Dollars, Oil, and the Big Wipe Out

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	Dollars, Oil, and the Big Wipe Out

Spiritualmonkey

9-2-2008 1:32 PM

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tags:

oil, money, dollars, military, iraq, peak oil

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/051e8d34-975f-430b-8faa-83f2404ae7a3/896E1402-76A6-44B6-AC4D-0A88DA418BF9/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.brasschecktv.com/page/349.html" href="http://www.brasschecktv.com/page/349.html" style="font-size: 11px;">www.brasschecktv.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.brasschecktv.com/page/349.html">The Petro-Dollar War</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.brasschecktv.com/page/349.html"><FONT size="2" face="verdana"><DIV>The first thing the US did when it invaded and took over Iraq was reverse Saddam Hussein's recently policy of demanding Euros in payment for his countries oil. </DIV>
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Some think that's what the war was all about and that Iran's insistence on receiving Euros for its oil is the real reason that country has been targeted. </DIV>
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Dollars? Euros? What's the difference? </DIV>
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The difference is this...if you are the dominant currency, you can support your lifestyle and war machine by printing more when you run out.</DIV>
Take that power away and there will be a very economic painful dislocation in the US.
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