Quote:
Originally Posted by DieselAddict
I couldn't find anywhere that explains how Iran plans to flood the market with cheap oil and how that would collapse our economy. Think about it for a minute. It really makes no sense. It would be in Iran's interest to jack up the price of oil, not reduce it, if they want to harm us.
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I've looked into this more and I can only see Iran's "plan" of flooding the market with cheap oil hastening a collapse that would already be in action.
Selling oil in Euros would cause the US dollar to no longer be "backed" by oil and this is what would cause the collapse. My guess is that selling it cheaply would reduce the sales of t-bills that are supposedly floating our national debt.
The links below talk about how selling oil in denominations other than the US dollar would be bad for America. There is also info about how Saddam tried to sell in Euros shortly before the US took him out.
http://www.chycho.com/?q=Fallon_gone
http://dontfearthetruth.com/2008/03/13/what-if-i-told-you-that-10-months-before-911-saddam-hussein-did-something-very-big-and-pissed-off-the-us-administration/
http://www.lewrockwell.com/paul/paul303.html
At any rate, I originally posted my comment because I watched the whole video of Lindsey Williams and he made claims that seem to have become reality. His final claim in the video was to keep an eye on Iran. He stated that the US will have to deal with them due to the "threat" they pose, which he said was going to be by a certain date not revealed in the video, and that Iran will soon be in the media needing possible US military intervention.
It seems like Iran is in the media needing possible US military intervention ... or at least the ground work is being laid for it.
Perhaps I need to get a tinfoil hat.
