Sunday, July 24, 2005

We Don't Need No Stinkin' Euros...

It is seldom talked about that just prior to the Iraq Invasion, Saddam had announced his intention to begin using Euro as the base currency for the trade of oil coming out from Iraq. Iran has made a similar announcement...

"It is now obvious the invasion of Iraq had less to do with any threat from Saddam’s long-gone WMD program and certainly less to do to do with fighting International terrorism than it has to do with gaining control over Iraq’s hydrocarbon reserves and in doing so maintaining the U.S. dollar as the monopoly currency for the critical international oil market. Throughout 2004 statements by former administration insiders revealed that the Bush/Cheney administration entered into office with the intention of toppling Saddam Hussein. Indeed, the neoconservative strategy of installing a pro-U.S. puppet in Baghdad along with multiple U.S. military bases was partly designed to thwart further momentum within OPEC towards a 'petroeuro.' However, subsequent events show this strategy to be fundamentally flawed, with Iran moving forward towards a petroeuro system for international oil trades, while Russia discusses this option. "

The Real Reasons Why Iran is the Next Target

0 Comments:

Post a Comment

<< Home