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  Asia USA Iran Economy Analysis

'Iran Oil Bourse', US Dollar and Internet Cables

Posted: 2008-02-06
From: Mathaba
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Iran's Finance Minister Davoud Danesh-Jafari told reporters the bourse will be inaugurated during the anniversary of the Islamic Revolution (February 1-11).

"All preparations have been made to launch the bourse; it will open during the Ten-Day Dawn (the ceremonies marking the victory of the 1979 Islamic Revolution in Iran)," Iran's Finance Minister said. However other reports indicate further delays to this already overdue project, with it possibly opening on February 19th. The Minister earlier stated that the Oil Bourse is located on the Persian Gulf island of Kish. [link] [link]

Western media have failed to report on this significant event, which is believed to be the real reason for the hostility and threats of the western globalist elite toward Iran's peaceful nuclear energy program. It is the brain child of Englishman Chris Cook a former director of the International Petroleum Exchange who blew the whistle on market manipulation at the IPE. He has worked for several years in Iran on a Middle Eastern Energy exchange which has been dubbed the "Iran Oil Bourse (IOB)". He said the system would work as a "Peer to Peer" network using the Internet rather than the traditional centralized method to avoid the market manipulation by intermediary traders which affects other oil trading centres. [link] [link] [link] [link]

Recent high level visits within the region, notably between the Iranian and Saudi leadership with Iran having normalized relations with all Arab countries after they were strained since the Iran-Iraq war as well as Bush arriving in Saudi but largely failing in the region whether by begging or threatening, have underscored the importance of this development. [link] [link] [link] [link] [link] [link].

The event is of undoubted importance to the Anglo-American economy although not being reported in most western media, and can only speed on the inevitable collapse of the U.S. Dollar as particularly the Gulf countries and China holding immense dollar reserves appear destined to abandon the currency. [link] [link] [link] [link] [link] [link] [link] [link] [link]

The failure of the Gulf Arab states to bow to U.S. pressure to isolate Iran, the planned new oil bourse and it's threat to the hegemony of the U.S dollar, the U.S.-Zionist threats against Iran are all cited as probable causes of a possible cutting of the main Internet arteries to the entire Gulf region by U.S. submarines which are equipped and trained for such actions as part of information and cyber warfare. Days before the September 11, 2001 attacks, the U.S. closed down 500 Arab and Muslim websites including al-Jazeera, leading some to speculate that another event of major significance is being planned. [link] [link] [link] [link] [link] [link]

The U.S. Navy has for decades had special operations teams that go out on submarines and deploy undersea, on the seabed itself, specifically for cutting or tapping communications cables. The U.S. Navy divers go out through special airlocks and use very sophisticated equipment. This has all been thoroughly documented in the book, Blind Man's Bluff: The Untold Story of American Submarine Espionage, by Sherry Sontag and Christopher Drew (New York: Public Affairs, 1998).

The region has now been mostly patched up with connectivity however is now even more reliant upon another undersea cable to Britain and the USA. Iran was largely unaffected by the cuts in spite of initial rumors to the contrary, suffering an estimated 20% loss in Internet connectivity, whilst Saudi Arabia and the Gulf states were most severely affected and by extension the West of India and North East Africa. Israel, Iraq and Lebanon were the only countries between Egypt and India that were not affected at all as they have a different supply route for their optical fiber cable communications, fueling speculation that the cuts were deliberate. [link] [link] [link]
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