justin_o_guy2 wrote on 01/29/12 at 07:39:47:The last phrase is the point. If oil goes off the dollar standard, the US loses one of its most important international positions. It is another result of the failure of the US Administration to project strength. Weakness instead, has produced this crises and put us on the brink of economic chaos.
& we invaded Iraq after they said they wanted to stop taking dollars for oil.
So true.
Iraq (Saddam Hussein) was selling oil for Euros, and others (Emirates) were getting ready to follow suit.
THAT is the reason the US invaded Iraq. I Iraq and the Emirates had got the process rolling, soon Azerbaidjan and Kazakhstan would have sold their Caspian oil for Euro.
Don't forget Kazakhstan and Azerbaidjan sell through Turkish pipelines, and what does Turkey want the most and hardest of all?
Join the European Union.
It all makes sense:
- Turkey in the EU means more and more Caspian oil goes through Turkey,
- all that oil is sold in Euros,
- more and more Arab states sell theior oil in Euros,
...
- the US Dollar plummets into oblivion.
Forget 9/11, GWB invaded Iraq for the reasons posted above.