Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (46505)	2/15/2006 3:11:54 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

"As Newt Gingrich declared on Fox News in late January, the matter is so urgent that the attack must happen within the next few months. “According to Gingrich, Iran not only cannot be trusted with nuclear technology, but also Iranians ‘cannot be trusted with their oil’” (Roberts). What does that have to do with pricing unit? I never denied one of the reason we are in this region is oil. The fact remains that planning for the war in Iraq too place in 1998. There was no oil bourse then or any talk of it. For that matter, in 1999 oil was something like $10. Even when we did invade Iraq oil was $25 or so. So the idea that we invaded Iraq (a war planned since 1998 by the project for a new century) over a bourse is just plain fantasy. As for now... 1% of US trade is with the mideast in oil. While oil is vital, we sure as F are NOT going to war over the pricing unit of 1% of our trade. we import more oil from Mexico and Canada than from the ME We get 30MB from venezuela and they keep no US$ assets. This pricing unit stuff is just plain silly.