Sunday 20 May 2018

EU DUMPS THE DOLLAR


Make no mistake about it, the EU is an evil, transnational organisation run by rootless elites who are destroying their own people. But it is an evil, transnational organisation that sees itself as a distinct and competing power centre to the USA -- another evil, transnational organisation run by rootless elites who are destroying their own people.

Because of this, one evil, transnational organisation, namely the EU, has decided not to use the currency of the other, namely the USA, to pay for oil from Iran. This could be the start of an interesting trend: 
The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source told RIA Novosti. Brussels has been at odds with Washington over the US withdrawal from the Iran nuclear deal, which was reached during the administration of Barack Obama. President Donald Trump has pledged to re-impose sanctions against the Islamic Republic.

"I’m privy to the information that the EU is going to shift from dollar to euro to pay for crude from Iran," the source told the agency.

Earlier this week, EU foreign policy chief Federica Mogherini said that the foreign ministers of the UK, France, Germany, and Iran had agreed to work out practical solutions in response to Washington’s move in the next few weeks. The bloc is reportedly planning to maintain and deepen economic ties with Iran, including in the area of oil and gas supplies.
The US has forced the pace on this change, with a foreign policy that is totally subservient to the state of Israel. As a consequence of this, instead of a relatively united evil, transnational global elite, we have two evil, transnational global elites opposing and weakening each other.

On balance this is a pretty good thing. After all, they may both be too busy and distracted to concentrate on destroying their own peoples. Also this might create opportunities for less evil, less rootless, and less transnational forces to rise up both in the EU and the US, as well as the wider World.

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