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Dollar Hedgemony, this is old but it bears repeating for those who don't know

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HysteryDiagnosis Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-07-11 11:23 AM
Original message
Dollar Hedgemony, this is old but it bears repeating for those who don't know
that there may have been more reasons that WMD's for the invasion of Iraq. YES CONDI HOW HIGH IS THE PRICE for your "sense of security". YOU LIE!! And that's a fact.

http://www.lewrockwell.com/paul/paul303.html

In November 2000 Saddam Hussein demanded Euros for his oil. His arrogance was a threat to the dollar; his lack of any military might was never a threat. At the first cabinet meeting with the new administration in 2001, as reported by Treasury Secretary Paul O'Neill, the major topic was how we would get rid of Saddam Hussein — though there was no evidence whatsoever he posed a threat to us. This deep concern for Saddam Hussein surprised and shocked O'Neill.

It now is common knowledge that the immediate reaction of the administration after 9/11 revolved around how they could connect Saddam Hussein to the attacks, to justify an invasion and overthrow of his government. Even with no evidence of any connection to 9/11, or evidence of weapons of mass destruction, public and congressional support was generated through distortions and flat out misrepresentation of the facts to justify overthrowing Saddam Hussein.

There was no public talk of removing Saddam Hussein because of his attack on the integrity of the dollar as a reserve currency by selling oil in Euros. Many believe this was the real reason for our obsession with Iraq. I doubt it was the only reason, but it may well have played a significant role in our motivation to wage war. Within a very short period after the military victory, all Iraqi oil sales were carried out in dollars. The Euro was abandoned.

In 2001, Venezuela's ambassador to Russia spoke of Venezuela switching to the Euro for all their oil sales. Within a year there was a coup attempt against Chavez, reportedly with assistance from our CIA.
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sasha031 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-07-11 11:41 AM
Response to Original message
1. thank you so much for posting this
Edited on Sat May-07-11 11:46 AM by sasha031
this is one of the major reason we went to war in Iraq.

I don't agree with Ron Paul on most issues, But he is right on with this.
He is the smartest guy in the room when it comes to Repub's, I have no idea how he has stayed in that party for so long.
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-07-11 11:45 AM
Response to Original message
2. Every DUer should read that book. It is very revealing.
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TheWraith Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-07-11 06:38 PM
Response to Original message
3. You know that LewRockwell.com is a right wing lunatic fringe site, yes?
Other articles describe how Ron Paul will win the Presidency in 2012, anti-Obama screeds, and praise of Mel Gibson.

Also, the whole tenuous web of "facts" (most of which are bogus) about petrodollar conspiracies fall apart really fast when you start doing research on it.
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