The Saudis are not our friends.
America is being targeted by economic terrorism by many nations. If you can't see that, you are not paying attention.
The Saudis are not our friends.
America is being targeted by economic terrorism by many nations. If you can't see that, you are not paying attention.
The most devastating move will be when Iran — with whom we have little or no trade, due to sanctions etc — destroys the US economy by pricing its crude in Euros.
Preparatory measures taken to sell oil in euros
MEHR NEWS | Dec 2, 2005 | MEHR News
Posted on 12/04/2005 8:48:01 AM EST by RaceBannon
Edited on 12/04/2005 10:15:55 AM EST by Admin Moderator
http://www.freerepublic.com/focus/f-news/1533723/posts
Oil question
03/02/2006 | chuckles
Posted on 03/02/2006 3:14:39 AM EST by chuckles
http://www.freerepublic.com/focus/f-news/1588350/posts
Iran: Euro to replace dollar as oil currency
Middle East Forex
Posted on 05/10/2006 11:26:30 AM EDT by Grendel9
http://www.freerepublic.com/focus/f-news/1629845/posts
Iran replaces dollar with euro in most oil dealings
mehr | 2006/12/06 | mehr
Posted on 12/06/2006 3:58:58 AM EST by Flavius
http://www.freerepublic.com/focus/f-news/1749143/posts
Iran Switching From Dollars To Euros For Reserve Currency
AFP via translation | December 18, 2006
Posted on 12/18/2006 3:39:15 AM EST by HAL9000
http://www.freerepublic.com/focus/f-news/1755088/posts
Iran Slashes Oil Transactions in Dollars
Al Sharq al Awsat via Laura Mansfield | October 2, 2007
Posted on 10/02/2007 10:14:16 AM EDT by Calpernia
http://www.freerepublic.com/focus/f-news/1905346/posts
Incoming!
OPEC Has Already Turned to the Euro...The source for the euro exchange rate is the Federal Reserve, and I have calculated the euro's average exchange rate to the dollar for each year based on daily data.
GoldMoney Alert
February 18, 2004
|
US Imports of Crude oil
|
|||||
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
|
Year
|
Quantity (thousands of barrels)
|
Value (thousands of US dollars)
|
Unit price (US dollars)
|
Average daily US$ per € exchange rate
|
Unit price (euros)
|
|
2001 |
3,471,066
|
74,292,894
|
21.40
|
0.8952
|
23.91
|
|
2002
|
3,418,021
|
77,283,329
|
22.61
|
0.9454
|
23.92
|
|
2003
|
3,673,596
|
99,094,675
|
26.97
|
1.1321
|
23.82
|
We can see from column (4) in the above table that in 2001, each barrel of imported crude oil cost $21.40 on average for that year. But by 2003 the average price of a barrel of crude oil had risen 26.0% to $26.97 per barrel. However, the important point is shown in column (6). Note that the price of crude oil in terms of euros is essentially unchanged throughout this 3-year period.
As the dollar has fallen, the dollar price of crude oil has risen. But the euro price of crude oil remains essentially unchanged throughout this 3-year period. It does not seem logical that this result is pure coincidence. It is more likely the result of purposeful design, namely, that OPEC is mindful of the dollar's decline and increases the dollar price of its crude oil by an amount that offsets the loss in purchasing power OPEC's members would otherwise incur. In short, OPEC is protecting its purchasing power as the dollar declines.
The dollar’s in decline. Great news!
The Times (London) | November 23, 2007 | Gerard Baker
Posted on 11/22/2007 9:59:12 PM EST by PotatoHeadMick
http://www.freerepublic.com/focus/f-news/1929462/posts
We at least need to start raising interest rates to stop dollar deflation. We probably can’t slow down the housing market much more than it already is. With interest rates so low we gave it some time for a soft landing. The stock market will go down at first but Wall street can tolerate it. Consumers would enjoy more buying power with all the influx of foreign goods into this country. That will translate into adequate profits for Wal-Mart and other retail outlets.
:’)
America’s Trade Debts Lead to a Likely Gold Confiscation
GoldSeek.com | 2 December 2007 | Lawrence Patterson
Posted on 12/04/2007 11:14:34 PM EST by E. Pluribus Unum
http://www.freerepublic.com/focus/f-news/1934874/posts
The only thing we have to fear is fear-mongering (No Oil Shortage)
The Republican-American.com | December 3, 2007 | Gene Guilford
Posted on 12/03/2007 4:25:18 PM EST by Man50D
http://www.freerepublic.com/focus/f-news/1934124/posts
Bioethanol Boondoggle - Political viability is more important than commercial viability
Reason | December 4, 2007 | Ronald Bailey
Posted on 12/04/2007 8:46:54 PM EST by neverdem
http://www.freerepublic.com/focus/f-news/1934805/posts
D.C. Tax Scandal At $44.3 Million, Analysis Finds (Largest Corruption Scandal in DC History)
The Washington Post | December 2, 2007 | Carol D. Leonnig and Dan Keating
Posted on 12/05/2007 12:10:24 AM EST by khnyny
http://www.freerepublic.com/focus/f-news/1934883/posts
Stopping the Economic Time Bomb
All Right Magazine | 2007-11-23 | By MICHAEL JAY DEAN
Posted on 11/23/2007 9:10:20 PM EST by upsdriver
http://www.freerepublic.com/focus/f-bloggers/1929812/posts
Protectionist Rhetoric Will Accelerate the Dollar’s Slide
Ludwig von Mises Institute | 11/20/2007 | David Leo Veksler
Posted on 11/29/2007 10:11:00 PM EST by LowCountryJoe
http://www.freerepublic.com/focus/f-news/1932592/posts
Stocks Jump As Rate Cut Hopes Increase
(Dow up 335, NASD up 80)
AP?YodleWho! | Wednesday November 28, 2:57 pm ET
By Madlen Read, AP Business Writer
Posted on 11/28/2007 3:14:44 PM EST by rightinthemiddle
http://www.freerepublic.com/focus/f-news/1931860/posts