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It's The EURO, Stupid...
The Real Reasons for the Upcoming War with Iraq:A Macroeconomic and Geostrategic Analysis of the Unspoken Truth
02.08.2003 - SierraTimes.com
The Real Reason for this upcoming war is this administration's goal of preventing further OPEC momentum towards the euro as an oil transaction currency standard. However, in order to pre-empt OPEC, they need to gain geo-strategic control of Iraq along with its 2nd largest proven oil reserves. President Bush intends to topple Saddam in 2003 in a pre-emptive attempt to initiate massive Iraqi oil production in far excess of OPEC quotas, to reduce global oil prices, and thereby dismantle OPEC's price controls. The end-goal of the neo-conservatives is incredibly bold yet singular in purpose, to use the "war on terror" as the premise to finally dissolve OPEC's decision-making process, thus ultimately preventing the cartel’s inevitable switch to pricing oil in euros.

Big Picture Perspective: "Everything else aside from the reserve currency and the Saudi/Iran oil issues (i.e. domestic political issues and international criticism) is peripheral and of marginal consequence to this administration. Further, the dollar-euro threat is powerful enough that they'll rather risk much of the economic backlash in the short-term to stave off the long-term dollar crash of an OPEC transaction standard change from dollars to euros. All of this fits into the broader Great Game that encompasses Russia, India, China." This information about Iraq’s oil currency is *censored* by the U.S. media and the Bush administration as the truth could potentially curtail both investor and consumer confidence, reduce consumer borrowing/ spending, create political pressure to form a new energy policy that slowly weans us off middle-eastern oil, and of course stop our march towards war in Iraq.

****The administration's strangle hold on the media cannot contain that provided by the Internet. This information needs to be provided to the American public if we are to make intelligent and informed decisions - if we are to let our elected know what we want them to do (as if they'd listen but that's another story altogether...) This is a lengthy but important article. Read it and make your own decisions...*****


posted by An Old Curmudgeon 11:39 AM


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