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Video: Waging war to defend the value of the dollar? (3 posts)

  1. truthmover
    Administrator

    YouTube video of an excerpt from a British TV show about conspiracies.

    This one deals with a theory that the US attacked Iraq and will likely attack Iran because the leaders of those countries began selling oil for Euros, threatening to devalue the dollar.

    http://www.youtube.com/watch?v=oQZa5e4f11c

    Posted 16 years ago #
  2. truthmover
    Administrator

    According to this video Iran said they were going to start selling oil for Euros in 2006 and set up an independent exchange for other oil rich countries. It also indicates that Saddam started selling oil in Euros in November of 2000. And that immediately after the invasion the US switched oil sales in Iraq back to the dollar, costing Iraq 17% of the total value of it's oil.

    I just read the following article.

    "U.S. escalating covert operations against Iran"

    http://rawstory.com/news/2008/U.S._escalating_cove...

    U.S. congressional leaders agreed late last year to President George W. Bush's funding request for a major escalation of covert operations against Iran aimed at destabilizing its leadership...

    Hersh has written previously about possible administration plans to go to war to stop Tehran from obtaining nuclear weapons, including an April 2006 article in the New Yorker that suggested regime change in Iran, whether by diplomatic or military means, was Bush's ultimate goal.

    And we also have this:

    "Iran says Gulf oil route at risk if attacked"

    http://rawstory.com/news/2008/Iran_says_Gulf_oil_r...

    "Regarding the main route for exiting energy, Iran will definitely act to impose control on the Persian Gulf and Strait of Hormuz," Jafari said of the Gulf waterway through which about two-fifths of all globally traded oil passes.

    Iranian officials have in the past sent mixed signals about whether Iran would use oil as a weapon. But such threats, when made, have sent jitters through the crude market for fear of disrupting supplies from big OPEC producers in the Gulf.

    Just maybe in 2006 the Administration started to ramp up concern for Iran and make plans to topple the government because the leadership of Iran figured out ways to really threaten the U.S. economy.

    Are we going to bomb Iran to defend the dollar?

    Posted 16 years ago #
  3. chrisc
    Member

    Are we going to bomb Iran to defend the dollar?

    Perhaps, last year I helped write an Indymedia feature article which has a section on this that drew from a very good Globalresearch.ca article (before they went anti-Peak Oil and before the oil bourse opened):

    What is it really about?

    Well, it's clearly not about Iran's nuclear plants that the US had sold to Iran http://www.indymedia.org.uk/en/2007/02/361256.html in the first place. Nor is it about the alleged nuclear weapons development any more than the war against Iraq was about Iraq's never-found WMD. No substantive evidence has ever been found by the International Atomic Energy Agency (IAEA) suggesting that Iran has a covert nuclear weapons programme (see here http://www.indymedia.org.uk/en/2007/01/360675.html for more details).

    In December 2006, William Clark published a long article http://globalresearch.ca/index.php?context=viewArt... analysing the real reasons for a possible attack on Iran. Under the title "Hysteria Over Iran and a New Cold War with Russia: Peak Oil, Petrocurrencies and the Emerging Multi-Polar World", it touched on some issues that are not often publicly considered as key motivations for the imperial war, namely the Iranian Oil Bourse http://en.wikipedia.org/wiki/Iranian_Oil_Bourse and the threat to the petrodollar http://en.wikipedia.org/wiki/Petrodollar .

    Until Saddam Hussein made his decision in the autumn of 2000 to switch to a petroeuro arrangement, efforts by the US and UK to maintain the global petrodollar system were very successful, due in large part to the “special relationship” between Washington and the Saudi monarchy. [...] Following operation "Iraqi Freedom", the other Persian Gulf oil exporter threatening to undermine US supremacy is Iran.

    I propose that, despite the ongoing subterfuge, the US and the UK establishment are far more concerned about Iran’s upcoming Internet-based oil exchange, or "oil bourse", which over time could undermine the global supremacy of the petrodollar.

    This assertion is based on the fact that Washington is quietly but actively engaged in economic warfare against Tehran. The goal is to undermine the proposed oil bourse via “smart sanctions.” Should this strategy fail, it appears that a military option is under serious consideration by the Bush administration.

    http://www.indymedia.org.uk/en/2007/02/361578.html...

    Posted 16 years ago #

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