Thursday, January 27, 2011
"Petro Euros vs. Petro Dollars"
"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 recent years - in the minds of the US elites - is his demand to be paid in euros instead of dollars for the oil that Iraq exports (it was a wise business decision, given that the dollar has dropped and the euro is now worth $1.10, as of March 10, 2003 - $1.20 reached in December, 2003) These articles provide background and detail about the war between the dollar and the euro, which will be waged by proxy in Iraq (and Iran)." Please Continue
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I remember there was a jay-z video with euros, not dollars but euros being flashed around in it to show the real currency of power. I think those of us that have been aware of the dollar/euro comparison saw this coming for sometime now.
ReplyDeleteSaddam Hussein has been a tyrant for years and the U.S. pretty much had no use for him any longer but he started trading (oil) in Euros instead of Dollars and the U.S. acted quickly -
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