I think Lancelot has your measure invi

What prompted the U.S. attack on Iraq, a country under sanctions for 12 years (1991-2003), struggling to obtain clean water and basic medicines? A little discussed factor responsible for the invasion was the desire to preserve "dollar imperialism" as this hegemony began to be challenged by the euro.


There you go I said it..

Let me educate u,poor man. In 1953,the C.I.A. (vomits) went into Iran and undermined a democratically elected leader, Mossadegh, bcoz he wanted to Nationalise the country's Oil , they got the Shah in power, and i think we all kno the rest .

What prompted the U.S. attack on Iraq, a country under sanctions for 12 years (1991-2003), struggling to obtain clean water and basic medicines? A little discussed factor responsible for the invasion was the desire to preserve "dollar imperialism" as this hegemony began to be challenged by the euro.


There you go I said it..

Oil can be bought from OPEC only if you have dollars. Non-oil producing countries, such as most underdeveloped countries and Japan, first have to sell their goods to earn dollars with which they can purchase oil. If they cannot earn enough dollars, then they have to borrow dollars from the WB/IMF, which have to be paid back, with interest, in dollars. This creates a great demand for dollars outside the U.S. In contrast, the U.S. only has to print dollar bills in exchange for goods. Even for its own oil imports, the U.S. can print dollar bills without exporting or selling its goods. For instance, in 2003 the current U.S. account deficit and external debt has been running at more than $500 billion. Put in simple terms, the U.S. will receive $500 billion more in goods and services from other countries than it will provide them. The imported goods are paid by printing dollar bills, i.e., "fiat" dollars.

The Invasion of Iraq

Dollar vs Euro

Killing to preserve the Dollar


A Million Died for Money


Money is The Root of ALL EVIL

Just bringing it to your notice Con

Fiat money or currency (usually paper money) is a type of currency whose only value is that a government made a "fiat" (decree) that the money is a legal method of exchange. Unlike commodity money, or representative money, it is not based in any other commodity such as gold or silver and is not covered by a special reserve. Fiat money is a promise to pay by the usurer and does not necessarily have any intrinsic value. Its value lies in the issuer's financial means and creditworthiness.

Such fiat dollars are invested or deposited in U.S. banks or the U.S. Treasury by most non-oil producing, underdeveloped countries to protect their currencies and generate oil credit. Today foreigners hold 48 percent of the U.S. Treasury bond market and own 24 percent of the U.S. corporate bond market and 20 percent of all U.S. corporations. In total, foreigners hold $8 trillion of U.S. assets. Nevertheless, the foreign deposited dollars strengthen the U.S. dollar and give the United States enormous power to manipulate the world economy, set rules, and prevail in the international market.

Thus, the U. S. effectively controls the world oil-market as the dollar has become the "fiat" international trading currency. Today U.S. currency accounts for approximately two-thirds of all official exchange reserves. More than four-fifths of all foreign exchange transactions and half of all the world exports are denominated in dollars and U.S. currency accounts for about two-thirds of all official exchange reserves. The fact that billions of dollars worth of oil is priced in dollars ensures the world domination of the dollar. It allows the U.S. to act as the world's central bank, printing currency acceptable everywhere. The dollar has become an oil-backed, not gold-backed, currency.

http://frankwarner.typepad.com/free_frank_warner/2004/03/un_oilforsaddam.html

Remember how Saddam Hussein’s defenders used to blame U.N. sanctions for 10,000 deaths a month because Iraqi children were denied food and medicine?

Of course, the pseudo-liberals made that argument only when they knew the United States favored the sanctions. When the U.S. decided to remove Saddam altogether, the terrible sanctions suddenly were a good thing, part of a perfectly acceptable “containment.”

To the friends of fascism, it suddenly was worse to risk several thousand lives in a one-time U.S.-backed liberation than to continue killing 10,000 a month – or whatever the real number was – through hunger and disease.

Certainly the sanctions hurt the Iraqi people. The trade blockade was supposed to encourage Saddam to comply with U.N. resolutions requiring that he stop repressing the Iraqi people, return Kuwaiti prisoners of war, abandon support for terrorists, and cooperate with U.N. weapons inspectors. But Saddam continued his repression and lawlessness.

Which is why the U.N. Oil-for-Food Program was established in 1995 under U.N. Resolution 986. The program let Saddam sell about $4 billion of Iraqi oil each year as long as Saddam promised, and the U.N. could guarantee, that the oil money was spent only on food and medicine for the Iraqi people.

Well, guess what? Not all that money went to food and medicine.

U.S. congressional investigators reported today (March 18) that Saddam violated the Oil-for-Food program so often, using smuggled oil, surcharges and kickbacks, that he illegally “skimmed” $10.1 billion for himself.

While his people were starving and babies were dying without medicine, Saddam spent much of the ill-gotten cash on his palaces, police and fascist platoons. Billions of dollars were stashed away for his family. Some money was set aside to bribe world leaders. And if you recall, he himself was not wanting for cash even when he was pulled from that spider hole three months ago.

If you need yet another justification for Saddam’s ouster, the proof is there in his violation of Resolution 986. He stole his nation’s wealth and allowed many thousands to die each year because of his greed.

Ïf a >Currency is backed by a Commodity,it is no longer a Fiat-Currency!
But neither the Dollar nor the Euro are tied to anything!
They're lighter than Air-Currencies!

Oil is priced in Dollars Not Euros.

Saddam and Qaddafi wanted paying in Euros for their Oil so they were Extremely Censored

alternative energy,,, take us from being dependendent upon others to being independent of others,,,