This could be the reason why the US will bomb Iran this year

[Benbow]

If OPEC switched to the euro, oil-consuming countries would have to sell the US dollars in their central bank reserve funds and buy euros instead. The US dollar would crash. Foreign funds would pour out of the US stock markets.

In 2000, Saddam Hussein switched Iraq oil transactions to the euro. That was probably the point at which Bush II's administration decided to invade Iraq. The current US administration is desperate to prevent OPEC switching from a dollar standard to a euro standard.

Is history about to repeat itself? For 2005-2006, it is reported that Tehran plans to start competing with New York and London using a euro-denominated international oil-trading mechanism. This means that, unless the US intervenes, the euro is going to have a strong position in the international oil trade. Given the US debt and the stated neocon plans for US global domination, Tehran's objective obviously threatens the US dollar supremacy in the international oil market. Cue a manufactured war on Iran.

Unfortunately, it will be young Americans who die - as well as Iranians (and more Iraqis) - just to prop up the US dollar. This is what happens when your country is run by a small number of greedy, white, amoral oil families.

[iamjoy]

1. That's Not Why We Invaded Iraq

this was a grudge for Dubya 'cos Saddam tried to kill Bush I.
Dubya all but admitted it.

[Benbow]

3. I suggest that you read the whole of this article

http://www.cpa.org.au/garchve03/1127currency.html

It's like reading the Book of Revelation after the end of the world has taken place, ie as history. Although published in February 2003, before the invasion of Iraq, it all fits.

"World trade is now a game in which the US produces dollars and the rest of the world produces things that dollars can buy. The world's interlinked economies no longer trade to capture a comparative advantage; they compete in exports to capture needed dollars to service dollar-denominated foreign debts and to accumulate dollar reserves to sustain the exchange value of their domestic currencies.

<snip>

"One of the dirty little secrets of today's international order is that the rest of the globe could topple the United States from its hegemonic status whenever they so choose with a concerted abandonment of the dollar standard."

<snip>

The American people are not aware of such information due to the US mass media, which has been reduced to a handful of consumption/entertainment and profit-oriented conglomerates that filter the flow of information in the US Indeed, the Internet provides the only source of unfiltered "real news." It would appear that any attempt by OPEC member states in the Middle East or Latin America to transition to the euro as their oil transaction currency standard shall be met with either overt US military actions or covert intelligence agency interventions.

<snip>

We must not stand silent and watch our country become a 'rogue' superpower, relying on brute force, thereby forcing the industrialized nations or OPEC to abandon the dollar standard — and thus with the mere stroke of a pen — slay the US Empire?

How many extra soldiers do you think that America will have to have in order to carry out all those overt US military actions?

[leesa]

6. You don't believe that, do you? It's oil, military bases and the dollar

[Benbow]

7. Er, that's what I said

[meganmonkey]

8. If you look at the top right of that post you'll see

leesa was replying to reply #1, as opposed to your original post...

Welcome to DU! :toast:

[Benbow]

9. Oh, yes, sorry - I forget

that the seed post is not # 1 but # 0.


:-)

[Theres-a]

2. Welcome to DU!

[Benbow]

4. I thank you :-)

[hang a left]

5. A book I am reading now states that continuing dollar

supremacy is the reason for 9-11 and all the wars that will follow it.

"One of the dirty little secrets of today's international order is that the rest of the globe could topple the United States from its hegemonic status whenever they so choose, with a concerted abandonment of the dollar standard. This is America's pre-eminent, inescapable Achilles Heel for now and the foreseeable future. That such a course hasn't been pursued to date bears more relation to the fact that other westernized, highly developed nations haven't any interest to undergo the great disruptions which would follow-but it could assuredly take place in the event that the consensus view coalesces of the United States as any sort of 'rogue nation'. In other words, if the dangers of American global hegemony are ever perceived as a greater liability than the dangers of toppling the international order. The Bush administration and the neo-conservative movement have set out on a multiple-front course to ensure that this cannot take place, in brief by a graduated asserion of military hegemony atop the existent economic hegemony. The paradox I've illustrated with this one narrow scenario is that the quixotic course itself may very will bring about the feared outcome that it means to pre-empt. We shall see."

9-11 SYNTHETIC TERROR-MADE IN THE USA, WEBSTER GRIFFIN TARPLEY (PAGE 123)

[LEW]

10. I agree with you Benbow

There are other works out there with a similiar view point. It is very true that if foreign investors pull out of our market we would be in serious trouble.

I have said for a long time that Saddam was marked the day he started trading oil in euros.