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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: pogbull who wrote (4731)8/18/2002 11:14:28 AM
From: Jim Willie CB  Respond to of 89467
 
close now to my March-April prediction on PETRO$ conversion

I must have really bothered folks on Volt's Hayseed Porch
on about 10 occasions I predicted that OPEC petro-dollars would eventually see a currency conversion
they wanted to talk about raccoons, critters, battlebots
I wanted to talk about the dollar, endless recession, bear markets

I said oil money would eventually be demanded in Euros
OPEC simply would not tolerate currency translation discounts
they typically demand their petro-money payments in the major leading currency
this move would have a severe effect on the CRB energy complex
this move to Euros would lift the Euro currency by 3-5% instantly
and later, they might demand payment in gold

Iran is the first voice to speak out
next will be the Arabs
THIS IS HUGE
the pace of developments is alarming

did anyone notice my other prediction coming to pass ?
RUSSIA WILL BETRAY THE UNITED STATES VISAVIS THE ARABS
Putin announced a $5B energy trade pact with Saddam's Iraq

these predictions were eeeeeeeeeeasy nobrainers
/ jim