Quote:
|
Originally Posted by Lanny_MacDonald
Okay, how about this theory for the reason to invade Iraq, and now have an eye on Iran... to save the empire. The American dollar is the defacto standard for trade because of the direct relationship between oil and the greenback. This artificially keeps the American currency strong, even in times of discord, when currencies traditionally take a beating. What if Bush and Co. were just protecting the empire by insuring the dollar remained the standard for oil purchases and the standard for international trade? Should the standard change currencies, the American dollar would likely be dumped on the open market causing the dollar to plummet and the deficit to rise to even greater levels than it is. Maybe the invasion of Iraq and sabre rattling with Iran is to prevent this change from being initiated by oil producers in the middle east?
Too much of a conspiracy theory for you?
|
Well, if that was their reason, it isn't working very well--since Oil prices have risen, and the US dollar is now taking a beating because of the deficit (among other reasons).
Alberta oil companies must be loving life about now, though...