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Politics : Impeach George W. Bush
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To: steve harris who wrote (51112)1/11/2006 8:30:06 PM
From: sea_biscuit  Read Replies (1) of 93284
 
The real reason for invading Iraq was to restore the US dollar hegemony as Iraq had priced its oil in Euros since late 2000 and there was a danger that others might follow in Iraq's footsteps. Now, Iran is committing an even bigger "sin", not with its nuclear program, which will take many years before it is any threat to the region, let alone the US, but by opening an oil trading exchange in March that will allow oil trading in Euros.

The most pragmatic approach would be for the US to compromise with the EU and OPEC and work towards a dual-currency system for international oil trades. That might cause some small and short-term economic hardships but would be preferable to launching an expensive and bloody "Operation Iranian Freedom" (again with no exit strategy, of course).
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