So the Euro is a weapon of mass destruction?
Makes sense.
HS
THE REAL REASON THE US INVADED IRAQ! EURO VS WORTHLESS DOLLAR
by What-A-Coincidence 31 Replies latest social current
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DanTheMan
Hi beksbks, yes, you're right. I've been poking around the internet for the last couple of hours, reading some things and watching the vids that Ip-Sec shared (great stuff, thanks for sharing!) and yes, it's not so much an increase in demand in the US for Euros that would create economic catastrophe, but the liquidation of the vast reserves of American currency held by foreign banks onto the exchange markets (far more than the US treasury could purchase by issuing bonds, as is the current practice for mopping up excess dollars in these markets) that would be triggered by a switch to Euros as the standard currency for purchasing oil, as Hugo Chavez proposed to the other member countries of OPEC back in 2002.
And as support for this conspiracy theory, it was only shortly after the invasion of Iraq back in '03 that Iraq went back to selling oil for dollars.
Ah, what tragically interesting times we live in.
Ip_sec, I especially enjoyed part 8 where he admits that his attraction to doom-and-gloom books about Peak Oil is probably because of the emptiness of his own life. Hey I resemble those remarks, LOL. -
Deputy Dog
WAC
Good (old) Joke! 2005?
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Deputy Dog
Simon
You like that propaganda do ya? Maybe Barack Hussein Obama will make it all better for Canada.
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IP_SEC
Thank you Dan.
This is a very important, oft overlooked nuisance to this war.
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IP_SEC
If they suddenly dump them all for Euros, then the value drops to nothing.
yes. Too much dollars in circulation is a main cause of inflation. Dumped oil dollars back into our economy = inflation like you never seen before.
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The Nothing Man
It all happens according to God's will, the Lord will return
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5go
Wow I believe I brought this up a year ago.
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5go
oh! BTW OPEC dump the dollar a few months ago. Right before the great american energy crisis.
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DanTheMan
oh! BTW OPEC dump the dollar a few months ago. Right before the great american energy crisis.
Can you provide a link verifying this? I found a few articles from around February of this year that stated that OPEC was considering a switch to the Euro (a switch that would be spread over a number of years), but nothing stating that this has actually taken place.