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In July, the National Iranian Oil Company (NIOC) made an official request to customers in Japan, which imports more than 300,000 barrels per day (bpd) of Iranian crude, to pay in yen.

"Nippon Oil is not the only Japanese refinery which has replaced dollar with yen, but also there are some other refineries that have started this replacement," Khatibi said.

"Others called for one or two months to do that."

HAHAHA! I'll bet King George is throwing a hissy fit. Not only is Iran making more money from the higher price of oil, they're not having to take in soon-to-be-worthless dollars AND it is Bush's BFFs in Japan who are doing it.

Oil is king, not Boy George. The Japanese will gladly sell their grandmothers for better oil deals.

D. F. Facti

"Carlyle extended a one-year loan at 10% interest to help Carlyle Capital Corp., based in Guernsey, off the coast of France, meet lender demands for additional funds. Many Carlyle partners, including co-founders David Rubenstein, Daniel D'Aniello and William Conway, collectively own a minority stake in the mortgage fund."

off the coast of France ...


The bourgeoisie class will make a comeback big time. Unless you think that government licensing of economic activities will be withdrawn. You’ve got the most litigious society on the planet, do you think your government will overlook licensing requirements for plumbers, electricians, engineers and (oh boy) environmental remediation? Wait till Fiberglass falls in the same hazard category as asbestos, yikes.

Send in the SWAT team we’ve got a neighbor reporting an unlicensed water heater install!

Hmm, what’s going to happen to all those highly skilled Semi Truck drivers delivering Chinese made Barbie’s? Elbow into the bourgeoisie or straight to the soup line? Better learn how to haul cement… and like it.

Elaine Meinel Supkis

Yeah, Facti, off the coast of France...but owned by the damn Queen of England. Hundreds of years of wars are behind all this. They still duel over this issue.


This has got to be your most alarming article yet, as for me personally. I could not survive a resetting of my mortgage interest rate by force. It would send me and my family out into the street.

To think this will happen to those who did not abuse the system instead of those who did is chilling. It is like there is no escape from the idiocy of your neighbor.

Elaine Meinel Supkis

I hope this doesn't happen, either! But if we go to war while irritating our trade partners who sell us energy, what else will happen?

The US has evicted much of New Orleans with virtually no backlash. They let over a thousand people die and didn't even bother with a body count and they are building on top of the ground remains of the dead office workers and police and fire department employees at Ground Zero and they don't care about THAT.

We must learn from the monks in Burma.

Forex Tracer

Thanks for the post mate.

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