Gulf funds drift away from dollar :
Asset diversification by the Gulf sovereign wealth funds and the possibility that the Organisation of Petroleum Exporting Countries (Opec) will change the pricing of oil from the dollar to another currency could mean more trouble for the dollar.
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War With Iran: The Real Reason Why America Invaded Iraq
by Victor Thorn
Whenever we look forward to a potential war with Iran, the first logical question to ask is: why did the United States invade Iraq? Naturally, the mainstream media (as well as the alternative media) have given us plenty of supposed reasons, from WMD’s, terrorism, oil, Saddam Hussein, al Qaeda, 9-11, and the desire to spread 'freedom and democracy' (ha, that's a good one) throughout the Middle East. But every one of these explanations is a smokescreen to cover our true motives.
The real reason we waged war with Iraq is that in November, 2000 Saddam Hussein refused to accept the U.S. dollar for his oil, and instead switched to the euro. Hussein also made a dramatic move by switching all of his U.N. reserves from the dollar to the euro. Thus, our invasion was nothing more than an attempt to maintain the dollar’s monopoly on oil purchases throughout the world. Stated differently, we wanted there to be no other choice than the dollar as the world’s sole petro-currency. Our attack, then, was an example to other countries – don’t convert your system over to the euro, and don’t challenge the dollar’s dominance.
And today, even though the U.S. is mired in a godawful war, we did thwart a widespread move to an alternate currency. In addition, we’ve also encircled the Middle East with military bases (especially Iran) so that any future uprisings or shifts away from “popular convention” can be immediately quelled.
To prove this is what happened, ask yourself: what is the first thing the United States did in 2003 after invading Iraq? Answer: after our troops “shocked and awed” their way into Baghdad, they immediately set-up a central bank! Now think about this scenario. We’re in the middle of a war, and what do we do first, above and beyond everything else? We set-up a bank! How much importance do you think this notion has? An enormous amount.
We then ripped-up all of Saddam’s old euro-based oil contracts, switched everything back to the dollar, and tied the whole damn thing back into the Federal Reserve. Our planners also cut-off the euro-based Oil-for-Food program within two months of “Mission Accomplished.”
Whenever we look forward to a potential war with Iran, the first logical question to ask is: why did the United States invade Iraq? Naturally, the mainstream media (as well as the alternative media) have given us plenty of supposed reasons, from WMD’s, terrorism, oil, Saddam Hussein, al Qaeda, 9-11, and the desire to spread 'freedom and democracy' (ha, that's a good one) throughout the Middle East. But every one of these explanations is a smokescreen to cover our true motives.
The real reason we waged war with Iraq is that in November, 2000 Saddam Hussein refused to accept the U.S. dollar for his oil, and instead switched to the euro. Hussein also made a dramatic move by switching all of his U.N. reserves from the dollar to the euro. Thus, our invasion was nothing more than an attempt to maintain the dollar’s monopoly on oil purchases throughout the world. Stated differently, we wanted there to be no other choice than the dollar as the world’s sole petro-currency. Our attack, then, was an example to other countries – don’t convert your system over to the euro, and don’t challenge the dollar’s dominance.
And today, even though the U.S. is mired in a godawful war, we did thwart a widespread move to an alternate currency. In addition, we’ve also encircled the Middle East with military bases (especially Iran) so that any future uprisings or shifts away from “popular convention” can be immediately quelled.
To prove this is what happened, ask yourself: what is the first thing the United States did in 2003 after invading Iraq? Answer: after our troops “shocked and awed” their way into Baghdad, they immediately set-up a central bank! Now think about this scenario. We’re in the middle of a war, and what do we do first, above and beyond everything else? We set-up a bank! How much importance do you think this notion has? An enormous amount.
We then ripped-up all of Saddam’s old euro-based oil contracts, switched everything back to the dollar, and tied the whole damn thing back into the Federal Reserve. Our planners also cut-off the euro-based Oil-for-Food program within two months of “Mission Accomplished.”
Petrodollar Warfare: The Upcoming Iranian Oil Bourse: Current geopolitical tensions between the United States and Iran extend beyond the publicly stated concerns regarding Iran’s nuclear intentions. Similar to the Iraq war, military operations against Iran relate to the unpublicized but real challenge to U.S. dollar supremacy from the euro as an alternative oil transaction currency.
It is now obvious the invasion of Iraq had less to do with any threat from Saddam Hussein’s [so-called] WMD program and certainly less to do to do with fighting International terrorism. [It had] to do with gaining strategic control over Iraq’s hydrocarbon reserves and in doing so maintain the U.S. dollar as the monopoly currency for the critical international oil market. ‘Operation Iraqi Freedom’ was a war designed to install a pro-U.S. government in Iraq, establish multiple U.S military bases, and to reconvert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency.
Next on America’s Hit List:•
It is now obvious the invasion of Iraq had less to do with any threat from Saddam Hussein’s [so-called] WMD program and certainly less to do to do with fighting International terrorism. [It had] to do with gaining strategic control over Iraq’s hydrocarbon reserves and in doing so maintain the U.S. dollar as the monopoly currency for the critical international oil market. ‘Operation Iraqi Freedom’ was a war designed to install a pro-U.S. government in Iraq, establish multiple U.S military bases, and to reconvert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency.
Next on America’s Hit List:•
posted by Kangaroo Brisbane Australia at 12:27 AM
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