Quote from: kiba on February 19, 2011, 06:00:36 PM

Quote from: brunner on February 19, 2011, 05:56:09 PM

Exactly. Saddam Hussein tried to start an oil exchange that wasn't denominated in USD, and then he was taken out of power by the US government.

Iran started saying they were going to do the same thing, and again we heard the war drums beat again.

The US Government is pretty clear on their stance about this...

Citation needed.

Ceiling cat provides:

http://www.time.com/time/magazine/article/0,9171,998512,00.html
http://www.globalresearch.ca/articles/CLA410A.html
http://www.ratical.org/ratville/CAH/RRiraqWar.html
http://www.google.pl/search?hl=en&q=saddam+hussein+oil+euro+exchange

Selling oil for dollar and for dollar only is the only thing, that is keeping that currency from hyperinflating. Question is, how long can this trick work ?

Also, when will USA will attack Iran ? A month/week before opening of Euro-based oil exchange. Destruction of dollar = destruction of current US economy. They can't let it happen.