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Iran...

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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    bongbudda wrote:
    Sorry, when did this happen? I obviously missed that one.

    Saying its all about oil is stupidly simplistic anyway, the people wanting war came from a mix of backgrounds and each had a motive, oil was one of them definately but there's a fist full of other reasons.

    Its true that the oil reason has never been officially recognised by the US or any of its partners.

    The WMD claim has been proven to be false.
    The remaining plausable reason given by our leaders was to rid the world of a vicious and oppressive dictator.

    What other reasonsd can you think of?
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    babylon wrote:
    Its true that the oil reason has never been officially recognised by the US or any of its partners.

    The WMD claim has been proven to be false.
    The remaining plausable reason given by our leaders was to rid the world of a vicious and oppressive dictator.

    What other reasons can you think of?

    There is of course the shocking idea that some of them were so stupid they believed the evidence (not that unlikely I dont think).

    Defence contracts are always nice to have, especially when you dont have to bid, there is no control over spending and you can make massive profits.

    Government money is always nice too, so big increases in department funding is nice to play with.

    War is, traditionally at least good for business, a little war gets the economy going, though this one may have got a little out of control for that now.

    Pointless and stupid revenge type feelings, wanting to finish 'what they started' (people are arogant arses rememeber).

    And of couse the reason I think Tony Blair wanted it, because he thought it would actually be for the good of the world.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    babylon wrote:
    Its true that the oil reason has never been officially recognised by the US or any of its partners.

    The WMD claim has been proven to be false.
    The remaining plausable reason given by our leaders was to rid the world of a vicious and oppressive dictator.
    Unfortunately babylon our leaders, past and present, have proven time after time that they really couldn't give a toss about vicious and oppressive dictators and their victims- so long as the dictators can be of use.

    The US and Britain certainly didn't care much about brutal dictator Saddam Hussein during the 1980s, when he was actually doing most of the gassing, killing and massacring. Why, we actually supported him and gave him all sorts of weapons, including WMDs. And the people of Iraq be damned.

    Just as they don't care (or at least they didn't care until a few months ago, before they were asked to leave the country) about butchers like President Karimov of Uzbekistan, a man who subjects children to slave labour and tortures and kills thousands of his citizens.

    Of all the lies, claims and bullshit regarding the US and Britain's foreign policy, the one thing that pisses me off the most is their regular crocodile tears regarding human right abuses, freedom and democracy. The fact remains that the US and British governments couldn't give a flying fuck about human rights torture or freedom. All it matters if the regime and country in question is of geopolitical or economic interest.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Yeeah, I rememer Blair going on press statements during the war run-up telling all that he was 100% convinced that they would find the WMD stash.

    So that is our reason for war. He's changed his tune since though, don't you think.

    The other reasons would never be officially recognised as a good reason for war.
    If George Bush told the world that he was going to invade Iraq for revenge, he would have been shot down where he stood.

    The other reasons are all money related, and where will this money come from? - below the desert of course. The initial investments in infrastructure would be made by western companies, bringing jobs and security to the local people, making it seem like we are doing them a favour. But really were stealing their resources because they're to weak to defend it.

    Tony Blair is a muppet for believing the Intel, but even more-so for following Bush.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    babylon wrote:
    The other reasons are all money related, and where will this money come from? - below the desert of course. The initial investments in infrastructure would be made by western companies, bringing jobs and security to the local people, making it seem like we are doing them a favour. But really were stealing their resources because they're to weak to defend it.

    Not really, oil is more expensive now than before the war, so that hasnt worked, and it will take many years before Iraq may give enough oil to make the cost worth the effort.

    The money for all these jolly adventures actually comes from China and Japan in loans to the US government.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    I agree, It takes a long time to get the infrastructure up and running, and Im sure it will be of proffit to the investors.

    The point is that the US gets what they want. - inexpensive energy for the next 15 years.

    The drilling and pumping operations have to belong to Iraq, but they will no doubt receive investment from an organisation who is ultimately connected to the wellbeing of the US economy.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    babylon wrote:
    I agree, It takes a long time to get the infrastructure up and running, and Im sure it will be of proffit to the investors.

    The point is that the US gets what they want. - inexpensive energy for the next 15 years.

    The drilling and pumping operations have to belong to Iraq, but they will no doubt receive investment from an organisation who is ultimately connected to the wellbeing of the US economy.

    This is where I disagree, its not cheap, it was never the cheap option, it will not be 'inexpensive' at all, the war is costing hundreds of billions of dollars, more than enough to buy the oil on the normal market.

    The argument that it was for war assumes that they are all thick and wouldnt have foreseen the war being really expensive.

    If the war was started for monetary reasons (and I think at least in part it was) then it is because it is expensive, not because its the cheaper option.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Ok, but if there were no oil up for grabs, do you think the war would have happened?

    The cost of energy produced by the extraction of crude and its by-products is only going to increase in the next few years unless hither-to untapped resources are exploited.

    There is a HUGE supply of oil under Iraq, and a modest drilling infrastructure at present.
    It presents without doubt the best opportunity to maintain the required level of world consumption for around 15 years.

    Don't forget that without energy, super powers will not be super for very long.

    IMO the US needs to retain its stranglehold on the energy market in order to secure its position as a super power for the forseeable future.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    USA bad, everyone else good. Its a simple idea really. Is it true though?
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Walkindude wrote:
    USA bad, everyone else good. Its a simple idea really. Is it true though?

    Where has anyone said that?
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    babylon wrote:
    Ok, but if there were no oil up for grabs, do you think the war would have happened?

    Quite possibly not, but then it wouldnt have happened either if we didnt have the specific history with the country, its a unique example, it wasnt picked just for the oil.

    What I'm suggesting is that 'war for oil' is too simplistic and was far from the only reason, and in many ways its the stupidest reason, you could have just bought it from Saddam in a more effective oil for food programme for much cheaper.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    What you fail to appreciate bb is the fact that purchasing oil from Saddam meant respecting the change from petrodollar hegemony to the Euro standard. This was anathema to the ideologues now in control of policy in Washington as well as to the several major US oil drilling/refining interests now restored (thanks to the made in Washington dictats imposed by Bremer and the CPA and now duly codified into the new Iraqi Constitution) to their former positions of control over all drilling rights in the country. Iraq was purposely made an example of in order to warn other OPEC nations of the consequences of following suit (as should be their sovereign right concerning THEIR natural resources).

    Arguments such as "we are paying more now" or "the oil isnt yet flowing" entirely miss the long term agenda for which this invasion, like that of Afghanistan, was made.

    Knowing few will bother, I once again suggest that people obtain and read Brzezinski's extensive expose on the prevailing global agenda of the neocons "The Grand Chessboard: American Primacy and its Geostrategic Imperatives" if you wish to understand the elite magalomania and objectives behind the ongoing interventions as well as the broader fraudulent WoT itself.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    It is funny, that whole, "Iraq was invaded to protect the dollar from the euro" conspiracy is on sky one documentary as part of conspiracies series!

    Anyway, in brief...i prefer to see Israel with nuclear weapons then Iran! At least Israel won't use them, so who cares if they have them really. They have enough conventional weapons to deal with any of their enemies.

    Iran on the other hand have a large army that is not well paid and a large air force made up of jets that are antiquated at best.

    Israel will probably be asked to intervene, but even if they do not, it means little. Iran will not be allowed to develop as far as North Korea did. North Korea is with in the sphere of influence of China, they allowed them to develop, now we all pay the price!
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    China was no factor. Far more likely that unlike the piss-poor, laughable Iraqi armed forces, North Korea is well capable of giving the US a monumental kick in the arse, at least as far as defending their own territory is concerned.

    In short, the US didn't have the balls to face an opponent that could give it a good run for its money.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Aladdin wrote:
    China was no factor. Far more likely that unlike the piss-poor, laughable Iraqi armed forces, North Korea is well capable of giving the US a monumental kick in the arse, at least as far as defending their own territory is concerned.

    In short, the US didn't have the balls to face an opponent that could give it a good run for its money.

    You're kidding right? A country which can't even feed its own people isn't going to be one of the top military powers - its a bit more difficult than kidnapping innocent Japanese citizens
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    Teh_GerbilTeh_Gerbil Posts: 13,332 Born on Earth, Raised by The Mix
    North Korea? AHAHAHAHA!

    Yes, T-34, GO! Get that Abrams! :lol:
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Please, North Korea is no more capable of defending itself in a real fight then any other poor nation. As with most countries, America could ain total air superiority in a matter of days!

    North Korea is China's bitch, just as it has always been. America going into North Korea is the same as China sending troops to south America. The sphere of influence rule applies.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    But the US already has a significant military presence in Japan and South Korea doesn't it?
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    Teh_GerbilTeh_Gerbil Posts: 13,332 Born on Earth, Raised by The Mix
    subject13 wrote:
    North Korea is China's bitch, just as it has always been. America going into North Korea is the same as China sending troops to south America. The sphere of influence rule applies.

    Not true. The Chinese are becoming increasingly worried about it themselves. It really is, a rouge state now.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    True to form and as ever with nothing more than a glib reference to some unscrutinised tv snippet or newspaper article, subject shows his preference for dismissing deeper analyses in favor of intellectually shallow dismissal and derision.

    Whatever dismissive label a Murdoch-owned network deigns to give the rationale of PNAC ideologues hardly suffices as substantive counterargument to the analyses of Washington insiders like Brzezinski as well as those of credentialled academics and policy/industry watchdog organisations.

    To laugh at the very central economic pillar of US militant interventionism, especially in this critical energy producing region of the globe, only highlights a significant lack of scrutiny.

    Further analyses on the question of the petrollar vs Euro as a causal factor in renewed US militarism can be found in the links below. The annotated references provided by the authors provide additional source material for those who care to do more than expose their ignorance..

    Excerpt:

    It is now obvious the invasion of Iraq had less to do with any threat from Saddam’s long-gone WMD program and certainly less to do to do with fighting International terrorism than it has to do with gaining strategic control over Iraq’s hydrocarbon reserves and in doing so maintain the U.S. dollar as the monopoly currency for the critical international oil market. Throughout 2004 information provided by former administration insiders revealed the Bush/Cheney administration entered into office with the intention of toppling Saddam Hussein.[1][2]

    Candidly stated, ‘Operation Iraqi Freedom’ was a war designed to install a pro-U.S. government in Iraq, establish multiple U.S military bases before the onset of global Peak Oil, and to reconvert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency (i.e. “petroeuro”).[3] However, subsequent geopolitical events have exposed neoconservative strategy as fundamentally flawed, with Iran moving towards a petroeuro system for international oil trades, while Russia evaluates this option with the European Union.

    In 2003 the global community witnessed a combination of petrodollar warfare and oil depletion warfare. The majority of the world’s governments – especially the E.U., Russia and China – were not amused – and neither are the U.S. soldiers who are currently stationed inside a hostile Iraq. In 2002 I wrote an award-winning online essay that asserted Saddam Hussein sealed his fate when he announced in September 2000 that Iraq was no longer going to accept dollars for oil being sold under the UN’s Oil-for-Food program, and decided to switch to the euro as Iraq’s oil export currency.[4]

    Indeed, my original pre-war hypothesis was validated in a Financial Times article dated June 5, 2003, which confirmed Iraqi oil sales returning to the international markets were once again denominated in U.S. dollars – not euros.

    The tender, for which bids are due by June 10, switches the transaction back to dollars -- the international currency of oil sales - despite the greenback's recent fall in value. Saddam Hussein in 2000 insisted Iraq's oil be sold for euros, a political move, but one that improved Iraq's recent earnings thanks to the rise in the value of the euro against the dollar [5]


    The Bush administration implemented this currency transition despite the adverse impact on profits from Iraqi’s export oil sales.[6] (In mid-2003 the euro was valued approx. 13% higher than the dollar, and thus significantly impacted the ability of future oil proceeds to rebuild Iraq’s infrastructure). Not surprisingly, this detail has never been mentioned in the five U.S. major media conglomerates who control 90% of information flow in the U.S., but confirmation of this vital fact provides insight into one of the crucial – yet overlooked – rationales for 2003 the Iraq war.

    Concerning Iran, recent articles have revealed active Pentagon planning for operations against its suspected nuclear facilities. While the publicly stated reasons for any such overt action will be premised as a consequence of Iran's nuclear ambitions, there are again unspoken macroeconomic drivers underlying the second stage of petrodollar warfare – Iran's upcoming oil bourse. (The word bourse refers to a stock exchange for securities trading, and is derived from the French stock exchange in Paris, the Federation Internationale des Bourses de Valeurs.)

    In essence, Iran is about to commit a far greater “offense” than Saddam Hussein's conversion to the euro for Iraq’s oil exports in the fall of 2000. Beginning in March 2006, the Tehran government has plans to begin competing with New York's NYMEX and London's IPE with respect to international oil trades – using a euro-based international oil-trading mechanism.[7]

    The proposed Iranian oil bourse signifies that without some sort of US intervention, the euro is going to establish a firm foothold in the international oil trade. Given U.S. debt levels and the stated neoconservative project of U.S. global domination, Tehran’s objective constitutes an obvious encroachment on dollar supremacy in the crucial international oil market.

    http://www.energybulletin.net/7707.html

    additional reading:

    http://middleeastinfo.org/article4398.html

    http://www.forbesbookclub.com/bookpage.asp?prod_cd=INLLK

    http://www.house.gov/paul/congrec/congrec2003/cr071003.htm
    (with particular mention of the role of neocon agenda sympathiser, Rupert Murdoch, and the facility of his global media empire to divert public attention away from the actual underlying objectives of The New American Centruy)

    Excerpt:

    The money and views of Rupert Murdoch also played a key role in promoting the neocon views, as well as rallying support by the general population, through his News Corporation, which owns Fox News Network, the New York Post and Weekly Standard. This powerful and influential media empire did more to galvanize public support for the Iraqi invasion than one might imagine. This facilitated the Rumsfeld/Cheney policy as their plans to attack Iraq came to fruition. It would have been difficult for the neocons to usurp foreign policy from the restraints of Colin Powell’s State Department without the successful agitation of the Rupert Murdoch empire. Max Boot was satisfied, as he explained: “Neoconservatives believe in using American might to promote American ideals abroad.” This attitude is a far cry from the advice of the Founders, who advocated no entangling alliances and neutrality as the proper goal of American foreign policy.

    A wealth of reports on "dollarization" can also be found here:

    http://www.globalpolicy.org/nations/sovereign/dollarindex.htm

    Conclusion, better to do some actual reading before resorting to intellectually shallow retorts such as "conspiracy theory".
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Clandy, must you be so incredibly petty and childish and vindictive to continue this personal vendetta you seem to have against me on this thread too? I mean really old man, act your age or grow up!

    Well word for word, what you have quoted and referenced is the content of the television show "Conspiracies" on sky one in reference to why Iraq was invaded to protect the dollar, and it was dismissed by credible intellectuals as just that...a conspiracy theory! Interesting you are supporting the nonesence of a television show from a Murdoch network Clandy.

    True to form however Clandy has jumped in two feet first, claiming to know all about the topic, then showing his woeful ignorance, resulting in his need to throw out nonesensical references to "idealogues" and his usual rant about how "The never ending quest of American militantism to conquer the world of weak and poor nations." *yawn* as if we havn't all had enough of this never ceasing arrogance and lack of knowledge. You reference all these sources and make a huge quote then complain about how no one else has read Brzezinski, hen we all should because he is apparently the only person in the whole of the world apart from Clandy who knows anything about every topic there is to debate.

    Also true to form, Clandy finds himself alone believing things few others do so has no choice but to jump to petty and incredibly childish name calling and insults. Shame on you Clandy, you really should learn to grow up and be mature just once. I mean everyone else understand my line about "North Korea been China's bitch" was just a throw away quip that was breaking down into a simple comment about "sphere of influence" which can not be denied as anyone who has studied world history and world politics for 7 years, (GCSE to University as i did) knows is important.

    Now to actually debate with some one whose opinion matters and counts;

    Teh Gerbil, yes China is concerned, because North Korea is within their sphere of influence and they are finding as years go by and they move away from communism and into the natural evolution of capitalism, they hold less and less influence over North Korea. That however does not mean North Korea are not still afraid of the 6 million strong standing army north of their boarder that could easily take over their country should the need arise.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    babylon ...
    i mean no offence but ...i imagine your educational level to be somewhat like mine and your perception of events too.
    also ...your difficulty in getting your point across fully.
    i seem to agree with you .
    a lot of people here get into great complexity ...when it isn't needed.
    the FACT is ...it is all about oil. it is all about oil.

    to simple for some people.
    some people will look to history religion all manner of things and divert themselves and others from the very simple truth that ...we are now in the age of resourse wars.
    diminishing suplies of everything are a reality that was predicted a long while back ...we are now there.

    the people who currently have the clout ...are not as fucking stupid as some people wish.
    the invasion of afghanistan and iraq has been planned for twenty five years ...all info publicly available.
    those who have the might ...will do whatever ...to retain it as long as possible by whatever means.
    the fact that people see current events as new ...different ...unplanned ...are missing a whole historical content here.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Well for all your verbosity you've again shown nothing but your own claims and drivel in response to informed, researched and accredited analyses. Thank you for confirming to us all that for all your blather, you don't have any substantive credibility on this issue any more than you do that of Palestinian-Israeli conflict.

    You are your own worst enemy subject, but a boon to those towards whom you choose to spew your ill-informed nonsense.
    You reference all these sources and make a huge quote then complain about how no one else has read Brzezinski, hen we all should because he is apparently the only person in the whole of the world apart from Clandy who knows anything about every topic there is to debate.

    Whereas you reference nothing but a lone Murdoch produced "mockumentary" with the expected parade of supposed "experts" (for which we have again nothing but your word). Undoubtedly you've taken them at face value without an ounce of effort in researching their supposed creds or the veracity of their supposed arguments. Im sure the other posters here will see the substantive gulf between what you claim and the analyses provided by yours truly.

    You'd do yourself a big favor if you would actually cease from your drivel and pay attention to the geopolitical agenda being played out, empirically so to boot, since the neocons gained ascendancy in Washington.

    And btw, whilst whilst we all recognise your penchant for making erroneous and inflated claims about the arguments of others, I defy you to substantiate your assertion that have called Brzezinski "the only person in the whole of the world...who knows anything about every topic there is to debate". Fact is he has has far more peer reviewed credibility on the subject of US foreign policy imperatives than a whiny, clearly uneducated child like yourself.

    I suggest you also learn the fundamentals of proper debate and actually disprove the role of petro dollar hegemony in current US militarism in the region rather than demonstrating Monocrat styled quips such as:
    Clandy finds himself alone believing things few others do

    A little actual research on the matter will disabuse you of your pet delusions. Notwithstanding the fact that my duly provided supporting references show such comments false.

    Further supporting analyses for those who care to inform themselves:

    http://www.globalresearch.ca/articles/ENG401A.html
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    'Clandy finds himself alone believing things few others do'

    can you show evidence of that?
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    If more evidence of the fallacy of subject's typical retorts is needed beyond that already provided above...

    http://www.flonnet.com/fl2002/stories/20030131007701800.htm

    Not so alone as our new resident naysayer seems to find himself, I'm afraid.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Yet again, Clandy can do nothing but continue a tyrade of hatred in this petty vedetta against me, all because i disagree with him over Israel. I started this thread on Iran and it was all going well with debate and a little humour until Clandy with his complete lack of any sense of humour chose to make it yet another personal atack on me. Again i say Shame on you Clandy.

    Dr Owen Hartley
    Dr D. S. Bell
    Dr M. Szeftel
    Dr Dan Jones
    Dr J. Ralph
    Dr C. Jones
    Dr N. Winn

    Are a few experts, lecturers and Doctorate holders in politics.
    I draw your attention primarily to Dr Owen Wilson, a fantastic man who is also a NATO advisor and expert in politics and modern warfare.
    These are the best of the Professors who educated me and although i choose not to bore everyone with endless reams of text copied from books i read while i attended university i did read them and formed my own ideas.
    Unlike you who continues to regurgitate nothing but Hate and insults.

    I pitty you Clandy for been the person you are.

    Now, if anyone would like to continue talking about Iran and politics, that would be best. I am now ignoring clandy as he does nothing in the way of debate, he just dismisses everybody elses ideas out of hand, spouts some rheotric then gets insulting when no one agrees with him. I refuse to take part in his derogatory, insulting and increasingly and unneccessarily unstable vendetta against me!
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    A roster of names is not countervailing anaylses debunking anything provided above dear boy, quite telling that you should fail to comprehend the difference.

    As for your assertion of hatred, also false. I have little interest in wasting energy hating you, only in exposing your routine lack of any substantiation upon which true debate rests and which you regularly demand of others.

    Given that "debate" is concerned with facts not opinions, kindly provide some credible reference works which contest the role of petrodollar hegemony in US militarism or do us all a favour and spare us from further evasive drivel. Thanks.
    I pitty you Clandy for been the person you are.

    I suspect you mean "pity" and thanks, but I suggest you pity your own lack of demonstrated research.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Hmmm when one cannot argue facts, simply make lame excuses and put on ignore. Now there is a sign of "maturity" (both intellectual and chronological) if ever there was one. lol.

    In answer to your question MR, the proof is in the pudding as it were. Seems we have a Monocrat reborn in new guise.

    Edited to add:

    Well having searched for any relevance to the issue of US Interventionism in the ME (and the policy imperatives driving such) from any of the professors listed by subject, the result is no peer reviewed recognition of expertise let alone publications on the subject. Not unsurprising.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    I am a bit worried about the reasons why the international community is condeming Iran for recommencing its nuclear reactor programme.

    It has a right to use such a technology for production of domestic electricity, as do all nations.

    Watching a former IAEA (international Atomic Energy Agency) inspector on CNN news recently whose words were something like:

    'The Iranian reactors are currently only capable of being used for the enrichment of uranium for the purposes of power generation, but we are concerned that at some point, in the future, it is likely that they might possibly be able to be upgraded to potentially allow the enrichment to produce weapons grade plutonium, but this is some years away'

    All very vague isn't it.

    Im not saying that Iran needs nuclear power generation plants, but why are they pushing the technology when they have a vast crude reserve waiting to be tapped.

    BTW - stop the bitching you slags :no: :banghead:
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    babylon, as provided above, the real reasons for the western opposition to Iran remain economic in nature. A nuclear Iran with the potential for the next step of weaponisation presents an unassailable deterrent to Washington's (and Washington's clients') hegemonic ambitions over the region, its resources and therewith the longevity of the unilateralist vision of the American empire.

    Oil - Currency Warfare in the Middle East, Part II

    excerpt:

    Economically, what is happening here is that support for oil traded in US Dollars, as opposed to Eurodollars, is falling off a cliff. Should the purchase and sale of oil move from trading in US Dollars to Eurodollas, it forces present and future US Administrations to significantly change its current tax, debt, trade, and energy policies, all of which are severely unbalanced. The US Dollar, as the global currency of choice - as now implemented - is what makes the corporate oligopoly succeed.

    In mid-2003 Iran allowed for oil payments from certain EU customers to the euro, and in June of 2004 announced its intentions to create an Iranian oil currency exchange market, resulting in an oil currency exchange market in direct competition with NYMEX and the IPE. Needless to say, the powers that be at the London International Petroleum Exchange and the New York Mercantile Exchange did not take that so well as both the IPE and NYMEX are owned by a U.S. consortium of big energy players.

    The complete absence of coverage from the mainstream media in the US only hides the main fact that one of the Federal Reserve's nightmares may begin to unfold in the spring of 2006. It is at this time that international purchasers of oil would have a choice of buying a barrel of oil for $60 dollars (for example) on the NYMEX and IPE - or purchase a barrel of oil for €45 - €50 euros via the Iranian exchange. Of course, this assumes the euro maintains its current 20-25% appreciated value relative to the dollar and that Bush/Cheney and their friends at the Pentagon don't go hunting for nuclear weapons in Iran..

    The new Iranian oil exchange marketplace would introduce the "petrodollar vs petroeuro" currency war and fundamentally new dynamics to the biggest market in the world - global oil and gas trades.

    Why is this so detrimental to the US? Alan Greenspan and the Federal Reserve will no longer be able to drop an endless supply of credit via U.S. Treasury bills, and the global demand for US Dollars will fall off the cliff. Why is this so important? Because China and Japan would have much less economic interest in purchasing US dollars and treasury securities in order to keep our economy afloat.
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