Did U.S invade Iraq to keep US dollar's supermacy?

[bushbush]

to avoid derailing another thread, i am opening this new topic to ask Conan the barbarian to show some credible proofs on this matter:

Yet they did stop Iraq from continuing to use the Euro. Iran ditched the dollar a while back and is now completely flanked by U.S. forces in every bordering country.
The dollars status as a reserve currency is in peril. The Federal Reserve banks are going all out to keep the dollar as strong as possible. Being able to print the dollar is an incredible source of power.

I ask you again do you believe that Obama is bombing qadaffi for humanitarian reasons?

surprise me.

Iraq is a part of OPEC add that together. They fear OPEC switching out of the dollar.

that's ing stupid. Iraq had no say in OPEC. And they were doing oil for food, at less than 10 billion a year, not selling oil on the international markets. you think 10 billion US dollar makes a difference in the international currency markets? Countries have trillions of reserves, 10 billion means nothing. Your BS defies logic and reality of international economy.

http://articles.economictimes.indiat...-prices-trades

oh god, it has nothing to do with Iran's nukes??? And iran can BS all it wants, its economy and oil export is far too small. No other OPEC country is listening to it anyways. That article is from 08 and i haven't heard a beep on it since. Any credible source this is the reason?

[Denny Crane!]

Have you considered that it isn't the amount but the precedent BushBush if you can contain your ire for a moment.

[bushbush]

Have you considered that it isn't the amount but the precedent BushBush if you can contain your ire for a moment.

Consumers and businesses exchange hundreds of billions on the internatoinal currency markets daily. I just don't see how Iraq even changing all of its gdp in 2000 into euro (which isn't possible under international sanctions) makes any impact whatsoever.

[skh1]

We went in because of alleged WMDs as I recall.

Did U.S invade Iraq to keep US dollar's supremacy?

This reason would have made more sense. Perhaps we should pass it on to Mr. Bush so he can revise his memoirs.

"Yeah, yeah, that was it. To keep the dollar supreme. They might just buy that and I wouldn't look so stupid after all."

[Trevarian]

We went in because of alleged WMDs as I recall.



This reason would have made more sense. Perhaps we should pass it on to Mr. Bush so he can revise his memoirs.

"Yeah, yeah, that was it. To keep the dollar supreme. They might just buy that and I wouldn't look so stupid after all."

The whole "WMD" theory was just made up as an excuse for us to move in and take their oil. There was never any evidence that they had WMDs of ANY kind.

[Simon Cashmere]

The whole "WMD" theory was just made up as an excuse for us to move in and take their oil. There was never any evidence that they had WMDs of ANY kind.

What oil has the US taken? Put the evidence right here. They have *never* taken any oil, they only want to buy it.

The WMD was a crock, but it was such an obvious transparent hopeless crock - I am not sure why it fooled anyone. But living as I did in the US, people *vehemently* believed it, and wanted to throw down with you if you *dared* say that it was not true, at the time.

They are bit less enthusiastic about these days.

Read the book - the Muslim Mafia. CAIR and others are still trying to prevent it from being sold, although, its already out there in all places. Perhaps I will put little pieces from my copy up here.

CAIR and others, which are MB front groups, have access to the highest levels of the US government. They have the ear of the CIA, the Congress, the US Military, the FBI - and are able to push their agenda which is directly opposite to that of the people fo the United States. All in the name of tolerance, don't you understand. All CAIR stooges have to say is 'Interfaith tolerance' and left wing (and even some right wing) fall over themselves to have a photo opportunity with them, alter policy, or discuss legislation. They were able to lobby successful to shut down Congressman King's important hearing into homegrown terrorists in the US - a very important topic, by crying crocodile tears about imaginary racism. Their talking points were read out, almost verbatim by politicians on Capital Hill.

Another Muslim Brotherhood attempt was to infiltrate societies of surgeons, both in the US and in Australia, and at the same time, publish papers calling for 'ritual nicks' as a culturally acceptable form of genital mutilation, all in the name of tolerance. Fortuantely that was put back in its box real quickly, but it was the MB again doing this.

The MB is far far more dangerous than AQ, because most of the public know what AQ is, what it believes, and is happy to fight it. The snake you cant see is far more dangerous than that which you can.

Almost no one in the general public knows what the MB is, but it is the Trojan Horse in Western society working to destroy it from within. And also, externally, they are working to install sharia regimes, everywhere, including in Egypt.

[xcorps]

The whole "WMD" theory was just made up as an excuse for us to move in and take their oil. There was never any evidence that they had WMDs of ANY kind.

Sigh. Really? So answer a few questions then, if you please.

How much oil did the US import from Iraq before the invasion, and how much after?
To what country does Iraq export the majority if its oil?
Of the oil companies presently working Iraqi oil fields, how many US companies are extracting oil vs providing support for drilling and production?
In the 5 largest Iraqi oil fields, what companies have the contact rights to extract oil?

[Prosaic Visitant]

The whole "WMD" theory was just made up as an excuse for us to move in and take their oil. There was never any evidence that they had WMDs of ANY kind.

So, that's why fuel prices are rising in the USA?

[Gertrudius]

The whole "WMD" theory was just made up as an excuse for us to move in and take their oil. There was never any evidence that they had WMDs of ANY kind.

"Take" implies the US has physically seized oil assets. A simple browse through US import statistics make this idea pretty absurd. For that matter, do you even know what the breakdown of Iraq's oil exports are? Because your post suggests your unfamiliar with either.

[Denny Crane!]

Consumers and businesses exchange hundreds of billions on the internatoinal currency markets daily. I just don't see how Iraq even changing all of its gdp in 2000 into euro (which isn't possible under international sanctions) makes any impact whatsoever.

Try again, I specifically stated it wasn't value driven but precedent driven. If Iraq changed, then other arab states and Iran decided to change in order to facilitate trade with a bigger common market and a bigger importer ie. the Euro it could have had potentially damaging consequences for Iraq.

I'm not even a big proponent of this particular argument, never read that much about it, but your vehemence caused me to play devils advocate and so far you aren't giving me any compelling arguments against it other than to say "But it wasn't much" what it was actualyl was the third state to start doing it after Iran and Venezuala (attempted coup twice now welcomed by Bush) and Syria was proposing it and the USA was in a prime position to wag its finger at Syria and say nonono.

[Denny Crane!]

Iraq has precedential force inthe currency market? u do know it might trade less currency on the market than some of the banks right?

Iran did it, Venezuela did it then Iraq and next possibly Syria. It was part of a cascading chain of events that would have had an effect. Once again (don't know how many times I have to repeat myself to you) the actual monetary level of trading isn't the be all and end all.

[bushbush]

Iran did it, Venezuela did it then Iraq and next possibly Syria. It was part of a cascading chain of events that would have had an effect. Once again (don't know how many times I have to repeat myself to you) the actual monetary level of trading isn't the be all and end all.

actually, precedential value depends on how much you can trade. Do you think international currency markets take cues from Iran? what has been the conseequence of their actoins so far?

[King Nud]

Dumb question time.

Which currency were the Iraqi's about to choose as the new reserve then? I just fail to see Iraq changing out of the Dollar and fail even more to see that even if they did, for arguments sake, go to the Euro, how that would have much of a widespread effect on global economy or the strength of the Dollar anyway.

[-Conan the Barbarian-]

Dumb question time.

Which currency were the Iraqi's about to choose as the new reserve then? I just fail to see Iraq changing out of the Dollar and fail even more to see that even if they did, for arguments sake, go to the Euro, how that would have much of a widespread effect on global economy or the strength of the Dollar anyway.

They switched to the Euro like Iran did. I believe that the U.S. had to stop them so that the other oil producing countries of OPEC didn't follow Iraq's lead. Its a hypothesis that has gotten alot of emotional outbursts from the OP but looking at how global politics is playing out it seems plausible. Two months after Iraq's invasion they ended Iraq's trade in Euros and switched back to dollars

Ofcourse it is devious and something the U.S. could never admit so they come up with BS excuses like WMD's which later turn out to be false. They then give an apology and continue the bombing and construction of permanent bases. Some people just accept that they were incompetent.

Right now Iran is surrounded by the U.S. on all sides. Neoconservatives believe we must stop them from having nukes. Plenty of countries have them but Iran is different. Iran trades oil for Euros.

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

Here is Iran. and the flags represent which countries have U.S. forces in them.

[bushbush]

They switched to the Euro like Iran did. I believe that the U.S. had to stop them so that the other oil producing countries of OPEC didn't follow Iraq's lead. Its a hypothesis that has gotten alot of emotional outbursts from the OP but looking at how global politics is playing out it seems plausible. Two months after Iraq's invasion they ended Iraq's trade in Euros and switched back to dollars

lol how much euro did Iraq exchange into? do u know how much the internatoinal monetary market trade everyday? whats the % Iraq had? tell me.

and how the hell did iraq get access on the international currency market again?

your theory is frankly dumb. If one really wants to threaten US dollar, look at US fed reserve itself. The whole idea of QE2 is to print money to drive own the value of US currency. Iraq with a few billion dollars has no impact.

Try again, I specifically stated it wasn't value driven but precedent driven. If Iraq changed, then other arab states and Iran decided to change in order to facilitate trade with a bigger common market and a bigger importer ie. the Euro it could have had potentially damaging consequences for Iraq.

Iraq has precedential force inthe currency market? u do know it might trade less currency on the market than some of the banks right?

[Armenum]

Here is Iran. and the flags represent which countries have U.S. forces in them.

Pretty confusing map, because first off there are no US troops in Armenia, and to my knowledge none in Azerbaijan.

[-Conan the Barbarian-]

Pretty confusing map, because first off there are no US troops in Armenia, and to my knowledge none in Azerbaijan.

U.S. airforce uses airfields in Armenia.

The Iranian Revolutionary Guards' Brigadier General Mehdi Moini said last week that his forces increased patrols, including tanks and anti-aircraft units, along the border with Azerbaijan because they noticed increased American activity.

http://www.israelnationalnews.com/News/News.aspx/138284

The U.S. has Iran surrounded.

If one really wants to threaten US dollar, look at US fed reserve itself. The whole idea of QE2 is to print money to drive own the value of US currency. Iraq with a few billion dollars has no impact.

All of OPEC switching would.

Printing money inflates the currency making it more and more worthless. Keeping the dollar as a reserve currency akin to holding gold or silver is what gives the dollar its value. Printing it out of thin air is what gives the Federal Reserve and the military industrial complex its power.

[Armenum]

U.S. airforce uses airfields in Armenia.
http://www.israelnationalnews.com/News/News.aspx/138284

The U.S. has Iran surrounded.

Armenia may allow NATO/US forces to refuel in its territory but there are certainly no American troops stationed in Armenia. Azerbaijan also doesn't have an American military base either, though it like Armenia has ties to American military, however, it is an anti-Iranian power, while Armenia enjoys warm relations with Iran. Yes the Shia country of the region that has very similar culture to Iran has bad relations with it, while the Christian country which has been in conflict with that country has warm relations - welcome to South Caucasus...

But you are right to a large extent, Iran is surrounded by anti-Iranian forces, by Iran in itself is a formidable force.

[justicar5]

Dumb question time.

Which currency were the Iraqi's about to choose as the new reserve then? I just fail to see Iraq changing out of the Dollar and fail even more to see that even if they did, for arguments sake, go to the Euro, how that would have much of a widespread effect on global economy or the strength of the Dollar anyway.

precedent (happen to think it's BS but w/e) the US dollar is THE reserve currency atm, [retty much all trade is done in dollars, if the Euro started to challenge that hegemony (so the theory goes) the US economy takes a big hit, (people less willing to by US bonds, the government and institutions borrowing at less competitive rates etc)

[-Conan the Barbarian-]

Here's a video about Petrodollar warfare: