Oil Iraq War Petrol Dollar Connection?
The reason is because the War in Iraq was to save the American Dollar from becoming worthless.
The war gaurantees that Oil is sold ONLY in US $$ . Other countries have to convert thier money into US money to get the valuable resource. Bush has gauranteed that our money is valuable but he did it incorrectly!
Now Iran is planning on selling its oil as Euros and the dollar will gradually drop in value and we will hit depression. Sadam Hossain stated he wanted to sell the oil as Euros… That is VERY little known fact and the reason he is dead right now and why we fled into war. NOT because of terrorist.
We are basically bullying the world into using our money so we have an unlimited credit card with the Federal Reserve who prints our money. We are going into debt more and more and China is funding out debt as well to help us out but as soon as that stops or if they convert oil sells to Euros or if chaos breaks out in the middle east USA IS DONE FOR.
Does anyone agree?
You are correct about the oil trading on the Euro. I don’t think many know about this. People should also be reading about the Federal Reserve.
It is not Federal and there is no reserve.
Ron Paul is the only candidate that wants to abolish the federal reserve and get us back on the gold standard where we belong.
Ron Paul ’08
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Petrodollar Warfare: Oil, Iraq and the Future of the Dollar
$9.92
The invasion of Iraq may well be remembered as the first oil currency war. Far from being a response to 9/11 terrorism or Iraq’s alleged weapons of mass destruction, Petrodollar Warfare argues that the invasion was precipitated by two converging phenomena: the imminent peak in global oil production and the ascendance of the euro currency. Energy analysts agree that world oil supplies are abo…
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