Iran just dumped Petro-Dollar. Euro to be the new currency to trade in

[scatterStorm]

Freedom is coming really soon to them, guys hide or take cover!

 

[Armand2REP]

I guess the RMB isn't good enough for Iran?

 

[nirranj]

RMB still has a long way to go. Euro gives advantage as it is the common currency for a common market economy that is as big as that of the USA.

 

[Suryavanshi]

.......................................................

 

[lcafanboy]

Good bye Iran......

Here's last salute from us..

US doesn't like nations messing with dollar. Any one trying to mess with dollar goes Saddam Hussein paid the price for it, china is tasting it and Iran will be blown away.

 

[Haldiram]

Freedom is coming really soon to them, guys hide or take cover!

They are already at war with the US in Syria. Thankfully, Russia is also involved so it wont be as easy as it was for the US to bump off Iraq.

Even India had pulled off a similar stunt a few years ago (during Obama administration) when Killary was trying to get India to sanction Iran and stop buying Iranian oil and India refused to join the sanctions so the US told their banking system to refuse payments flowing into Iran from Indian banks. In response, India offered to pay part in gold and part in Indian rupees. We are still waiting for our 'freedom' to arrive.

India Drops the Dollar and Pays for Iranian Oil in Gold

One should just pursue national interest like a fanatic. If it escalates to a war, let it. Iran is not Iraq. It has access to the ocean, it can severely hamper US trading activity in the region even before the first US soldier drops in.

 

[scatterStorm]

They are already at war with the US in Syria. Thankfully, Russia is also involved so it wont be as easy as it was for the US to bump off Iraq.

Even India had pulled off a similar stunt a few years ago (during Obama administration) when Killary was trying to get India to sanction Iran and stop buying Iranian oil and India refused to join the sanctions so the US told their banking system to refuse payments flowing into Iran from Indian banks. In response, India offered to pay part in gold and part in Indian rupees. We are still waiting for our 'freedom' to arrive.

India Drops the Dollar and Pays for Iranian Oil in Gold

One should just pursue national interest like a fanatic. If it escalates to a war, let it. Iran is not Iraq. It has access to the ocean, it can severely hamper US trading activity in the region even before the first US soldier drops in.

If we are paying in gold, looks like they weren't joking, they really dumped petro-dollar. :biggrin2:
Russian, Chinese, Pakistan and Iran alliance forming. I made few thousand rupees in commodity trading. Anticipated the oil prices to move up!

 

[Asif Khan Janjua]

Good bye Iran......

Here's last salute from us..

US doesn't like nations messing with dollar. Any one trying to mess with dollar goes Saddam Hussein paid the price for it, china is tasting it and Iran will be blown away.

We are woth Iran. And if they need our help we eoll protect them.

AS long as Allah(swt) os here inshallah we will protect each other.

 

[Kalki_2018]

LoL a porki piglet will stand with Iran?? What a joke!! The arab rental piglets will be wondering if they can whore themselves out again and collect some aid. Have the porkis decided on the IP pipeline yet??

 

[Haldiram]

If we are paying in gold, looks like they weren't joking, they really dumped petro-dollar. :biggrin2:
Russian, Chinese, Pakistan and Iran alliance forming. I made few thousand rupees in commodity trading. Anticipated the oil prices to move up!

We are paying in gold and Indian rupees. They had given us a longterm low-interest loan (to defer the payments until sanctions were over). When the Iran sanctions were lifted after the nuclear deal, India started paying off the installments in rupees. This opens us up for foul play by the US which will try to devalue the rupee through other trade means, in order to make the operation costly for us. They invaded Iraq for switching to Euro and the Euro's value tumbled by a big margin.

Iran, India to settle outstanding crude oil dues in rupees

 

[lcafanboy]

We are woth Iran. And if they need our help we eoll protect them.

AS long as Allah(swt) os here inshallah we will protect each other.

Remember my words, not only Iran but even porkistan is on the US radar.

Why?

Well, would you allow your mistress bitch to sleep with another person.? NO. Right?

Porkistan is now sleeping with lizard China and next big mistake porkistan has done is giving Gwadar port to China which is situated on gulf of Aman from where world's 70% crude oil passes. Do you think this has gone down well with uncle? Get ready to die. Actually before Iran, porkistan will be finished with the help of India. Wait and watch how the game unfolds.....

 

[scatterStorm]

We are paying in gold and Indian rupees. They had given us a longterm low-interest loan (to defer the payments until sanctions were over). When the Iran sanctions were lifted after the nuclear deal, India started paying off the installments in rupees. This opens us up for foul play by the US which will try to devalue the rupee through other trade means, in order to make the operation costly for us. They invaded Iraq for switching to Euro and the Euro's value tumbled by a big margin.

Iran, India to settle outstanding crude oil dues in rupees

Woah, rightly said, gold is ok, but Rupee is still vulnerable. I hope we pay our dues as fast as possible. Meanwhile IMF showed there appreciation to our country having lowered down it's debts.
But IMF is again a puppet of elites. So we better not fall into traps.

 

[scatterStorm]

Remember my words, not only Iran but even porkistan is on the US radar.

Why?

Well, would you allow your mistress bitch to sleep with another person.? NO. Right?

Porkistan is now sleeping with lizard China and next big mistake porkistan has done is giving Gwadar port to China which is situated on gulf of Aman from where world's 70% crude oil passes. Do you think this has gone down well with uncle? Get ready to die. Actually before Iran, porkistan will be finished with the help of India. Wait and watch how the game unfolds.....

Not that fast mate, I think Islamic nations within last few decades are attempting to form there own coalition, except few who you are also aware of like Saudi Arabia, Turkey. They are thinking to bring a trading currency of there own just like based on EURO model. Right now, gold or euro is fine for them, but we might see a new form of currency (high possibility of block chain based) used for trades within Islamic nations. Or a trade model based on Singapore and Malaysia.

 

[Suryavanshi]

For all the shit that Iran gets I actually don't want it to fall.
Reason : if Iran falls A wahhabi nation like Saudi Arabia will take over which is not good for us. Currently a good portion of the SA budget goes to fend off Iranian influence guess where these funds will be directed once Iran is out of the way.

 

[no smoking]

Well, would you allow your mistress bitch to sleep with another person.? NO. Right?

Unfortunately, the strategic value of Pakistan is and always will be: keep India in check, now add on Iran. The best thing can happen to you is: someone else will pay the bill.

Porkistan is now sleeping with lizard China and next big mistake porkistan has done is giving Gwadar port to China which is situated on gulf of Aman from where world's 70% crude oil passes. Do you think this has gone down well with uncle?

The fact is this has gone down SO WELL with uncle that they start to reduce their forces in IOR. One Chinese ship moving to IOR means one more Chinese ship against India navy and one less Chinese against them in west Pacific.

Get ready to die. Actually before Iran, porkistan will be finished with the help of India. Wait and watch how the game unfolds.....

Then you have to wait a long long time.

 

[indus]

Unfortunately, the strategic value of Pakistan is and always will be: keep India in check, now add on Iran. The best thing can happen to you is: someone else will pay the bill.

The fact is this has gone down SO WELL with uncle that they start to reduce their forces in IOR. One Chinese ship moving to IOR means one more Chinese ship against India navy and one less Chinese against them in west Pacific.


Then you have to wait a long long time.

Pakistan has no capability to keep India in check. They are living on alms from China n Saudi or US for the remaining time. Economy or millitary wise Pak is no match for India that s why they resort to terrorist proxies in needling India. Infact our millitary planning is getting focussed more on China. Subs, Rafales, infra push in NE, Ex Gaganshakti etc there are enough signals that Pak has been taken care off and the strategic game is being set to counter China.
Secondly US is not going to leave SCS/ IndoChina sea to China. US, India, Australia n Japan will keep China in check there. As for Iran Trump will very likely pull out from the nuclear deal. This is Iran s hedging risk against US. Dumping petro dollar means their economy wont be affected in case US puts Iran on sanctions. Russians will keep the money flowing.

 

[Flame Thrower]

Not that fast mate, I think Islamic nations within last few decades are attempting to form there own coalition, except few who you are also aware of like Saudi Arabia, Turkey. They are thinking to bring a trading currency of there own just like based on EURO model. Right now, gold or euro is fine for them, but we might see a new form of currency (high possibility of block chain based) used for trades within Islamic nations. Or a trade model based on Singapore and Malaysia.

As long as KSA doesn't get authority their alliance will not be strong, at least not strong to form their own currency. Uncle SAM will make sure that KSA is the alpha. Plans in Yemen went sour, Turkey is not playing along, Kurds card was stupid idea by US which has increased Turkey's resistance.

The way I see it, OPEC has 10-15 yrs at max, there is no way they will be united in such short span.

 

[lcafanboy]

Unfortunately, the strategic value of Pakistan is and always will be: keep India in check, now add on Iran. The best thing can happen to you is: someone else will pay the bill.



The fact is this has gone down SO WELL with uncle that they start to reduce their forces in IOR. One Chinese ship moving to IOR means one more Chinese ship against India navy and one less Chinese against them in west Pacific.



Then you have to wait a long long time.

US Navy moving out chinese ship coming in. He he he he..LOL

Nice Dream, keep in on dreaming....no one can stop it it's free. But reality bites.

Just look around in middle east how many countries have been turned into ruble... Iran and porkistan are next.. unfortunately it's right next to our border and we could have muzzie refugee problem which we don't want.... We want these pigs to stay where they are and get killed....

 

[scatterStorm]

As long as KSA doesn't get authority their alliance will not be strong, at least not strong to form their own currency. Uncle SAM will make sure that KSA is the alpha. Plans in Yemen went sour, Turkey is not playing along, Kurds card was stupid idea by US which has increased Turkey's resistance.

The way I see it, OPEC has 10-15 yrs at max, there is no way they will be united in such short span.

We never know, a full fledged war can bring countries together. Besides these countries are Islamic nations, whom we are kidding, any move towards Iran, and we will see the whole world burning. A simple spark to ignite the flames of war.

Meanwhile Russian pipelines are to be constructed or are being constructed, and they are supposed to go from Syria or Iran. This could get real messy if US strike'd Iran. The coalition of Russia, Syria, Iran, Yemen, Pakistan & China is taking it's shape as well.

 

[Haldiram]

Woah, rightly said, gold is ok, but Rupee is still vulnerable. I hope we pay our dues as fast as possible. Meanwhile IMF showed there appreciation to our country having lowered down it's debts.
But IMF is again a puppet of elites. So we better not fall into traps.

For an investor the rupee will continue to be a risky choice, regardless of how well our economy does. If you remember, Japan purposely devalued their own currency to make exports lucrative for foreign companies. India is going the same path with the push towards FDI/manufacturing/export based economy. It's not bad news for Indian citizens, but Indian investors who are holding Indian currency in their bank accounts will be worst hit. Either move the money to equity and become a part of the India growth story, or the money will be wiped out by currency inflation in the next 10 years if you keep it in the bank account. Don't hold too much fiat currency.

In the last 7 years alone, USD/INR has slipped from 45 to 65, which is huge. It's a devaluation of 45%. Can you digest the halving of your entire lifetime corpus being halved in under a decade? If you compare an American citizen with 100k USD vs an Indian with 45L rupees in 2010, they were at parity. Fast forward 7 years and the latter would be half as rich as the American for no mistake of his own.

This downward trend of the rupee will continue because the government favors it. A devalued currency makes loan repayments cheaper for the country. The gormint is using fuel price inflation to pay off our fiscal deficit, and currency inflation to pay off our oil bills. Keeping money in the bank is a sin. If you hold fiat currency, just convert it into commodities or equity, or real estate.