February 25th, 2003


interesting article why invade iraq

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.