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The Organization of Petroleum Exporting Countries (OPEC) is shifting away from total reliance on the dollar as an international currency - and adopting the euro as an alternative. This is probably the US government's worst nightmare, economically speaking. Saddam Hussein's biggest crime in the minds of the US is his demand to be paid in euros instead of dollars for the oil that Iraq exports.

In November 2000, Iraq announced that it would cease to accept dollars for its oil, and would accept instead only euros. At the time, financial analysts suggested that Iraq would lose tens of millions of dollars in value because of this currency switch; in fact, over the following two years, Iraq made millions. Other oil-exporting nations, including Iran and Venezuela, have stated that they are contemplating a similar move. If OPEC as a whole were to switch from dollars to euros, the consequences to the US economy would be catastrophic. Investment money would flee and Americans would shortly find themselves living in Third-World conditions.

2007-10-06 20:48:23 · 8 answers · asked by acer_junior 2 in News & Events Current Events

8 answers

OIL

There are only two reasons why nations 'go to war' - blind stupidity or economic gain. In the US's case its usually both.

2007-10-06 20:56:14 · answer #1 · answered by Anonymous · 2 2

Yeah, this is between the top-rated motives why the neo-cons want conflict with Iran, and this is not any longer something to do with US economic pastimes, yet each thing to do with the present administration's kin enterprise pastimes. I undergo in strategies that interior the 1st few days of the invasion of Iraq, the provisional coalition authority flew in shipment planes packed with us money into Baghdad. actually a lot of money to unfold around on dissimilar "actual projects" so as that it may be the dominant forex in Iraq. Makes it greater straightforward to sell them crap for oil if the only thank you to replace products & centers is with your forex. As for the previous answerer, in spite of each thing those years, i won't be able to have self belief the lies Bush instructed approximately Saddam being in touch with 9/11, the training & financing of terrorists are nevertheless retold via human beings caught in a timewarp. Get this straight away: The CIA funded and knowledgeable human beings in Afghanistan to combat the Russians - this is a controversy of historic checklist. The Mujahedeen, Al Queda, Taliban, despite, is a creation of yankee involvement in Afghanistan. Saddam had no longer something in any respect to do with 9/11. Iran had no longer something to do with 9/11. those are data. in spite of each thing those years, you are able to would desire to be clinically insane to maintain repeating Bush's lies, yet some human beings save on doing them!

2016-10-10 11:17:48 · answer #2 · answered by liptak 4 · 0 0

USA still regards Iran as their property. They have never forgiven the Iranians for kicking the Shah out. The Shah was America's man whom they had helped destroy a democratically elected government.
It is all about oil and oil security. The money is a strong but still only secondary consideration. Without the Oil the American war machine grinds to a complete halt.

2007-10-06 21:02:42 · answer #3 · answered by Y!A-FOOL 5 · 3 2

Since you don't or, won't believe any of the issues on the table, you apparently have your own, that's why your hear, to make a statement, not ask a question so, go for it.

2007-10-06 21:50:21 · answer #4 · answered by cowboydoc 7 · 1 1

Enter ---- the Amero !!

And, in answer to your original question (you did want an answer for that, didn't you ?)

The U S A is seeking a corridor from Afghanistan to the Persian Gulf !!

2007-10-06 20:59:31 · answer #5 · answered by Anonymous · 4 1

wow...another person who thinks all of america wanted to go to war in iraq...oh wow, war for oil thats a new theory as well...

2007-10-06 20:58:02 · answer #6 · answered by applebeer 5 · 0 3

Seems you answered your question. Did you just want to make a statement?

2007-10-06 20:53:30 · answer #7 · answered by jan c 4 · 1 3

TO STOP ISLAM FROM TAKEING OVER THE WORLD
AND WE SHOULD ALL SAY THANKS...GO U.S.A

2007-10-06 21:01:07 · answer #8 · answered by joy b 1 · 1 4

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