5th undersea cable cut!

[Joshua Zeidner]

On 2/7/08, keith smith <klsmith2020 at yahoo.com> wrote:
>
>
> A weaker dollar is not always a bad thing.  With a weaker dollar our goods
> and services are more globally affordable.

  actually for folks like us a weak dollar is the greatest news we can
get.  Weak Dollar = outsourcing no longer financially viable.  Also,
all companies commited to platforms and organizations tied into
outsourcing, specifically in India : costs++; .  Generally as the
dollar weakens, companies will look more and more towards extremely
cheap and cost effective platforms = LINUX + OSS.

  http://tinyurl.com/2r6pwf

  in general I think the financial situation is far worse than the MSM
makes it out to be.  But Britany Spears' condition appears to be
improving, and according to NBC, MSFT is poised for growth until 3012
A.D.

  re. cut cables: I don't think that they would do this to effect the
oil trade in the long term.  It seems to be more of a short term
tactical move of some sort, which to me is cause for alarm.

  -jmz




>
> Interesting twist wouldn't you say?
>
>
>
> Joshua Zeidner <jjzeidner at gmail.com> wrote:
> On 2/7/08, Joshua Zeidner wrote:
>
> > On 2/7/08, Charles Jones wrote:
> > > I've read most of the conspiracy theories regarding why anyone would
> > > want to take Iran off the net. The one that makes the most sense i,s
> > > that it was done to delay the opening of the "Iran Oil Bourse", which
> > > was due to open between Feb 1-11. What is the Bourse? (see
> > > http://en.wikipedia.org/wiki/Iranian_Oil_Bourse)
> Basically a trading
> > > market where Iran will sell their oil, petrochemicals, and gas. Why
> > > would we want to stop that? Because they are not allowing US dollars to
> > > be traded, effectively banning the US from their market, which would
> > > have major impact on the value of the dollar.
> > >
> > >
> http://www.presstv.ir/detail.aspx?id=37468&sectionid=351020103
> > >
> > > Interestingly, I also found an article (
> > > http://www.energybulletin.net/12125.html ) that was
> published over two
> > > years ago. The article was about the then "proposed" Iranian Oil Bourse,
> > > and how it was deemed to be a serious danger to the Amercian financial
> > > market and economy. The article goes on to predict what would happen if
> > > the Bourse actually came online. The *first* in the list of predicted
> > > possible actions is:
> > >
> > > "Sabotaging the Exchange—this could be a computer virus, network,
> > > communications, or server attack, various server security breaches, or a
> > > 9-11-type attack on main and backup facilities."
> > >
> > > Hmmm isn't this exactly what we are seeing? ... and right before the
> > > Iranian Oil Bourse is due to go online...coincidence?
> >
> > hold on... when was the oil bourse due to go online? link?
> >
> > -jmz
>
> Charles,
>
> sorry, just followed that link- lll never post before my morning coffee
> again!
>
> "Because they are not allowing US dollars to be traded, effectively
> banning the US from their market" . It doesnt quite work to ban the
> US from the market, but does have the effect of reducing the value of
> the dollar. Theres no reason why the US can't purchase Euros and then
> buy oil with them, but then we are effectively reducing our position
> relative to the EU, because we can't just print money and buy oil with
> it. The bourse issue has been an ongoing one for some time, for
> instance Saddam Hussein was going to denominate oil in Euros at some
> point that according to some people was the main instigator in one of
> our military exploits in Iraq.
>
> -jmz
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