Sunday, 18 March 2012 03:30

Strike On Iran, A Green Light From Washington

Rate this item
(5 votes)

"Dominique de Kevelioc de Bailleul: Reports of the USS Enterprise aircraft carrier battle group setting course to join battle groups USS Lincoln and Vinson in the Arabian Sea and today’s back-to-back announcements regarding the complete termination of Iran’s financial transactions through SWIFT, as well as the announced joint agreement between the U.S. and the UK to release strategic oil reserves into the oil market (NYSEArca:USO) spells war with Iran."

"After 30 years of various sanctions and hostile rhetoric aimed at Iran, for the U.S. to turn back now, it would have to admit defeat, thus sending a powerful signal that U.S. dollar hegemony is imminently unraveling.  Allowing Iran to make the rules concerning payment for its oil will surely embolden other oil producers to follow in step—a step other OPEC members would gladly take if it meant ridding themselves of the hopelessly inadequate U.S. dollar as recompense."

This is exactly the analysis I brought you all last week on the World News Desk. -- MCR

ETF Daily News article

 

Visit the World News Desk for related stories, more dots to connect, and our world-famous analysis and commentary.

 

Comments can only be posted by CollapseNet members