Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Bush-The Mastermind behind 9/11? -- Ignore unavailable to you. Want to Upgrade?

To: twmoore who wrote (11737)	10/4/2005 10:43:22 AM
From: Sidney Reilly	Respond to of 20039

The part about keeping the dollar as the pre-emminent currency in the world is very true and I think that is really what the war is about. Controlling the 2nd largest oil reserve in the world (Iraq) and making sure the world oil industry is dominated by the dollar. Someone has to keep financing our national debt. The US gov cannot keep operating if no one buys the treasury bills that finance the deficits. Oil profits go into treasury bills. Who else could finance that kind of money? 300-400 billion a year? The US has to dominate now to survive.

To: twmoore who wrote (11737)	10/4/2005 1:08:35 PM
From: Don Earl	Read Replies (2) \| Respond to of 20039

The reason for invading Iraq is contained in a report commissioned by Cheney, and headed by James Baker, back in early 2001. Trading in dollars played no role in the conclusions of that report. Without quite coming right out and saying it, the report described Iraq's ability to eliminate price fixing in world oil markets. Prior to the US invasion, a liter of gas in Iraq was a nickel, just to give you an idea of how cheaply Iraq was able to produce oil and undercut the rest of the market. Price fixing only works when everyone is willing to play along with the scam. Maverick OPECers like Hussein are not to be tolerated. Desert Storm, ten years of oil sanctions, and the most recent invasion serve one purpose, and one purpose only; to curtail Iraqi production enough to price fix the market. Forget about peak oil theories and oil for dollar theories. They're mainly just smoke screens and red herrings. There is one foreseeable and obvious outcome of the invasion of Iraq and that's the resulting nearly three fold increase in oil prices from 5 years ago. When there's an elephant standing in your living room, there's no reason to inspect the foundation to determine why the floor is sagging. When gas goes from $1.10 a gallon to $3.30 per gallon, in less than 4 years, there's no reason to invent wild theories to explain the motivation behind murder for profit. The elephant is standing in front of the pumps every time you stop for gas.