24 Jan 2006
Iran’s Oil Exchange threatens the Greenback
*Here is an article I just came across which struck me as really important, and which you should read in order to make sense of events happening around Iraq at the moment. I don’t make a habit of posting articles from elsewhere, but this is an important piece. International events make much more sense when we understand what is going on behind the scenes.*
**Iran’s Oil Exchange threatens the Greenback** – by Mike Whitney of OpEdNews.com. – view original source.
The Bush administration will never allow the Iranian government to open an oil exchange (bourse) that trades petroleum in euros. If that were to happen, hundreds of billions of dollars would come flooding back to the United States crushing the greenback and destroying the economy. This is why Bush and Co. are planning to lead the nation to war against Iran. It is straightforward defense of the current global system and the continuing dominance of the reserve currency, the dollar.
The claim that Iran is developing nuclear weapons is a mere pretext for war. The NIE (National Intelligence Estimate) predicts that Iran will not be able to produce nukes for perhaps a decade. So too, IAEA chief Mohammed ElBaradei has said repeatedly that his watchdog agency has found “no evidence