Sunday, April 15, 2012

Trade and Currency Wars Before the Shooting War

From The Ramparts

"Iran has stopped its oil exports to Germany and declared a ban on imports from 100 European Union companies, in response to its banking and oil sanctions, the Iranian media reported on Wednesday. This move came three days before the resumption of nuclear talks with world powers in Istanbul... These measures come after the EU countries have decided on Jan. 24 to impose a gradual and unprecedented oil embargo on Iran and embargo on its Central Bank in order to stop funding sources for its controversial nuclear program. In response, Tehran decided in mid-February to stop oil sales to France and Britain, whose purchases were already minimal. And Tuesday, Iran, OPEC's second country, announced it was not selling more oil to Spain and Greece. In 2011, oil exports to Europe accounted for about 450,000 barrels of oil per day, or about 18% of Iranian exports. Italy (180,000 b/d), Spain (160,000 b/d) and Greece (100,000 b/d) were the three main customers of Iranian oil among European countries." http://www.albawaba.com/main-headlines/iran-stops-oil-sales-germany-420651

In response to a series of European Union, US and UK imposed economic sanctions against Iran, the Iranian government has decided to reciprocate by banning the sale of its oil to EU countries. This move ratchets the tension caused by these trade and currency wars which could be a prelude to a hot or shooting war between the West ( warmongering white imperialists), Iran and perhaps its allies China and Russia. As I have pointed out in prior articles the brouhaha about Iran's non existent nuclear weapons is merely a pretext to take action against the Islamic Republic because Iran has opened an oil and energy exchange to rival the exchanges in New York and London. Iran is now selling its oil and natural gas in currencies other than the US Dollar. "Iran's sly weapon against the Great Satan's currency? An oil bourse on Kish Island in the Persian Gulf, which has now begun selling high-grade Iranian crude oil... The Kish Exchange dates back to February 2008, when instead of Tehran, Kish was chosen because it had designated as a free trade zone. The Exchange was set up to trade contracts in euros, Iranian rials and a basket of other currencies other than dollars. The previous year, Iran had requested that its petroleum customers pay in non-dollar currencies. But the Exchange initially traded contracts only for oil-derived products, such as those used as feedstocks for plastics and pharmaceuticals. Now the institution has taken the next step... What it would take for Iran's new exchange to survive and flourish are some heavy-duty customers that Washington would be wary of picking a fight with, and Tehran already has one – China. China simply ignores Washington's squeals about sanctions, but it is concerned about the bottom line, and unless Iran makes its oil prices more attractive versus competing supplies from the rest of the Middle East or South American exporters, it may be hard for the OPEC member to boost its share in the rapidly expanding Chinese market. Enter the Kish Exchange. China's Ambassador to Tehran Yu Hung Yang, addressing the Iran-China trade conference in Tehran on Monday, said that the value of the two countries' trade exchanges surged 55 percent during the first four months of 2011 over the same period a year ago to $13.28 billion and further predicted that the figure would surpass $40 billion by the end of the year. China, the world's largest buyer of Iranian crude oil, has renewed its annual import pacts for 2011. In 2010 Iran supplied about 12 percent of China's total crude imports. According to the latest report of the China Customs Organization, Iran's total oil exports to China stood at 8.549 million tons between January and April 2011, up 32 percent compared with the same period last year. Iran is currently China's third largest supplier of crude oil, providing China with nearly one million barrels per day. China simply ignores Washington's squeals about sanctions, but it is concerned about the bottom line, and unless Iran makes its oil prices more attractive versus competing supplies from the rest of the Middle East or South American exporters, it may be hard for the OPEC member to boost its share in the rapidly expanding Chinese market. Enter the Kish Exchange. China's Ambassador to Tehran Yu Hung Yang, addressing the Iran-China trade conference in Tehran on Monday, said that the value of the two countries' trade exchanges surged 55 percent during the first four months of 2011 over the same period a year ago to $13.28 billion and further predicted that the figure would surpass $40 billion by the end of the year.
So much for sanctions, eh?" Iran Opens Oil Bourse - Harbinger of Trouble for New York and London? John Daley http://oilprice.com/Energy/Crude-Oil/Iran-Opens-Oil-Bourse-Harbinger-of-Trouble-for-New-York-and-London.html
In the eyes of the psychopathic global banking and oil industry elites and their minions in government any challenge to US dollar and Rothschild banking cartel hegemony is a major no no. This is what really precipitated the US/NATO shock and awe attack on Saddam Hussein in Iraq and the attack on Muammar Gaddafi and Libya last year. Both men were attempting to sell oil in other currencies or in Gaddafi's case, establish an all African gold based currency. Iran's self- determination to do what is in its' best interests even though it conflicts with New York, London and Switzerland could very well lead to WWIV.
No I didn't skip a world war, World War III was all the proxy wars since 1945 fought around the globe pitting the US and Europe against Cuba, China and for a while Russia in countries like Korea, Vietnam Nam, Cambodia, Angola, Granada, Afghanistan, Columbia and countless other places. Unlike the West, Iran is not an aggressor nation. Iran poses no imperial threat to any nation in the region including Israel which is more than you can say for the US, UK and Israel. Iran has every right to develop nuclear energy for peaceful purposes. Iran is a signatory of the Nuclear Non Proliferation Treaty which Israel still refuses to sign. Israel has waged war in one degree or another constantly throughout the region. The US has been interfering in the domestic affairs of Iran since 1954 so who are the real threats to peace and stability in the region and the world?
Iran is a major oil and natural gas exporter. In 2008 Iran opened its oil exchange which is a direct competitor to the New York and London commodities exchanges. The US, NATO and the EU have been maneuvered into a position where their sanctions and saber rattling are now having major blow back on them. Europe is putting itself in the position of not having access to much needed oil and natural gas. "Iran's Press TV says Tehran has cut oil exports to Germany, one day after halting crude exports to Spain. The state English-language network says the move is in retaliation for an EU ban on Iranian oil imports that is to go into effect in July. Iran had already stopped oil exports to France, Britain, and Greece and says it is now considering halting crude sales to Italy. Press TV also said Iran planned to ban imports from 100 European companies as part of its retaliation against EU sanctions. The European Union imposed its sanctions over Iran's nuclear program, which Western powers suspect is aimed at making weapons." http://www.rferl.org/content/iran_stops_oil_exports_to_germany/24544893.html
Meanwhile there is no concrete evidence whatsoever Iran is pursuing nuclear weapons. The US and England lied about Iraq's non-existent WMDs remember? Thanks to them Iraq is still in disarray due to US imperialistic hubris. Western economic sanctions have triggered corresponding trade wars which could very well be the precursor to a real war that will devastate the region. The notion Iran will passively allow Israel r the US to bomb its nuclear facilities like Israel did Iraq's Osiraq facility in 1981 (using US made jets and US intelligence) is far fetched at best. Iran is not Iraq. The mindset of the Iranian leadership is totally different. The US and UK bombed Iraq for thirteen years prior to the US led invasion in 2003.Iraq never fought back. By contrast the real rulers of Iran, the religious Ayatollahs have publicly stated on numerous occasions, any US or Israel attack on their nuclear facilities would be met with in kind retaliation. The Iranian resolve and resilience from 1980-88 during the US backed Iraq war against them should tell us something about how they roll. Remember the Iranians are Persians, the land of "an eye for an eye, tooth for tooth blood for blood." The hubris of the Israelis and their lap dogs in Washington, London and Brussels may be the West's undoing and trigger a conflagration unlike the world has ever seen.
The imperialism and hubris of the West (especially the the Ashkenazim) may reap irreparable KARMA. The Christian Zionists and Evangelical crazies who believe a war in that region will usher in the "Rapture" and be the catalyst for the return of Jesus of Nazareth will be in for a rude awakening. An attack on Iran will not be a one and done event. Iran will retaliate forcing the US to take sides and back Israel militarily. This may force China and possibly Russia to side with Iran, thus potentially triggering a World War. A protracted war in that region may bring about the exact opposite of the "Rapture", resulting in the further spread of European psychopathy and the hell of another world war.


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