NightBlogger

27 October 2004
The Iranians are about to commit an “offense” far greater than Saddam Hussein’s conversion to the euro of Iraq’s oil exports in the fall of 2000. Numerous articles have revealed Pentagon planning for operations against Iran as early as 2005. While the publicly stated reasons will be over Iran’s nuclear ambitions, there are unspoken macroeconomic drivers explaining the Real Reasons regarding the 2nd stage of petrodollar warfare - Iran’s upcoming euro-based oil Bourse.

In 2005-2006, The Tehran government has a developed a plan to begin competing with New York’s NYMEX and London’s IPE with respect to international oil trades - using a euro-denominated international oil-trading mechanism. This means that without some form of US intervention, the euro is going to establish a firm foothold in the international oil trade. Given U.S. debt levels and the stated neoconservative project for U.S. global domination, Tehran’s objective constitutes an obvious encroachment on U.S. dollar supremacy in the international oil market.

“Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes…known instruments for bringing the many under the domination of the few. . . No nation could preserve its freedom in the midst of continual warfare.” - James Madison, Political Observations, 1795

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Times Online
President George W Bush has told the Israeli government that he may be prepared to approve a future military strike on Iranian nuclear facilities if negotiations with Tehran break down, according to a senior Pentagon official. Despite the opposition of his own generals and widespread scepticism that America is ready to risk the military, political and economic consequences of an airborne strike on Iran, the president has given an “amber light” to an Israeli plan to attack Iran’s main nuclear sites with long-range bombing sorties, the official told The Sunday Times.

“Amber means get on with your preparations, stand by for immediate attack and tell us when you’re ready,” the official said. But the Israelis have also been told that they can expect no help from American forces and will not be able to use US military bases in Iraq for logistical support. Nor is it certain that Bush’s amber light would ever turn to green without irrefutable evidence of lethal Iranian hostility. Tehran’s test launches of medium-range ballistic missiles last week were seen in Washington as provocative and poorly judged, but both the Pentagon and the CIA concluded that they did not represent an immediate threat of attack against Israeli or US targets. More

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Kaveh L Afrasiabi
Asia Times
Iran wants to enter into “serious and targeted” negotiations with major nations on a wide range of issues, including nuclear energy, Tehran said in a new package of proposals. These were outlined in a letter from Iran’s Foreign Minister Manouchehr Mottaki to United Nations secretary general Ban Ki-moon. The “Proposed Package for Constructive Negotiations” included offers for talks on nuclear disarmament and the peaceful use of atomic technology.

Tehran also proposes creating “enrichment and nuclear fuel production consortiums in different parts of the world - including Iran” and calls for “improved supervision” by the International Atomic Energy Agency (IAEA). The package also seeks talks on worldwide economic, political and security issues, including cooperation to help Palestinians “find a comprehensive plan - one that is sustainable, democratic and fair”. Read more