Is this all about Saddam switching to the Euro?
Mmmmnnahh–could be?!
“Not Oil, But Dollars vs. Euros”
America’s Bush administration has been caught in outright lies, gross
exaggerations and incredible inaccuracies as it trotted out its litany of
paper thin excuses for making war on Iraq. Along with its two supporters,
Britain and Australia, it has shifted its ground and reversed its position
with a barefaced contempt for its audience. It has manipulated information,
deceived by commission and omission and frantically “bought” UN votes with
billion dollar bribes.
Faced with the failure of gaining UN Security Council support for invading
Iraq, the USA has threatened to invade without authorisation. It would act
in breach of the UN’s very constitution to allegedly enforced UN
resolutions.
It is plain bizarre. Where does this desperation for war come from?
There are many things driving President Bush and his administration to
invade Iraq, unseat Saddam Hussein and take over the country. But the
biggest one is hidden and very, very simple. It is about the currency used
to trade oil and consequently, who will dominate the world economically, in
the foreseeable future — the USA or the European Union.
Iraq is a European Union beachhead in that confrontation. America had a
monopoly on the oil trade, with the US dollar being the fiat currency, but
Iraq broke ranks in 1999, started to trade oil in the EU’s euros, and
profited. If America invades Iraq and takes over, it will hurl the EU and
its euro back into the sea and make America’s position as the dominant
economic power in the world all but impregnable.
It is the biggest grab for world power in modern times.
