Real Reason For War - Not Oil - Not Wmd

Post-9/11 Era Forum

It is not about hidden weapons or even Oil. It is about the currency used to trade Oil.

If the Euro takes over as the currency used to trade oil, even in part, the economic consequences for the USA will be grim, as countries will no longer need to hoard US dollars, (which also end up being used for a large proportion of international trading) instead they can use the Euro.

This is the real reason for the conflict and France, Gemrmany and Russias stand against the USA.

The US is willing to go to war to defend the US Dollar as the standard (and only) currency for trading oil, because if it doesn't, it could well go bankrupt as other treasuries in the world sell US dollars in favour of the Euro, prompting a massive crash in the US dollar and huge inflation in the USA. The USA is in worse shape economically than Argentina, with more debt per capita and a worse trade defecit, but the US has a huge trading advantage and is effectively subsidised by all the other countries who need USD to buy their oil ( and subsequently use the USD as thier vehicle for international trade). If this is removed America will be the next Argentina and the USD dollar will become worthless. As it has stood for the last 30 years courtesy for Richard Nixon, most international trrade is carried out in USD meaning that America (on paper anyway) has a huge global trade going on.

Iraq has been selling its Oil in Euros since Novemeber 2000, Iran and others are set to follow. That is why the US is threatening them and this is the real truth, behind the conflict............why is no one talking about it ??

This is the biggest grab for world domination in histroy. This is worse than the British Empire and even the Romans to not have a patch on GW and his texan buddies.

> SOME REFERENCES AND FURTHER INFORMATION:
>
> http://www.ratical.org/ratville/CAH/RRiraqWar.html
> 'The Real Reasons for the Upcoming War With Iraq: A Macroeconomic and
> Geostrategic Analysis of the Unspoken Truth' by W. Clark, January
> 2003 (revised 20 February), Independent Media Center,
> www.indymedia.org
>
> http://www.indymedia.ie/cgi-bin/newswire.cgi?id=28334
> This war is about more than oil. OIL DOLLARS!!!! DOLLARS, THE EURO
> AND WAR IN IRAQ.
> This story is based on material posted by Richard Douthwaite on the
> FEASTA list in Ireland.
>
> http://sf.indymedia.org/news/2002/1...ent.php#1551138
> USA intelligence agencies revealed in plot to oust Venezuela's
> President
>
> http://www.washingtonpost.com/ac2/wp-
> dyn?pagename=article&node=&contentId=A41444-2003Jan11¬Found=true
> Washington Post
> Split Screen In Strike-Torn Venezuela
> By Mark Weisbrot Sunday, January 12, 2003; Page B04
>
> http://www.atimes.com/global-econ/DD11Dj01.html
> Asia Times online: Global Economy
> US dollar hegemony has got to go
> By Henry C K Liu
>
> http://www.feasta.org/energy.htm
>
> http://www.ratical.org/ratville/CAH/EnemyWithin.html
> The Observer
> The Enemy Within
> by Gore Vidal London, Sunday 27 October 2002
>

You obviously have very little understanding of currency.

imagine all the US Dollars in circuation as bank cheques, which is effectively what all paper money is.......... only the cheques never reach the bank and get cashed, because they remain in circulation. So long as they remain in circulation the person writing the cheques never has to have any real money in the bank. They are always used to trade between third parties, but never actually demand payment from the original person who writes them, in this case the US Treasury.

Now if everyone decides to cash in their cheques, or in this case exchange them for someone elses cheques : euros then the value of the USD will fall like a rock.

This is the problem of having a debased curency (ie. one not based on gold or someother standard). The US Treasury can carry on writing cheques and never need to have any value behind them, so long as no one ever tries to bank them.

What makes countries hold USD as opposed to other currencies is the need to have them for oil purchases and subsequently they are used for other international trade. The fact that the Euro is already at parity with the dollar is pretty amazing when it is not widely used as a currency for international trade. Imagine what would happen when every national treasury converts all their USD holdings - like Billions and Trillions of dollars from USD into EUROS. Iraq is the first Oil Nation to sell oil for Euros, Iran is looking at following suit, hence 'the axis of evil'

The rate will become about 10 USD to 1 EURO and America will experience inflation along the lines of Argentina.

America has more debt per head than Argentina which recently collapsed.....need I say more.........it is so obvious a 5th grade maths class could understand it.

As our old friend Mr. Hitler used to say, the easiest way to hide the truth is to stick it right out in the open and then pour out loads of other stories (weapons of mass destuction etc.) to side track people.

Trash...once again another idiotic post and theory....

This is kind of difficult to respond to..

go and read some decent literature on currency, take a look and the bretton woods agreement of the 1940s and educate yourself. do you understand what actually happened when argentina collapsed, or when germany collapsed in the 1930s. break out of this pathetic uneducated state that is exactly what your governemnt wants.

the whole problem is that the paper money is not the cash, it is an IOU from the government, but then the government cranks out more IOUs that it can ever pay back, because it knows that they will remain in circulation. At the end of the day the dollar has to be tied to some intrinsic value behind it, because you are accepting a piece of worthless paper with some ink on it, for goods that have a value, but it has even got to the state now where by if everyone tried to empty their accounts at the same time, there would not be enough paper money to pay everyone out, so there are not even enough paper IOUs to cover the digital IOUs.

It is not just a mechanism of exchange it is a mechanism of assigning value. Until the 1970s money was based on gold. so that the treasury had to have a lump of gold for every note it printed. now the treasury just prints money adlib. If this carries on too long the money becomes worthless and has no more value than the paper it is printed on.

here is the problem, real easy to understand. the thing that gives the mighty yankee USD its value is the fact that everyone in the world needs to have USDs in order to buy Oil. You cannot buy Oil without USDs. The USD is a dedsireable currency to hold for this reason alone. Once you take the Oil out of the equation, no one needs to hold USDs anymore. So every national treasury from ghana to great britian, that has taken on US governement debt by buying dollars, sells off all their USDs and all those billions and trillions of greenbacks come flooding back to the US treasury. On arrival they demand some value, but in fact they have no value, other than a falsely perceived one, since Alan Greenspan and his buddies have been cranking the presses day and night, ruunning out more and more IOUs when they have nothing to cover the IOUs with.

The actual value of all those lovely $100 bills in no more than the paper they are printed on ( about 1/10th of a cent), because there is nothing of any value to back them up with. So by the time all the countries have cashed in their USDs there will be very little value left other than the paper they are printed on and so to buy a $2 loaf of bread you will need about $ 2,000,000 bucks.

Sounds crazy, but it has happened many times before and just recently in Argentina. This is what happens when you print money that has nothing behind it. The original conept of paper money was a credit note frrom the goldsmith so you coould go and exchange it for gold. gold is difficult to find so has an intrinisic value.

Good old richard nixon was feeling a bit broke during the Vietnam War so he figured he'd take away peoples ability to cash their dollar bills in for gold. no one was bothering any more and it would mean he could crank out more IOUs than he had value ( gold / silver ) to cover..............no one noticed for 30 odd years because we are all such a bunch of suckers................but the **** will hit the fan eventually..................the demise of every great nation is debasing the currency...........from the British to Rome to Napoleon etc............

so you see you are in fact right, we would be better off trading shells, because shells are difficult to find, you can't just reproduce them on a printing press. there are more precious ones and cheaper ones, and it requires man hours to go and find them, hence they have a measure of value, far more accurate than a $100 wacked out on a printing press, that has a value of about 1/10th of a cent.

if you still don't understand then maybe you can explain to me what places the value on a $100 bill, other than blind belief of an ignornant public. ?? a $100 bill is essentially worthless it has no value at all other an a percived one. Really it has no more value than a piece of paper with some green ink on it.