growedup:
Since you didn't voice this opinion, you just passed it along, I feel comfortable in saying that this sounds pretty lame to me. If he really wanted the "peace and security" that having WMD affords, he'd have been telling everyone he had them - he wouldn't have been denying it. In fact, I think he would have gloated about it even if saying he had them was a bald-faced lie.
I'd actually have to disagree. If Saddam openly admitted having WMDs, France and Germany would have no choice but to support an invasion. So he was trying to play a balancing game... keeping the threat of WMDs as a deterrent, without scaring the world badly enough to make them call his bluff.
I'm not saying this is definitely what happened. But it seems to me like the best fit for the evidence so far.
DakotaRed... I see that article dates back to August. Interesting rabbit-trails, but if they had led to anything by now, I'm sure the administration would have made it quite public, especially since Bush was getting flogged in the press.