War in the Middle East , oil , dollars , euros ???

**SunTzu** · May 19th, 2008, 06:01 PM

Here is a theory about our little war that no one has put out on this board but is out in the world . I have been reading on the situation of which I had no previous knowledge and it is an eyeopener . OPEC only accepts American dollars for oil purchases thus other countries have to sell goods and services to the US to get these dollars to purchase their oil from OPEC countries . This allows the dollar to continue to be an economic world power . 1 country went off the OPEC reservation and changed the system to accept Euros for their oil , can you guess which country ? If you said Iraq you are correct . Saddam wanted to piss off the US and it worked . Of course now that we control Iraq it is back to dollars as the currency of choice for oil sales . Were OPEC to formally change the system to Euros the US Dollar would take a huge hit which would be hard for our economy to take . The attack on Iraq served multiple purposes .
Getting Iraq oil sells back on the US Dollar , send a message to other countries that try to go to the Euro for oil sells , place a huge oil reserve under US control and give us a militarily presence to be able to dominate the Middle East . The US does not want the European Union to take over as the "Big Dog" so there you have it .

**R13** · May 19th, 2008, 06:03 PM

Very very interesting

**BlueWahooChambordDevil** · May 19th, 2008, 06:10 PM

seriously......that was awful

**R13** · May 19th, 2008, 06:16 PM

makes sense to me. wouldnt put it past our gov

**BlueWahooChambordDevil** · May 19th, 2008, 06:21 PM

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: raider13</div><div class="ubbcode-body">makes sense to me. wouldnt put it past our gov </div></div>
one very simple reason that cant make any sense

look back at what the exchange rate between the euro and the usd were back when this all started

the day we invaded iraq was march 20th 2003

on that day the usd was worth .94 euro

that actually would have been good for our economy not worse

**BlueWahooChambordDevil** · May 19th, 2008, 06:22 PM

the 79 day average exchange from jan 1st 03 until march 20th was .93183

**R13** · May 19th, 2008, 06:24 PM

well if the US saw like the rest of us did that the euro was increasing in value all the time...then that explanation makes alot of sense to me

**buckeye_fan** · May 19th, 2008, 06:26 PM

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: raider13</div><div class="ubbcode-body">well if the US saw like the rest of us did that the euro was increasing in value all the time...then that explanation makes alot of sense to me</div></div>

Seriously, back in March of 03 were you keeping track of the Euro's value?

**BlueWahooChambordDevil** · May 19th, 2008, 06:27 PM

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: raider13</div><div class="ubbcode-body">well if the US saw like the rest of us did that the euro was increasing in value all the time...then that explanation makes alot of sense to me </div></div>
actually at that point the value was decreasing

the average exchange from jan 1 2001 to jan 1 2003 was 1.088

jan 1 2002 to jan 1 2003 was 1.06

**BlueWahooChambordDevil** · May 19th, 2008, 06:28 PM

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: lpdbuckeye</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: raider13</div><div class="ubbcode-body">well if the US saw like the rest of us did that the euro was increasing in value all the time...then that explanation makes alot of sense to me</div></div>

Seriously, back in March of 03 were you keeping track of the Euro's value? </div></div>
obviously not because if he was he would know that what he just said was pure BS