User 220514

Is There Really a Global 'Cabal' Aiming to Dump the Dollar?

Where does France fit into this ???

The French population were highly opposed to supporting the invasion of Iraq and will not tolerate an invasion of Iran. It would be political suicide for Sarkosy to support the US and Israel. China and Russia are heavilly dependent upon Iranian oil and any attack against Iran could as well destabilize Saudi Arabia. That is the connection between these 4 countries. Iran quit selling oil in dollars in September and now uses the Euro. This is why the Western Media has recently turned up the "nuclear threat" on Iran.

I believe these countries are sending a message to the US, Britain and Israel not to attack Iran or they will drop the dollar as well and collapse our funding for the military. The days of US dollar hegemony are coming to an end. The world will no longer tolerate being forced to use the dollar at gunpoint.

UN Report: The Dollar's Imminent Collapse is Being Caused by U.S. Debt

"We do not need to be dependent on foreign oil"

We are not dependent on foreign oil. We are dependent on the sale of oil in DOLLARS ONLY. Even if America produced all it's oil, we would still need to control the world's oil markets to keep our dollar in circulation. Our dollar is backed by oil. Oil is sold in dollars only (this is not law - it is U.S. policy enforced at gunpoint). If you want to buy oil, you must have dollars. This is the reason the world holds our currency. Products flow into the U.S. and dollars flow out so the world can buy it's oil. This is why we have become a nation of consumers. With our excessive debt and risky foreign policies the world has lost confidence in our dollar. If the world adopts a stronger currency (euro) for the oil trade our currency will collapse and U.S. military intervention in the world will cease. (A prime reason for the world to abandon the dollar). In November 2001 Saddam switched the Iraqi oil market to Euros and his profits soared. The world (especially OPEC) took notice. Although it did not do significant damage to the dollar, Bush realized, that if OPEC abandoned the dollar for the euro as well, America would collapse. We invaded and a few months later Iraqi oil was again traded in dollars. This is what Bush meant by "mission accomplished". He was informing the holders of U.S. currency that the threat to the dollar had been eliminated. This is also why we have been informed that the 911 hijackers were Saudi. It was a clear warning to the Saudi's that if OPEC dropped the dollar we would use this as an excuse to invade them as well. Oil must be traded in dollars to ensure the survival of America's currency. When Iran announced their intention to replace the dollar with the euro, they joined the "axis of evil" and became a "nuclear threat". No problem with Chavez until he commenced direct trade of oil and bypassed the dollar. The War on Terror is actually a currency war against the stronger euro. Producing our own oil to meet our domestic needs is not even an issue in America's foreign policy.