However, WorldFutures.info believes that the ‘triumvirate’ of nations against the US dollar are not alone in that battle. In June 2007 our website published an article on Osama Bin Laden’s (OBL) hidden economic war, a war against the US economic hegemony which targeted the Oil needs of the US and also the might of the US dollar.

The western world is shell shocked by the criticism against the US coming from the head of the Russian government, President Dmitry Medvedev who flatly spoke and loudly said what many are still afraid of saying: The US is selfish and this has led the world into its worst financial crisis since the Great Depression. On the onset, Medvedev offers a Russian option to the crisis, an option which the western world will surely look at with worrisome eyes.

Besides criticizing the US for its bad policies that has led the world to the brink of a huge and unprecedented financial crisis, Medvedev offered to push the Russian currency – the Rouble – as an option to the dwindling US dollar. This offer comes amid claims by a book published in China which says that Russia, Iran and Venezuela are in concoction to bring down the US dollar.

In the middle of the claims of the US mishandling of the world’s economy by Medvedev, Saudi Arabia leaped forward to state that it is unable to control the oil price hike, which its Petrol Minister says is ridiculous. The masks are also tumbling down in the petroleum world with refineries claiming the larger share of the oil profit and the windfall gains generated with the oil price rise are the groups that are responsible for oil drilling.

While the Russians are trying to tame the Americans with an unprecedented economic challenge, the Iranians are begging the Arabs and the Organization of Petroleum Exporting Countries (OPEC) to slow down production in order to create a shortage of oil production, thus causing further increase in the price of oil.

The Iranian potion is simple: The west has the greater need for the oil hence the producing nations should sell it at the right price, which if based on the demand and supply options, means a price that is fit for the rich nations of Europe, the Americans and Oceania (Australiasia). The Iranian argument is that oil should be sold at no lesser than US200 a barrel, which the Teheran think is the right price due to the various urgent needs of the western world for the most prized commodity on earth.

The world is now confronting a possible clash of interest that could lead to an arms race that will double the defense expenditures of Russia, China, India and even Iran in the wake of the lack of security which is the result of the poor aggressive and egoistic economic and foreign policies of the US in the past 8 years.

It is a first in history with Dmitry Medvedev delivering the most anti-American speech from a Russian president after the fall of the Wall of Berlin. Medvedev is in his first month in the presidency after succeeding President Vladimir Putin. Medvedev won the Presidential elections with a huge majority and is hand-picked by Putin however he is showing more stinging qualities than his predecessor.

Medvedev will go into history as the new Russian leader who dares challenge the west and who speaks loudly. In the business and economic circles across the globe, businessmen and even politicians were strangely dumb and fooled by the American expansionist economic policies. Medvedev has broken the silence and the immediate impact is the usual rhetoric that we are used now from US and European commentators and observers.

Besides being one sided and totally in denial of the damages caused by the US to the world’s economy thanks to its war policies, the rest of the world – including the countries members of the Organization of Islamic Conferences (OIC) – were afraid of criticizing the US.

While Venezuela’s President Hugo Chavez condemned the US for its ‘New World Order’ or NWO which he calls an evil plan to conquer the world and impose American hegemony on other nations, the world was racing for Free Trade Agreements (FTA) with the US. In many cases, the FTA’s were signed blindly or were imposed on the US partners with Washington using the stick and carrot plots.

It is not impossible that Russia, Iran and Venezuela (the Triumvirate it must be called) have joined forces to target the US dollar. The signs of this being possible were already littered on the new media (the Internet) thanks to the intrusive and investigative nature of some citizen journalists.

The theory that the ‘triumvirate’ was indeed plotting against the high and mighty US dollar came back on the drawing board of conspiracy theorists after Medvedev claimed that US selfishness had led the world into its worst financial crisis since the Great Depression. He did add that America's "economic egoism" and Western protectionism had triggered a global economic slowdown.

"The aggressive financial policies of the biggest economy in the world have led not only to corporate losses; most people on the planet have become poorer," he told delegates at the St Petersburg Economic Forum.

Slamming the World Bank and the International Monetary Fund for their failure to end the world's problems, Mr Medvedev suggested that Russia should instead take charge of redirecting global economic policy.

Russia can eventually achieve part of this aim if it works closely with Iran and Venezuela and derail the ‘NWO’ which Chavez has vowed to repudiate into oblivion. Chavez and Iranian President Mahmoud Ahmadinejad had in fact laid their plans bare after the famous 2006 UN General Assembly when they took on US president George W. Bush.

Chavez had called Bush the ‘Satan’ who smell sulfur while Iran challenged Bush’s Iraq and Middle East policies during the UN General Assembly, causing a major stir among European and pro-American delegates but getting cheers and applause from the rest of the world.

It is true that before Medvedev, Chavez and Ahmadinejad were the fists to attack Washington rogue policies but it is now to the credit of Medvedev that the theory of the ‘triumvirate’ working against the US dollar is becoming true.

However, WorldFutures.info believes that the ‘triumvirate’ of nations against the US dollar are not alone in that battle. In June 2007 our website published an article on Osama Bin Laden’s (OBL) hidden economic war, a war against the US economic hegemony which targeted the Oil needs of the US and also the might of the US dollar.

The ‘triumvirate’ is only continuing the job started by the lone ranger OBL in targeting the US dollar. The offer to put the Russian Rouble as the replacement to the US dollar in oil transactions between Russia and other nations is one of the many moves in that direction.

Targeting the US dollar means targeting the Petrodollar, which is the US dollar itself but tied to the Oil price in the world market, and this is what the ‘triumvirate’ of nations are targeting – if they are really in alliance to destabilize the US.

It is known that almost all oil buying and selling is in US-dollars through exchanges in London and New York – owned by the US or by US citizens – and this has been the case since the 1929 Wall Street crash that sparked off a global depression and two world wars. These wars enriched the US which supplied its allies with gold payments in return.

By the end of WWII it is said that 80% of the world’s gold was stored in US vaults, pushing the US dollar to become the one undisputed global reserve currency. This was the case until the 1990’s when Europe established the EURO – a new currency widely used in Europe today.

The EURO is said to be the real reason that triggered the US invasion of Iraq according to some observers since Saddam Hussein had announced it was switching its oil sales from the USD to the EURO. Iran, Russia, Venezuela, Libya were all talking of doing the same. This could have brought the US dollar to its knees but the US acted by invading Iraq in March 2003. Some observers call it the first petrodollar war!

After the invasion of Iraq the US army secured all the oil areas first. The only government building in Baghdad not bombed was the Oil Ministry and this will remain a marked reference. The US was determined to save the petrodollar and its military might was to be used to ensure that the only way to buy and sell oil was to use the US dollar, otherwise the US economy will crash and recent events are leading towards this scenario.

Hugo Chavez was also targeted but he escaped Saddam’s fate when his army and populace revolted after he was kidnapped by pro-US agents in an attempted coup in April 2003. This happened a month after he talked about selling Venezuela’s oil in EURO. Chavez has since then called the US a ‘paper tiger’ and plans on supporting the newly established Iran Oil Bourse which sells and buys oil in EURO.

Russia is offering the Rouble as the main currency in which its partners in the former Soviet Republic – that is border countries to Russia today – will have to deal in when trading and doing business with Moscow. This will definitely strengthen the Russian currency and turn it into a powerful regional currency if the proposal is accepted. There is little doubt the border countries will have to comply since they depend largely on Russia’s economic strength. In recent months, Russia’s economy grew by 12% and this resulted in a massive 86% growth in the region.

The new Iranian Oil Bourse, the IOB, is situated in a new building on the free-trade-zone island of Kish, in the Persian Gulf. In February this year, Iran's Finance Minister Davoud Danesh-Jafari told reporters the bourse will be inaugurated during the anniversary of the Islamic Revolution (February 1-11) at the latest, this after almost 2 years of delay.

The success of the Iran Oil Bourse makes sense to Europe, which buys 70% of Iran's oil. It makes sense for Russia, which sells 66% of its oil to Europe. China and India have already stated they are very interested in the new Iranian Oil Bourse and this spells trouble for the Dollar.

Will the world taste the Iranian potion – which may come with a nuclear weapon in the making – or will it succumb to the Russian option that is the creation of a new world order in Europe, a development that might just cause the political setback of the US? Whichever way, the world is surely looking forward for the massive collapse of the US dollar and of the war machinery of the US altogether.

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