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29 April 2008
Attack on Iran "imminent," says Justin Raimundo
To my mind the notion of an American attack on Iran is ludicrous. The American army that occupies Iraq has been stretched to breaking point, and there is no sign that the Iraqis are about to accept their status as America's latest puppet state.

On the other hand, Justin Raimundo's latest offering has an inescapable element of logic to it, and I for one couldn't find many holes to pick in the argument.

I think that it all comes down to just how much hubris is left in the American system. They went into Iraq believing with total certainty that the country would fall into their arms with tears of joy running down every Iraqi's face.

Yes, well that was a big mistake, wasn't it? A mistake made all the clearer yesterday when the grave of Saddam Hussein became a place of mourning as hundreds of youngsters turned out to honour his memory.

Are the Americans ready to compound their first act of criminal stupidity with another one? Raimundo says yes.

Can you believe the stupidity of American Policy.

1. Iran has 10% of the global oil reserves. War means our petrol prices will double.
Can you afford that?
2. Putin told Iran last year to build up helicopters and defence ammunition.
3. The CIA said war with Iran was a High probability (not possibility) but probablity of going nuclear.
4. Iraq will be a walk in the part by comparision to Iran.

It the worse possible outcome for everyone.
The 2 conclusions are this.
1. America will go bankrupt. She's already broke, but fighting a nuclear war will not come cheap.
No country will finance her. She can't pay her creditors as it is, all the credit cards are being cut up. No one want's US Government Bonds.
2. Farewell Israel.

29 April 2008 at 09:18  

ALGIERS - OPEC President Chakib Khelil does not rule out oil prices reaching $200 a barrel, even though supply is adequate, because the market is driven by the dollar's slide, Algerian government newspaper El Moudjahid reported on Monday.

"Questioned about a possible rise which would go to $200, the minister did not rule out this eventuality, explaining that this rise is indexed from now on to the fall in the dollar or to the rise in the dollar," El Moudjahid reported.

"In terms of fundamentals, stocks are high, demand is easing, supply is satisfactory. Therefore normally, without geo-political problems and the fall of the dollar, the prices of oil would not be at this level," he was quoted as saying.

29 April 2008 at 10:48  

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