They let Paul be in second place in Nevada. It's only a gimmick. The election is a manipulated one. Ron Paul is an unfavorable of the Inside Group. His loss is designated by a rigging election though he should have won the election if there was an honest voting system.

The Nevada case is a trick to cheat people.

1. A small state won't affect the general election. So they award you a second place to show it's "democratic". A second place means nothing in campaign.

2. It's a tactic to lure more money from people of grievance(to urge Paul's supporters continue to donate more money. That money finally will go to media's wallet.) to support its propaganda machine. After all, you won't win. So why not squeeze more money from you by increasing your confidence a little bit.

3. To show people that the election is fair. He is an unfavorable, he was still in second place. That proves our system is fair. But the reality is, Paul may be the leading candidate in Iowa, New Hampshire and other states. They(Feds) moved his votes to his rival's.

Turn a "change" current to "unchange" (1/30/08)

Demo and GOP are the two puppets of Feds in domestic. Bin Laden is the puppet abroad. All three are tools of the inside group.

Puppet Demo and puppet GOP competes to give more money and power to DOD and DOJ. Bush gave more, he gave Feds Patriot Act and warrantless evaesdropping and fat budget and Mid-east wars, so he is awarded two terms of president. Puppet Bin Laden acted as a whip to hit the people. When people are hurt, they give up their civil rights and money and power to DOD and DOJ. That's why Bin Laden can never been captured. When government is (either GOP or Demo) authorized a police power or military fund, they need Bin Laden's Al Qaida to help to push it.

The leading candidates of two parties, John McCain and Hillary Clinton, were early prominent supporters of the Iraq War. When the mainstream public opinion is to change the status quo, these status quo remains unchange. So Bush's spirit will be succeeded by a new president. The three puppets show will go on in stage. And another war in Mid-east - Iran war, is at sight.

This is how the Inside group skillfully carry out their policy by a twisted election system.
This is a covert totalitarian country. They select president by rigged election. (They control the voting office by intelligence) and justify the result by fake poll. (They manipulate public opinion by media)

Attitude to the Constitution. (2/12/08)

Huckabee wants to change Constitution. Wants to eliminate civil rights to worship evangelical God?

Huckabee wants to change the Constitution.

"[Some of my opponents] do not want to change the Constitution, but I believe it's a lot easier to change the Constitution than it would be to change the word of the living God, and that's what we need to do is to amend the Constitution so it's in God's standards rather than try to change God's standards."

- Mike Huckabee, campaigning in Michigan last night. 1/14/08

http://forum.cygnus-study.com/showthread.php?t=10173

CLINTON WON'T COMMIT TO RENEW CONSTITUTION

Date: Thu Feb 7, 2008 6:17 pm ((PST))

The Nation - Illinois Senator Barack Obama has finally signed the American Freedom Pledge, joining his fellow Democratic presidential candidates in encouraging the restoration of basic Constitutional principles after the battering they have taken during the Bush-Cheney era.

All the Democrats, that is, except New York Senator Hillary Clinton.

The effort to get presidential contenders to sign on the American Freedom Pledge has been promoted by organizations ranging from the Center for Constitutional Rights to Human Rights Watch, MoveOn.org , Amnesty International USA, the Brennan Center for Justice, the Campaign to Defend the Constitution, the Electronic Frontier Foundation and True Majority.

The pledge is anything but radical. It simply asks candidates to affirm a statement that reads: "We are Americans, and in our America we do not torture, we do not imprison people without charge or legal remedy, we do not tap people's phones and emails without a court order, and above all we do not give any President unchecked power. I pledge to fight to protect and defend the Constitution from attack by any President."

The often embarrassingly cautious Obama campaign had been slow to sign on to the pledge. Earlier this week the American Freedom Campaign, which is promoting the pledge, revealed that New Mexico Governor Bill Richardson, Connecticut Senator Chris Dodd, Ohio Congressman Dennis
Kucinich and Alaska Senator Mike Gravel had signed the pledge, while former North Carolina Senator John Edwards and Delaware Senator Joe Biden had responded with supportive statements. After a release from the freedom campaign noted that Obama and Clinton had not committed to the Constitution, Obama's aides moved quickly.

Recognizing the value of distinguishing their candidate from Clinton, the front runner in most polls, they got Obama to sign the pledge.

The freedom campaign is promising to turn the heat up on Clinton and Republicans presidential contenders -- aside from Texas Congressman Ron Paul, who signed on to a similar American Freedom Agenda statement promoted by conservative defenders of the Constitution.
...........

The Next President Could Reverse Bush-Era Secrecy
http://www.fas.org/blog/secrecy/

The next President of the United States could single-handedly do what years of advocacy, investigation, legislation and litigation have yet to fully accomplish, namely to uncover the concealed record of the Bush Administration's two terms in office on everything from warrantless wiretapping to extraordinary rendition.

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

See "The next president should open up the Bush Administration's record" by Steven Aftergood, Nieman Watchdog, February 7:

http://www.niemanwatchdog.org/index.cfm

Old wine in new bottle (2/18/07)

Feds is using same technique they have used in Kerry-Bush 04 election? By first say Kerry leading over Bush a little bit. (media propaganda) Then award him a defeat with a close margin. (rigged election) do you believe that after Bush's notorious eight years rule, GOP candidate still get even with Demo?

They picked up Obama in Demo's campaign because he fits for a propaganda that Americans not ready for a black president? Consider media is only a tool of US ruling class and media now gets Obama a hot issue while the ruling class doesn't like Obama's policy.

A.P. tell you such a ridiculous poll that McCain is about even with Obama and Hillary. A propaganda for another Republican president?
Quote, "Obama narrowly leads McCain in AP poll
By ALAN FRAM and TREVOR TOMPSON, Associated Press Writers Mon Feb 11, 6:36 PM ET
WASHINGTON - Democrat Barack Obama would narrowly defeat Republican John McCain if they were matched today in the presidential election, while McCain and Hillary Rodham Clinton are running about even, according to new general-election sentiment since the Super Tuesday contests.

When she is paired against McCain in a general election matchup, she gets 46 percent to his 45 percent, a tie, according to the poll. Obama edges McCain, the Arizona senator, 48 percent to 42 percent in their pairing.

http://news.yahoo.com/s/ap/20080211/ap_on_el_pr/presidential_race_ap_poll

Bush says there is no recession.

The oil is over 100 dollars a barrel. The dollar value is dropping to the bottom. Housing market collapsed due to the sub-prime crisis. Either one of the above cases would have touched off a economic downturn and recession in normal time, let alone all of these troubles come together. Yet this government tell you "rest easy, we are not in recession." Of course, they control the media and the commanding organization. They can give you numbers to prove what they said are truth while you have no way to varify. What you can get is oil is above 100 dollars/barrel, gas at 3.39/gallon, milk at 3.99/bottle, gold at $970/once, and your wage stay unchange. With those numbers they can't cover up, they still convince you there is no recession.

The same swindler had stolen the president campaign by rigged election. The same swindler had spent your money for an unjust war with the justification of "WMD". They always lie to achieve their goals. To prevent the consumers' confidence dropping further more, they beat the drum to tell you rest easy. That's the trick how they rule.

Tame sheep say Maeee-------. What else can they do except to accept the wolf's announcement?

Old wine in new bottle (2/18/07)

Feds is using same technique they have used in Kerry-Bush 04 election? By first say Kerry leading over Bush a little bit. (media propaganda) Then award him a defeat with a close margin. (rigged election) do you believe that after Bush's yearule, GOP candidate still get even with Demo?

They picked up Obama in Demo's campaign because he fits for a propaganda that Americans not ready for a black president? Consider media is only a tool of US ruling class and media now gets Obama a hot issue while the ruling class doesn't like Obama's policy.

A.P. tell you such a ridiculous poll that McCain is about even with Obama and Hillary. A propaganda for another Republican president?

There is a lot of recession talk. And there will be one, some time.

However, "recession" has a strict definition of two consecutive quarters of negative growth in gross domestic product. That has not happened, thus we are not in a recession.

quote:

Originally posted by coldfuse:
There is a lot of recession talk. And there will be one, some time.

However, "recession" has a strict definition of two consecutive quarters of negative growth in gross domestic product. That has not happened, thus we are not in a recession.

Surely, you don't understand. Repeat: The same swindler had stolen the president campaign by rigged election. The same swindler had spent your money for an unjust war with the justification of "WMD". They always lie to achieve their goals. To prevent the consumers' confidence dropping further more, they beat the drum to tell you rest easy. That's the trick how they rule.

Have you ever told Bush that there is a strict difinition for WMD? You have a wrong person to explain you strict difinition theory. What I talked about is cheating.

-----------

Split Demo. (3/11/08)

When Obama carried a flag of victory by taking the primary in 10 states, Hillary Clinton's fate seemed to be decided. Yet, she recovered by winning the Ohio and Texas. I think it is the result of a rigged election. The voting machine and election office are controlled by Feds. They let out the result of the votes counting. To split the Demo is their tactic. So they help Hillary to keep on rival against Obama.

A split Demo will help Republican in final election.

Hillary and Obama have to spend their campaign fund in an internal competition. Either one wins out finally, the fund would have been exhausted already. At that time, the candidate of the Demo will face to a well prepared GOP candidate.

We can also see media, or some aids of the two camps try to provoke a conflict between Obama and Clinton by negative propaganda. They try to develop a big conflict to split the Demo. At that time the big benificiary will be GOP.
So Feds will go on manipulating the Demo primary to make it a close campaign till the very end .

Prepare the justification for a rigged election (3/24/08)

Bush was awarded the president of US in 2000. Even Clinton did a good job in his term. There was a historical surplus when Bill left the White House. Yet the Inside Group gave the seat to Bush. Because what they needed was a soulless puppet who willingly to satisfy citizens' lives for Mid-east war. (he activated false flag 911 attack)

Bush was awarded the President of US again in 2004. Because he was proved an obedient puppet. And the Group needed more war - war on Iran. Even he was known as a big swindler whom lied into Iraq war.

How could this happen? Because Feds controls election office. They rigged election to select any candidate who is their favorite. The rest work is left for media which issued fake poll to convince public the election was a fair one.

Of course, they need some justification. No matter how reluctant it was. One trick is to creat a spoiler.
In previous two election. That figure was Ralph Nader.

To comfort voters in a rigged election, Feds made each election a closed competition. You almost won, with only a little margin you failed. There was someone to blame - the spoiler - he took away the votes Demo needed.

For the third time, the old tactic will be used again. But is this trick too old to cheat public? I think of Ron Paul. Ron Paul might be another product of the Feds used to replace Ralph Nader. Only Bush is so notorious that when Paul has his policy to the public, there was a crazy wave for Ron Paul. Feds is frightened. So they go back to Nader.

I think so is because although there is a crazy movement for Paul, the media and election office did their best to oppress the movement. They try to limit it a small one as Nader's. Feds need a justification of rigged election but not a big one to threat the result. Also Ron Paul and his campaign aids never care for a real victory. When there was trace that the primary was rigged, Paul's team didn't seriously care. They know what their role is in this campaign. That finally makes this election another puppet show.

"]That finally makes this election another puppet show."

I liked Kukla, Fran, and Ollie better. Howdy Doody was right up there with them, though. (OK, OK, I know he was a marionette, but still...)

Bush, the worst president

The question is how could this worst president in US history be elected twice?

It is because this country is a covert totalitarian country. The system is controled by Feds. They selected president by rigged election, and justify it by fake poll of media.

Quote, "By Susan Page , USA TODAY

WASHINGTON - President Bush has set a record he'd presumably prefer to avoid: the highest disapproval rating of any president in the 70-year history of the Gallup Poll.

In a USA TODAY/Gallup Poll taken Friday through Sunday, 28% of Americans approve of the job Bush is doing; 69% disapprove. The approval rating matches the low point of his presidency, and the disapproval sets a new high for any president since Franklin Roosevelt.

The previous record of 67% was reached by Harry Truman in January 1952, when the United States was enmeshed in the Korean War.

http://www.usatoday.com/news/washington/2008-04-21-bushrating_N.htm?csp=34

Interesting you should mention Harry Truman. During his time as President, he was not very popular (as was told to me by people who was around during that era). But later on, when histrians look back on him, many considered Truman to good President who had to make some very tough decisions considering the hard choices he faced.

http://www.helium.com/knowledge/84740-the-legacy-of-harry-truman

There is no doubt several years after the Bush Presidency is long over, he will become more appreciated for the tough decisions he had to make. Jimmy Carter still solidly holds down the mantle as the worst President in history.

I am sorry you will disappoint because Truman facing real problem but Bush created problem. Several years later he may be prosecuted for treason. The collapse of WTC was so full of flaw, as long as the question exists, how can he quit from a profile of a perpetrator?

In January 2001, Bush took the office in a controversial election. In three months, Silverstein bought the lease of WTC. The WTC changed hands on 7/24/2001. Six weeks later, WTC was bombed. A hot potato in real estate market was demolished. The cost was paid by Insurance company. Bush got what he wanted: an excuse to start Mid-east war.

Quote, "Who Destroyed The WTC?
By D. Cassidy
5/27/2008

A Memorial to the millions of innocents who died and will die as a result of September 11, 2001.

"Toda y, America would be outraged if U.N. troops entered Los Angeles to restore order. Tomorrow they will be grateful. This is especially true if they were told that there were an outside threat from beyond, whether real or promulgated, that threatened our very existence."
Henry Kissinger, 1991.

"I can think of no faster way to unite the American people behind George W. Bush than a terrorist attack on an American target overseas."
Henry Kissinger, 2000.

"September Eleven was good for Israel" (Benjamin Netanyahu)

Do the following quotes from news reports on the internet, limn a cabal so evil, so dreadful that--"The individual is handicapped by coming face-to-face with a conspiracy so monstrous he cannot believe it exists."-- J. Edgar Hoover. And it rules Washington absolutely!

The Principals

Lewis Eisenberg, vice president of AIPAC and former Goldman Sachs partner, was Chairman of the Port Authority ("PA"), the Lessor. Larry Silverstein, New York developer an d friend of Netanyahu (every Sunday Netanyahu would call Silverstein) led the Silverstein Group, the
Lessee. (Italics added.)

In April 2001 Silverstein was informed he had lost his bid in the privatization of the World Trade Center ("WTC"). Then events took a surprising turn. The winner dropped out, leaving Silverstein and his partners, who had finished second, as the new winner.

The Lease

The lease was purchased by the Silverstein Group for $3.2 billion on July 24, 2001. Sil verstein put up $125 million, only $14 million his own money. The net lease covers four buildings at the World Trade Center, including the Twin Towers and the retail Mall. It may have been one of the most elaborate deals in the leasing history of New York City.

The speed with which this painstakingly complex deal was closed is notable. "There are a million items that need to be dealt with", said Marc Schauer, of NAI Lawrence, a leasing firm. The entire negotiation period--from sta rt to finish--lasted only a few [3] months, a relatively swift duration in the world of colossal lease transactions especially with a governmental entity. [This frantic rush to close [for possession] by some deadline was the principal cause of th elitigation to follow. Why the rush?]

The Property

Chairman Eisenberg said, "The Port Authority and the region both benefit from this transaction." PA Executive Director Neil Levin said, "It was this excellent record of managing the comp lex that now
allows the Port Authority to realize the enhanced value of the complex." Silverstein said. "We will be in control of a prized asset and we will seek to develop its potential, raising it to new heights." [Was that, "raising" or "ra zing"?]

But from an economic standpoint, the trade center -- subsidized since its inception -- has never functioned, nor was it intended to function, unprotected in the real estate marketplace. It would cost $800 million just to upgrade the e lectrical, electronic, and cooling systems.

And it was well-known that the WTC was an asbestos bombshell. Plans were made in 1989 to completely dismantle the WTC not only because of the asbestos problems but also the electrolytic corrosion pr oblems.Apparently, the plans were dropped because they were considered prohibitively expensive. The only reason the building was still standing on 9/11 was it was too costly to disassemble floor by floor.
There is a persistent report on the i nternet that either the state of New York or the EPA had ordered the dismantling of the WTC. And dismantling the WTC would not result in the recovery of insurance proceeds since it would not be a casualty.

Why would Silverstein, a knowledgeab le real estate developer, pay millions of dollars to get control of a building that was uneconomic, was an environmental basket case, and had serious corrosion problems? Many New York developers had gone bankrupt complying with mandated
renovations.

But all of Lucky Larry's problems disappeared on Sept. 11, 2001.
Silverstein filed TWO insurance claims for the maximum amount of the policy, based on two, in Silverstein's view, separate attacks. The total potential payout is $7.1 bn., more than enough to build a fabulous new complex and leave a hefty profit for the Silverstein Group, including Larry Silverstein himself. Lucky Larry would also miss his usual breakfast at the Windows on the World restaurant on the 107th flo or of the North Tower and survive that fateful day together with 3,999 of 4,000 Israelis who normally were in the WTC, a statistical anomaly of huge proportions).

The Insurance

......

Building No. 7

WTC 7 occupied a city block north of the WTC complex. Silverstein's estimated investment in WTC 7 was $386 million. FEMA concluded that the collapse of WTC 7 was a direct result of fires triggered by debris from the collapse of WTC Tower 1 which resulted in a payout of nearly $861 million or a profit of about $500 million to Silverstein.
Buildings a lot closer to the Twin Towers strangely remained upright.*

Silverstein stated in a PBS documentary that he and the FDNY decided to demolish WTC 7, late in the afternoon of Sept. 11, 2001. And the building quickly fell into its own basement. [How did the FDNY know that WTC 7 was prepared for demolition? Did Silverstein? This requires weeks of careful preparation by demolit ion experts.] Senator John Kerry stated that, WTC 7 was brought down as a result of a controlled demolition, directly contradicting FEMA. So WTC 7 was "pulled" by a controlled demolition, meaning that the FEMA version of what happened is false, casting serious doubt on the official story that terrorists of foreign origin destroyed the WTC as well as on the rest of the official account of 9/11 [and today disbelieved by most Americans and the rest of the world].

The OEM crisis cente r in WTC 7 has been identified on the internet as the control center for the pre-planned demolition of the WTC. The center and all of the evidence was destroyed when the 47-story tower was completely demolished. So, who decided to build the OEM crisis center in WTC 7? "Jerry Hauer recommended it as the prime site" Mr. Giuliani said. "It was largely on his recommendation that that site was selected."


The Attorneys

.........

Conclusio n

As anticipated by Kissinger, the destruction of the WTC and the loss
of thousands of lives resulted in the demolition of the American
Constitution; the American people did unite behind Bush and endors wars of aggression and genocide on the nations of the Middle East and the theft of their resources for the benefit of Israel. Now it comes out that the president actually practiced for 911 in advance and on that terrible day didn't know whether it was real or another practice session. And still noone in government or the 911 litigation even dares to suggest that the WTC was an "inside job" although the evidence is now almost overwhelming. Reportedly, even the National Institute for Standards and Technology has repudiated the "collapse initiation" theory of its 10,000 page report, "We are unable to provide a full explanation of the total collapse." Well, nearly everybody else on the planet can.

There is no Statute of Limitations on murder. There should be an inquiry by an international body, such as the International Criminal Court, to assess responsibility for this monstrous crime against humanity; ironically like the Nuremberg Trials brought by the zionist cabal against German officials.

*In the history of the world, no high rise steel buildings have ever collapsed from fire except the three Silverstein buildings on 9-11-01. Structural steel is not affected by fire. For example in 1991 eight floors in the middle of the high rise Meri dian Building in Philadelphia burned for 20 hours. According to the official fire report, "Beams and girders sagged and twisted -- some as much as three feet --under severe fire exposures. Despite this extraordinary exposure, the columns continued to support their loads without obvious damage." And stood for many years later.

Despite zionist efforts to confuse the two, Zionism is not a religion but a political conspiracy, centuries old. Zionism is Jewish like Nazism was Lutheran. You can read all about it in the Protocols. Many years ago,

George Washington called them "our greatest enemy."

Benjamin Franklin said, "They are vampires. If they are not excluded from the United States...they will rule and destroy us."

"The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson."
FDR letter to Colonel House, November 21st, 1933.

"We control America and th ey know it." Ariel Sharon

Welcome to the Goldene Medin, the New Khazar Empire (ceded by
Congress: 413-8)!

D. Cassidy
Memorial Day, 2008
http://boards.marihemp.com/boards/thd1x114890.shtml

Quote, "Kathy are you saying that Ron Paul is a trick for us to fall for??"

I believe so. The whole election is a puppet show unless you have a fair election system. That is to count the votes at the presence of the voters.

All the apples they give you are rotten. You have to pick up one that looks like not that rotten. Remember most Americans dislike the Iraq war. Yet they gave you Kerry and Clinton whom both voted for Iraq war power authorization Bill. Made you have no choice. That's why Obama can make a way in campaign. Even that victory is one after hard working.

But is Obama that good? I am afraid not. Let's watch how this puppet show going on.

1. The real reason of high oil price

No question the oil price is caused by speculators. Who are those speculators? The financial group which control US economy. They have to do so to avoid an economic collapse. The direct reason for the oil to jump from $90/barrel to $138 is because Iran abandons US dollars as oil trade currency. To block that petro-dollar going back to US, they have to raise the oil price. From this point of view, Iran war is unavoidable.

Here is an article I wrote two years ago.

437. Manipulate oil price (9/20/2006)

After Bush took the presidency, he created a huge budget deficit, and a huge trade deficit as well. The deficit will cause a big inflation. So Federal Reserve has to raise the interest rate to deal with it. In June 2006, the overnight interest rate was raised to 5.25%. The Federal 10 years treasury bill was 5.25% too. The 30 years fix mortgage rate reached its recent high: 6.93%. Although this rate is still low viewed from history, it touches off a down turn of the real estate market. Because the price of house is stretched too tight that a tiny increase of the mortgage rate will cause a big change.

Feds hold a large quantity of houses in my case, they tried their best to keep the property value. What we saw are: Federal Reserve stops its step to raise the interest rate. Oil price declined. The rate of bonds goes down. So does the mortgage rate. From June to September, the bench mark rate of Federal funds stays at 5.25%. The rate of 10 year treasury note drops to 4.73% from 5.25%. The 30 years mortgage rate is 6.44% now.

Today you only pay 4.73% interest rate for a ten years long term loan but have to pay 5.25% rate for an overnight loan. Does that mean there will be no inflation within ten years? Or even mean there is a deflation? With common sense you know it's impossible as long as the oil price doubled in one year. All these were done by Feds to protect their property value so you saw these strange phenomenon.

1. Oil price.
The result of a big trade deficit is that foreign countries hold a large amount of US dollar. When US has not enough goods or assets to exchange these dollars back, it has to think of a way to make these countries to keep the dollar instead of dumping it. One way is to push up the oil price.

A country which consumes one million barrel of oil a year has to keep 30 million dollars in bank (when oil price is at 30 dollars/ barrel) Then how much should it reserve if the oil price jumped from 30/barrel to 60/barrel? It has to double its dollar reserve to 60 millions. So large amount of dollars were locked up in bank as oil payment (Dollar is the appointed currency in oil trading.)

Now you know why the oil price jumped so high. It is used to solve the deficit problem of US. To delay the US financial crisis. Who benefit from it?
(1) Oil export country.(Though much of them are Islamic countries which US dislike. There is no choice.)
(2) Speculator (mostly oil groups). They bought in large quantity of future contracts in a short period. Say, from 30/bar to 60/bar, the average price paid was 45/bar. Then when the market was steady at 60/bar to 75/bar, they sold it at average of 67.5/bar. Their profit is 22.5/bar.
(3) Federal Reserve and US economy. Federal Reserve can avoid to pay a high interest rate in order to lure the dollar in. US can avoid a financial crises.

The loser is always the average people. They have to take the final cost - a higher gas price.

But it's a double side sword. High oil price will also cause inflation to force the rising of interest rate. When it endangers real estate market, then we saw a dramatic decline of oil price. (from 75/bar/Aug 3 to 60/bar/Sept 19, a 20% decline in 6 weeks.) After all, the interest of Feds, is above everything else.

To keep in mind that when the oil price went up this year, it's not that oil supply was in shortage. And when the oil price drops recently, it's not that there is less demand. It's not a market economy any more. It's an artificial manipulating market.

Greenspan knew it. But he could only say what he was allowed to say.
Quote, "The former Fed chief also detailed how investors, rather than users of oil, have come to set the price of oil through purchasing futures contracts."

2. How US takes advantage on Petro-dollars? It is a long term loan without interest.

US printed some paper in green, call it dollar. US buys clothes, shoes from other countries with dollars. Other countries then buy food, planes from US with the dollars they earned. That's normal trade. But petrol dollar is different. When US pay dollar for some merchandise from other country, the other country use it as payment in oil trading. Since oil trading needs large amount of money, and dollar is apointed as trading money, huge amount of money are reserved in bank for oil trading. That is petro-dollar. That's how US turns a piece of paper into a long term non interest loan bill.

It is just like US bought a house from Japan for one million dollars. Japan keeps that money in bank as payment for oil. Normally, US has to pay monthly mortgage for that house. But with petro dollar, US enjoys a house almost free. All its cost is the printing of green paper. US doesn't have to pay a penny of interest, as long as the principle. How long is that long term loan? As long as the dollar is appointed oil trading currency.

But now is different, Iran refuses to accept dollars. Japan has to change it into other currency. Theoretically, US has to take it back by merchandise. But US can't. It has a trade dificit already. US also has no enough gold or foreign currency reserve to exchange the petro- dollar back. What it does is to push up the oil price - let other countries to absorb the petro-dollar Japan dumped in the market.

US is a rich country. Partly because it enjoys a long term non interest loan. As oil trading is a big business, what a huge amount of money is locked in it? Or in another word, what a big debt US has had? Since US spent too much and hasn't save something, when others want it to pay the debt, a trick to avoid payment is to push up the oil price. And the next step, as we all see, is to justify an excuse to have a war on Iran.

3. The main reason is not supply and demand.

It's US manipulating the oil price by oil reserve and future contract.

(1) Quote, "The former Fed chief also detailed how investors, rather than users of oil, have come to set the price of oil through purchasing futures contracts." Though Greespan use "investors" instead of "speculators".

(2) From supply side:

08-03-05. OPEC to maintain current production; blames US for economic ’mismanagement’
Published: Wednesday, March 5, 2008 | 3:03 PM ET
Canadian Press: William Kole, THE ASSOCIATED PRESS

OPEC President Chakib Khelil told reporters the global market is being affected by what he called "the mismanagement of the U.S. economy," and that America's problems were a key factor in the cartel's decision to hold off on any action.

"If the prices are high, definitely they are not due to a lack of crude. They are due to what's happening in the U.S.," Khelil said. "There is sufficient supply. There's plenty of oil there."

Though Khelil uses "US economy" instead of "speculators".

(3) From demand side:

Quote, "Shell CEO says record oil not due to shortage
Thu May 22, 2008 5:24pm BST
http://uk.reuters.com/article/oilRpt/idUKL2232289720080522

(4) What US Senate Committee found:

Quote, "The real reason why oil prices are rising

June 02, 2008
...........

The finding of US Senate Committee in 2006
In June 2006, when the oil price in the futures markets was about $60 a barrel, a Senate Committee in the US probed the role of market speculation in oil and gas prices. The report points out that large purchase of crude oil futures contracts by speculators has, in effect, created additional demand for oil and in the process driven up the future prices of oil.......

The report further estimated that speculative purchases of oil futures had added as much as $20-25 per barrel to the then prevailing price of $60 per barrel. In today's prices of approximately $130 per barrel, this means that approximately $100 per barrel could be attributed to speculation!...

*What is interesting to note is that the US strategic oil reserves were at approximately 350 million barrels for a decade till 2006. However, for the past year and a half these reserves have doubled to more than 700 million barrels. Naturally, this build-up of strategic oil reserves by the US (of 350 million barrels) is adding enormous pressure on the oil demand and consequently its prices.

http://www.rediff.com/money/2008/jun/02mrv.htm

4. Oil price goes up when Iran abandon Dollar
as its oil trade currency. Time table:

(1) (Intention period)

In the end of 2006 and early 2007, the oil price was about $60/barrel. When Iran expressed its intention to use the euro for foreign transactions.

It was about $70/barrel in early July/07. In six months, it rose 10 dollars per barrel.
06-12-18. Iran scraps Dollar, takes on Euro
Mon. 18 Dec 2006
Iran Focus

Tehran, Iran, Dec. 18 - Iran's central bank will begin to use the euro for foreign transactions, replacing the long-established dollar system, government spokesman Gholam-Hossein Elham told reporters during his weekly press conference on Monday.

http://www.iranfocus.com/modules/news/article.php?storyid=9533

(2) Practising period.

From early July 2007 to the end of January 2008, in seven months, oil price rose from $60/barrel to $95/barrel. In this period, Iran completed its oil trading from dollar to foreign currency.
Quote, " Iran wants yen

July 13/2007 (Bloomberg) -- Iran asked Japanese refiners to switch to the yen to pay for all crude oil purchases, after Iran's central bank said it is reducing holdings of the U.S. dollar."

(3) Expand to future deal.

Early February 2008 to 7/4/2008, oil price was pushed up from $95 to $147 a barrel. That's a $50 dollars inflation in five months. Why I start this period from Februry 2008? Because Iran's Bourse innaugurated on Feb.17. When the oil customers of Iran have to buy the future contract by reserving more foreign currency in the bank, US has to push up the price, let other OPEC customers absorb the Petro-dollars dumped by Iran customers.

Quote, "Iran Oil Bourse to deal blow to dollar
Fri, 04 Jan 2008

The long-awaited Iranian Oil Bourse, a place for trading oil, petrochemicals and gas in various non-dollar currencies, will soon open.

Iran's Finance Minister Davoud Danesh-Jafari told reporters the bourse will be inaugurated during the anniversary of the Islamic Revolution (February 1-11) at the latest.

Some expert opinions hold inauguration of the bourse cold significantly devalue the greenback.

http://www.presstv.com/detail.aspx?id=37468§ionid=351020103

08-03-01. Iran shifts oil sales away from dollar
Sat, 01 Mar 2008

Deputy head of the National Iranian Oil Company for international affairs says Iran has completely dropped dollar in its oil sales.
In an interview with The Financial Times, Hojjatollah Ghanimifard said that over the past three months, Iran has received 75 percent of the proceeds from its oil sales in euros and the remaining 25 percent in the Japanese currency, yen.

http://www.presstv.ir/detail.aspx?id=45397§ionid=351020102

High oil price (5) (7/29/08)

In Oil (4)