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Re: hdfatboy post# 54141

Wednesday, 02/01/2012 2:30:56 PM

Wednesday, February 01, 2012 2:30:56 PM

Post# of 101798
*See post #54048 it addresses the issue of the "GOLD FOR OIL" agreements. Although months ago it was known that China and others would be abandoning the US. Dollar as the currency of TRADE, on Sunday, India and Russia entered into agreement with Iran to use GOLD as the currency thus circumventing the Global Banking System whereby sanctions are controlled.
In December, US made it's move official against Iran with Sanctions, two main reasons being; the development of nuclear weapons and Iran's threat of closing oil shipping lanes, off-setting the stability of that region (nukes), and the world (oil).

EU officially joined this effort just last week, therefore Iran and it's main clients worked to create an optional mechanism by which it's oil market continues uninterrupted.
Main clients of this process are; India, China, Russia.
There are reasons for China buying gold in great quantities, this is one of them, unfortunately this also paves ($) the way for Iran's nuclear program/s.

Such bad news makes SNEY's future brighter.

. . . . . . (fins this week by no later than Thursday ????)

** ROCKETMAN, . . . . . .
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