Quote:
Originally Posted by The Bear
The principle trouble from the EU is trouble for the USA.
The change in the energy markets with oil increasingly being traded in Euro’s as opposed to dollars, is another and probably the greatest cause for concern for the USA government.
For decades the US dollar has been the only currency in which oil could be traded and that has been responsible for the entirely inappropriate exchange rate of the US dollar leading to the Americans being able to enjoy a standard of living way out of line with that which the real value of their currency should justify.
The USA economy had to be bailed out from the dreadful position it was in during the early 70’s following years of screwed up financial mismanagement. This was achieved by a Faustian deal with the Saudi royal family.
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This is why some times I can't understand some of your views.
You understand how the dollar is dependent on the control of oil yet you can not seem to grasp that the so called war on terror and the hatred that is being bread towards the middle east by the media is to justify Americas involvement in the middle east.
I'm no great fan of the Muslim religion but I can not bare to see the way we're being manipulated to justify killing innocent people who just want to get on with their lives.
Saddam was going to change to dealing his oil in Euro's thats why they took him out and Iran was also talking of dealling oil in euro's and surprise surprise now the war on terror is heading that way.
Stability in the middle east is the last thing the American government want.