DarkMagus
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Why America WILL invade Iran?
Apr 21, 2006, 17:39
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...the same reason they invaded Iraq. Iraq was selling it's oil in euros rather than the usual dollars. Immediately after the invasion they switched back to dollars. Funny that.
Now, Iran has plans to switch its oil sales from dollars to euros. The date it's going to start keeps being moved back (previously March 2006), but will probably be soon. China, amongst others, have already agreed to go with this and are cutting their dollar reserves.
The implications for America's economy of more and more oil being sold in euros are disastrous. As it stands the US can print money and buy oil: this is the fundamental reason for their prosperity over the last century. Imagine if all those dollars round the world start coming home because no one needs them to buy oil? It's value would collapse. Worse still, the US would have to buy euros to buy oil with it's devalued currency. It's already lost 25% of it's value against the euro in the last 5 years.
Russia has also threatened a switch to the euro, therefore the US will do almost anything to keep them sweet. After all, invasion is unthinkable. Now, as for Iraq who don't have nukes....
The US is staring decline in the face and only has it's armed might left to try and maintain it's hegemony. This can be likened to the last days of another empire: that of the Romans.
Is it clear now why (US citizen) Rupert Murdoch's papers are so anti-euro?
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Lawrence
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Re: Why America WILL invade Iran?
Apr 21, 2006, 19:42
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Explains that crap France boycott.
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Popel Vooje
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Re: Why America WILL invade Iran?
Apr 24, 2006, 22:55
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This is all true. But will the American electorate, or the economy for that matter, support another war at this point? I'm not so sure.
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Kid Calamity
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Re: Why America WILL invade Iran?
Apr 25, 2006, 07:18
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Ah, but the American electorate want their cars even more than they want their burgers.
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Vybik Jon
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Re: Why America WILL invade Iran?
Apr 25, 2006, 10:08
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Minor amendment, they want their cars AND cheap petrol to run them.
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PlateOfFood
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Re: Why America WILL invade Iran?
Apr 25, 2006, 10:51
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The key to all this seems to be the PSAs - Production Sharing Agreements - not that you hear about them in the Western media. They seem to basically be a cast-iron legal way for the wealth of the Iraqi oil to flow into the hands of the Western Big Oil companies, for the next 40 years, or until the oil has all gone, in other words. There's a good overview here:
http://www.atimes.com/atimes/Middle_East/HD11Ak01.html
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Kid Calamity
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Re: They already have.
Apr 25, 2006, 21:24
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Oh shit.
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Lawrence
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Re: They already have.
Apr 25, 2006, 21:59
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OOOOOOEEEEEOOOOOOOOO
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DarkMagus
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Re: Why America WILL invade Iran?
Apr 25, 2006, 22:02
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Unless a truly independent (ha) Iraq does what they did before and nationalise oil..... Cue another invasion.
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DarkMagus
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Re: They already have.
Apr 25, 2006, 22:04
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Sometimes it's not good to be right.
I never thought I'd say this, but it would be better if Iraq HAD nuclear weapons.
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