The real reasons America is invading Iraq Kenneth Davidson
<excerpt>
It would be fatal to America's global strategic ambitions if countries in Europe began to ask for euros instead of US dollars for their exports, or if China demanded settlement of their accounts with the US in yuan instead of US dollars. The US would have to redirect domestic demand for imported goods paid for in dollar-denominated IOUs into exports to earn yuan and euros to pay for US imports.
It is difficult to see how the US could develop new, internationally
competitive industries and run a military machine on the scale envisaged
by the think tank without a massive increase in taxation and
redistribution of wealth to the productive elements in the economy without precipitating a global recession.
In 2000, Saddam's regime had the temerity to demand payment in euros for
the trickle of Iraqi oil the US has allowed onto the international market. Iran and Venezuela are following Iraq's example. This is the real threat to US hegemony.
</excerpt>
http://www.theage.com.au/articles/2003/03/19/1047749824415.html
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