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Iran Replaces The US Dollar With The Euro…And So It Begins
By FocalEquity on September 22, 2009 | More Posts By FocalEquity | Author's Website
Iran’s President Mahmoud Ahmadinejad has ordered the replacement of the US dollar by the euro in the country’s foreign exchange accounts.
The September 12 edict was issued following a decision by the trustees of the country’s foreign reserves, Mehr News Agency reported.
Earlier, the Islamic Republic of Iran had announced that the euro would replace the greenback in the country’s oil transactions. Iran has called on other OPEC members to ditch the sinking dollar in favor of the more credible euro.
Following the switch, the interest rate for the facilities provided from the Foreign Exchange Reserves will be reduced from12 to 5 percent.
Since being introduced by the European Union, the euro has gained popularity internationally and there are now more euros in circulation than the dollar.
The move will also help decouple Iran from the US banking system.
http://presstv.com/detail.aspx?id=106669§ionid=351020102
Who is next? And what will be the USA’s retaliation?
Watch this fad catch on now. The dam has burst.
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Buh-Bye USD! Burn Baby Burn!
The internet search shows stories relating to Iran replaces Dollar back in Sept 2006? So what is the big deal now? Or did thast never happen then?
I sense a war coming soon
It is rare to have so many wars packed so closely together. If we do invade Iran it wont be for a few years. All those USians first need to forget about Iraq, then there needs to be a period of economic prosperity. After that, I think it would be safe to expect another war.
As an American,I’m very ashamed over the actions of my nation relating to our hostile,bullying foreign affairs and especially to the unlimited funding and tolerance of the terrorist state of Israel.
I say let the dollar die,then we can get on with forming a more perfect union and begin again.
Hopefully there will be enough people with enough outrage that we can accomplish this.
Watch how the Iranian’s are suddenly affected by mysterious undersea cables being cut.
We did the earlier sabotage and that is proof of our desperation for them to keep selling oil in dollars.
Not much of an American.
If being an American means going into a sovereign nation and slaughtering innocent civilians and trying to force our ways on another country…. count me out as a “good American”. This country is run by tyrants and it is shameful. No, I am not a proud American. I am now ashamed of this country full of bullies.
9/11 was an inside job. As a result we are slowly being stripped of our liberties. You need to wake the hell up, Matt.
I agree.
you are FREE to leave!
Don’t worry. I’m pretty sure your going to see a lot of people doing just that. This country is a sinking ship, and it’s going down fast. The only people who will be left will be the moron hoodwinked sheeple, and they kind of deserve the slaughter.
And when this country does collapse, everyone who’s left inside will have to fight each other like starving rats just to survive. Not even totalitarian martial law can save this country from anarchy, belligerent hoodlums and chaos.
“Comment by bob
2009-09-24 13:24:09
you are FREE to leave!”
Only if you are poor. Congress instituted an ‘exit tax’ for any citizens wanting to become ex-pats if they even have a moderately high middle-class accumulation of assets and investments of future value.
hahaha…. we know how Americans behave under pressure when it all falls apart for them… Hurrican katrina was a show case for that….
yet again the famous goldsmith has torn a nation and people apart with his usury based fractional reserve banking system.
the last time they did something like this on this scale was in Germany in the 1920’s, Germany went from being a forward looking technologicaly advanced democracy into facist state.
You’ve all been played and you don’t even know it….
google this….
Obama Orders 1 Million US Troops To “Prepare For Civil War”
2009 November 30
Comment by Dave,
Ha, you are no American. You are a progressive radical that seeks to change America from what made it great.
I agree with the fact we should not cater to all and try to spread any democracy, we are not a democracy, we are a constitutional republic.
The Constitution and the declaration of independence set us free from the very immoral and corrupt countries you would have us buddy up with again. You might be proud of O that Khadafi, Chavez and other evil politicians are giving praises to Obamasin, but the majority are not.
“MOre perfect union,” get out of here with that crap and try reading the constitution and declaration of independence you smoe…
I agree we are saturated with corrupt political leaders from all parties, but the answer is not turning America into the UK or France. If you want a stronger form of socialism Move there and dont let the door hit you in your lazy entitlement welfare azz, ok.. thanks
we are the state of israel. wake up.
Ha, optimist! You are not the state of Israel, but the colony of Israel. The whole world can see it - how
come that many Americans are still blind to this fact?
To criticize one’s country is not unpatriotic. In fact, if those who paid attention, had stood up to our on-the-take polticans and, especially, to THE Manchurian Candidate, If Americans really paid attention instead of leaving it all to the crooks, we would not be ready to be flushed.
Have no doubt, Americans, life will change, dracticly, for most, soon and it will be because you allowed your politicians free reign and allowed this all to happen. Blame no one but ourselves.
And yes, for the murdering, plundering abuse of the world, I apologize.
Americans owed it to themselves and the world to criticize their government when it was wrong but few had the knowledge, intelligence, foresight or gonads.
Good luck to us all. We’re going to need it.
Ignorance is bliss.
He does not realize that when the USD falls the euro will not stand. It is a fake currecy too. People do not see this? When america as a country falls, the people in power will just move to parasitize off another country or union (EU).
The Only solution is to create a currency based on overall output of a country (energy kHz/Hour). Everything can be converted to that. Especially national resources. That way the countries with reserves like Russia and Canada will have a very good currency.
Wouldn’t that make China the most wealthy?
Iran would be better off if they replaced the dollar with the Chinese Yuan. The dollar and the Euro are going to crash together because they are both controlled by the same central bankers.
Mistake:-))
VERY good point Fabian! These unrepentant, wallet lifting swindlers would, in China, find themselves kneeling in front of a guy with a rifle pointed at the back of their heads and executed with a single bullet. The only saving grace for the Euro are those pesky Germans who know very well just WHO those swindlers are, even though to name them means a jail sentence.
Actually the Germans are legally free to name who half the swindlers are: WASP’s, aka white anglo saxon protestants.
Sorry, but IIRC the yuan is still pegged to the US dollar, though not as tightly as a few years ago. And the euro is as much a fiat currency as the dollar, plus I wouldn’t be surprised if the EU falls apart in the near future. Perhaps the Swiss franc would be the best choice.
I’m American and I’m not ashamed at all. After all, I didn’t have anything to do with any of it.
Besides, for a person to associate himself with the nation he was randomly set down in is stupid; the flag you have is stamped on you at birth. I would be ashamed if I were an immigrant. Imagine coming to this evil nation because you wanted a piece of the houses, cars, and strip malls.
The best thing to do now is have a plan and be ready to go. It’s difficult to formulate, expensive, and takes time. If you haven’t done anything yet American, you better get moving.
Your days are numbered.
“Besides, for a person to associate himself with the nation he was randomly set down in is stupid; the flag you have is stamped on you at birth. I would be ashamed if I were an immigrant. Imagine coming to this evil nation because you wanted a piece of the houses, cars, and strip malls.”
makes no sense, what did you mean to type?
excellent remark!!!
Neither dollars nor euros can be eaten… Real wealth exists in America because we have endless fertile lands and abundant resources. Because the powers that be would like us to help out the poor unfortunate bastards unlucky enough to be born in the asshole of the world, we buy their oil, even though the US has more oil under it’s soil than every other country on earth put together… The US doesn’t need the rest of the world, the rest of the world needs the US…
No wonder our country is so screwed. We have to borrow a billion dollars a day from China, just to operate our government, and this numskull will actually come out and say that the rest of the world needs us for our farm land that we don’t even use anymore?
Huh?!? Hate to break it to you Keyser, but the US certainly does NOT “[have] more oil under it’s soil than every other country on earth put together.” Not even close. A simple Google search yields this graphic:
http://www.nationmaster.com/graph/ene_oil_res-energy-oil-reserves
Saudi Arabia ALONE has 100x more reserves than the US. Christ, sometimes I think people just make stuff up out of thin air for no other reason than just to hear themselves blather on…
I believe he meant the us consumes more oil than all other countries put together with the associated pollution as well.
Keyser Soze is confusing oil we can extract and use with the oil that we can’t possibly get out of the shales that it’s locked in. The latter kind, we have more than you can shake a stick at.
The whore , can have her days when she is young , then after 60 years of whoring she will become an ugly , old ,over used , uselss and unattractive bitch sort like a used tea bag ….that is the current condition of the status of health of the US economy right now
Oh, come on guys, Take your drugs, get your flu shot, and go back to Sleep!
This is the wall broke of the end of the US-Dollar.
A run will come, of course nobody want be the looser of the dollar-deals. More and more dollars will get sold and the Euro is much than ever asked. I China changes, USA would be economically finished.
Retaliation? Shouldn’t any retaliation be against our own government and the Federal Reserve for printing, borrowing, stealing and spending our money into oblivion?
I can’t blame Iran for this move, though I wouldn’t trust the Euro to be much better.
I don’t blame the Iranians; they’re just trying to protect themselves from financial loss. The FED is printing trillions of dollars out of thin air and the dollar’s value is dropping like a lead balloon as a result of that. Since the FED was created in 1913, the dollar has lost over 97% of its purchasing power. However, I must say that all governments are the same everywhere, at any point in history. This is my working definition of government: the most ingenious and worst form of legalized theft, plunder, tyranny and brute force that was ever devised by man. Please, feel free to quote me. Warm wishes to all!
Dudes, At least the Euro is still backed by gold (although they may not be able to get their hands on it). The dollar is backed by nothing. Iran is making a clever, yet dangerous move. Look what happened to Iraq after they switched from the dollar to the Euro.
“you are FREE to leave!”
But not free to continue paying taxes since under the “limited government” Republicans that ruled under Bush, an expatriate tax was passed that expatriates to pay taxes even after moving away.
Sanctions against Iran are useless since Europeans has no ethics when they smell money. The only one is loosing is us. Just to be Israel slave has no end in that region. Iranian government is not a legitimate government. Ahmadi nejad is not popular. It is the time to help Iranian people to take over the situation. But this is not happening because Israelis love Ahmadi nejad. Without him how they rip off American tax payers?
as bugs bunny would say ‘this means war’.Or will yosemite Sam’s capitulation ‘i’m a hessian with no aggresion’ be the final word. i’ll bet on bugs.
stay tuned for the exciting conclusion to next weeks story…
well done iRAN..
make this go fast..
chaves is olso on the same mission.
bye bye USD AND USA.
Americans,
If you can, please store food, drink and supplies, at least a year’s worth. Rotate it so it doesn’t go bad.
You buy car insurance, house insurance, life insurance. Consider it insurance.
Maybe the stuff won’t hit the fan. Maybe it’s not the end of the world as we know it. Maybe things won’t tank and maybe they will.
BE PREPARED.
War? Thats the real reason for the Iraq War GWII,the series that wont get cancelled even with low ratings. Saddam refused to take US dollars anymore. He went to Euro’s.
War? At this point, I dont think they should wage full scale war.
The US Military should go into the richest Middle Eastern & Asian Cities and go house to house at gunpoint with mortgage balances and credit cards of the American public and make the Arabs & richest more eastern Asians pay them all off.
Then we burn 2/3rds of the printed money over a course of a couple years.
We also must legalize, but regulate and tax marijuana.
The weed tax will pay for social security and the type of national medical plan Obomo wants.
How did things in the U.S. go so wrong so fast? The country is relatively young and was built on some pretty great ideas. So long, prosperity. Hello, 3rd world nation status.
As said B-4…. anytime you don’t like whats going on here….you can go back from where you came…and take your smelly wemon with you….To many people have laid there lives down for the likes of you…and all you can do is bitch on how they did not do it your way….Well go back to where you came from and pick up a gun…and go change things…..and if you are from America…I know you wont pick up a gun because your to chicken shit to do it….so you bitch about people who do….
If you are not willing to die for something…..then why are you alive.
M.L.K.
Lee Greenwoods saccharine song playing on a continuous loop in your head there Skippy? I’m proud to be a Duhmerican where at least I know……’ Sad. So sad.
Diana-
It was the changing of a President. We may be a young country, but our values which we were valued upon have been stomped on and burned. Like all great ruling nations in the past, we will fall just as they have. Mark my words.
Repent and believe in Jesus Christ before it’s too late.
http://www.needgod.com
War with Iran is inevitable. The MSM is beating the drums of war with Iran louder than ever before.
Here are some things to consider before we go to war:
1.) Iran is not Nazi Germany
2.) Iran does not have nuclear weapons
3.) Iran was fully complicit with the NPT and IAEA for most of its 40 year history until the axis of evil speech.
3.) Iran is not a threat to the US
4.) Iran has no links to Al Quada or 911.
5.) Iran is in the midst of an economic crisis. Our anti Iranian rhetoric emboldens Iran citizens to follow Ahmadinejad who is otherwise unpopular.
6.) Iran is willing to discuss with the US the prospect of helping Iraq with stability
7.) Iran is more than willing to continue with full compliance with the NPT and IAEA.
8.) Iran rightly wonders why the US increases its own nuclear program to Cold War levels while condeming even the prospect of a nuclear Iran.
9.) Iran wonders why Saudi Arabia, a natural enemy, is allowed a nuclear program while its own nuclear program is condemned
10.) Iran wonders why we give sweetheart deals to India that will increase its own arsenal while condemning Iran’
“Repent and believe in Jesus Christ before it’s too late.”
Hahahahahahahahahahahahahahahaha! Oh, Monte, you are a riot. But it had to be said, didn’t it?
This is what all your baseless prognostications sound like to me: the lunatic ravings of a religious fanatic. You’re all just a bunch of credulous nutcases on here. Lots of “the sky is falling!” and “it’s inevitable!” and “mark my words.” Lol. Here, mark *my* words: don’t drink the kool-aid.
My Advice to You All……
By food, silver, gold, water, guns (ammo) and booze soon………
Even if you have to max out all your credit cards to do this…..
Ciaos is coming soon, and who is going to try to collect on your credit card bills?
Better off having these supplies to sustain your life, the banks will be gone…your bills not a worry to anyone….
DFS
When the sad, skinny and weak (because he did not save food) collection guy comes to your house. He will pull himself up your stairs….so slowly……
You will here is soft weak knock at your door…
Behind this? Will be you. Sitting in you favorite silk pajamas.. Gold and silver stuffed in your pockets, Doritos crumbs all over the front of your self, and drunk as hell.
(your Mossberg 500 shotgun on your lap……..)
Big smile on your face!
……..I Love you ManofTruth!