Dirty Hippies Whining For A Free Lunch

[Humerox]

Originally Posted by Messianic [You must be logged in to view images. Log in or Register.]

As is written in the link provided - "don't question the currency, or else." Countries that have tried to or successfully priced their oil in euros (a challenge to the dollar) have been met with severe hostility or even CIA attempted coups or interference in their countries.

I wrote a paper in 2004 about what was really behind the war in Iraq, and this is what it boiled down to.

The economic strength of the US is directly tied to its standing as the world's reserve currency.

In November 2000 Saddam Hussein demanded Euros for his oil.

Germany, France, and Spain were against the US invasion of Iraq. Big surprise there, because at the time the Euro was strong and replacing the dollar as the reserve currency would have caused a paradigm shift in world economics and, consequently, in power.

An OPEC switch from the dollar to the euro would bring a quick and devastating dollar and Wall Street crash that would make 1929 look like a $50 casino bet." This prediction was understood by the Clinton administration, but the Bush administration took action to boost the petrodollar.

It's coming...just a matter of time, really.