instead of US dollars, will the US invade?
( Saddam switched to euros in 2000 (and later converted his $10 billion reserve fund at the UN to euros) and the euro gained 17% against the depreciating dollar. Iraq was invaded to put in place a government that would stifle OPEC's movement towards the euro, keeping the dollar as the standard oil currency. Iran is OPECs second largest producer and if it switches to the euro, the dollar will crash.
Perhaps this is the reason for the Iraq war - the axis of evil isnt terrorism per se, but American bankruptcy.)
2006-08-13
12:46:07
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9 answers
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asked by
Allasse
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in
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