If you are not familiar with the Iran Oil Bourse, you need to Google it promptly. Thankfully, many reporters, commentators, and scholars that operate in the 10% zone not controlled by the Big Five have wrote outstanding articles and analysis regarding the true implications of the Iran Oil Bourse. In fact, there seems to be a new article on the subject, released daily. On January 15, 2006, Krassimir Petrov, Ph. D. wrote The Proposed Iranian Oil Bourse. His analysis: the proposed Iranian Oil Bourse will accelerate the fall of the American Empire. His qualifications: Petrov received his Ph.D. in economics from Ohio State University and currently teaches Macroeconomics, International Finance, and Econometrics at the American University in Bulgaria. In his article, Petrov recommends reading two works by William Clark: The Real Reasons for the Upcoming War in Iraq, and The Real Reasons Why Iran is the Next Target.
Here are the key points made by Krassimir Petrov, Ph. D. in his report: The Proposed Iranian Oil Bourse.
· The Iranian government has finally developed the ultimate “nuclear” weapon that can swiftly destroy the financial system underpinning the American Empire
· The weapon is the Iran Oil Bourse slated to open in March 2006
· With the opening of the Iran Oil Bourse:
o Europeans will no longer have to buy and hold U.S. Dollars in order to secure payment for oil. They will be able to purchase oil with their own currencies, the euro.
o The Chinese and Japanese will be especially eager to adopt the Iran Oil Bourse because it will allow them to drastically reduce their enormous dollar reserves and diversify with euros, thus protecting themselves against the depreciation of the U.S. Dollar.
o Russians have an inherent economic interest in adopting the euro because the bulk of its trade is with European countries
o The Arab-oil exporting countries also need to diversify against the rising mountains of U.S. debt notes – the depreciating dollar
What the Iran Oil Bourse means to the average American is that suddenly, hundreds of billions of U.S. dollars will become unwanted around the world. In essence, the money supply will double or triple. When supply outweighs demand, prices go down – except when dealing with currency. When money supply exceeds demand, prices go up. Its called inflation – the hidden tax brought to the U.S. taxpayer courtesy of the Federal Reserve Banking Cartel and our friends in the U.S. Congress. Imagine if every Americans income doubled in next week’s paycheck. Do you think prices for goods and services would decrease, remain the same, or increase? If you think they would decrease or remain the same, can I interest you in a hot stock I’m selling called Enron?
