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interesting article why invade iraq

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Feb. 25th, 2003 | 04:53 pm

I'm wondering what other people thing of this article. The main argument is the reason for the war is because Iraq switched to the Euro to value its oil trades, if other opec countries start switching to the euro, the rest of the world will have much less need for buying dollars. It seems likely that our trade deficit is financed by these oil dollars, and so our economy could start collapsing without the influx of money from having the oil trade valued in dollars.

It seems somewhat plausable to me, but I'd like other opinions.

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Diane Trout

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from: alienghic
date: Feb. 26th, 2003 02:37 pm (UTC)

Thank you for your response. The authors frequent reference to this argument being "censored" bothered me, that's usually a sign of paranoid conspiracy theorists. Though I am aware that the US does run a large trade deficit and thought that we need an investment influx to keep our currency stable. I wondered where that influx came from. This article although filled with polemic did actually include a plausible sounding argument about the role of the oil trade in helping to maintain the US economy.

Though the administrations rush to war probably stems from many reasons.

Also my personal opinion about this war we're sliding toward, the problem isn't whether or not we should invade iraq, but more how the Bush administration is going about it. They seem far too eager and show a complete lack of patience with the idea of inspections or building international support.

Inspections seem like they're capable of keeping iraq weak though probably not completely disarmed, however in order for iraq to comply the inspection program must be backed with the will to use force.

Also a carrot and stick approach can probably be done with sanctions and high altitude bombing. A regime change requires capturing and holding territory which requires troops.

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