Conspiracy Theory Files:
Was War with Iraq really over Euro Dollars for Oil?
by Douglas Chick
me this and oil me that? Speculation to why the U.S. launched the war
against Iraq has always been one for economic reasons. Only those that share
the same faith base as the President ever believed that the war was about
liberation and “just the right thing”. A more feasible explanation by
those more skeptical might argue that the relationship between the Bush
cabinet and oil is a more likely to culprit. Enter this month’s conspiracy
theory file about trading oil for Euro dollars.
Since 1901, when drillers opened up the first arteries in the Texas
oil fields the oil industry sold their barrels of Texas Tea for the U.S.
dollar, and it still stands today. Whether oil is purchased in Alaska,
Norway or Saudi Arabia, oil is paid for with the U.S. Dollar. Because the
standard currency to purchase oil is the U.S. dollars, other countries must
acquire the greenback from the U.S. Reserve if they want to buy oil. Thus
comes the name; United States Reserve. With the purchase of every barrel of
oil the U.S. Reserve prints out and allocates this money to the purchasing
country in question. So all oil is bought with U.S. dollars. This practice
of dollars for oil is what is used to reflate the U.S. inflation and
prevents the largest deficit in the world from collapsing in on it self.
One day in
the year of our loud 2000, Iraq decides that it no longer wants to sell
it’s oil using the currency of it’s enemy, the U.S. and decides to
change the standard to Euro dollars and the heck with everyone. After all,
why would they want to help contribute to the economy of its oppressors? At
the time the Euro was around 82 cents and the rest of the world named the
Iraqi leader as a crackpot that cut off his nose to spite his face. As the
Euro was 82 cents to the U.S. dollar, Iraq would lose millions. But Iraq had
other ideas in mind.
The Euro on today’s market is somewhere around 1.17 to the U.S. one
dollar, jumping a giant leap forward surpassing the U.S. and many people
claim it is attributed to Iraq’s oil for Euro. This is bad news for
America as the U.S. economy began taking a dive at precisely the same time
frame and hasn’t gotten better since.
Iran, another hater of America was now grumbling the same song,
“Why are we supporting the economy of people we pray to Ali to kill?”
They too began making sounds of changing to Euro Dollars.
I will take a brief pause here to allow you to digest what we’ve
concluded so far and allow myself a short break…Okay we’re back. Let’s
- All oil purchases in the world are tied to the U.S. dollar.
- Iraq switched to the Euro dollar causing it to jump at a record
rate. So if any countries want to buy oil from Iraq, they must first
reserve money from the Euro reserve. This is good for the European
Market bad for ours.
- Other counties might want to use Euro dollars to sell their oil that
might collapses the fragile U.S. economy.
- Bush attacks, France and Germany resist, (France and Germany use the
- The war is over with Iraq back on U.S. dollars.
That is the short and round of
it. If you require more detail you will have to search the Internet using
the key words: Euro dollars for oil or Enron’s holy war or if you are in
the Britain try, Pounding Iraq for pounds.
Disclaimer: The Conspiracy Theory
files are based from stories and articles harvested from the Internet and
like real news have to basis for truth of substance. Like the article above,
the theories and suppositions on this website are compiled from the fears
and paranoia of others and are presented to you as entertainment only. I do
not sympathize with any alien government, religion or organization that may
take cheap shots at my government, political or its religious leaders no
matter how ridiculous they are. I further will retract any article on this
site at the first sign or retaliations or suspicious looking vehicles
hanging about the front of my house and or neighborhood.
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