In September 2000 Saddam Hussein announced Iraq would no longer accept US dollars for Iraqi oil. Iraq was invaded by neo-con troops the next year to bring Iraq's oil reserves under control of the world's international oil companies, predominantly British and American. It was not an invasion to secure oil for Americans, but to secure the oil for the elitist oil companies. Oil, like all commodities, is sold on world bourses to the highest bidders. Remember the Soviet grain deal giveaway in the '70s & '80s because of which we all had to pay more for our bread? Same thing. This was an effort by our elected leaders to prop-up the Communist dictatorship in Russia. World oil production may have peaked as the 'peak oilers' contend, but the ultimate fate of fiat currencies and who controls the remaining oil will be determined long before the oil reserves run dry. And that is as I see it.
It was never in this nation's national interest that our troops steal the Iraqi oil, but in the interest of the CFR and the globalist banking and energy cabals. Attacking Iraq was fair warning to other rogue governments which may be planning similar decouplings from the world globalists. This is what terrorists do to intimidate, frighten, and convey a strong message what fate will befall others who resist those taking us on a journey to a new world order. This is what terrorists do. They terrorize.
From what we can determine the US invasion and concurrent devastation of Iraqi life has been successful in discouraging Iran from going ahead with their Iran Oil Bourse, originally scheduled to open in March 2006. While the neo-cons still have all their war "options on the table", there is no pressing need for Iran to open an oil bourse to compete with the London IPE, or the NYMEX. The drop in the US$ has been far more threatening to the US Government, and by extension the banking cartel, than any competing oil bourse could precipitate. Israel stands poised to become the spearhead of an attack on Iran should it be called upon by the Anglo-American establishment. What could have been the reason that the Israeli Prime Minister asked that the US taxpayer foreign aid be made in euros, and the usual US$ currency? Could it be to ensure that Israel would have the required oil for an attack? But, even still, Israel would have been more than able to covert any dollars into euros. Was it to put the currency risk back onto the US taxpayer, or something else?
If I were permitted to pose a question to Iranian President Ahmadinejad at his recent roasting at Columbia University, I would have asked: "Mr. President, what is the current plan for Iran's world oil bourse, and to what extent has your agreement to sell oil to China alleviated other threats to your sovereignty?". Not surprisingly, this whole thread of US$ divestiture from oil is ignored by our MSM (Mainstream Media). Understandable though, as they are under CFR guidance as well.
Whatever the end result shall be, Democrat and Republican foreign policies over decades has so destabilized the Middle East that we cannot envision a modicum of stability being restored even in the lifetimes of our grandchildren.
Ron Paul has it right. We should just march home as we just marched in. The whole world will be a safer place to raise our families. With commodity-pegged currencies such as gold and silver competing with dishonest paper banknotes, real free trade, not managed trade will flourish.
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