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rhys

the euro and the iraq war

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while i was away on holiday in thailand. i had a very interesting conversation with a charechter from argentina. he was a very onto it person who is in his last year of his doctorate.

our conversation led on to his belief of why the u.s. attacked iraq (this time) when they did. he believed it was because.........

don't all shoot me at the same time.

.......... saddam hussain started trading 'oil' in euros.

if oil is to be traded in euros then the u.s. fails to be the controller(of the planets most traded commodity) and is on the back foot because the euro is worth more than the u.s. dollar.

he then said that venesuela has just started trading oil in euros and will be attacked by the u.s. in three months or less. i guess we'll see what happens.

this make a whole lot of sense to me. what do you reckon?
"When the power of love overcomes the love of power, then the world will see peace." - 'Jimi' Hendrix

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Your fellow is playing with a short deck.

The last three presidents were looking for a way to knock off Saddam and the events in 2001 gave the opening. Under UN sanctions, Iraq couldn't sell very much oil, not enough to make a significant matter.

Venezuela will be fine. We don't have the manpower even if we wanted to.

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I'll make a 50 Pound bet that it doesn't happen....

On the other hand do not underestimate the US need for oil to continue being traded in $$$. It has a massive impact on your economy and you would see frightening changes if OPEC suddenly adopted a different currency.

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I'll make a 50 Pound bet that it doesn't happen....

On the other hand do not underestimate the US need for oil to continue being traded in $$$. It has a massive impact on your economy and you would see frightening changes if OPEC suddenly adopted a different currency.


yeah a stronger more stable currency.
i bet the thought of that puts a sweat on gw's forehead!

"When the power of love overcomes the love of power, then the world will see peace." - 'Jimi' Hendrix

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Not a new idea:

http://www.dropzone.com/...i?post=382972#382972


wow thanks for that link i wish i read that when it was first published.;)

"When the power of love overcomes the love of power, then the world will see peace." - 'Jimi' Hendrix

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Hey, take a couple of deep breaths..it will help calm the nerves. As evil as the US must be in your friends view, has no need of kicking ass in your country for a little oil.

A little kick ass in the US House of Representitive is however needed so we can produce our own oil.

Hell all this crying starting to get me all emotional, don't think I can continue this thread.

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http://www.dropzone.com/cgi-bin/forum/gforum.cgi?post=1644783;#1644783

I have come to the same conclusion that it is a major part of US motivation, among energy

Edit: The US will not invade anywhere in S America though - we can manipulate in other ways - as we all have seen


Carpe Diem

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I have serious doubts about any theory that tries to reduce it all to just ONE cause. There are usually multiple reasons & causes behind decisions like this.

"it's as simple as that!" People like to say it & believe it, but it is rarely true in reality.
Speed Racer
--------------------------------------------------

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he then said that venesuela has just started trading oil in euros and will be attacked by the u.s. in three months or less.

yep those conspiracy theorists know it all, unlike all of us poor, dumb sheeple.

does your friend wanna put any money on this ingenious prediction?
;)
Speed Racer
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I have serious doubts about any theory that tries to reduce it all to just ONE cause. There are usually multiple reasons & causes behind decisions like this.

"it's as simple as that!" People like to say it & believe it, but it is rarely true in reality.
Speed Racer


did you actually read the article linked above? it didn't say the only reason.

"When the power of love overcomes the love of power, then the world will see peace." - 'Jimi' Hendrix

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Hey, take a couple of deep breaths..it will help calm the nerves. As evil as the US must be in your friends view, has no need of kicking ass in your country for a little oil.



what do you reckon now? did you watch the news this evening?
"When the power of love overcomes the love of power, then the world will see peace." - 'Jimi' Hendrix

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while i was away on holiday in thailand. i had a very interesting conversation with a charechter from argentina. he was a very onto it person who is in his last year of his doctorate.

our conversation led on to his belief of why the u.s. attacked iraq (this time) when they did. he believed it was because.........

don't all shoot me at the same time.

.......... saddam hussain started trading 'oil' in euros.

if oil is to be traded in euros then the u.s. fails to be the controller(of the planets most traded commodity) and is on the back foot because the euro is worth more than the u.s. dollar.

he then said that venesuela has just started trading oil in euros and will be attacked by the u.s. in three months or less. i guess we'll see what happens.

this make a whole lot of sense to me. what do you reckon?



This is something I heard before the war started. Im not an economics expert by any means, but I do recall that there were discussions about this.

The current recovery and the future of the US pretty much requires that everyone index to the dollar, right now we're playing a pretty good game, but that totally implodes if we lose our right as the index currency.

TV's got them images, TV's got them all, nothing's shocking.

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