Oil Iraq War Petrol Dollar Connection?
The war gaurantees that Oil is sold ONLY in US $$ . Other countries have to convert thier money into US money to get the valuable resource. Bush has gauranteed that our money is valuable but he did it incorrectly!
Now Iran is planning on selling its oil as Euros and the dollar will gradually drop in value and we will hit depression. Sadam Hossain stated he wanted to sell the oil as Euros... That is VERY little known fact and the reason he is dead right now and why we fled into war. NOT because of terrorist.
We are basically bullying the world into using our money so we have an unlimited credit card with the Federal Reserve who prints our money. We are going into debt more and more and China is funding out debt as well to help us out but as soon as that stops or if they convert oil sells to Euros or if chaos breaks out in the middle east USA IS DONE FOR.
Does anyone agree?
Answer:
You are correct about the oil trading on the Euro. I don't think many know about this. People should also be reading about the Federal Reserve.
It is not Federal and there is no reserve.
Ron Paul is the only candidate that wants to abolish the federal reserve and get us back on the gold standard where we belong.
Ron Paul '08
i don['t know if what you said is factual, but i think the issue is middle east wants control of the world. USA currency is weakening due to many factors both internal and externa.
also, what i know is it s the US treasury that prints the money and the federal reserve is the assigned agency to distribute money;
Nothing new under the sun. Remember when the british empire attacked China because they refused to accept paper in nexchange for tea? The emperor wanted silver, the brits had not.
Then the brits tried to sell opium to the chinese in order to balance their trade but WHAM, the emperor banned the use of opium!
The rest is history.
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