Of Ghadafi, Israel,the US, Iran, Gold, Oil and China and India

War clouds are looming over the Middle East like never before. The EU and USA will start serious sanctions against Iran soon, Israel's Netanyahu and his extremists Government will be smiling from ear to ear. A war in Iran will probably spike Petroleum prices so high the world economy will be severely affected, the casualties will not only be those innocent civilians men, women and children in the Middle East killed by bullets and bombs but people all over the world will be affected financially and economically too.

I found this article through  http://www.veteranstoday.com by SARTRE dated 29 January 2012 which is worth sharing and I am reproducing it in full without permission, its a damned good write on the goings on in the Middle East especially with Iran:

Iran, Gold and Oil - The Next Banksters War

Remember the real reason why Muammar Gadhafi is dead. He dared to propose and started creating an alternative currency to the world reserve U.S. Dollar. The lesson learned in Libya is now ready for teaching in Iran. Forget all the noise about going nuclear, the true message is that the banksters rule and nation states serve their ultimate masters. The hype and disinformation that surrounds the push for war is best understood by examining the viewpoint of Iranian MP Kazem Jalali. The Tehran Times quotes him in saying, "The European Union must be aware that it can never compel the Islamic Republic to succumb to their will and undermine the Iranian nation’s determination to achieve glory and independence, access modern technologies, and safeguard its rights, through the intensification of the pressure." "The European Union is seeking to politicize the atmosphere ahead of nuclear talks with Iran and is aware that sanctions on Iran’s oil exports cannot be implemented since the world is not limited to a number of European countries" Many political commentators warn that an embargo is an act or war. Chris Floyd provides this observation of the recent oil embargo against Iran. "This week, the warlords of the West took yet another step toward their long-desired war against Iran. (Open war, that is; their covert war has been going on for decades -- via subversion, terrorism, and proxies like Saddam Hussein.) On Monday, the European Union obediently followed the dictates of its Washington masters by agreeing to impose an embargo on Iranian oil. The embargo bans all new oil contracts with Iran, and cuts off all existing deals after July. The embargo is accompanied by a freeze on all European assets of the Iranian central bank. In imposing these draconian measures on a country which is not at war with any nation, which has not invaded or attacked another nation in centuries, and which is developing a nuclear energy program that is not only entirely legal under international law but is also subject to the most stringent international inspection regime ever seen, the EU is "targeting the economic lifeline of the regime," as one of its diplomats put it, with admirable candor." The most important aspect of the Iranian response lies in the way that changes oil settlement for delivery and the futile effect of the US/Anglo/EU imperialist dictates have in the marketplace. Debkafile reports that India (and probably China) will pay for Iranian oil in gold. "India and China take about one million barrels per day, or 40 percent of Iran's total exports of 2.5 million bpd. Both are superpowers in terms of gold assets. By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank's assets and the oil embargo which the European Union's foreign ministers agreed to impose Monday, Jan. 23. The EU currently buys around 20 percent of Iran's oil exports. A more detailed analysis in Tehran Pushes to Ditch the US Dollar provided ample arguments that an embargo will fail. "Iran may be isolated from the United States and Western Europe, but Tehran still has some pretty staunch allies. Iran and Venezuela are advancing $4 billion worth of joint projects, including a bank. India has pledged to continue buying Iranian oil because Tehran has been a great business partner for New Delhi, which struggles to make its payments. Greece opposed the EU sanctions because Iran was one of very few suppliers that had been letting the bankrupt Greeks buy oil on credit. South Korea and Japan are pleading for exemptions from the coming embargoes because they rely on Iranian oil. Economic ties between Russia and Iran are getting stronger every year. Then there's China. Iran's energy resources are a matter of national security for China, as Iran already supplies no less than 15% of China's oil and natural gas. That makes Iran more important to China than Saudi Arabia is to the United States. Don't expect China to heed the US and EU sanctions much – China will find a way around the sanctions in order to protect two-way trade between the nations, which currently stands at $30 billion and is expected to hit $50 billion in 2015. In fact, China will probably gain from the US and EU sanctions on Iran, as it will be able to buy oil and gas from Iran at depressed prices." So why is the EU so determined to apply restrictions is answered in the video, Why does the EU join in sanctions against Iran? Now that is part of the reason but for the entire story, one needs to confront the contentions in the You Tube Israel pulling the strings for war with Iran. Where is gets so confusing for the casual observer is that any discussion that deems to be critical of Israel is a taboo discussion in polite company. Well, when it comes to addressing the impending prospects of a major conflict in the Middle East, the linkage between the deciding influences in American policy that coincide with a greater Israel objective, is silenced in the old-line press and media. Therefore, the key element to explore is the relationship of Zionist interests with the fundamental preservation of the paper currency imperium of Federal Reserve notes as the medium of payment for oil. Think about this equation in light of ultimate control. Oil is the fuel that runs the engine of all economies. Money is the medium of exchange that pays for the petroleum. War is the universal method used to avoid the breakdown of the money recycling system. In The Petro-Dollar and the EURO, the nature of this formula is probed. "War is always about achieving a political end. Even holy wars seek to impose a secular control over the vanquished. At the root of every political conflict, lies the MONEY component. On the scale of greed or fear, international discords can slide up or down. Depending on the circumstances or demands, governments rally domestic populations to accept their foreign interventionist goals. Claims of altruistic liberation are fictitious, when the rhetoric is stripped away and the real substance is exposed. Notwithstanding, variances of emphasis; the motive of money underpins the movements of all military confrontations." Who can deny that the interest of the Israeli state advances under the Petro-Dollar system for oil payment? The prospect of allowing an oil exporter to do business paid in gold disrupts the balances that maintain an uneasy political rapprochement. Even more threatening to the globalist monopoly is a defiant regime like the Islamic Republic playing by different rules that bypass central banking approval. It seems that the NeoCon Christian Zionists will never be happy until they institute a techno drone bombing campaign to shut off even more oil resources. With Iraqi and Libyan production in shambles, it is now time to eliminate the Iranian resource. Spiking oil to $200 or more through another foreign intervention just hikes the balance sheets of the oil traders and banking interests. There is no doubt that foreign aid to Israel will rise at even a higher amount. The bonus is that the gold hordes of Iran would become the spoils of war and conveniently find their way into the storage vaults of the banksters. This is a sweet game as long as there is a continuous supply of gung ho mercenaries to push the button of terror from the skies. Moreover, sending boots on the ground serve an even more profitable hellhole, the War Party can demand a much higher budget, floated with even more debt bought by China with the proceeds from the oil supply that are secured from the export of Canadian shale oil. Miraculously, this pattern builds an even larger, if not, greater empire. As long as new villains are found to master, the Iran’s of the world will become subjugated under the background music of God Bless America. What fools our fellow citizens became somewhere in the last century. Remember the John D. Rockefeller quote: "Competition is a sin", especially if IRAN is the player. Body bags are made from petroleum base material. In the height of irony, the oil wars are fought to secure the substance to form the burial cloth for disposable soldiers. If America really wants to stand behind the troops, their genuine duty is to prevent and oppose the next Middle East war. Iran is not an existential threat to the United States. Haaretz reports that former Mossad chief Meir Dagan said in a television interview, "If Israel attacks Iran, it will be dragged into a regional war". According to Dagan, Iran, Hezbollah and Hamas will respond with massive rocket attacks on Israel. In that scenario, Syria may join in the fray, Dagan said on the television program "Uvda". Dagan added that such a war would take a heavy toll in terms of loss of life and would paralyze life in Israel." An America First foreign policy cannot wage another banksters war. SARTRE – January 29, 2012 Discuss or comment about this essay on the BATR Forum “I say the war has already begun. There’s a lot of sabotage, there have been assassinations, strange things blowing up, rebellion. So there is enormous pressure being put on the Iranian regime from many directions” Jim Rickards Continue reading the full article here.