NOWRUZ and it's the equivalent of New Year's Day. On the Iranian calendar it ties in with the vernal equinox (the first day of spring). The holiday's roots are based in the ancient religion of Zoroastrastrianism and it is considered the biggest holiday of the year in the country.
Generally the Persian New Year is celebrated by a symbolic purging of the home and spiritual representation of creation and fertility. Families get together and traditional feasts are consumed.
This year, though Iran is doing something a little different to celebrate the New Year and the result may be fireworks of a less than celebratory nature.
This year Iran is changing it's policy for payment of oil. Iran will not longer accept the US dollar and will be looking for other currencies and commodities instead.
Since 1971, OPEC oil has been exclusively quoted in dollars. Because of this oil (aka gasoline) is currently cheaper in the United States than in any other country in the world.
Since the IRAN OIL BOURSE opened in 2005, Iran has been actively seeking alternative currencies and commodities in trade for the oil produced there. The Bourse has directly approached Japan, Russia and China to negotiate payments in other currencies.
Not coincidentally, in 2005, the same time the Iran Oil Bourse was formed, George Bush began imposing sanctions on Iran via EXECUTIVE ORDER 13382 - Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters.
In 2010 the United States increased its efforts to force Iran's compliance by passing the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010. This increased all sanctions that had currently been passed in an effort to cripple the Iranian economy. Sanctions included punishing large investors in Iran's petroleum business, punishing companies that traded with Iran by turning their oil into gasoline as well as companies providing shipping, insurance and financial services for the purpose of the import of gasoline into Iran, and prohibits other foreign exchange, banking and property transactions.
Basically, the US is behaving like an organized crime family and wants to put a stranglehold on the country's economy, only allowing breath if Iran goes back to accepting the USD. They say it's because of nukes, though, because that is more socially acceptable.
The efforts of the United States seem to have only increased Iran's efforts to be free of the US dollar. Iran has set the date of March 20, 2012 as the day that they will only accept the yen, the rupee, the euro, the yuan and baskets of currency (currency portfolios).
This stand threatens to crumble the USD's status as the world's reserve currency, which could be the final nail in the coffin of the American economy. If the USD is no longer the OPEC measure for oil prices, we will no longer pay the lowest price in the world for gasoline. Our already wheezing economy will collapse as the price of fuel skyrockets, effectively increasing the price of everything else.
Of course, Americans don't like sending their sons and daughters off to be killed in a war over money/oil. That's why the US is taunting Iran by flying surveillance aircraft in their airspace, sending troops to all surrounding areas and insinuating carriers into the Strait of Hormuz, Iranian waters, despite Iran's calls for them to stop.
The United States is trying to trigger an incident that will allow a direct attack on Iran. If they can't trigger such an incident they may well create one and just blame it on Iran. From our President we will hear speeches full of bluster and false patriotism. The United States doesn't want to look like the bad guy, so they are attempting to provoke a reaction from Iran by encroaching very uncomfortably on Iran's space. Our media propaganda machine is preparing us by informing us of the terrifying threat of Iran's potential weapons of mass destruction. This is all in an effort to get the American people behind this attack.
March 20 is approaching quickly and the United States is running out of time. Iran has come up with ways to work around the US sanctions and is planning to claim independance from the USD on their new year.
As I discussed a couple of days ago, a likely date for the attack is March 8, the Jewish holiday of vengeance Purim which also conveniently coincides with the FBI's planned takedown of the internet. The US, the wealthy, the bankers, AIPAC and the elite must stop Iran from making this change or the economy that is precariously stacked up like a pile of Jenga blocks will topple. The wealthy 1% has even more to lose than the rest of us.
Don't be fooled. It may be too late to stop this from happening but be aware of the real reason.
Again, the United States will be trading blood for oil.