Rudo de Ruijter – Netherlands

Linked with Mathaba News Network, with Cost, abuse and danger of the dollar, with US-Iran: Raid on nuclear fuel market, and with Pipeline projects through Afghanistan.

He writes: Excerpt: … How Can The Dollar Collapse In Iran? – The advent of the new euro-denominated Iranian Oil Bourse will cause the collapse of the US dollar, says Ruijter, and is far more significant to the US than any Iranian nuclear threat. For decades, the US has imported more than it exports. It manages to do so because oil is sold exclusively in US dollars, creating a permanent demand for the currency. The cycle goes like this: US dollars go from the exchange market to oil-producing countries via oil-buying countries, which then spend their dollars in different global markets, thus bringing dollars back to the exchange market. Over time, foreigners require more and more US dollars as prices rise and more oil is consumed. The US Treasury prints the dollars and spends them abroad, but never has to deliver anything in return. For the US, the oil trade works like a credit card with no limit. Saddam Hussein tried switching to oil for euros in November 2000, and a plunging US dollar was the result. The US eventually invaded Iraq in March 2003, and in June 2003 the oil trade reverted to US dollars, halting – not reversing – the US dollar’s descent. Iran, however, opens its Oil Bourse in March 2006 and the US dollar will once again be vulnerable. The Bourse will not only reduce the power of IPE and NYMEX, but also influence the exchange rate between US dollars and euros. Declaring war against Iran won’t solve the problem, writes Ruijter. While such a move may prevent Iran from selling oil for euros and force the world to buy with US dollars once again, it would only be a matter of time before another non-US-dollar oil bourse (or several) would be established. A war or an embargo may buy some time for the US, but at a very high price. (full long text).

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Sorry, I can not get any photo, nor a biography of Rudo de Ruijter, Netherlands, but there is a big amount of his research-articles.

He writes: Excerpt: … Dictator: A few days later, on December 18, speaking at the Capitol, Bush joked about his starting relationship with the four congressional leaders: “If this were a dictatorship, it would be a heck of a lot easier….just so long as I’m the dictator.”

Just a slip of the tongue? Not really. In July 1998, about governing Texas, he said already: “A dictatorship would be a lot easier.” And on July 26, 2001, speaking once again about his struggles with Congress he repeated: “a dictatorship would be a heck of a lot easier.” Well, for the ambitious plans of the neoconservatives, the US Congress was a major hurdle to take. The budget of the military had shrunk by 40 percent after the Cold War and with the wars they had in mind they would need substantially more budget. How would they get the budget they wanted? If the US would be attacked, there would be no problem. They would receive all the budget and support they needed. But, as written in their document, without a new Pearl Harbor things would go slowly. When Bush started his presidency, many neoconservatives considered Iraq as the first target to hit. In their document of September 2000 they had named Iraq as a “potential rival” of the US. (full long text).

His writings on Blogs:

He writes: Excerpt: … 3. Bankrupt and still continuing: On Babylon Today you can see the current debt and you can see how much it grows each second… 45 % of it is to be paid back to foreign borrowers. The foreign debt is that high, that the US cannot pay back her debt anymore. The US is bankrupt. Nevertheless dollars are still traded normally. For the purchase of oil and gas they are still needed. And, misled by an apparently healthy exchange rate, the world trade continues to do its transactions in dollars. Business as usual? According to the usual logic of economics, a lower rate of the dollar should lead to more exports from the US and less imports by the US, as foreign importers can buy cheaper in the US then. However, as long as foreigners are mad enough to accept dollars, the US doesn’t find it a problem to issue some more of these green debt bills. Pay a bit more for Chinese socks and electronics from Japan? No problem. The US just increases het imports and foreign debt a bit harder. Paying more dollars for a product means inflation. And one percent of inflation means that at the same time the value of the tremendous foreign debt dereases with one percent. So the US has no interest at all in putting a break on its imports! In the oil trade, generally, a lowering dollar rate does have a logical consequence. Oil exporters will not accept a lower return. When the dollar falls with 10 percent, they will raise the oil price 10 percent, so the value remains the same. (full long text).

links:

Petrodollar Warfare;

Russia, China and India—Coalition to Offset U.S. International Dominance? February 23, 2007;

Summer Programme on International Affairs and Multilateral Governance;

The Theory of Everything;

When Bad is Good, What is Money anyway?

Recycling Petrodollars;

ViewZone.com;

News FollowUp.com.

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