People who keep listening to BushCo & the media (MSM) Don't understand...

[LaPera]

how devastating it would be to BushCo when oil rich Iran drops the Dollar (March 20th) in favor of the Euro for its oil.

STOP listening to the mainstream media and BushCo lies, what they are telling you that the reason is all about Iran's nuclear power...it's just pushing more...FEAR!!! Just like Iraq and Weapons of Mass Destruction, more pushing of...FEAR!!!

This is just another Bush smokescreen. Bush, he lies about EVERYTHING and he's lying about this as well...It's about the US Dollar vs the Euro -- Iran wants to go to the Euro for it's petrol!!!

This is from a right-wing business site...

"Jonas, I believe we must engage the enemy on his own soil, or do it here. We cannot allow Iran to go to a euro denominated oil. It can't be allowed to happen. The effects on our economy would be astounding possibly devastating. Iran has given us the edge, we can institute sanctions, punish them economically and ensure their oil stays pegged to the dollar, guarantee the success of Iraq all under the ospice the U. N. security council. Europe backs us, India doesn't want to, but after the remarks from Iran's leader they have no choice. Israel backs strikes against Iran, no surprise. You cannot allow a maniac to have nukes. Russia could pull a rabbit out of a hat and astound us all with their control over Iran, but so far they have not shown a willingness to do so, however there is time. When bonds have a strong showing on Monday and throughout the week it will be the strongest signal we have had in this amazingly risky venture. Personally I have not made a dinar purchase in months I have been waiting and watching for a clear definitive signal. If next week goes as the experts are predicting, I go all in next Friday. Lance"

http://www.investorsiraq.com/conservative-speculative-discussions/13908-iran-protection-our-investment.html

This is from a more moderate site...

"Similar to the Iraq war, military operations against Iran relate to the macroeconomics of ‘petrodollar recycling’ and the unpublicized but real challenge to U.S. dollar supremacy from the euro as an alternative oil transaction currency.

It is now obvious the invasion of Iraq had less to do with any threat from Saddam’s long-gone WMD program and certainly less to do to do with fighting International terrorism than it has to do with gaining strategic control over Iraq’s hydrocarbon reserves and in doing so maintain the U.S. dollar as the monopoly currency for the critical international oil market. Throughout 2004 information provided by former administration insiders revealed the Bush/Cheney administration entered into office with the intention of toppling Saddam Hussein.

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”). 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."

http://www.energybulletin.net/7707.html

This from a progressive site... ("What you WON"T find on CNN")

The Real Reasons Why Iran is the Next Target:
The Emerging Euro-denominated International Oil Marker

"The Iranians are about to commit an "offense" far greater than Saddam Hussein's conversion to the euro of Iraq’s oil exports in the fall of 2000. Numerous articles have revealed Pentagon planning for operations against Iran as early as 2005. While the publicly stated reasons will be over Iran's nuclear ambitions, there are unspoken macroeconomic drivers explaining the Real Reasons regarding the 2nd stage of petrodollar warfare - Iran's upcoming euro-based oil Bourse."

"Many political commentators have pointed out that the deficit-ridden US and British economies have only been able to continue their unsustainable ways because the US dollar enjoys the artificial privilege of being the world’s reserve currency. The world’s two existing oil markets, the NYMEX in New York and the International Petroleum Exchange in London, both owned by US capital, insist on all oil transactions being conducted in US dollars. For this reason, all countries must have substantial reserves of dollars to ensure vital supplies of fuel energy. This means that the US economy can go on accumulating stratospheric debts because they can just keep printing more dollars, knowing that the rest of the world will have to take them in order to keep their oil supplies coming."

http://www.informationclearinghouse.info/article11859.htm

[Zinfandel]

1. Seems you caught most here at DU by surprise, most simply believe what

they see on TV, that is fed to them by the Bush administration, and they really want to believe the load of shit they get from the corporate media It's easier for them because its all laid out for them and they don't have to think.

But you are correct dude.

[LaPera]

2. Maybe...n/t

[MadMaddie]

3. LaPera You are preaching to the choir!!!

Of course it's about the US Dollar vs the Euro -- Iran wants to go to the Euro for it's petrol!!! So what's * response lets go to war (because of nukes) to protect the dollar.

[LaPera]

4. I truly hope so...n/t