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Is it true that the main objective for invading Iraq is to keep the US dollar as the world reserve currency? Iraq was willing to sell its oil in Euros (Iran as well) and this caused America to "panic" and take military action?
I am aware the there were documents in the 1990s that authorized the United States to use military intervention in Iraq if Iraq failed to comply with the conditions listed on the agreement deal. However, the petrodollar warfare view seems to be the most convincing.
What do you guys make of the Petrodollar Warfare hypothesis? Is it true, partially true or absurd? I am curious if there is more to it than meet the eye.
Is it true that the main objective for invading Iraq is to keep the US dollar as the world reserve currency? Iraq was willing to sell its oil in Euros (Iran as well) and this caused America to "panic" and take military action?
I am aware the there were documents in the 1990s that authorized the United States to use military intervention in Iraq if Iraq failed to comply with the conditions listed on the agreement deal. However, the petrodollar warfare view seems to be the most convincing.
What do you guys make of the Petrodollar Warfare hypothesis? Is it true, partially true or absurd? I am curious if there is more to it than meet the eye.
That's what I think. Islamic states are also not a good target for financial warfare. So you have to pretext it and then invade.
Well, I think the theme is a little far-fetched. In fact, the United States is on the cusp of becoming a net energy exporter for the first time in decades.
Well, I think the theme is a little far-fetched. In fact, the United States is on the cusp of becoming a net energy exporter for the first time in decades.
Ok, now that we are past the standard flag waving corporate party line --
The question was about the Iraqi-home-invasion-robbery -- by US. The decision for that was ten years ago, at this point. It was the outcome of the Cheney Energy Task Force in 2001.
The idea of Petro-dollars is a long established and accepted one.
When we went off Gold, the dollar floated and there was inflation. Saudi, et al, agreed to back the US dollar for US protection and our continued dependency on Oil.
Saddam/Iraq was heading off the Dollar -- so he got his ticket punched. Iran has toyed with the idea. K-Daffy/Libya was the most recent. Figuring out cause-and-effect aint real hard, here.
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