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cosmicaug Donating Member (676 posts) Send PM | Profile | Ignore Sun Feb-22-04 02:21 AM
Original message
Maybe I'm going to have to believe GoreN4
From another thread: http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=104&topic_id=1144942

Karen Kwiatkowski mentioned three reasons why the neo-cons felt we needed to take out Hussein. Note the third reason.

Quoting Karen Kwiatkowski in the LAWeekly article:
The last reason is the conversion, the switch Saddam Hussein made in the Food for Oil program, from the dollar to the euro. He did this, by the way, long before 9/11, in November 2000 — selling his oil for euros. The oil sales permitted in that program aren’t very much. But when the sanctions would be lifted, the sales from the country with the second largest oil reserves on the planet would have been moving to the euro.

The U.S. dollar is in a sensitive period because we are a debtor nation now. Our currency is still popular, but it’s not backed up like it used to be. If oil, a very solid commodity, is traded on the euro, that could cause massive, almost glacial, shifts in confidence in trading on the dollar. So one of the first executive orders that Bush signed in May <2003> switched trading on Iraq’s oil back to the dollar.
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mstrsplinter326 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-22-04 02:40 AM
Response to Original message
1. wow
it blows my mind that this stuff is out there for all to see and so few care.
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Old and In the Way Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-22-04 02:47 AM
Response to Reply #1
2. Been discussed on the board for almost 2 years....
check out the old DU1 forum.
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Petrodollar Warfare Donating Member (628 posts) Send PM | Profile | Ignore Sun Feb-22-04 01:49 PM
Response to Original message
3. 'Revisited - The Real Reasons for the Upcoming War With Iraq'
Karen Kwiatkowski and I are in complete agreement. I updated the original essay somewhat extensively last month, below are links to some of the updates (Essay can be printed in pdf format on this site as well, but it's 50 pages long...but I think most folks will find it quite interesting....


Revisited - The Real Reasons for the Upcoming War With Iraq:
A Macroeconomic and Geostrategic Analysis of the Unspoken Truth
http://www.ratical.org/ratville/CAH/RRiraqWar.html

Summary

...Although completely unreported by the U.S. media and government, the answer to the Iraq enigma is simple yet shocking -- it is in large part an oil currency war. One of the core reasons for this upcoming war is this administration's goal of preventing further Organization of the Petroleum Exporting Countries (OPEC) momentum towards the euro as an oil transaction currency standard. However, in order to pre-empt OPEC, they need to gain geo-strategic control of Iraq along with its 2nd largest proven oil reserves. The second coalescing factor that is driving the Iraq war is the quiet acknowledgement by respected oil geologists and possibly this administration is the impending phenomenon known as Global "Peak Oil." This is projected to occur around 2010, with Iraq and Saudi Arabia being the final two nations to reach peak oil production. The issue of Peak Oil has been added to the scope of this essay, along with the macroeconomics of `petrodollar recycling' and the unpublicized but genuine challenge to U.S. dollar hegemony from the euro as an alternative oil transaction currency. The author advocates graduated reform of the global monetary system including a dollar/euro currency `trading band' with reserve status parity, a dual OPEC oil transaction standard, and multilateral treaties via the UN regarding energy reform. Such reforms could potentially reduce future oil currency and oil warfare. The essay ends with a reflection and critique of current US economic and foreign policies. What happens in the 2004 US elections will have a large impact on the 21st century.


Background on Hydrocarbons and US Geostrategy
http://www.ratical.org/ratville/CAH/RRiraqWar.html#p2b

...To understand US Geostrategy one needs to have a realistic appreciation of the importance of hydrocarbons, the phenomenon referred to as Peak Oil, and the importance of Iraq's oil reserves with respect to these issues. I should note that two types of data exist regarding oil reserves, "political data" and "technical data."....


Post-War Commentary (January 1, 2004)
http://www.ratical.org/ratville/CAH/RRiraqWar.html#p4

"Why of course the people don't want war. . . . That is understood. But, after all, it is the leaders of the country who determine the policy, and it's always a simple matter to drag the people along whether it's a democracy, a fascist dictatorship, a parliament or a communist dictatorship . . . the people can always be brought to the bidding of the leaders. . . . All you have to do is tell them they are being attacked, and denounce the pacifists for lack of patriotism, and exposing the country to greater danger."
--Hermann Goering, Nazi Reichsmarshal and Luftwaffe chief
at Nuremberg trials, 1945

...From the Roman Empire to today, the propaganda tactics for war as discussed by Hermann Goering remain effective. It is deplorable that even in the US or UK, people can always be "brought to the bidding of the leaders." It is New Years Day, almost nine months since the invasion of Iraq. The American people are slowly realizing how much they were misled about this war. Many books will be written about how these events unfolded, so I will only briefly summarize my general observations in a few opening paragraphs, and then return to the basic underlying Geostrategic and macroeconomic reasons for the Iraq war. First, it has emerged that a small clique of neoconservative ideologues and an Iraqi exile provided most of the fraudulent "intelligence data" that was publicized by the Executive Branch. This disinformation was apparent before the war, but now it is simply irrefutable. A brief synopsis of events follows....

Comments or critiques are welcome. (btw, there are a few typos in the updated section that the webmaster has not yet corrected...)


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Petrodollar Warfare Donating Member (628 posts) Send PM | Profile | Ignore Thu Feb-26-04 11:30 AM
Response to Reply #3
4. Question about euro-gold-oil-ECB/BIS...
Edited on Thu Feb-26-04 11:35 AM by GoreN4
((I am not sure what to make of this email that I received today. I am not aware of the ECB involvement in the gold market, but if anyone can elaborate on this, please do, thanks!))


SUB: THE REAL REASONS FOR THE WAR WITH IRAQ....

Dear Sir,

You overlooked the most important element in the whole euro-dollar-oil equation : GOLD !!!

Arabian oil is the receiver of Physical Gold-flows (commitments through ECB/BIS) in exchange for cheap, dollar-priced, oil flows.

Behind the euro, there is a modern, new Gold concept standing and will make the euro, the oil-currency.

Note and think deep about the ECB's * marking to market * of its Gold "exchange" (!!!) reserves !!!

Saudi Arabia is a BIS-member !!!

Underground gold from goldmines' forward sales (3,000 tonnes) for underground oil !!!

European CB-goldsales are gold-commitments via ECB and BIS as to pull China/Russia/ME into the euro (concept) block, associated with a coming new, modern, Physical Only, euro-goldmarket !!!

Thanks for your excellent essay. Much appreciated.

Euroxxx
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