Cuban Missile Crisis, the Sequel; $3,000 Gold Possible

Posted by on Jan 09, 2012 | 30 comments

In what appears as swift retaliation by Iran against U.S.-led economic sanctions imposed on the Persian Gulf state, suddenly Iran says it will no longer accept the U.S. dollar as payment for its oil shipments to India, Japan and China.

In addition, bilateral trade between Iran and Russia will break from the dollar for settlement in favor of Iranian rial and Russian rubles, according to Iran’s state-run Fars news agency.  Sign-up for my 100% FREE Alerts

But unlike a similarly bold move taken on Oct. 30, 2000, (effective Nov. 6) by Saddam Hussein to rid Iraq of the U.S. dollar as payment for Iraqi oil, Iran asserts the new arrangement to drop the dollar was Russia’s idea.

“The proposal to switch to the ruble and the rial was raised by Russian President Dmitry Medvedev at a meeting with his Iranian counterpart, Mahmoud Ahmadinejad, in Astana, Kazakhstan, of the Shanghai Cooperation Organization,” according to Bloomberg.

So, is the U.S. about to embark on another Iraq, or is the situation with Iran more akin to an October 1962 Cuban Missile Crisis with Cuba’s big brother, Russia?

Amazingly, or not (media ignored the euro-for-Iraqi-oil story, too), since the bombshell Iranian announcement, only a handful of news outlets of the West covered the dollar-dumping announcement of this vital story.  Of course, though, zerohedge.com (and PrisonPlanet.com’s posting of the zerohedge post) was one of these handful, providing adequate sourcing and commentary of the breaking news about Iran/Russia from China-based ChinaDaily.com.cn.

Most of the usual suspects of traditional media, however, have drawn attention to the threat of a closing of the Strait of Hormuz, instead—an important issue, no doubt, but its no longer news at this point in the crisis and certainly doesn’t compete with the latest development regarding the trashing of the Greenback from a member of OPEC on the same day Russia lays anchor in Syria to the north of Israel.

According to China Daily, “Russian warships patrolling the eastern Mediterranean Sea have docked at Russia’s naval supply facility in the Syrian port of Tartus, the private Addounia TV reported Saturday.

“Governor of Tartus Imad Naddaf received the ships’ leaders and expressed appreciation to Russia’s support for Syria, the report said.

“Russia’s state-owned Itar-Tass news agency quoted a source from the Russian Navy as saying that ‘It is planned that the port of Tartus will be visited by a big anti-submarine ship of the Northern Fleet Admiral Chabanenko and an escort ship Yaroslav Mudry.

So, it appears that the Iranians are a lot more prepared to deal with the U.S. than its neighbor to the West was, Iraq.

And for those familiar with the most likely reason for the attack on Iraq may also be familiar with William R. Clark, author of Petrodollar Warfare: Oil, Iraq and the Future of the Dollar.  Of course, ‘weapons of mass destruction’ was merely a sophomoric ruse in the call to war with Iraq.  So what was the reason?

In his book, Clark makes a case for a world that will most probably include a future riddled with war in the Middle East, as the U.S. takes preemptive measures to secure—not only oil—but more importantly, to assure a continuation of dollar hegemony in global trade as a means of preventing a Greenback collapse as a medium of exchange and value.

As a preface to his book, Clark posited an essay in January 2003, titled, Revisited — The Real Reasons for the Upcoming War With Iraq: A Macroeconomic and Geostrategic Analysis of the Unspoken Truth.  In the essay, Clark cites an anonymous source who told him the NY Fed (through the Treasury ESF) ultimately dictates foreign policy via the U.S. dollar, and that any threat to the artificial support of the dollar must illicit an immediate response at the NSA level.

After reading Clark’s essay, anonymous, or not, the source appears to be a very, very good one.

According to anonymous:

The Federal Reserve’s greatest nightmare is that OPEC will switch its international transactions from a dollar standard to a euro standard. Iraq actually made this switch in Nov. 2000 (when the euro was worth around 82 cents), and has actually made off like a bandit considering the dollar’s steady depreciation against the euro. (Note: the dollar declined 17% against the euro in 2002.)

The real reason the Bush administration wants a puppet government in Iraq — or more importantly, the reason why the corporate-military-industrial network conglomerate wants a puppet government in Iraq — is so that it will revert back to a dollar standard and stay that way. (While also hoping to veto any wider OPEC momentum towards the euro, especially from Iran — the 2nd largest OPEC producer who is actively discussing a switch to euros for its oil exports).

Saddam sealed his fate when he decided to switch to the euro in late 2000 (and later converted his $10 billion reserve fund at the U.N. to euros) — at that point, another manufactured Gulf War become inevitable under Bush II. Only the most extreme circumstances could possibly stop that now and I strongly doubt anything can — short of Saddam getting replaced with a pliant regime.

Big Picture Perspective: Everything else aside from the reserve currency and the Saudi/Iran oil issues (i.e. domestic political issues and international criticism) is peripheral and of marginal consequence to this administration. Further, the dollar-euro threat is powerful enough that they will rather risk much of the economic backlash in the short-term to stave off the long-term dollar crash of an OPEC transaction standard change from dollars to euros. All of this fits into the broader Great Game that encompasses Russia, India, China.  [Emphasis added]

As we know, following Iraq’s decision to dump the dollar in favor of the Euro, 14 months later U.S. President George W. Bush delivered his ‘Axis of Evil’ speech on the first State of the Union address of his presidency on Jan. 23, 2002.  Iraq, Iran and N. Korean are the nations of that axis, according to Bush.

With Iraq as the first casualty of the Great Game, that leaves Iran and N. Korea left as targets and responses from Russia and China.

Calls for $3,000 gold are everywhere.  With central banks printing money at astonishing rates without formally announcing anything about it; tensions in the Persian Gulf rivaling the Cuban Missile Crisis; and an election year that sports the most threatening presidential candidate (Congressman Ron Paul of Texas) to the ‘establishment’ since John Kennedy (or maybe as far back as Theodore Roosevelt 1900-08), it appears early on that surviving 2012 without a major event is a very long shot, indeed.  Sign-up for my 100% FREE Alerts

Related BER articles,

Gerald Celente: EU Collapses in 90 Days, Bank Holiday and War

Gerald Celente Forecast 2012, FEMA Prepares for Dollar Collapse

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  • Anonymous

    LOLOL way to go Iran! This is what America gets for thinking it is indispensable. If America would stop trying to be the world bully maybe more countries would voluntarily cooperate.

  • Pete

    this is meaningless without a source

  • Elgenio Dervez

    We’ll gladly let anybody that wants to step in and keep the petty tyrants and megalomaniacs in line do so any time they want. If you had the guts.

  • Elgenio Dervez

    You also have to consider little Bush couldn’t be outdone by his father.

  • http://www.theiraqidinarnews.com/blog/344/even-as-iraqis-cheer-exit-of-last-us-troops-sectarian-feuds-point-to-worries.html The Iraqi Dinar News: Even as Iraqis cheer exit of last US troops, sectarian feuds point to worries …

    [...] Cuban Missile Crisis, the Sequel; 00 Gold Possible 6) by Saddam Hussein to rid Iraq of the US dollar as payment for Iraqi oil, Iran asserts the new arrangement to drop the dollar was Russia's idea. “The proposal to switch to the ruble and the rial was raised by Russian President Dmitry Medvedev at a … Read more on Beacon Equity Research [...]

  • http://siteground243.com/~hiram155/2012/01/10/cuban-missile-crisis-the-sequel-3000-gold-possible/ Cuban Missile Crisis, the Sequel; $3,000 Gold Possible – This weblog is for sounding DIVINE TRUTH in the ears of the dead!

    [...] was merely a sophomoric ruse in the call to war with Iraq.  So what was the reason?…….MORE HERE Share [...]

  • http://profiles.yahoo.com/u/6EWDTDGGPM2NUB23WZXTLKO6DI Lorili

    As long as the petty tyrants and megalomaniacs are sitting on top of large oil reserves.

  • Isaac100us

    yeah what about taliban and pakistan???  you defeated or no desire to fight???

  • http://www.eutimes.net/2012/01/russian-move-against-us-called-first-shot-of-world-war-iii/ Russian Move Against US Called “First Shot” Of World War III | EUTimes.net

    [...] to this report, Iran swiftly countered planed US sanctions against its Central Bank yesterday by announcing that it will no longer accept the US Dollar as payment for its oil shipments to India, Japan and [...]

  • http://www.thetotalcollapse.com/cuban-missile-crisis-the-sequel-3000-gold-possible/ Cuban Missile Crisis, the Sequel; $3,000 Gold Possible | The Total Collapse

    [...] Source. [...]

  • http://mysteryoftheinquity.wordpress.com/2012/01/10/russian-move-against-us-called-first-shot-of-world-war-iii/ Russian Move Against US Called “First Shot” Of World War III « Mystery of the Iniquity

    [...] to this report, Iran swiftly countered planed US sanctions against its Central Bank yesterday by announcing that it will no longer accept the US Dollar as payment for its oil shipments to India, Japan and [...]

  • Hert76der

    All part of the plan, the show.
    EVERYTHING is orchestrated.

  • TotalZionistRule

    All sides are bought and paid for.
    As KKKarl Rove said many years ago.
    “we’re the actors on stage creating the play.
    You’re just the audience”.

  • http://www.thetotalcollapse.com/russian-move-against-us-called-first-shot-of-world-war-iii/ Russian Move Against US Called “First Shot” Of World War III | The Total Collapse

    [...] to this report, Iran swiftly countered planed US sanctions against its Central Bank yesterday by announcing that it will no longer accept the US Dollar as payment for its oil shipments to India, Japan and [...]

  • Elgenio Dervez

    An attack is an attack be it economic or military. And you can’t win with a two faced government like Pakistan “helping” you. You people learned nothing from history. I guess you get that when you get into high school. Lol

  • Elgenio Dervez

    An attack is an attack be it economic or military. And you can’t win with a two faced government like Pakistan “helping” you. You people learned nothing from history. I guess you get that when you get into high school. Lol

  • http://blogs.ottawacitizen.com/2012/01/10/did-russia-fire-the-first-shot-in-the-pending-war-with-iran/ Did Russia fire the first shot in the pending war with Iran? | Ottawa Citizen

    [...] Iranian-Russian move to abandon the U.S. dollar prompted other oil-importing countries – China, Ind…, the American economy could be badly [...]

  • Scousepott

    U.S.of
    A. — reduced to being ragged trousered philantropists and sending
    their hard earned bucks to ungrateful nazionist israel.
    Patriots—remember the USS LIBERTY.

  • http://www.pakalertpress.com/2012/01/11/russian-move-against-us-called-first-shot-of-world-war-iii/ Russian Move Against US Called “First Shot” Of World War III | Pakalert Press

    [...] to this report, Iran swiftly countered planed US sanctions against its Central Bank yesterday by announcing that it will no longer accept the US Dollar as payment for its oil shipments to India, Japan and [...]

  • Dr. Paul

    Ok, something I don’t understand here.  Why wouldn’t the EU, especially Britain, be all for the new arrangement since it would bail out Europe and countries like Greece and Italy who now are relying on the Euro/U.S. bailout?  

    As a leader, I certainly would not sign on to a war that was going to weaken my currency as opposed to an agreement with the oil nations which would undoubtedly strengthen my currency.

  • WinstonFlowers

    Thank you congressman, good luck in SC.

  • http://investmentwatchblog.com/russian-move-against-us-called-first-shot-of-world-war-iii/ Russian Move Against US Called “First Shot” Of World War III « Investment Watch Blog – 2012

    [...] to this report, Iran swiftly countered planed US sanctions against its Central Bank yesterday by Announcing that it will no longer accept the US Dollar as payment for its oil shipments to India, Japan and [...]

  • http://wrc559.com/2012/01/12/russian-move-against-us-called-first-shot-of-world-war-iii/ Russian Move Against US Called “First Shot” Of World War III | WRC559

    [...] to this report, Iran swiftly countered planed US sanctions against its Central Bank yesterday by announcing that it will no longer accept the US Dollar as payment for its oil shipments to India, Japan and [...]

  • Obkl

    US is not doing anything to keep petty tyrants in line. They have only one large industry left, and one major export: DEATH.No war, no America the bountiful.

  • http://thehivedaily.com/blog/2012/01/21/russian-move-against-us-called-first-shot-of-world-war-iii/ Russian Move Against US Called “First Shot” Of World War III | The Hive Daily – Raw. Unfiltered. Fearless

    [...] to this report, Iran swiftly countered planed US sanctions against its Central Bank yesterday by announcingthat it will no longer accept the US Dollar as payment for its oil shipments to India, Japan and [...]

  • Freedomunrestricted

    we don’t keep them inline just choose which ones to keep in power. then remove them as we see fit.

  • Elgenio Dervez

    You kids on the web think the world is black or white. If we didn’t control the oil anybody could threaten our economy and your comfortable little lives in front of your computers. You would change your tune if your city had rolling 6 to 8 hour blackouts as they do in some countries. We don’t just keep or country from being coerced by the petty despots but the rest of the free world. We have not gone into any country in the Arab world without the approval of the majority of the Arab countries.

  • Eugenia Dervez

    Paranoia runs deep into your heart it will creep. FYI – the US has NEVER entered any Arab country without the approval and aid of other Arab countries or Pakistan. We keep the petty despots from coercing the free world with the ruin of their economies by cutting off the oil as a means of extortion. And we are aided with troops from many countries. Canada, Germany , Great Britain, Saudi Arabia, Jordan, Australia and Scandinavian countries to name a few. So enjoy your gas gusling car and electricity gusling appliances and stop whining. The world problems are never just black or white.

  • Elgenio Dervez

    The US has NEVER entered an Arab country without the approval and aid of a majority of the Arab countries. US troops are accompanied and aided by countries like Canada, Great Britain, Germany, Saudi Arabia, Jordan and Scandanavian countries as well as Pakistan.

  • Elgenio Dervez

    We contribute to the world economy by keeping the rest of the world employed and by being the worlds formost innovator and inventor.

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