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Sunday, January 22, 2006

The Economics Behind War With Iran

If War Comes Will It Be Because Of Nukes or Euro's?

Who's fate will be similiar to the ancient city of Tyre?

Ezekiel Chapter 27-29






The Proposed Iranian Oil Bourse
By Krassimir Petrov, Ph.D.
20 January, 2006Gold Eagle

I. Economics of Empires

A nation-state taxes its own citizens, while an empire taxes other nation-states. The history of empires, from Greek and Roman, to Ottoman and British, teaches that the economic foundation of every single empire is the taxation of other nations. The imperial ability to tax has always rested on a better and stronger economy, and as a consequence, a better and stronger military. One part of the subject taxes went to improve the living standards of the empire; the other part went to strengthen the military dominance necessary to enforce the collection of those taxes. Historically, taxing the subject state has been in various forms-usually gold and silver, where those were considered money, but also slaves, soldiers, crops, cattle, or other agricultural and natural resources, whatever economic goods the empire demanded and the subject-state could deliver. Historically, imperial taxation has always been direct: the subject state handed over the economic goods directly to the empire. For the first time in history, in the twentieth century, America was able to tax the world indirectly, through inflation. It did not enforce the direct payment of taxes like all of its predecessor empires did, but distributed instead its own fiat currency, the U.S. Dollar, to other nations in exchange for goods with the intended consequence of inflating and devaluing those dollars and paying back later each dollar with less economic goods-the difference capturing the U.S. imperial tax. Here is how this happened. Early in the 20th century, the U.S. economy began to dominate the world economy. The U.S. dollar was tied to gold, so that the value of the dollar neither increased, nor decreased, but remained the same amount of gold. The Great Depression, with its preceding inflation from 1921 to 1929 and its subsequent ballooning government deficits, had substantially increased the amount of currency in circulation, and thus rendered the backing of U.S. dollars by gold impossible. This led Roosevelt to decouple the dollar from gold in 1932. Up to this point, the U.S. may have well dominated the world economy, but from an economic point of view, it was not an empire. The fixed value of the dollar did not allow the Americans to extract economic benefits from other countries by supplying them with dollars convertible to gold.

Economically, the American Empire was born with Bretton Woods in 1945. The U.S. dollar was not fully convertible to gold, but was made convertible to gold only to foreign governments. This established the dollar as the reserve currency of the world. It was possible, because during WWII, the United States had supplied its allies with provisions, demanding gold as payment, thus accumulating significant portion of the world's gold. An Empire would not have been possible if, following the Bretton Woods arrangement, the dollar supply was kept limited and within the availability of gold, so as to fully exchange back dollars for gold. However, the guns-and-butter policy of the 1960's was an imperial one: the dollar supply was relentlessly increased to finance Vietnam and LBJ's Great Society. Most of those dollars were handed over to foreigners in exchange for economic goods, without the prospect of buying them back at the same value. The increase in dollar holdings of foreigners via persistent U.S. trade deficits was tantamount to a tax-the classical inflation tax that a country imposes on its own citizens, this time around an inflation tax that U.S. imposed on rest of the world. When in 1970-1971 foreigners demanded payment for their dollars in gold, The U.S. Government defaulted on its payment on August 15, 1971. While the popular spin told the story of "severing the link between the dollar and gold", in reality the denial to pay back in gold was an act of bankruptcy by the U.S. Government. Essentially, the U.S. declared itself an Empire. It had extracted an enormous amount of economic goods from the rest of the world, with no intention or ability to return those goods, and the world was powerless to respond- the world was taxed and it could not do anything about it. From that point on, to sustain the American Empire and to continue to tax the rest of the world, the United States had to force the world to continue to accept ever-depreciating dollars in exchange for economic goods and to have the world hold more and more of those depreciating dollars. It had to give the world an economic reason to hold them, and that reason was oil. In 1971, as it became clearer and clearer that the U.S Government would not be able to buy back its dollars in gold, it made in 1972-73 an iron-clad arrangement with Saudi Arabia to support the power of the House of Saud in exchange for accepting only U.S. dollars for its oil. The rest of OPEC was to follow suit and also accept only dollars. Because the world had to buy oil from the Arab oil countries, it had the reason to hold dollars as payment for oil. Because the world needed ever increasing quantities of oil at ever increasing oil prices, the world's demand for dollars could only increase. Even though dollars could no longer be exchanged for gold, they were now exchangeable for oil. The economic essence of this arrangement was that the dollar was now backed by oil. As long as that was the case, the world had to accumulate increasing amounts of dollars, because they needed those dollars to buy oil. As long as the dollar was the only acceptable payment for oil, its dominance in the world was assured, and the American Empire could continue to tax the rest of the world. If, for any reason, the dollar lost its oil backing, the American Empire would cease to exist. Thus, Imperial survival dictated that oil be sold only for dollars. It also dictated that oil reserves were spread around various sovereign states that weren't strong enough, politically or militarily, to demand payment for oil in something else. If someone demanded a different payment, he had to be convinced, either by political pressure or military means, to change his mind.

The man that actually did demand Euro for his oil was Saddam Hussein in 2000. At first, his demand was met with ridicule, later with neglect, but as it became clearer that he meant business, political pressure was exerted to change his mind. When other countries, like Iran, wanted payment in other currencies, most notably Euro and Yen, the danger to the dollar was clear and present, and a punitive action was in order. Bush's Shock-and-Awe in Iraq was not about Saddam's nuclear capabilities, about defending human rights, about spreading democracy, or even about seizing oil fields; it was about defending the dollar, ergo the American Empire. It was about setting an example that anyone who demanded payment in currencies other than U.S. Dollars would be likewise punished. Many have criticized Bush for staging the war in Iraq in order to seize Iraqi oil fields. However, those critics can't explain why Bush would want to seize those fields-he could simply print dollars for nothing and use them to get all the oil in the world that he needs. He must have had some other reason to invade Iraq. History teaches that an empire should go to war for one of two reasons: (1) to defend itself or (2) benefit from war; if not, as Paul Kennedy illustrates in his magisterial The Rise and Fall of the Great Powers, a military overstretch will drain its economic resources and precipitate its collapse. Economically speaking, in order for an empire to initiate and conduct a war, its benefits must outweigh its military and social costs. Benefits from Iraqi oil fields are hardly worth the long-term, multi-year military cost. Instead, Bush must have gone into Iraq to defend his Empire. Indeed, this is the case: two months after the United States invaded Iraq, the Oil for Food Program was terminated, the Iraqi Euro accounts were switched back to dollars, and oil was sold once again only for U.S. dollars. No longer could the world buy oil from Iraq with Euro. Global dollar supremacy was once again restored. Bush descended victoriously from a fighter jet and declared the mission accomplished-he had successfully defended the U.S. dollar, and thus the American Empire.

II. Iranian Oil Bourse

The Iranian government has finally developed the ultimate "nuclear" weapon that can swiftly destroy the financial system underpinning the American Empire. That weapon is the Iranian Oil Bourse slated to open in March 2006. It will be based on a euro-oil-trading mechanism that naturally implies payment for oil in Euro. In economic terms, this represents a much greater threat to the hegemony of the dollar than Saddam's, because it will allow anyone willing either to buy or to sell oil for Euro to transact on the exchange, thus circumventing the U.S. dollar altogether. If so, then it is likely that almost everyone will eagerly adopt this euro oil system: The Europeans will not have to buy and hold dollars in order to secure their payment for oil, but would instead pay with their own currencies. The adoption of the euro for oil transactions will provide the European currency with a reserve status that will benefit the European at the expense of the Americans. The Chinese and the Japanese will be especially eager to adopt the new exchange, because it will allow them to drastically lower their enormous dollar reserves and diversify with Euros, thus protecting themselves against the depreciation of the dollar. One portion of their dollars they will still want to hold onto; a second portion of their dollar holdings they may decide to dump outright; a third portion of their dollars they will decide to use up for future payments without replenishing those dollar holdings, but building up instead their euro reserves. The Russians have inherent economic interest in adopting the Euro - the bulk of their trade is with European countries, with oil-exporting countries, with China, and with Japan. Adoption of the Euro will immediately take care of the first two blocs, and will over time facilitate trade with China and Japan. Also, the Russians seemingly detest holding depreciating dollars, for they have recently found a new religion with gold. Russians have also revived their nationalism, and if embracing the Euro will stab the Americans, they will gladly do it and smugly watch the Americans bleed. The Arab oil-exporting countries will eagerly adopt the Euro as a means of diversifying against rising mountains of depreciating dollars. Just like the Russians, their trade is mostly with European countries, and therefore will prefer the European currency both for its stability and for avoiding currency risk, not to mention their jihad against the Infidel Enemy. Only the British will find themselves between a rock and a hard place. They have had a strategic partnership with the U.S. forever, but have also had their natural pull from Europe. So far, they have had many reasons to stick with the winner. However, when they see their century-old partner falling, will they firmly stand behind him or will they deliver the coup de grace? Still, we should not forget that currently the two leading oil exchanges are the New York's NYMEX and the London's International Petroleum Exchange (IPE), even though both of them are effectively owned by the Americans. It seems more likely that the British will have to go down with the sinking ship, for otherwise they will be shooting themselves in the foot by hurting their own London IPE interests. It is here noteworthy that for all the rhetoric about the reasons for the surviving British Pound, the British most likely did not adopt the Euro namely because the Americans must have pressured them not to: otherwise the London IPE would have had to switch to Euros, thus mortally wounding the dollar and their strategic partner.
At any rate, no matter what the British decide, should the Iranian Oil Bourse accelerate, the interests that matter-those of Europeans, Chinese, Japanese, Russians, and Arabs-will eagerly adopt the Euro, thus sealing the fate of the dollar. Americans cannot allow this to happen, and if necessary, will use a vast array of strategies to halt or hobble the operation's exchange: Sabotaging the Exchange-this could be a computer virus, network, communications, or server attack, various server security breaches, or a 9-11-type attack on main and backup facilities. Coup d'état-this is by far the best long-term strategy available to the Americans. Negotiating Acceptable Terms & Limitations-this is another excellent solution to the Americans. Of course, a government coup is clearly the preferred strategy, for it will ensure that the exchange does not operate at all and does not threaten American interests. However, if an attempted sabotage or coup d'etat fails, then negotiation is clearly the second-best available option. Joint U.N. War Resolution-this will be, no doubt, hard to secure given the interests of all other member-states of the Security Council. Feverish rhetoric about Iranians developing nuclear weapons undoubtedly serves to prepare this course of action. Unilateral Nuclear Strike-this is a terrible strategic choice for all the reasons associated with the next strategy, the Unilateral Total War. The Americans will likely use Israel to do their dirty nuclear job. Unilateral Total War-this is obviously the worst strategic choice. First, the U.S. military resources have been already depleted with two wars. Secondly, the Americans will further alienate other powerful nations. Third, major dollar-holding countries may decide to quietly retaliate by dumping their own mountains of dollars, thus preventing the U.S. from further financing its militant ambitions. Finally, Iran has strategic alliances with other powerful nations that may trigger their involvement in war; Iran reputedly has such alliance with China, India, and Russia, known as the Shanghai Cooperative Group, a.k.a. Shanghai Coop and a separate pact with Syria. Whatever the strategic choice, from a purely economic point of view, should the Iranian Oil Bourse gain momentum, it will be eagerly embraced by major economic powers and will precipitate the demise of the dollar. The collapsing dollar will dramatically accelerate U.S. inflation and will pressure upward U.S. long-term interest rates. At this point, the Fed will find itself between Scylla and Charybdis-between deflation and hyperinflation-it will be forced fast either to take its "classical medicine" by deflating, whereby it raises interest rates, thus inducing a major economic depression, a collapse in real estate, and an implosion in bond, stock, and derivative markets, with a total financial collapse, or alternatively, to take the Weimar way out by inflating, whereby it pegs the long-bond yield, raises the Helicopters and drowns the financial system in liquidity, bailing out numerous LTCMs and hyperinflating the economy. The Austrian theory of money, credit, and business cycles teaches us that there is no in-between Scylla and Charybdis. Sooner or later, the monetary system must swing one way or the other, forcing the Fed to make its choice. No doubt, Commander-in-Chief Ben Bernanke, a renowned scholar of the Great Depression and an adept Black Hawk pilot, will choose inflation. Helicopter Ben, oblivious to Rothbard's America's Great Depression, has nonetheless mastered the lessons of the Great Depression and the annihilating power of deflations. The Maestro has taught him the panacea of every single financial problem-to inflate, come hell or high water. He has even taught the Japanese his own ingenious unconventional ways to battle the deflationary liquidity trap. Like his mentor, he has dreamed of battling a Kondratieff Winter. To avoid deflation, he will resort to the printing presses; he will recall all helicopters from the 800 overseas U.S. military bases; and, if necessary, he will monetize everything in sight. His ultimate accomplishment will be the hyperinflationary destruction of the American currency and from its ashes will rise the next reserve currency of the world-that barbarous relic called gold.



3 Comments:

  • Nice spin

    mynewsbot.com

    By Anonymous Anonymous, at 11:56 AM  

  • This is message being sent to thousands of sites by a robot.

    Have you asked the liberated women and children in IRAQ and Afghanistan
    some of whom have been blown straight to the next kingdom how they view there situation i suppose its ok its only collateral damage.
    How would you like sanctions on USA that kills millions of children then someone comes to liberate you from your despotic regime kills 100's thousands of people and says we dont do nation building or body counts.


    The way of Christ does not need Nuclear Weapons to destroy its enemies. Reason and logic are the ultimate weapons and no amount of WMD’s possessed by Iran, Pakistan, Saudi Arabia, Israel and the USA can touch it. If you think that having nuclear weapons will save you then you must belong to the camp of the anti-christ, just search your soul for the answer.


    PLEASE READ THE FOLLOWING PASSAGES FROM THE BIBLE AS IT HAS IMPLICATIONS ON THE WAR AGAINST TERROR/ISLAM and the claim of Israel that god gave them the land. If the child is an infant than the Judeo-Christian version becomes null and void and we are wasting our time and resources i.e. we could save trillions of dollars and create a more peaceful world rather than fighting against Islam the religion of Abraham, Moses, Jesus and Muhammad (peace be upon them all).

    The COVENANT with Abraham and his DESCENDANTS is central to islam/chritianity/judaism.

    Please note this is not a competition between faiths but an attempt to decipher fact from fiction.

    GENESIS 16:16
    And Hagar bore Abram a son; and Abram called the name of his son, whom Hagar bore, Ishmael. Abram was eighty-six years old when Hagar bore Ishmael to Abram.
    GENESIS 21:5
    Abraham was a hundred years old when his son Isaac was born to him.

    At Genesis 22 Abraham had only 2 sons others came later. The Quran mentions that it was Ishmael that was sacrificed hence the reference in genesis 22:2 your only son can only mean someone has substituted Ishmael names for Isaac!!

    BY DOING SOME KINDERGARTEN ARITHMATIC USING ARABIC NUMBERS (1,2,3,4,5,6,7,8,9,10)
    NOT ROMAN NUMERALS (I, II, III,IV,V,VI,VII,VIII,IX,X) NB no concept of zero in roman numerals.

    100 years old – 86 years old = 14 ADD 3 YEARS FOR ISSAC’S WEANING

    THAT WOULD MAKE ISHMAEL 17 YEARS OLD IN GENESIS 21:14-21
    BUT IT IS A DESCRIPTION OF AN INFANT.

    Carefully read several times the above passage and then tell me the mental picture you get between the mother child interactions what is the age of the child. If the mental picture is that of a 17 year old child being carried on the shoulder of his mother, being physically placed in the bush, crying like a baby, mother having to give him water to drink, than the Islamic viewpoint is null and void.

    I have shown the passage of Genesis 21 to my two elder children of good reading ages now and without influencing them asked them what mental picture they got about the age of Ishmael in that passage and they thought he was about 5 years old. I have also tried the same thing with my work colleagues some of whom are qualified with PhD’s and have the ENGLISH language as their mother tongue and they also said they thought Ishmael was 5 years or younger because some of them stated by themselves that there was no verbal interaction between mother and child. i.e. If Ishmael is not of talking age then he must be less than a year old.


    GENESIS:21:14 - 21
    So Abraham rose early in the morning, and took bread and a skin of water, and gave it to Hagar, putting it on her shoulder, along with the child, and sent her away. And she departed, and wandered in the wilderness of Beer-Sheba. When the water in the skin was gone, she cast the child under one of the bushes. Then she went, and sat down over against him a good way off, about the distance of a bowshot; for she said, “Let me not look upon the death of the child.” And as she sat over against him, the child lifted up his voice and wept. And God heard the voice of the lad; and the angel of God called to Hagar from heaven, and said to her, “What troubles you, Hagar? Fear not; for God has heard the voice of the lad where he is. Arise, lift up the lad, and hold him fast with your hand; for I will make him a great nation.” Then God opened her eyes, and she saw a well of water; and she went, and filled the skin with water, and gave the lad a drink. And God was with the lad, and he grew up; he lived in the wilderness, and became an expert with the bow. He lived in the wilderness of Paran; and his mother took a wife for him from the land of Egypt.

    AS THE DESCRIPTION OF ISHMAEL IN GENESIS 21:14-21 IS THAT OF AN INFANT IT CAN BE ASSUMED SOMEONE HAS MOVED THIS PASSAGE FROM AN EARLIER PART OF SCRIPTURE!!! AND HAVE GOT THERE KNICKERS IN A TWIST.

    For background info on the future religion of mankind see the following websites:

    http://www.al-sunnah.com/muhammad_in_the_bible.htm (MUHAMMAD IN THE BIBLE)
    http://www.witness-pioneer.org/vil/Books/MB_BQS/default.htm (Quran and Science)
    http://www.harunyahya.com/
    http://www.barnabas.net/
    http://www.answering-christianity.com/ac.htm
    http://www.islamicity.com/
    http://www.islamonline.net/english/index.shtml

    HOLY QURAN CHAPTER 37 verses 101 - 122

    101. So We gave him the good news of a boy ready to suffer and forbear.

    102. Then, when (the son) reached (the age of) (serious) work with him, he said: "O my son! I see in vision that I offer thee in sacrifice: Now see what is thy view!" (The son) said: "O my father! Do as thou art commanded: thou will find me, if Allah so wills one practising Patience and Constancy!"

    103. So when they had both submitted their wills (to Allah., and he had laid him prostrate on his forehead (for sacrifice),

    104. We called out to him "O Abraham!

    105. "Thou hast already fulfilled the vision!" - thus indeed do We reward those who do right.

    106. For this was obviously a trial-

    107. And We ransomed him with a momentous sacrifice:

    108. And We left (this blessing) for him among generations (to come) in later times:

    109. "Peace and salutation to Abraham!"

    110. Thus indeed do We reward those who do right.

    111. For he was one of our believing Servants.

    112. And We gave him the good news of Isaac - a prophet,- one of the Righteous.

    113. We blessed him and Isaac: but of their progeny are (some) that do right, and (some) that obviously do wrong, to their own souls.

    114. Again (of old) We bestowed Our favour on Moses and Aaron,

    115. And We delivered them and their people from (their) Great Calamity;

    116. And We helped them, so they overcame (their troubles);

    117. And We gave them the Book which helps to make things clear;

    118. And We guided them to the Straight Way.

    119. And We left (this blessing) for them among generations (to come) in later times:

    120. "Peace and salutation to Moses and Aaron!"

    121. Thus indeed do We reward those who do right.

    122. For they were two of our believing Servants.

    ISHMAEL IS THE FIRST BORN AND GOOD NEWS OF ISSAC DOES NOT APPEAR UNTIL AFTER THE SACRIFICE?????

    Therefore the claim that god gave the land to Israel is destroyed without the need of any WMD’s.


    Amazing so Hagar in Genesis 21:14 – 21 was carrying a 17 year old retard on her one shoulder for maybe 10 – 100 miles (Mrs. Swarzniggar) who later grew up to become an archer, married into an Arab tribe and learned Arabic and went onto have several children. One of the descendants of this retard with his genetic defects passed on his bad DNA to Muhammad the illiterate whose religion is now violently spreading by the sword and soon to overtake the whole planet.
    How could this happen like you I am also confused.

    The oil found in recent history belongs to the west, its unfortunate it is under lands inhabited by Muslims and not only Arabs. Having oil and economic success then to die and go to hell is not my idea of a great nation.

    By the way SCREW BIN LADEN, AL-QAEDA, SADDAM HUSSAIN and who is this Zackarwee all trained by that humanitarian organization called the CIA.

    A brief lesson on Islam.

    It is the oldest faith on the planet it starts of with Adam and Eve, and continuous through revelations given to Noah, Abraham, Ishmael, Isaac, Moses, David, Solomon, Jesus (many others too numerous to mention) until its completion under the messenger ship of Muhammad (pbuta). Islam is not an exclusively an Arab faith as there is no scriptural evidence that Muhammad (pbuh) said that he is the founder of Islam. One cannot quote the Quran as it is not the work of Muhammad as he could not read or write in any language including Arabic. Just as Jesus has himself not ever said that he is the founder of Christianity or Moses has not stated that he is the founder of Judaism.

    ISIAH 29 verse 12 "And the book is delivered to him that is not learned, saying, Read this, I pray thee: and he saith, I am not learned".


    Below are verses from the Quran, where GOD/SATAN himself says that the scriptures were changed by the scribes.

    Quran Chapter 2 verse 75

    75. Can ye (o ye men of Faith) entertain the hope that they will believe in you?- Seeing that a party of them heard the Word of Allah, and perverted it knowingly after they understood it.


    Quran Chapter 2 verse 79

    79. Then woe to those who write the Book with their own hands, and then say:"This is from Allah," to traffic with it for miserable price!- Woe to them for what their hands do write, and for the gain they make thereby.

    Quran Chapter 4 verse 46

    46. Of the Jews there are those who displace words from their (right) places, and say: "We hear and we disobey"; and "Hear what is not Heard"; and "Ra'ina"; with a twist of their tongues and a slander to Faith. If only they had said: "What hear and we obey"; and "Do hear"; and "Do look at us"; it would have been better for them, and more proper; but Allah hath cursed them for their Unbelief; and but few of them will believe.

    I suppose SATAN said the following about the Israel.

    Quran Chapter 2 verse 40 - 83

    40. O Children of Israel! call to mind the (special) favour which I bestowed upon you, and fulfil your covenant with Me as I fulfil My Covenant with you, and fear none but Me.
    41. And believe in what I reveal, confirming the revelation which is with you, and be not the first to reject Faith therein, nor sell My Signs for a small price; and fear Me, and Me alone.
    42. And cover not Truth with falsehood, nor conceal the Truth when ye know (what it is).
    43. And be steadfast in prayer; practise regular charity; and bow down your heads with those who bow down (in worship).
    44. Do ye enjoin right conduct on the people, and forget (To practise it) yourselves, and yet ye study the Scripture? Will ye not understand?
    45. Nay, seek ((Allah)'s) help with patient perseverance and prayer: It is indeed hard, except to those who bring a lowly spirit,-
    46. Who bear in mind the certainty that they are to meet their Lord, and that they are to return to Him.
    47. Children of Israel! call to mind the (special) favour which I bestowed upon you, and that I preferred you to all other (for My Message).
    48. Then guard yourselves against a day when one soul shall not avail another nor shall intercession be accepted for her, nor shall compensation be taken from her, nor shall anyone be helped (from outside).
    49. And remember, We delivered you from the people of Pharaoh: They set you hard tasks and punishments, slaughtered your sons and let your women-folk live; therein was a tremendous trial from your Lord.
    50. And remember We divided the sea for you and saved you and drowned Pharaoh's people within your very sight.
    51. And remember We appointed forty nights for Moses, and in his absence ye took the calf (for worship), and ye did grievous wrong.
    52. Even then We did forgive you; there was a chance for you to be grateful.
    53. And remember We gave Moses the Scripture and the Criterion (Between right and wrong): There was a chance for you to be guided aright.
    54. And remember Moses said to his people: "O my people! Ye have indeed wronged yourselves by your worship of the calf: So turn (in repentance) to your Maker, and slay yourselves (the wrong-doers); that will be better for you in the sight of your Maker." Then He turned towards you (in forgiveness): For He is Oft- Returning, Most Merciful.
    55. And remember ye said: "O Moses! We shall never believe in thee until we see Allah manifestly," but ye were dazed with thunder and lighting even as ye looked on.
    56. Then We raised you up after your death: Ye had the chance to be grateful.
    57. And We gave you the shade of clouds and sent down to you Manna and quails, saying: "Eat of the good things We have provided for you:" (But they rebelled); to us they did no harm, but they harmed their own souls.
    58. And remember We said: "Enter this town, and eat of the plenty therein as ye wish; but enter the gate with humility, in posture and in words, and We shall forgive you your faults and increase (the portion of) those who do good."
    59. But the transgressors changed the word from that which had been given them; so We sent on the transgressors a plague from heaven, for that they infringed (Our command) repeatedly.
    60. And remember Moses prayed for water for his people; We said: "Strike the rock with thy staff." Then gushed forth therefrom twelve springs. Each group knew its own place for water. So eat and drink of the sustenance provided by Allah, and do no evil nor mischief on the (face of the) earth.
    61. And remember ye said: "O Moses! we cannot endure one kind of food (always); so beseech thy Lord for us to produce for us of what the earth groweth, -its pot-herbs, and cucumbers, Its garlic, lentils, and onions." He said: "Will ye exchange the better for the worse? Go ye down to any town, and ye shall find what ye want!" They were covered with humiliation and misery; they drew on themselves the wrath of Allah. This because they went on rejecting the Signs of Allah and slaying His Messengers without just cause. This because they rebelled and went on transgressing.
    62. Those who believe (in the Qur'an), and those who follow the Jewish (scriptures), and the Christians and the Sabians,- any who believe in Allah and the Last Day, and work righteousness, shall have their reward with their Lord; on them shall be no fear, nor shall they grieve.
    63. And remember We took your covenant and We raised above you (The towering height) of Mount (Sinai) : (Saying): "Hold firmly to what We have given you and bring (ever) to remembrance what is therein: Perchance ye may fear Allah."
    64. But ye turned back thereafter: Had it not been for the Grace and Mercy of Allah to you, ye had surely been among the lost.
    65. And well ye knew those amongst you who transgressed in the matter of the Sabbath: We said to them: "Be ye apes, despised and rejected."
    66. So We made it an example to their own time and to their posterity, and a lesson to those who fear Allah.
    67. And remember Moses said to his people: "(Allah) commands that ye sacrifice a heifer." They said: "Makest thou a laughing-stock of us?" He said: "(Allah) save me from being an ignorant (fool)!"
    68. They said: "Beseech on our behalf Thy Lord to make plain to us what (heifer) it is!" He said; "He says: The heifer should be neither too old nor too young, but of middling age. Now do what ye are commanded!"
    69. They said: "Beseech on our behalf Thy Lord to make plain to us Her colour." He said: "He says: A fawn-coloured heifer, pure and rich in tone, the admiration of beholders!"
    70. They said: "Beseech on our behalf Thy Lord to make plain to us what she is: To us are all heifers alike: We wish indeed for guidance, if Allah wills."
    71. He said: "He says: A heifer not trained to till the soil or water the fields; sound and without blemish." They said: "Now hast thou brought the truth." Then they offered her in sacrifice, but not with good-will.
    72. Remember ye slew a man and fell into a dispute among yourselves as to the crime: But Allah was to bring forth what ye did hide.
    73. So We said: "Strike the (body) with a piece of the (heifer)." Thus Allah bringeth the dead to life and showeth you His Signs: Perchance ye may understand.
    74. Thenceforth were your hearts hardened: They became like a rock and even worse in hardness. For among rocks there are some from which rivers gush forth; others there are which when split asunder send forth water; and others which sink for fear of Allah. And Allah is not unmindful of what ye do.
    75. Can ye (o ye men of Faith) entertain the hope that they will believe in you?- Seeing that a party of them heard the Word of Allah, and perverted it knowingly after they understood it.
    76. Behold! when they meet the men of Faith, they say: "We believe": But when they meet each other in private, they say: "Shall you tell them what Allah hath revealed to you, that they may engage you in argument about it before your Lord?"- Do ye not understand (their aim)?
    77. Know they not that Allah knoweth what they conceal and what they reveal?
    78. And there are among them illiterates, who know not the Book, but (see therein their own) desires, and they do nothing but conjecture.
    79. Then woe to those who write the Book with their own hands, and then say:"This is from Allah," to traffic with it for miserable price!- Woe to them for what their hands do write, and for the gain they make thereby.
    80. And they say: "The Fire shall not touch us but for a few numbered days:" Say: "Have ye taken a promise from Allah, for He never breaks His promise? or is it that ye say of Allah what ye do not know?"
    81. Nay, those who seek gain in evil, and are girt round by their sins,- they are companions of the Fire: Therein shall they abide (For ever).
    82. But those who have faith and work righteousness, they are companions of the Garden: Therein shall they abide (For ever).
    83. And remember We took a covenant from the Children of Israel (to this effect): Worship none but Allah. treat with kindness your parents and kindred, and orphans and those in need; speak fair to the people; be steadfast in prayer; and practise regular charity. Then did ye turn back, except a few among you, and ye backslide (even now).

    By Blogger Bruce786, at 1:14 PM  

  • Spin?

    End of the West’s economic arrogance Al Jazeera
    1/21/2006 6:15:00 PM GMT

    By 2003 the Euro was stronger than the Dollar.

    In response to the mounting threats to refer its nuclear dossier to the United Nations Security Council to force it suspend its NUCLEAR PROGRAME, safeguarded and certified by the IAEA to be for peaceful purposes, Iran announced it’s moving all its foreign exchange reserves out of Europe to shield itself from the threat of sanctions likely to be imposed by the UNSC.

    The Islamic Republic, according to Iran's central bank governor, begun withdrawing assets from European banks, as the Europeans are just about to get the UN atomic watchdog, the International Atomic Energy Agency Board of Governors to refer the Iranian NUCLEAR PROGRAME to the UN Security Council by March.

    But they were reluctant as the Security Council will likely throw the IAEA Board referral, if obtained, directly into the waste bin as being frivolous, an editorial on AntiWar.com said.

    Washington wants the Security Council to apply Article 39 of the UN Charter to the IAEA Board referral.

    "The Security Council shall determine the existence of any threat to the peace, breach of the peace, or act of aggression and shall make recommendations, or decide what measures shall be taken in accordance with Articles 41 and 42, to maintain or restore international peace and security."

    However, that’s very unlikely to happen with Iran’s nuclear program. How can an IAEA Safeguarded program constitute a threat to the peace or could pursuing it be an act of aggression?

    It seems that the AMERICAN PRESIDENT had sent the Europeans on a Fools Errand.

    Has BUSH forgotten about the Iranian Bourse? Have the Europeans forgot about the Iranian oil that will be delivered to Western Europe via pipeline?

    And, according to Iranian officials, the Iranian Bourse will be a state-owned international oil, gas and refined products exchange, operating principally over the Internet, with transactions denominated principally in Euros.

    The Iranian Bourse is expected to be in direct competition with London’s International Petroleum Exchange and New York’s Mercantile Exchange, both owned by U.S. corporations, the article said.

    The Tehran government has a developed a plan to begin competing with New York's NYMEX and London's IPE with respect to international oil trades - using a euro-denominated international oil-trading mechanism, which means that the euro is going to establish a firm foothold in the international oil trade. Baring in mind the U.S. debt levels and BUSH ’s admin’s goal of global domination, Tehran's future plans pose an obvious encroachment on U.S. dollar supremacy in the international oil market.

    This reminds us so much of what happened with the toppled Iraqi leader about six years ago, when SADDAM HUSSEIN demanded payments in Euro for Iraqi oil, which forced Central banks of many countries, including Russia and China start keeping Euros and Dollars as monetary "reserves" and as an exchange fund for oil.

    By 2003 the Euro was stronger than the Dollar.

    Contemporary warfare has involved underlying conflicts regarding economics and resources.

    These intertwined conflicts started including international currencies, which increased the complexity of current conflicts.

    What we see in today’s tension between Washington and Tehran extend beyond the publicly stated concerns regarding Iran's nuclear intentions. But it appears similiar to what happened with IRAQ before the war was launched.

    Military operation against Iran relateS to the macroeconomics of 'petrodollar recycling' and the unpublicized but real challenge to U.S. dollar supremacy from the euro as an alternative oil transaction currency.





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    By Blogger hope2endure, at 8:27 PM  

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