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I always wondered why we had the need to have gone to Iraq and now are after Iran.
I think the following link makes a convincing argument.
http://www.321gold.com/editorials/petrov/petrov011706.html
this one is good too.....
http://www.ratical.org/ratville/CAH/RRiraqWar.html#p0
"the effect of an OPEC switch to the euro would be that oil-consuming nations would have to flush dollars out of their (central bank) reserve funds and replace these with euros. The dollar would crash anywhere from 20-40% in value and the consequences would be those one could expect from any currency collapse and massive inflation (think Argentina currency crisis, for example). You'd have foreign funds stream out of the U.S. stock markets and dollar denominated assets, there'd surely be a run on the banks much like the 1930s, the current account deficit would become unserviceable, the budget deficit would go into default, and so on. Your basic 3rd world economic crisis scenario"
I think the following link makes a convincing argument.
http://www.321gold.com/editorials/petrov/petrov011706.html
this one is good too.....
http://www.ratical.org/ratville/CAH/RRiraqWar.html#p0
"the effect of an OPEC switch to the euro would be that oil-consuming nations would have to flush dollars out of their (central bank) reserve funds and replace these with euros. The dollar would crash anywhere from 20-40% in value and the consequences would be those one could expect from any currency collapse and massive inflation (think Argentina currency crisis, for example). You'd have foreign funds stream out of the U.S. stock markets and dollar denominated assets, there'd surely be a run on the banks much like the 1930s, the current account deficit would become unserviceable, the budget deficit would go into default, and so on. Your basic 3rd world economic crisis scenario"
