War With Iran Imminent

From CNN: 6:19 a.m. EDT, Wed April 30, 2008
Iran dumps U.S. dollar for oil trades


If history is any indication, it looks like Iran has just drawn its last straw with the United States. Not a lot of people know this but in 2000 Saddam Hussein announced that he would no longer accept US dollars in the oil for food program and that all payments would need to be made in Euros. A couple years later we were invading Iraq and have now switched the sale of Iraq's oil back to the dollar. This was obviously an attempt to convince OPEC and oil producing nations not to do the same. Today, Iran announced that it would stop conducting oil transactions in US dollars. At a Summit last year Iranian President Mahmoud Ahmadinejad called the US dollar a "worthless piece of paper". Iran stopped accepting the dollar for oil transactions in Europe and Asia in 2003. What, you thought the war in Iraq was about spreading freedom and WMD's?

Oil has traditionally been sold in dollars. Since the US is no longer on the gold standard, we only needed to print money to make more dollars in order to buy our oil but this isn't the case for other countries who had to conduct business with the US in the form of loans, in US dollars, in order to buy oil. This guaranteed that the US and the US dollar would always dominate the world economy and profit from nearly every oil transaction world wide. Now that these oil producing countries are getting less for their oil due to the falling value of the dollar, the only thing that is stopping them from switching the sale of their oil to the Euro is fear of a US attack. Guess what, with Bush's massive failure in Iraq and showing the world that we can't really successfully overthrow a country nor can we win a fight against civilians with small arms and improvised explosives, they no longer fear the threat of war. They know the US military is spread too thin to invade another country and install a new puppet government who will sell the US oil and accept US dollars for those transactions.

What this move by Iran will do is either prompt an attack by the US, especially if Republicans remain in power, or it will encourage other countries to switch to Euros as well. If that happens it will further devalue the US dollar and further increase the value of the Euro. The impact it will have in the US financial markets will be devastating if all of OPEC follows suit. Americans would also be forced to pay what the rest of the world as been paying for gas at about $5 per gallon. The bright side is that we will finally have to become energy dependent and look to other sources of power and reduce our oil and gas consumption. We won't have to worry about SUVs blocking our views of traffic or flipping over every time they slam on their breaks when they see a Starbucks. American car companies will have to invest in new technologies as will the energy sector and that could spawn a new industry and create more jobs. China will have to pin its Yuan to the Euro as opposed to the dollar and their imports will become more expensive and no longer mirror the ups and downs of the dollar. Wal-Mart may actually start buying American products again as imports and the cost of transporting those imports will increase and they will have to rely on US Manufacturers to be their main vendors. Or, we could just bomb Iran and keep things as they have always been.

And now for a little nugget of gold:

The Ad Congress Should be Condemning

No, strike that. No one in Congress should be wasting their time waving their finger at someone who said something they didn't like. With a housing bust, thousands dead in Iraq, multi-billion dollar deficit, impending race riots, immigration, etc., anyone who chose to waste time and tax payer money by crying like babies about someone exercising their right to free speech and press should be fired. You can thank conservative Republican John Cornyn of Texas, for this valuable lesson in Democracy in action.

I have become a bigger fan of Obama today for not pandering to these tattle tells.

At least the Moveon ad is something that may have some truth and validity to it. Of course no one can prove that Betrayus is a puppet for the Bush regime but it certainly isn't out of the realm of possibilities.

The deceitful ad below was sponsored by the group Freedom Watch, who I can assure you, has no interest in protecting our freedoms and should probably change their name to something like "We Watch as You are Deprived of Your Freedoms and Jesus Used to ride the Fag Hating Dinosaur". That would probably be a more appropriate name for their organization. The funny thing about them is that on the front page of their website, obviously a bit outdated (Computers are too scientific for Republicans) says that they are currently awaiting the Petraeus report but that no matter what he says, they are going to make sure we never pull out of Iraq. If you already know you don't want to pull out of Iraq, what does it matter what Petraeus says?? I guess its possible they already know what he is going to say because he is the Presidents bitch-boy, in that case, the Betrayus ad was right.

Moving on, here is the Freedom Watch ad linking Saddam to 9/11 which everyone except for Ari Fleischer and the 4 other guys who make up Freedom Watch (Bush included)knows is a lie. How dare they exploit a wounded American vet for their own politcal cause.



It's obvious the Republican's don't like being Swiftboated.

Flip Flopper

Cheney discussing why going into Baghdad and overthrowing Iraq would be a bad idea: