Some time ago, just a few days after the U.S. invaded Iraq, I posted my take on why the U.S. had invaded Iraq. One of the reasons that I gave was that the U.S. wished to undermine the euro in order that the price of oil would continue to be based on the dollar. The value accorded the U.S. dollar on the international market depends on this oil/dollar linkage. Should this link be broken the value of the U.S. dollar would plummet. My original contention seems to me valid and may in fact be one of the reasons that underlie current U.S. intransigence toward Iran and, to a lesser degree, Venezuela. These web sites have to do with war, oil and the dollar:
http://www.thirdworldtraveler.com/Iraq/Iraq_dollar_vs_euro.html: The Invasion of Iraq: Dollar vs Euro Re-denominating Iraqi oil in U. S. dollars, instead of the euro by Sohan Sharma, Sue Tracy, & Surinder Kumar Z magazine, February 2004
http://inflationdata.com/articles/category/printing-money-2/: What are “Foreign Exchange Reserves”? Published December 28, 2012 | By JRO Will the U.S. Dollar Be Replaced as the World’s Reserve Currency?
http://www.forbes.com/sites/bobmcteer/2012/08/12/when-money-dies/: Washington 8/12/2012 @ 7:26PM |1,119 views When Money Dies
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http://www.projectcensored.org/top-stories/articles/9-irans-new-oil-trade-system-challenges-us-currency/: 9. Iran’s New Oil Trade System Challenges U.S. Currency Top 25 of 2006 Apr 29, 2010 Source: GlobalResearch.ca, October 27, Title: “Iran Next U.S. Target,” Author: William Clark