China Shifts to Euros for Iranian Oil

Originally posted by Justin Oldham
Makes me wonder who is washing their dollars again. Does anyone have a lead on that possibility?

Got some more news for you buddy



news.bbc.co.uk...



[edit on 18-4-2007 by infinite]

Looks to me like the dollar will be pretty weak by the end of this year. With no traction, we could very well see that recession that we've been talking about.

www.abovetopsecret.com...

Asian stocks have taken a HUGE dive. China lost about 5%.

could somebdoy please provide us with an update on this matter? Take your time and write out a full essay if you have time, with links. This is something that we should NOT lose track of.

UK economy 'skating on thin ice'

news.bbc.co.uk...

Ekkkk!

Chavez and Big Oil gear up for struggle over Venezuela's oil future
CARACAS, Venezuela: Forcing Big Oil to give up control of Venezuela's most promising oil fields this week will be relatively easy for President Hugo Chavez, but he will face a more delicate challenge in getting the world's top oil companies to stay and keep investing.

Crunch time approaches for foreign oil interests in Venezuela. The question seems to be whether Chavez will over-play his hand in negotiations this week. With the JWB administration fully engaged in the ME, not to mention the looming problems with Putin over missile defense systems in Eastern Europe...Chavez continues to up the energy ante.

Regardless of US preoccupations elsewhere...I can easily fathom that covert planning to deal with the Chavez situation, is well past the preliminary stages.

Peace &
Good Fortune
OBE1

Hey, folks. I have a technical question for you. How many MORE countries will switch to Euros before the U.S. dollar becomes too weak? I need some help with this one. What do you think?

I flicked it over to Bloomberg and heard these words

"is it time to drop the Dollar?"

not sure what it's in relation too, but i shall find out

That seems to be the word of the day...... Spend like there is no tomorrow.

People are going to borrow and spend like drunken sailors on the last night of leave, before going to war. That is what to expect for the near future.

I am not so sure that one economy will be stronger than another. Countries will try to stand, but a weak World economy will bring talk of another big change to one world currency.

This may very well be the makings of a NWO agreement to unite the worlds economy under one monetary system for world trade?

Then you will not be able to trade, without the blessing of that group....humm....sounds a lot like Revelation.

I've been getting a lot of u2's on this subject of late, and I'm trying to build a thread for my CM forum that will give many a chance to kick this around in a more academic setting. Thanks to those who are sending me good research. Keep it coming.

Now, let's have a look at what's going on here. The rise of the Euro and the fall of the Dollar. There are several things that need to be looked ato. Put on your conspiracy hat and follow me.

1. There is a certain school of thought that says, "even if the U.S. is at the center of the NWO, it will still be necessary to break the supremacy of the dollar to pave the way for bigger NWO moves."

2. Even if there is no NWO, its clear that there is a trade war coming. Like it or not, even if the various trading blocks are on good terms with each other...only one can reign supreme.

3. We'll be looking at a series of economic mini-wars that flare and die over the course of the next decade. The risk of a U.S. depression (no, that's not a typo) is significant. Some trade blocks will die. New amalgomations will take their place.

Originally posted by Justin Oldham
...I'm trying to build a thread for my CM forum that will give many a chance to kick this around in a more academic setting.

Looking forward to that!

As for your question on how many more countries will switch over to the Euro, your guess is as good as mine. I think once the Iranian oil bourse is up and running many of their clients will use Euros if they are not already doing so (like China). I could also see many South American and Middle East countries doing the same or any other country the US has managed to piss-off in the last 60 years (the list is long).

There are many countries who have already "diversified" their forex reserves.

There are many threads on ATS about these subject but I don't think anyone has a comprehensive list.

Not to brag (well maybe a little ) but you may want to click on my member profile and look at the threads I've authored since becoming a member here. Lots of economic and geopolitical stuff.
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[edit on 5/2/2007 by Gools]

Okay, Gools. What more can you tell us about this topic?

Sorry Justin.

All I have is what I get from the news and the sites I visit. Nothing new on China's switch to Euros as far as I know.

In addition I had some health issues recently which caused me to become completely detached from current events etc for a time.

I'm getting back into the groove but as an example I just caught wind of the Bear Stearns thing last night.
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