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Politics : Foreign Affairs Discussion Group

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To: neolib who wrote (168975)	8/14/2005 3:46:59 PM
From: Noel de Leon	Read Replies (1) of 281500

Overtones of conspiracy? "Throughout 2004 information provided by former administration insiders revealed the Bush/Cheney administration entered into office with the intention of toppling Saddam.[1][2] Candidly stated, 'Operation Iraqi Freedom' was a war designed to install a pro-U.S. government in Iraq, establish multiple U.S military bases before the onset of global Peak Oil, and to reconvert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency ( i.e. "petroeuro").[3] However, subsequent geopolitical events have exposed neoconservative strategy as fundamentally flawed, with Iran moving towards a petroeuro system for international oil trades, while Russia evaluates this option with the European Union." I recall being pooh-poohed when I said that Iraq was about oil and not about WMDs. A non-conspiratorial economic analysis of the petroeuro concept would have to include an analysis of the US current accounts deficit, federal debt, and consumer debt. In addition the strong reduction in manufacturing that is going on in the US(for an understanding as to why a petroeuro is to be preferred to a petrodollar).

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