Karen
01-24-2006, 12:19 PM
Iran’s Oil Exchange Threatens the Greenback
by Mike Whitney
The Bush administration will never allow the Iranian government to open an oil exchange (bourse) that trades petroleum in euros. If that were to happen, hundreds of billions of dollars would come flooding back to the United States crushing the greenback and destroying the economy. This is why Bush and Co. is planning to lead the nation to war against Iran. It is straightforward defense of the current global system and the continuing dominance of the reserve currency, the dollar....( full article (https://www.dissidentvoice.org/Jan06/Whitney24.htm))
by Mike Whitney
The Bush administration will never allow the Iranian government to open an oil exchange (bourse) that trades petroleum in euros. If that were to happen, hundreds of billions of dollars would come flooding back to the United States crushing the greenback and destroying the economy. This is why Bush and Co. is planning to lead the nation to war against Iran. It is straightforward defense of the current global system and the continuing dominance of the reserve currency, the dollar....( full article (https://www.dissidentvoice.org/Jan06/Whitney24.htm))