[roccman]

$this->bbcode_second_pass_quote('jboogy', 'W')ell said , Kunstler is a pretty smart dude and he lays it out in plain english.

[roccman]

Well now - this is an interesting develoment...

Bloomberg

$this->bbcode_second_pass_quote('', 'S')ept. 25 (Bloomberg) -- The yen gained versus the British pound and the euro after the Independent newspaper reported the U.K.'s deposit protection plan needs more cash after the bail out of mortgage lender Northern Rock Plc.

[roccman]

78.267

weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!

[emersonbiggins]

Another Thursday setting up?

[web]http://quotes.ino.com/chart/?s=NYBOT_DX&v=w[/web]

[roccman]

[Chuckmak]

*NOT IMPRESSED UNTIL I SEE A 10+ PERCENT DROP IN A DAY*

[strider3700]

$this->bbcode_second_pass_quote('Chuckmak', '[')b]*NOT IMPRESSED UNTIL I SEE A 10+ PERCENT DROP IN A DAY*

[Chuckmak]

$this->bbcode_second_pass_quote('strider3700', '')$this->bbcode_second_pass_quote('Chuckmak', '[')b]*NOT IMPRESSED UNTIL I SEE A 10+ PERCENT DROP IN A DAY*

[Petrodollar]

...just an fyi re Iran, the dollar, euro and yen...

http://www.tradearabia.com/news/newsdet ... tid=130930

$this->bbcode_second_pass_quote('', '[')b]Iran gets over 70pc oil income in non-US currencies
TradeAsia
09-25-2007

Iran has boosted the income it gets from crude oil sales in non-US dollar currencies to more than 70 percent, an oil official said.

A switch in payment by Nippon Oil and other Japanese refiners to yen has helped the Islamic Republic towards its goal of maximising oil revenue in currencies other than the dollar while the greenback stays weak.

Mohammad Ali Khatibi, deputy director of international affairs at the state oil company, told the oil ministry's official website Shana that some Japanese refiners have asked for more time to honour Tehran's request.

"Currently, over 70 percent of Iran's crude exports are based on euro and yen instead of dollar," said Khatibi.

For nearly two years, the world's fourth-biggest oil exporter has been reducing its exposure to the dollar, saying the weak US currency is eroding its purchasing power.

[roccman]

Top Currency Quotes


Free: FutureSource.com
Currencies/Forex Market Recap


Symbol Contract Month Time Last Chg Open High Low

DX Z7 [30] US DOLLAR Dec '07 16:14:53 78.195
-0.225 78.455 78.565 78.100

That's only .015 from record low. Tomorrow END OF THE WORLD AS WE KNOW IT

[PeakingAroundtheCorner]

$this->bbcode_second_pass_quote('Petrodollar', '.')..just an fyi re Iran, the dollar, euro and yen...

http://www.tradearabia.com/news/newsdet ... tid=130930

$this->bbcode_second_pass_quote('', '[')b]Iran gets over 70pc oil income in non-US currencies
TradeAsia
09-25-2007

Iran has boosted the income it gets from crude oil sales in non-US dollar currencies to more than 70 percent, an oil official said.

A switch in payment by Nippon Oil and other Japanese refiners to yen has helped the Islamic Republic towards its goal of maximising oil revenue in currencies other than the dollar while the greenback stays weak.

Mohammad Ali Khatibi, deputy director of international affairs at the state oil company, told the oil ministry's official website Shana that some Japanese refiners have asked for more time to honour Tehran's request.

"Currently, over 70 percent of Iran's crude exports are based on euro and yen instead of dollar," said Khatibi.

For nearly two years, the world's fourth-biggest oil exporter has been reducing its exposure to the dollar, saying the weak US currency is eroding its purchasing power.

[Tyler_JC]

Does anyone seriously believe that no one in the White House has taken an International Relations class before?

Invading other countries for resources doesn't work unless you can actually secure the resource!

And it's not even remotely conceivable (even for the most rampant Imperialist Neo-Conservatives) that the USA could fully secure Iraq's oil supply, let alone Iran's oil.

The Bush Administration isn't going to invade Iran. There is simply no workable plan for invasion. A limited air strike against a nuclear-processing facility, sure.

But an actual invasion?

We'd get crushed.

Iran's income comes from non-US currency because Americans don't purchase Iranian oil. China is Iran's biggest customer, followed by Japan.

Only a complete lunatic would cut off our largest trading partners (and financiers) from their energy supply for the sake of...what exactly? Another ruined ME country incapable of exporting enough oil to support itself?

[roccman]

$this->bbcode_second_pass_quote('Tyler_JC', 'D')oes anyone seriously believe that no one in the White House has taken an International Relations class before?

Invading other countries for resources doesn't work unless you can actually secure the resource!

And it's not even remotely conceivable (even for the most rampant Imperialist Neo-Conservatives) that the USA could fully secure Iraq's oil supply, let alone Iran's oil.

The Bush Administration isn't going to invade Iran. There is simply no workable plan for invasion. A limited air strike against a nuclear-processing facility, sure.

But an actual invasion?

We'd get crushed.

Iran's income comes from non-US currency because Americans don't purchase Iranian oil. China is Iran's biggest customer, followed by Japan.

Only a complete lunatic would cut off our largest trading partners (and financiers) from their energy supply for the sake of...what exactly? Another ruined ME country incapable of exporting enough oil to support itself?

[Petrodollar]

Tyler_JC wrote
$this->bbcode_second_pass_quote('', 'O')nly a complete lunatic would cut off our largest trading partners (and financiers) from their energy supply for the sake of...what exactly? Another ruined ME country incapable of exporting enough oil to support itself?

[roccman]

US Dollar Hits an All Time Low; It Only Gets Worse

$this->bbcode_second_pass_quote('', 'T')he US dollar fell to a new all time low of 1.4154 against the Euro on the back of continued deterioration in the US economy. Traders and investors are selling dollars as the outlook for consumer spending becomes bleaker with each passing day. Consumer confidence dropped to a 2 year low in the month of September while sales of existing homes fell to a 5 year low. We are actually surprised that there wasn’t an even larger drop given the deterioration in the labor markets, tight credit conditions and rising energy prices. October is the month when subprime adjustable rate mortgage resets will hit a peak of $50 billion. This is the largest amount on record and suggests that the cycle of major subprime related losses at hedge funds and banks could begin once again.

[Tyler_JC]

$this->bbcode_second_pass_quote('Petrodollar', '
')
In other words, the US economy could suffer such a combined monetary and energy crisis in the immediate aftermath of an attack on Iran that the American people would actually suffer from the blowback, not to mention a potential US military disaster of unparalleled proportions. These events would effectively end the US's status as a global superpower.

So, while a US-attack on Iran would be devestating to Iran's infastructure, some experts have proferred that in return the US military could suffer a devestating defeat in Iraq, not to mention a combined economic and energy crisis of massive proportions. So, let's all hope and pray that the Air Force generals would disobey any such illegal orders from the lunatics in the White House regarding any unprovoked air strikes against Iran during 2008....

[roccman]

$this->bbcode_second_pass_quote('ferrelgiraffe', 'O')oo, Oo, ooo! Teacher! Teacher!

Yes little ferrel?

This would cause the removal of the underpinnings of the monetary system causing destabilization of the economy (problem created) necessitating the leadership to appeal to the people (proposed solution) to pass more laws and develop a tighter control of the monetary system with super hyper micromanagement of every micron of our economy relegating total control to the powers that be to be able to instantly create digital credit and imaginary monetary manipulation (they dont even have to spend a dime printing pmoney!)
and PLUS they will get filthy rich selling and making bombs and war machinery as usual, PLUS they will inherit all the hard assets and land they have loaned money for with the impending collapse!


Teacher: Total takeover without war, Very good ferrel, come get your star.

[Tyler_JC]

$this->bbcode_second_pass_quote('ferrelgiraffe', 'w')ow, that 800 million in gold bullion missing from under the buildings in new york ought to really appreciate!

It is amazing, some people are always in the right place at the right time.

Rokefella once said:

To be rich

you get up early
work hard
and strike oil.