556. Petro-dollar, the cause of Iran war (7/4/08)

People think the nuclear ambition of Iran is the reason for Iran war.
That is only right on Israel's part. For US part, it is petro-dollar.

US dollar is appointed currency in oil trading. Because the oil trade
is a huge business, a large amount of dollar is locked up in that
trade. That money is called petro-dollar. Why it is so important to
US? Because it acts as a long term none interest loan The prosperous
US economy partly was based on the petro-dollar - a long term loan
without interest. Let me depict it in this way:

US bought a house from Japan (whom represents the oil customers of
Iran) for one million dollars. US also bought another house from
France (whom represents other oil customers of OPEC) for one million
dollars. Japan and France use these two million dollars as fund to buy
oil. The money was used in oil trading circle and never back to US. US
enjoys the two houses almost free. He doesn't have to pay monthly
mortgage payment. Not a penny for interest, nor for principle. All the
cost was the printing of a green back paper. However, that green back
paper - petro dollar, is still a debit note. How long is it? So far
it's more than forty years - since dollar became the appointed oil
trade currency.

But suddenly, Iran refuses to accept dollar. Japan has to ask US to
exchange that one million dollar into Euro or yen. What US can do is:
1. to get the dollar back by export more merchandise. But he is not
able to. He has a trade deficit already. 2. To get the dollar back
with gold or foreign currency reserve. But he hasn't that much
reserve. 3. To lock up that extra one million dollar in US Bond by
raising the interest rate to attract the buyer. But he unwilling to do
it. There is a sub-prime crisis in real estate market. Any interest
increase will further devalue the house. Feds holds a large amount of
real estates in my case, they don't allow such thing to happen. So to
solve the problem, they go to the fourth option. 4. By pushing up the
oil price.

France (other oil consumption countries) keeps one million dollar as
oil trading fund. How much does he need if the oil price doubled? Two
million. Thus the one million dollar Japan abandoned is absorbed by
France. That's why the oil price jumped like crazy in recent days - a
tricky way to keep US dollar from collapsing.

US has to pay for high oil price too. Ordinary people bear the cost.
But the high oil price will hurt the economy. The condition won't last
long. So war on Iran is unavoidable.

Of course, US is a "democratic" country. It can't start a war because
others refusing to use its currency. Then beware of another 911 style
false flag attack.

We know there was an incident of live nuclear head weapons being
carried over the continental US by a B-52 last August. There is
attempt of dirty bomb attack in Houston this year.
Quote, "State of Emergency: The US in the Final Six Months of the
George W. Bush Administration
by Lewis Seiler and Dan Hamburg
June 13, 2008 by CommonDreams.org
.......
Former National Security Agency analyst and naval intelligence officer
Wayne Madsen has been in Houston investigating the Carnaby case at
great personal risk. Madsen believes Carnaby was involved both in
heading off a potential war with Iran (by leaking Mossad plans to
assassinate Hezbollah leader Hassan Nasrallah just days before Carnaby
himself was killed) and in trying to forestall a potential terrorist
attack on the port.
According to Madsen, “federal agents in Houston fear that ‘another
9/11-type part false flag’ attack is imminent, perhaps as early as
July 4.”.......

http://www.commondreams.org/archive/2008/06/13/9596/

Another time factor for Iran war is the Olympic Game in August. China
has interest in Iran. He is an oil customer of Iran. Olympic Game
could be an extortion chip for China's support in Iran war.

557. The development of Iran affair (7/9/08)

On 6/30 and 7/1, State Secretary Condoleezza Rice had a lightening
visit to China. So I knew there was a new secret deal signed by China
and US secret police. There was a quick result of that deal: On 7/3,
White House announced that Bush would attend the opening ceremony of
Olympic in Beijing. Other world leaders, such like Merkel of Germany
and Gordon Brown of Britain, are skipping the opening ceremony to
protest China's violation on human rights in Tibet and Sudan.

The main purpose of the secret deal is to continue to frame a drug
case. Does it include that China will support Iran war?

Quietly, US is preparing for another Mid-east war.

Quote, "Iran War Resolution May Be Passed Next Week
June 23, 2008 by Eric Garris
Introduced less than a month ago, Resolution 362 www.govtrack.us/congress/billtext.xpd?bill=hc110-362>, also known as
the Iran War Resolution, could be passed by the House as early as next
week.
The bill is the chief legislative priority of AIPAC. On its Web site,
AIPAC endorses the resolutions as a way to ”Stop Iran’s Nuclear
Program” <http://aipac.org/694.asp> and tells readers to lobby
Congress to pass the bill. In the Senate, a sister resolution,
Resolution 580 <http://www.govtrack.us/congress/bill.xpd?
bill=sr110-580>, has gained co-sponsors with similar speed. The Senate
measure was introduced by Indiana Democrat Evan Bayh on June 2. It has
since gained 19 co-sponsors.
The bill’s key section “demands that the president initiate an
international effort to immediately and dramatically increase the
economic, political, and diplomatic pressure on Iran to verifiably
suspend its nuclear enrichment activities by, inter alia, prohibiting
the export to Iran of all refined petroleum products; imposing
stringent inspection requirements on all persons, vehicles, ships,
planes, trains, and cargo entering or departing Iran; and prohibiting
the international movement of all Iranian officials not involved in
negotiating the suspension of Iran’s nuclear program.”
http://www.antiwar.com/blog/2008/06/23/iran-war-resolution-may-be-passed-next-we.../#comment-155998

Iran surely has felt the approaching danger and made a response on
July 4th.

Quote, "Iran responds to nuclear package
Friday, July 04, 2008
Iran has responded to a packages of incentives offered by six world
powers aimed at resolving a standoff over its disputed nuclear
ambitions, according to the official IRNA news agency.
http://english.aljazeera.net/news/middleeast/2008/07/20087415262251551.html

Iran's constructive preliminary response is positive. But it's a
dismay to warmonger. They lose an important excuse to start a war. It
disturbs their war schedule. So US media treat the news with a low key
and drop the news in the corner. However, the market reaction is
inspiring. From 7/5 to 7/8, the oil price dropped for four days from
$145 to $136 a barrel. .