and if their is not a huge improvement in Iraq well in advance of that date well, turn off the stove, 'cause this pig is done!!!!

[dinar shore]

Isn't it an amazing thing to think that Bush could be considered a great man in American History if this does go down as we anticipate? That's an ironic statement in view of what he has shown through both administrations. Still, turning around the U.S. economy (debt-wise) has got to be THE top priority because war on terror or no, people will need work and a, hopefully, brighter future.

I totally disagree with your premise. If historians are factual and not tainted by the liberal, pseudo-intellects that dominate our college universities, GWB should ultimately be credited as the one of our most steadfast Presidents in history. Can rational people fathom the state of the USA if the fat psychopath, Al Gore, had been elected and stumbled through 911. The only weapon he could have used on the terrorists was to bore them to death!

[dinar shore]

Clinton made his mistakes but at least he knew that ^^. Couldn't agree more

Yeah, that's when the Republicans took control of the House in '94 under Newt's leadership while the male slut, Bill Clinton was out chasing skirts.

[fproano]

Hum Alex Jones, well sometimes you have to wonder if Alex is not a government created diversion? After all he got into Bohemian Groove WITH and invitation.

[future millionaire?]

Yeah, that's when the Republicans took control of the House in '94 under Newt's leadership while the male slut, Bill Clinton was out chasing skirts.

didn't newt just admitt he was having an affair at the time also?

[Pecos Billy]

John: Are you from Pecos TX by any chance?
Best to you, Bill

[tlagiloi]

It's funny
People here and outside this forum naysayed me when I told them
how Rumsfeldt told Saddam to knock it off (selling oil based on the euro)


It was always about the oil and keeping it sold based on the USD.
If/when the dinar RVs, some of us will see some financial good from
this entire nightmare the world could and should have done without.

Just because I was against the war and still am doesn't mean I was going
to cut off my nose to spite my face and not gain financially from this.
I always figured, why should Haliburton make all the $$.

RV is what Iraq needs to restore pride to Iraqis which is sorely needed.
They need a refocus to living instead of being poor and angry.

[lndmn_01]

John: Are you from Pecos TX by any chance?
Best to you, Bill

I worked in Pecos for about a year... wasn't aware there was more than one person that lived there...

[Can't get Right]

Well said......

[Can't get Right]

It's funny
People here and outside this forum naysayed me when I told them
how Rumsfeldt told Saddam to knock it off (selling oil based on the euro)


It was always about the oil and keeping it sold based on the USD.
If/when the dinar RVs, some of us will see some financial good from
this entire nightmare the world could and should have done without.

Just because I was against the war and still am doesn't mean I was going
to cut off my nose to spite my face and not gain financially from this.
I always figured, why should Haliburton make all the $$.

RV is what Iraq needs to restore pride to Iraqis which is sorely needed.
They need a refocus to living instead of being poor and angry.


Well said......


Sry, still getting the hang of this ,lol!:lmao:

[dinar shore]

didn't newt just admitt he was having an affair at the time also?

Yeah, I think so. Maybe he was doing Hillary.

[AAD]

didn't newt just admitt he was having an affair at the time also?

Yes it's true, Newt was fornicating and committing adultery while Bill Clinton's sex scandal was going on...


Yeah, I think so. Maybe he was doing Hillary.

LOL! Well hell did not freeze over so no Newt was not doing Hillary...:lmao:


It's funny
People here and outside this forum naysayed me when I told them
how Rumsfeldt told Saddam to knock it off (selling oil based on the euro)


It was always about the oil and keeping it sold based on the USD.
If/when the dinar RVs, some of us will see some financial good from
this entire nightmare the world could and should have done without.

Just because I was against the war and still am doesn't mean I was going
to cut off my nose to spite my face and not gain financially from this.
I always figured, why should Haliburton make all the $$.

RV is what Iraq needs to restore pride to Iraqis which is sorely needed.
They need a refocus to living instead of being poor and angry.

Well perhaps those of us who are not totally blinded by the political party bandwagon, always new deep in our hearts that black gold was at the root of the war. Folks can try to lie to themselves all they want, it still won't change the truth...;)

[GladRobot]

Yup,
The USA needs iraq to back their dollar when every economic adviser on the globe thinks the greenback is on the decline. Currency is what this war is ALL about.
If iraq can gain the status of being know as petrodollar, 18 cents is a possible revalue mark IMHO.
Unfortunately, Iraq is currently known as a date-dollar. And a barrel of tasty dates (or drupe fruit) goes for what .00072 cents?

oh and darock, you made a mistake when you said that bush will be known as a great president. Everyone knows that he is a lying, audacious, taught to speak by hellen keller, moron.

[TimP]

If the war was "all about the oil" as you all seem so convinced of, why don't we just start drilling in ANWR and the Gulf of Mexico? There is a huge amount of oil in just those two places alone. And this would end our dependence of M.E. sources...but wait...we only get about 20% of our oil from this source.

This country hasn't allowed a new refinery to be built in about 30 years...we have all the oil we need HERE...why go to war for it?

I just can't bring myself to believe in this great "oil cabal" conspiracy. Right...I know...Bush, Cheney & Haliburton...the war..."its all about the oil"

Did you all forget that 3000+ people died on 9/11 and scores more in previous attacks around the world?...oh ya, I forgot..."its all about the oil"

This country went to war because we were attacked by a vicious group of murdering thugs that were housed and supported by the governments of Afganhistan and Iraq. It's really pretty simple folks.

A lot of you (probably most) will not agree with my view..but that is your right.

[AAD]

If the war was "all about the oil" as you all seem so convinced of, why don't we just start drilling in ANWR and the Gulf of Mexico?

What for if Iraq was easy pickings, well that's what they thought and got slapped with a mess, and many losses...


Did you all forget that 3000+ people died on 9/11 and scores more in previous attacks around the world?...oh ya, I forgot..."its all about the oil"

This country went to war because we were attacked by a vicious group of murdering thugs that were housed and supported by the governments of Afganhistan and Iraq.

Where's your prove of Iraq's vicious involvement in 9/11? Maybe I overlooked such legit information, so where is it?

[meandmydinar]

I have to agree that this war transcends the theory of WMD and I very much agree that it was necessary to ensure the stability of our country economically with regards to the dollar. What I generally don't agree with is the lack of transparency of government and the downright coverups. We as a nation are a very intelligent group of people and I think we can understand the underlying concepts of a war for economics. A lot of bleeding hearts may say that you can't kill for money but they sure are happy living in our borders not knowing the evil that must be done to protect our way of life. I say get yourself educated about it and man up to what has to be done.heck, we are still wide open to attacks. All a terorrorist has to do is come in through mexico where we are easily exposed. Heck, they may already be here and just waiting for their next move.

[Lord Dinar]

heck, we are still wide open to attacks. All a terorrorist has to do is come in through mexico where we are easily exposed. Heck, they may already be here and just waiting for their next move.

And Canada...

[Adster]

If the war was "all about the oil" as you all seem so convinced of, why don't we just start drilling in ANWR and the Gulf of Mexico? There is a huge amount of oil in just those two places alone. And this would end our dependence of M.E. sources...but wait...we only get about 20% of our oil from this source.

This country hasn't allowed a new refinery to be built in about 30 years...we have all the oil we need HERE...why go to war for it?

I just can't bring myself to believe in this great "oil cabal" conspiracy. Right...I know...Bush, Cheney & Haliburton...the war..."its all about the oil"

Did you all forget that 3000+ people died on 9/11 and scores more in previous attacks around the world?...oh ya, I forgot..."its all about the oil"

This country went to war because we were attacked by a vicious group of murdering thugs that were housed and supported by the governments of Afganhistan and Iraq. It's really pretty simple folks.

A lot of you (probably most) will not agree with my view..but that is your right.

So the US/UK went into Iraq for the love of their people? :drunk: :eek:

[Bear]

Yea Right, so where are they when it comes to Zimbabwae?

[AAD]

And Canada...

Very true, the Canadian border is just as open as the Mexican. Though I think the Canadian border is less supervised and much easier to cross. Can someone say B.C. pot...;)

[Lord Dinar]

Very true, the Canadian border is just as open as the Mexican. Though I think the Canadian border is less supervised and much easier to cross. Can someone say B.C. pot...;)

I could have sworn that not too long ago some terrorists had already crossed over to the US from Canada however, we did not find them.

:eek:

[MettleOfMan]

"I just can't bring myself to believe in this great "oil cabal" conspiracy. Right...I know...Bush, Cheney & Haliburton...the war..."its all about the oil"

I don't think most of us believe that the was is about obtaining oil for our own consumption. Rather we believe that the oil commodity which uses the U.S. dollar for exchange provides a foundation for our currency worth. If we continue to lose position with these countries that exchange billions of U.S. dollars a day for oil our currency will decline at an alarming rate until the U.S. dollar is worthless. As it is we can barely, if so, make interest payments on our foreign debt! Economically this country simply can not afford to let the dollar slip into oblivion.

So yeah, in a sense it is about the oil.
ran

[Pimpmaximus]

If the war was "all about the oil" as you all seem so convinced of, why don't we just start drilling in ANWR and the Gulf of Mexico? There is a huge amount of oil in just those two places alone. And this would end our dependence of M.E. sources...but wait...we only get about 20% of our oil from this source.

This country hasn't allowed a new refinery to be built in about 30 years...we have all the oil we need HERE...why go to war for it?

I just can't bring myself to believe in this great "oil cabal" conspiracy. Right...I know...Bush, Cheney & Haliburton...the war..."its all about the oil"

Did you all forget that 3000+ people died on 9/11 and scores more in previous attacks around the world?...oh ya, I forgot..."its all about the oil"

This country went to war because we were attacked by a vicious group of murdering thugs that were housed and supported by the governments of Afganhistan and Iraq. It's really pretty simple folks.

A lot of you (probably most) will not agree with my view..but that is your right.


Tim,

While I respect your viewpoint there are a few things you haven't considered (there are also a few things which are simply incorrect, but I won't go there.......). Understand, most people require rose-colored glasses as a prerequesite for doing any sort of dirty work (read: having a just cause in order to go to war). I would leave you with a thought: Would you support a war for oil if you knew that was the primary reason for being there? Based on your post, I already know the answer. But consider that the vast majority of Americans would take the same viewpoint. Unfortunately Tim, they would take that viewpoint without considering things such as the example which follows......


With regard to drilling in the Gulf one must factor in something known as extraction cost. Look this one up if you'd like. The analogy here is kinda like going to Neiman Marcus for one's clothing when Wal-Mart would do just fine.

The cost to extract here is much higher than over there. When you add in the fact that in an absolute sense there isn't as much oil here anyway, you begin to get the picture.

Yes, yes........ there's oil sands and shale oil and whatever else here. Wheres the technology to extract it presently? The costs make alternate fuel sources look appealing with regard to these types of oil.

It's about playing in the same resource pool as the rest of the world here Timmy. Are you down for spending your hard earned dollar for expensive gas or are you wanting to use it for something else like, say, that plasma TV you've been eyeballing?

One more note. I noticed you scoffed at the fact that 20% of our oil is of ME orgin. How could we possibly label ourselves dependent on foreign oil right? I would urge you to do some math on this part. There is plenty of data on US oil consumption. Take a look at what we consume vs. what we import. Now take away 20% of those imports.......

Notice a problem?

[MHouse]

gladrobot-let's not get political now. it's rather sad knowing there are opionions out there such as yours. you have the same mentality of the left wingers. to call someone a lying moron puts things at the bottom of the barrel. all we want is the dinar to rv. from the time that you logged on, it looks like you need sleep. finger pointing is never complimentary to anyone.
aad-it was all over the news years ago that saddam was funding al queda. we either fight them over there or HERE. his bank accounts have proof.
let's just stick to the dinar and hope we all make enough money to fight our own causes.

[jabt1979]

Yeah, that's when the Republicans took control of the House in '94 under Newt's leadership while the male slut, Bill Clinton was out chasing skirts.


He was just caught...the others are a little sneakier. Most are quity of something...everyone has a ghost in his or her closet.:)

[darock0116]

Great stuff!!! Keep it coming guys!!!

[Hue Mi]

He was just caught...the others are a little sneakier. Most are quity of something...everyone has a ghost in his or her closet.:)
Thank you for the 'sneak' preview of the 2008 Democratic platform.

[rykpa]

Quit letting "Rather" think for you and your people and you will find it.

[JohnM.]

heck, we are still wide open to attacks. All a terorrorist has to do is come in through mexico where we are easily exposed. Heck, they may already be here and just waiting for their next move.

A boatload of 100 Haitians sailed right into a ritzy Hallendale, Florida beach today...a crisp and clear day! Maybe we should sub-contract the Iranians to patrol our coast!:D

[darock0116]

Bump!!!!!!:happy64: :happy64:

[Adster]

Some of us have believed petro dinars will be introduced via monetizing their oil for a while now, and been scoffed at by some. :rolleyes: Wonder if the same folks will eat humble pie when the time comes. :D

[darock0116]

Some of us have believed petro dinars will be introduced via monetizing their oil for a while now, and been scoffed at by some. :rolleyes: Wonder if the same folks will eat humble pie when the time comes. :D

I love it man!! I remember when I first joined IIF, we starting talking, this was the first thing that you preach to me my friend!!! Thanks for the guidance and knowledge you have shared!!!! It does seem to me, there will be alot of people that will be eating crow!!!!!:D

[Adster]

I love it man!! I remember when I first joined IIF, we starting talking, this was the first thing that you preach to me my friend!!! Thanks for the guidance and knowledge you have shared!!!! It does seem to me, there will be alot of people that will be eating crow!!!!!:D

What goes around comes around matey. :lmao:

[AAD]

Some of us have believed petro dinars will be introduced via monetizing their oil for a while now, and been scoffed at by some. :rolleyes: Wonder if the same folks will eat humble pie when the time comes. :D

If only they can get it done soon enough, I can't wait to see a time when the GOI stops dragging their stinky leprechaun feet. Get it done GOI clowns...LOL!

[MD-11CAPTAIN]

PETRO BRISTOL!!!

[MD-11CAPTAIN]

PETRO BRISTOL!!!

[taro patch]

Rock, I am actually a little suprised that you just came upon this insight.

It is of course true that we are there for the oil, that is part of it, we are there also to support the US currency. But let's scratch a little deeper.

There is way too much talk about Bush and the Dems, and history and all that crap. The politicians are all bought and paid for. It won't make a damn
bit of difference who is in the white house or who is the majority in congress.

The real power is with the bankers.

And yes the military, industrial, corporate, big oil boys, and the neo-cons,
who are in vogue right now.

By the way, "Confessions of an Economic Hitman" is a great read to give you a glimpse of the "corporatocracy" that makes world events.

90% of all the media in America is owned by five companies. Who ownes them
elects presidents, or do you really think your vote makes a difference.

It's about controlling the attention of the individual, and directing it in a fashion to produce a certain result. Did anyone notice the parallel between the Dar el Sallam power meeting and the Democtratic vote in congress to withhold funding for the Iraq war???

The Dems are the stick right now, in otherwords, "Iraq, you better sign the HCL, or we are going to damn your country to less than 3rd world civilization,
complete with suicide babies...

The carrot, are the good old boys at the federal reserve who can bail out your Dinar with "our" tax dollars, oh yeah, and the world bank who is the
clearing house for all international transactions, in US dollars of course, headquarters in the Big Apple, and making a pretty penny on it at the same time. And wasn't that Wolfowitz just fired, maybe he can get his job back at the White House as Deputy Secretary of Defense, but then where is Rumsfeld these days, anybody remember Rumsfeld from the Vietnam War, when he was Secretary of Defense, and good old George Bush, Sr. was running the CIA, and then there is the VP Cheney, and can I still get my job back at Halliburton
or can you just keep sending those checks to my numbered account for me so I can buy some more Dinar???

It is a joke if you ask me. My point is that it doesn't matter who is in office, the dems are bashing the War because the HCL isn't signed off yet and America still faces, BANKRUPTCY, if you haven't been watching the FIAT currency the Federal Reserve keeps printing, which is supported only through the stranglehold that the World Bank has on international exchanges, business that is, not the exchange rate per say, through the Petro Dollar, and yes moving away from the Dollar spells the end for a lot of what we Americans are never told to worry about, the national debt. Because what happens when nobody wants your money anymore, particularly when it is backed by nothing other than the good faith of the US and it's enourmous GDP, oh and I guess if things start looking bad, they can send in the US military.

My point again is that is the bankers that run the show, and they are all very happy to keep you thinking that is really your democratically elected government that is running the show. Forget it.

America is not really free, because we have to pay the bill. And that bill is to consume the majority of the worlds resources, control as much of them as necessary to keep the economy running, support the Dollar through control of the worlds banking, and hope nobody comes and asks for their TBills to be
called.

And by the way, while I am ranting on here...

Terrorism was born in Saudi Arabia by the radical Wahabbi sect of muslims, whom fled Egypt and found freedom to preech their religion, in Saudi Arabia,
which of course is run by the House of Saud that come to power largely after
solidifying their power when they cut a deal with, you guessed it, Big Oil, together with the support, militarily and economically from the US of A.

Back to the point, so while the House of Saud builds their empire of wealth, via OIL, they stratified their country and created a massive disparity between the Royal Family and the average citizen, whom now completely disenfranchised, can only blame whom? Yes, and with the help of the whahabbi faith, the only one to blame is, of course, the US of A.

My point here is that, government(s) want you to see only part of the picture, while the real money, and power keeps you uninformed, or better
misinformed, and misdirected while they seek out greater riches.

OK, so we have the US dollar precariously poised teatering on the edge of
a continued fall in value and loss of international confidence.

So, what is the only thing the US can do, better yet, what is the only thing the power brokers can do? They have to overthrow Sadam, and control the oil. Did that, working on the other.

They solidify their power, through the bankking system, international debt write-offs, huge economic packages, and in exchange for newly paid for government of Iraq, they will control the largest oil reserves on the planet.
(They haven't told us that yet have they?) And maintain their declining and not yet collapsing dollar.

So where do we come in?

We are little guys, speculating that the Dinar may go golden. My bet is it will.
There is just going to be too much excess cashflow once the oil starts really flowing. Increasing the cash reserves of a currency, an economy on its way to untold wealth, and a power base of the best military in the world.

I can't see that not happening. It has too or we are really screwed. And too many big fish aren't about to let that happen.

The question I would like to leave you all with is, "Does an RV really benefit the power brokers?"

Yes and no.

The Federal Reserve holds Dinar. So that makes sense for them to make an RV happen. Good chance of that, I think.

But, why RV before the ISX opens? The big money can come in and buy out the market capitalization of the ISX many times over. Why not own the countries economic assets as well??? for pennies, then RV.

Sorry to be so long winded. Had to get that one out there.

Best Regards everyone.

[jedi]

Very true, the Canadian border is just as open as the Mexican. Though I think the Canadian border is less supervised and much easier to cross. Can someone say B.C. pot...;)


I believe you mean BC bud.....:happy64: :wave:

[Sponson]

As usual, spot on, TARO. I appreciate your "rant."

:wave:

[cowpoke]

As usual, spot on, TARO. I appreciate your "rant."

:wave:

Yes Taro, good post, should have it's own thread.
Also, I just PM'd you this:
http://www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article2062059.ece

[AAD]

I believe you mean BC bud.....:happy64: :wave:

Yes British Columbia, Canada bud right?...

[DoubleTheDinars]

DOES IT REALLY MATTER? THE CONTENTION FROM THE LEFT HAS ALWAYS BEEN THAT CHANEY AND BUSH WENT AFTER SADDAM FOR THE OIL, BUT THAT THEY DID IT TO LINE THEIR OWN POCKETS. THIS INFORMATION, SO BRILLIANTLY STATED BY DAROCK, GIVES US INSIGHT INTO BUSH'S REASONING. HE WAS AND IS WORRIED ABOUT OUR ECONOMIC STABILITY AND OUR ACCESS TO CRUDE. LIKE IT OR NOT, EVERYTHING IN THIS COUNTRY RUNS ON OIL, ESPECIALLY OR MILITARY. WITHOUT A SOLID SUPPLY OF OIL, WE ARE DEAD IN THE WATER AS A NATION. IF IT IS TRUE THIS WAR IS ABOUT THE OIL, THEN BUSH WILL ULTIMATELY GO DOWN IN HISTORY AS THE SAVIOR OF THIS REPUBLIC.
THANK YOU GWB!!!:happy64: :happy64: