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Iran Replaces Dollar With Euro


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HOLA441
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Guest P-Diddly
Rubbish we have loads of helicopters Gordon said so. We have so many we can spare at least a dozen to play pretty war games for Ch 5 off HMS Ocean in the South China Sea.

Nope. They're for sale now in Exchange and Mart. Sold as seen, breaking for spares.

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HOLA446
great the country with the 2nd biggest oil reserves just launched an attack on the dollar, I can imagine the US response......

....only problem for us it secures the euro even if eastern europe goes tits up, which is bad for sterling

I wonder if we will see the return of boloxlondonman and his tales of coming pound parity

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HOLA447

The only problem with this is Iran may well have nuclear weapons and the will to use them.

Sadam didn't have nuclear weapons but would have loved to have them, he didn't use chemical or biological weapons as their use can lead to unpredictable consequences and his opponents were prepared for them. You cannot really prepare for a nuclear explosion.

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Guest KingCharles1st
The only problem with this is Iran may well have nuclear weapons and the will to use them.

Sadam didn't have nuclear weapons but would have loved to have them, he didn't use chemical or biological weapons as their use can lead to unpredictable consequences and his opponents were prepared for them. You cannot really prepare for a nuclear explosion.

There is a difference- Saddam was a tyrannical bullying despot. Iran's whole structure" appears" far more cohesive.

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Guest P-Diddly
I wonder if we will see the return of boloxlondonman and his tales of coming pound parity

Hopefully!

Awesome comedy was BX.

I'll get a bulk order in for Boxes of Frogs if he does.

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Guest KingCharles1st
Hopefully!

Awesome comedy was BX.

I'll get a bulk order in for Boxes of Frogs if he does.

Can't you make do with deep fried crickets and beetles on sticks- FFS

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Guest P-Diddly
Can't you make do with deep fried crickets and beetles on sticks- FFS

No his delicacy was frogs . . . boxed ones.

I think the old wholesale supplier has gone bust now, so an alternative may have to be found.

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HOLA4416
I am not finding this reported anywhere in the mainstream media ----- anyone?

Ray Boulger will be talking about its effects on UK mortgage availability on the Paul Lewis show.

Radio4 Saturday 12.00pm

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HOLA4420

Interesting, if the site is credible. They are talking about shooting down UFOs in another article.

The Iranians have been building up to this for some time.

http://en.wikipedia.org/wiki/Iranian_oil_bourse.

Let's see how bold they are over the coming months.

Also, of note is the agreement with Chavez to build a 140,000 barrel a day refinery.

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HOLA4422
How does the game go again?

Start at the top and keep going until The Great Will of America is satisfied.

1 Bribe them

2 Assassinate them

3 Go to war with them

Is there a Shah available for light duties?

The Iranians have been pretty smart.. they developed a nuclear capability first.

The US have been pussy-footing around them ever since so I doubt we'll see a war.

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Guest Daddy Bear

http://www.housepricecrash.co.uk/forum/ind...c=40328&hl=

A copy of MY post made in the new year of 2007 - 9 months before northern rock. Stock Markets were reaching new highs and the Nikkei was at 17000pts, and HPI was full steam ahead.... and oil was only $40 per barrel....halycon days :lol:

DaddyBear post Jan 11 2007, 11:34 PM

HPC Economic Almanac 2007

Jan 2007 to Dec 2007

UK Interest Rates rise 0.25 % Jan 10th and then 0.25% in March and June and October due to inflation spiraling upwards.

Huge 1.4 trillion consumer debt eventually reaches bursting point and precipitates a collapse in UK consumer spending.

US Housing Market continues spiral downwards losing 60% of peak value.

Economic Growth falls off a cliff in the US and world largest economy goes into major recession.

Dollar collapses by 50% due to astronomical current account deficit.

Global Fiscal crisis

Large riots break out in major cities

Massive simultaneous terrorist attacks on a number of financial centres.

Saudi Arabia stability undermined - House of Saud under attack..

Iran states it will go ahead and price oil in euros from march 2007

Middle East descends into chaos as US has to act to save the oil backed dollar from meltdown - tensions between Israel/US and Iran/other gulf states escalate into major conflict (possibly nuclear).

Huge oil price shock oil rises to $120 a barrel.

Avian Flu mutates into human form in Asia and quickly spreads to Europe/US causing a global pandemic.

Major Hedge Funds collapse in Global Market Stock Market Crash

Global Collapse of Major Banks.

Global Economic Financial Meltdown.

Storms and flooding batter UK and Europe.

Worst Drought ever strikes Europe and North Africa causing huge water shortages.

Thames Barrier breached 50 billion damage

Category 5 Hurricane Dave batters the East coast of the States. Global Warming blamed.

Huge inland flooding occurs in a number of countries worldwide.

Massive Earthquake strikes Tokyo 8.1 on the Richter Scale.

Nikkei collapse from 17000 pts to 8000pts

Major Insurance companies collapse.

Assets prices continue to inflate wildly

War breaks out in Asia (North Korea/China neighboring states) WMD are used

Chinas growth falters resulting in economic hard landing

Category 5 Typhoon batters major Asian City.

IT and Wireless communication attached by tech-terrorists

Earthquake 7.9 on Richter Scale strikes Los Angeles

George Bush 'crosses the Rubicon' and dismantles US democratic constitution with backing from the senate to deal with unprecedented global crisis.

The Perfect Economic Storm 2007 is upon us

Anything else I have not considered?

DB

Another one ticked off. The ones in red came true along time ago - the one in blue this weekend....

Just two years too early on this one...

Too prescient once again....

IGNORE ME AT YOUR PERIL

Be warned hyperinflation will be with us soon.......this is another step on destroying the dollar (and £)

Edited by Daddy Bear
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Guest P-Diddly
http://www.housepricecrash.co.uk/forum/ind...c=40328&hl=

A copy of MY post made in the new year of 2007 - 9 months before northern rock. Stock Markets were reaching new highs and the Nikkei was at 17000pts, and HPI was full steam ahead.... and oil was only $40 per barrel....halycon days :lol:

Another one ticked off. The ones in red came true along time ago - the one in blue this weekend....

Just two years too early on this one...

Too prescient once again....

IGNORE ME AT YOUR PERIL

Be warned hyperinflation will be with us soon.......this is another step on destroying the dollar (and £)

Another one to cross off. Typhoon hits Asian city. Taipei recently.

You're good at this.

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Guest Daddy Bear
You're good at this.

I know

I was even better in 2008

Spot on on oil going to $40 from $150

Spot on on UK HousePrice deflation

and a few others....

The one in black did not happen it only dropped to $750 - then my perspective on the outcome changed massively - I had underestimated what global central banks and governmnets would do. I changed my strategy from a deflationary one to an inflationary.

I am still very happy with the decision.

http://www.housepricecrash.co.uk/forum/ind...c=65036&hl=

Daddy Bear @ Jan 4 2008, 11:40 PM

Anyone got any predictions for 2008?

I have some to get the ball rolling (likely events - no meteor strikes or magnetic pole reversals!):

UK cuts Interest rates 0.25% On Jan 10th, followed by a total of 5 more 0.25% cuts throughout the year bring rates down by 1.5% to 4% by year end 2008

Fed cuts Interest rates by 0.5% on Jan 30th and follows with 4 more 0.25% cuts throughout year, bring rates down to 2.75 by year end.

Interest Rate cuts have no effect on increasing consumer demand or business expansions

Major increases in unemployment in UK US

Consumers are Debt Saturated

Sub prime become a problem in UK

The Pound reaches parity with Euro - plans are put in place to scrap sterling.

House Prices fall 15% on average in UK and US in 2008.

Further Bank collapses in US & UK

Insurance companies collapse

Inflation rises in first 6 months but is subdued by the beginning of deflation.

UK & US both go into recession Q2

Oil Price collapses to $40 per barrel

Commoditry prices collapse

Gold falls to $500 per ounce

DEFLATIONARY FORCES HAVE COME INTO PLAY.

UK US Stockmarkets have major crash

Nikkei levels out at 10000 pts

WARNING WARNING MASSIVE INFLATION COMING

CASH WILL BE TRASH

DB

Edited by Daddy Bear
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