Iranian Oil Bourse will accelerate the fall of the American Empire

[Solve et Coagula]

Abstract: the proposed Iranian Oil Bourse will accelerate the fall of the American Empire
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Krassimir Petrov, Ph. D. January 17, 2006
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I. Economics of Empires
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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 went 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.
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II. Iranian Oil Bourse
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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:

Continue to read:
http://www.321gold.com/editorials/pe...rov011706.html

[stewey]

You may wish for that pinko, but if the US fails, guess who the Islamic militants will go for next? You bet, it is you buddy.

[Raptor Witness]

The Americans will find a way to crack water like the plants if the Iranians increase the price of oil too much.

Sunlight + chlorophyll(enzyme) + CO2 + H2O = Oil

Never underestimate the power of desperation(right to bitch) + inspiration + $$$. It always equals success.

The Iranians are trying to bait the real "King of Terror," and they may succeed.

[iulian28ti]

Originally Posted by Raptor Witness

The Americans will find a way to crack water like the plants if the Iranians increase the price of oil too much.

Sunlight + chlorophyll(enzyme) + CO2 + H2O = Oil

Never underestimate the power of desperation(right to bitch) + inspiration + $$$. It always equals success.

The Iranians are trying to bait the real "King of Terror," and they may succeed.

are you serious? can this work?

[Ningishiddza]

Originally Posted by Solve et Coagula

Abstract: the proposed Iranian Oil Bourse will accelerate the fall of the American Empire
*
Krassimir Petrov, Ph. D. January 17, 2006

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.

That's contrary to known fact. The causes of the Great Depression were:

1) US banks failed and neither the Federal Reserve nor the US Congress attempted to prevent future failures or support the banks that failed. The end result was a contraction of the money supply. Money was removed from circulation, not added to circulation.

2) the Democratic Congress then raised taxes in what was then the largest tax increase in US history

3) the US and other countries then began enacting tariffs, duties and taxes on imports to protect domestic manufacturers and producers bring world trade to a crashing halt (yeah, the world was already globalized).

He is also wrong in asserting that government deficits were ballooning. In 1932, there was no food stamps, no HUD housing, no welfare benefits, no unemployment insurance and no social security.

The US government was spending nothing and had simultaneously increased taxes, resulting in a further contraction of the money supply.

Benefits from Iraqi oil fields are hardly worth the long-term, multi-year military cost.

Perhaps not, but the oil and natural gas fields in the 9 unexplored geologic tracts in the Sunni triangle would have been, and the benefit would be even greater if the US and UK controlled those tracts, but alas, the US and UK weren't included in the bidding process.

The other major benefit is that Iraq provides a jumping off point to invade Iran, which is necessary because the US desparately needs Iran in order to have air, land and sea access to its oil, natural gas and minerals in Central Asia.

And without Central Asia, the US cannot move on the oil, natural gas and mineral resources in the eastern Russian republics.

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.

Except the Iranians backed down under threats from the US and hasn't initated the bourse yet. The Iranians are negotiating with the Japanese so that the bourse includes both Euros and Yen.

[Perfectionist]

Originally Posted by Ningishiddza

Except the Iranians backed down under threats from the US and hasn't initated the bourse yet. The Iranians are negotiating with the Japanese so that the bourse includes both Euros and Yen.

I read that the Bourse kept getting delayed due lack of liquidity and operating systems ..... how has the US forced them to back down ?? If America really had that much influence on Iran they would not continue with their Nuclear Research ......

[ApocalypticEnvoy]

I remember Saddam switched to payments in Euros in 2000. I also remember what happened next. The balance of power in the region has to be restored anyway.

[Ningishiddza]

Originally Posted by Perfectionist

I read that the Bourse kept getting delayed due lack of liquidity and operating systems ..... how has the US forced them to back down ?? If America really had that much influence on Iran they would not continue with their Nuclear Research ......

An oil bourse will not transform the Kafir Desert into a lush garden paradise turning Iran into a net exporter of food and providing thousands of agricultural and industrial jobs in the 1st, 2nd or 3rd economies, but nuclear energy will.

You have to choose your battles wisely, and Iran has chosen wisely. It can pursue an oil bourse at a later date, preferably after the unemployment rate has dropped below 20% and the government is spending less money on social services.

[Traveler]

There is another point here.

This article also points out the thinking of most of the non aligned nations. The US is fast becoming the bad guy despite its control over the news media. This does not bode well for international stability.

No matter how big and powerful the US may be it is not able to take on too many nations simultaneously. It would be in their better interests to change tactics before the drain becomes so great that they actually start to get physically driven out of or defeated in the areas that they are already in.

If that were to happen then the economic fall out would have devastating consequences for the entire globe. The yank consumerism really is the driving force that is keeping the East’s industries running. The third world is not able to take up the slack to keep those industrial bases viable.

The whole picture really is looking very grim

[Perfectionist]

Originally Posted by Ningishiddza

An oil bourse will not transform the Kafir Desert into a lush garden paradise turning Iran into a net exporter of food and providing thousands of agricultural and industrial jobs in the 1st, 2nd or 3rd economies, but nuclear energy will.

Why/How will it ??

You have to choose your battles wisely, and Iran has chosen wisely. It can pursue an oil bourse at a later date, preferably after the unemployment rate has dropped below 20% and the government is spending less money on social services.

In that case they might as well scrap the Bourse as the Iranian economy is not resource efficient and will maintain high unemployment ..... getting the Bourse in place first will create jobs, not the other way around .....

[ApocalypticEnvoy]

Originally Posted by Ningishiddza

It can pursue an oil bourse at a later date, preferably after the unemployment rate has dropped below 20% and the government is spending less money on social services.

Don't forget when they increase their refining capacity. We should send a picture of a Tomahawk with the coordinates of these facilities on them.

[Traveler]

This is in line with what I posted earlier

http://article.wn.com/view/2007/08/0...akened_Europe/

[Ningishiddza]

Originally Posted by Perfectionist

Why/How will it ??

There are two reactors at Bushehr to generate electricity, one to provide electrical power mainly for industrial, commercial and consumer use, and the other to operate a series of desalinization plants (which are electricity intensive).

The desalinization plants will allow irrigation works to establish an agricultural base in the southern and southeastern region and then on into the desert coupled with power transmission lines.

Iran's water supply, like most countries in the Middle East is less than 7,000 gallons per capita. Irrigated agricultural works and manufacturing/industry requires a tremendous amount of water, and that issue needs to be developed or resolved first, before expending money on agricultural or manufacturing development.

In that case they might as well scrap the Bourse as the Iranian economy is not resource efficient and will maintain high unemployment ..... getting the Bourse in place first will create jobs, not the other way around .....

Well, no, Iran cannot expand its industrial and manufacturing base without more electrical power. Their hydo-power capacity is maxed out and they've been diverting oil and natural gas from the world market to operate their existing non-hydro plants. That means you pay more for oil and natural gas, and Iran gets less revenues from oil and natural gas. Nobody wins and a bourse won't change that.

Once Iran develops nuclear energy and gets the power and desalinzation plants and their infrastructures developed, then Iran can sell more oil and natural gas, obtain more revenues and start developing its industries, which seem mostly planned to be pharmaceuticals, chemicals and petro-chemicals (and all are water intensive).

Some of the areas would be perfect for growing certain crops for methyl esters to make bio-diesel, which would allow Iran to convert all of its oil and natural gas power plants to bio-diesel giving it even more oil and natural gas to sell on the world market and easing its own transportation fuel crunch at home (Iran currently rations gasoline and diesel).

Iran is cash strapped now because of the high costs of its social service programs, its declining oil and natural gas production, and because its diverting more and more oil and natural gas from the world market for its own use (which it has tried to stop by implementing gasoline and diesel rationing).

[Ningishiddza]

Originally Posted by ApocalypticEnvoy

Don't forget when they increase their refining capacity. We should send a picture of a Tomahawk with the coordinates of these facilities on them.

Well, that's absolutely brilliant. We'll just yank 5% of the world's oil and 15% of the world's natural gas right off the market.

Have fun scraping up the money to heat your home this winter.

[Perfectionist]

Originally Posted by Ningishiddza

There are two reactors at Bushehr to generate electricity, one to provide electrical power mainly for industrial, commercial and consumer use, and the other to operate a series of desalinization plants (which are electricity intensive).

The desalinization plants will allow irrigation works to establish an agricultural base in the southern and southeastern region and then on into the desert coupled with power transmission lines.

Iran's water supply, like most countries in the Middle East is less than 7,000 gallons per capita. Irrigated agricultural works and manufacturing/industry requires a tremendous amount of water, and that issue needs to be developed or resolved first, before expending money on agricultural or manufacturing development

Well, no, Iran cannot expand its industrial and manufacturing base without more electrical power. Their hydo-power capacity is maxed out and they've been diverting oil and natural gas from the world market to operate their existing non-hydro plants. That means you pay more for oil and natural gas, and Iran gets less revenues from oil and natural gas. Nobody wins and a bourse won't change that.

Once Iran develops nuclear energy and gets the power and desalinzation plants and their infrastructures developed, then Iran can sell more oil and natural gas, obtain more revenues and start developing its industries, which seem mostly planned to be pharmaceuticals, chemicals and petro-chemicals (and all are water intensive).

Some of the areas would be perfect for growing certain crops for methyl esters to make bio-diesel, which would allow Iran to convert all of its oil and natural gas power plants to bio-diesel giving it even more oil and natural gas to sell on the world market and easing its own transportation fuel crunch at home (Iran currently rations gasoline and diesel).

Iran is cash strapped now because of the high costs of its social service programs, its declining oil and natural gas production, and because its diverting more and more oil and natural gas from the world market for its own use (which it has tried to stop by implementing gasoline and diesel rationing).

Yes, Iran needs more electricity (is there a country anywhere that doesn't) ..... but there are many ways to generate it and the Nuclear route may allow Iran to sell a little more of its Oil (overall usage would be only a tiny percentage of Irans exports) but the time and expense (and indeed political tensions) of development would cancel out much of the savings .....

An Oil Bourse set up a.s.a.p. would allow Iran to sell Oil more efficiently and for greater value without being dependent on the slowly dying Dollar ..... it would also foster better relations with other nations (who are also wary of the Dollar) and open up Iran to greater foreign investment and cooperation ..... a Bourse would mean Iran being more in control of it's economic destiny ......

[Justice]

Originally Posted by stewey

You may wish for that pinko, but if the US fails, guess who the Islamic militants will go for next? You bet, it is you buddy.

it's Bush thats killing his own people so they will let him attack Iraq/Iran but most americans have woken up by now to this plot so the next stage will be another 9/11 but on a much bigger scale and then Bush if he has his way will introduce marshal law and apoint himself supreem leader just like Hittler did.

Guess you will be signing up for the SS.

[Ningishiddza]

Originally Posted by Perfectionist

An Oil Bourse set up a.s.a.p. would allow Iran to sell Oil more efficiently and for greater value without being dependent on the slowly dying Dollar ..... it would also foster better relations with other nations (who are also wary of the Dollar) and open up Iran to greater foreign investment and cooperation ..... a Bourse would mean Iran being more in control of it's economic destiny ......

Iran, like most Middle East countries does not welcome foreign investment so much. You have to differentiate between modernization and westernization. Europe wants the Middle East to modernize and so do Middle East countries, but the US and UK want the Middle East to westernize, and that's the problem. Where you do see heavy foreign investment, it's usually French, Dutch, Spanish or Italian and they don't demand westernization.

One reason foreign investment is limited is because no economic reforms have taken place. Middle Eastern countries must enact laws and establish legal systems similar to western countries that offer protections to investors and the regimes haven't been willing to do that for many reasons. The primary reason is that state-owned industries are a form of political patronage that supports the regimes.

For Iran in particular, bourse or no bourse, the country will not permit foreign investment. Iranians already had a taste of foreign investment and after 60 years, they were poorer than when they started. Sure, Tehran and Tabriz are beautiful modern cities but the rest of the country is a dung heap.

Iran also has other motiviations, primarily because it sees itself as the "city on the hill" and it intends to prove to all Shi'a, to all muslims, and to the rest of the world that you don't need the West, and damn sure don't need the US and UK. In doing so, it hopes to inspire all other developing countries, especially the non-aligned and the muslim countries to divorce itself from the West.

Iran hasn't given up on the bourse, it's just delayed it while it uses new strategies. Like I said, they're talking to the Japanese about allowing the Yen as one of the currencies. Japan is going for it, but has to figure out how to play off Bush first before they go with it and they're talking to other countries to gain as much internatinal support for their bourse before they initiate it.

[medicvet]

The Iranians are trying to bait the real "King of Terror," and they may succeed.

yup. Iran's oil bourse coming to fruition=a war.

[Blu-ray]

I have to agree with you medicvet.

Ever since the US leaders decided to invade Iraq, I've been waiting for them to invade Iran.

I am a US Citizen, I did not support the War in Iraq from the beginning and I sure as hell won't support one with Iran! I also feel that many people that supported the war with Iraq in the beginning have since woken up and realized what sort of crap we are in. I highly doubt that the US population will support another war in another Middle East Country.

[Ningishiddza]

Originally Posted by DVANDERM

I am a US Citizen, I did not support the War in Iraq from the beginning and I sure as hell won't support one with Iran! I highly doubt that the US population will support another war in another Middle East Country.

Of course you support the war in Iraq. You continue to aid and abet your government at every possible chance. You still pay taxes. You haven't resigned your job to protest, haven't led co-workers in work stoppages or strikes and every time you tune into NBC on radio, television or the internet, you're funding the war in Iraq. And you continue to patronize and support businesses and corporations involved in the war.

So in what way do you not support the war in Iraq? You just talk about it? Heck, I can train my dog to bark, "No Iraq."

And yes, the US population will support another war in the Middle East. They'll bitch for 5 minutes then run to the shopping mall to make sure the US can pay for it.

[Blu-ray]

In response to Ning -

1. So for me to protest the war in Iraq I should quit my job. Okay, Who is going to feed me and my family? Who is going to clothe them? Who will provide shelter for them? Medicine? Health Care? School Supplies?

2. There are other ways of protesting the war. Writing letters, going to meetings, going to a rallies, supporting canidates for office that oppose the war. I don't have to QUIT my JOB, nor not buy food, clothing, and necessities to protest the war.

3. Paying taxes - Well you got me on that one. I won't file my taxes from now on. Then when the IRS and the government catch up with me they will arrest me and throw away the key for tax evasion. Then, who will feed, clothe, provide shelter, medicine, health care, and school supplies for my family when I am in jail serving time for not paying my taxes?

4. Ning - I think I mentioned this to you before but for some reason you seem to have a negative connotation in many of your posts, why? What caused you to be so negative? Not enough love from your mother and father when you were a child? Were you dropped on your head as a baby? Or, do you just like getting off on being negative towards so many people?

Peace Be With You

EDIT: I just discovered the ignore user feature here.

[Perfectionist]

Originally Posted by Ningishiddza

Iran, like most Middle East countries does not welcome foreign investment so much. You have to differentiate between modernization and westernization.

Very good and important point ..... "westernisation" in Muslim eyes means decadence and immorality mixed with ruthless capitalism .....

Europe wants the Middle East to modernize and so do Middle East countries, but the US and UK want the Middle East to westernize,

How do you figure that and to what end ??

Sure, Tehran and Tabriz are beautiful modern cities but the rest of the country is a dung heap.

Is Iran really just a few developed cities with the rest of the country still in the dark ages ?

Iran hasn't given up on the bourse, it's just delayed it while it uses new strategies. Like I said, they're talking to the Japanese about allowing the Yen as one of the currencies. Japan is going for it, but has to figure out how to play off Bush first before they go with it and they're talking to other countries to gain as much international support for their bourse before they initiate it.

What is your own ETA on the Bourse ??

Originally Posted by medicvet

yup. Iran's oil bourse coming to fruition=a war.

Yup ..... unless they decide to use their Nuclear Development as an excuse to prevent the fruition of the Bourse = errrr, war !! Rock and a hard place !!

Originally Posted by DVANDERM

Ever since the US leaders decided to invade Iraq, I've been waiting for them to invade Iran.

Instead of waiting for it to happen ..... why not try and prevent it .....

I am a US Citizen, I did not support the War in Iraq from the beginning and I sure as hell won't support one with Iran!

Your view against invading Iraq didn't prevent shit ..... and likewise neither will your view against invading Iran !!

I also feel that many people that supported the war with Iraq in the beginning have since woken up and realized what sort of crap we are in. I highly doubt that the US population will support another war in another Middle East Country.

America is actually a country within a country ..... about 50 million Americans (mostly on the East and West coast) are well informed and judgemental ..... the other 250 million are self absorbed, ignorant, dumb ass, brainwashed complacent mofo's who couldn't even find America on a World Map ..... you are in the former group but you are unfortunately also in a minority ......

Originally Posted by DVANDERM

1. So for me to protest the war in Iraq I should quit my job. Okay, Who is going to feed me and my family? Who is going to clothe them? Who will provide shelter for them? Medicine? Health Care? School Supplies?

Which is the point !! We all care about World Events ..... but not more than we care about ourselves !! In the end human beings are selfish creatures who look after themselves and those close to us first ..... everything else comes second on the priority list ..... I doubt this will change anytime soon ..... which is why the world is so funked up .....

2. There are other ways of protesting the war. Writing letters, going to meetings, going to a rallies, supporting canidates for office that oppose the war. I don't have to QUIT my JOB, nor not buy food, clothing, and necessities to protest the war.

Protesting a War is pretty frikkin easy ..... getting it stopped is a lot harder .....

4. Ning - I think I mentioned this to you before but for some reason you seem to have a negative connotation in many of your posts, why? What caused you to be so negative? Not enough love from your mother and father when you were a child? Were you dropped on your head as a baby? Or, do you just like getting off on being negative towards so many people?

Peace Be With You

EDIT: I just discovered the ignore user feature here.

Dude, don't be punk ass pussy ..... NingyShingyDingy may not make the most "thoughtful" posts ..... but he definitely makes the most "though provoking" !!

[Soultaker]

Originally Posted by Ningishiddza

Well, that's absolutely brilliant. We'll just yank 5% of the world's oil and 15% of the world's natural gas right off the market.

Have fun scraping up the money to heat your home this winter.

What a damn good use of sarcasm!

Anyway, is there any possibility for US to bomb Iran in the following months, or even 2008, Ning?, just asking... I hope no!!

Is there any chance that the attempt of USA of bombing Iran ends in an Iraq-like fiasco... or worst?