Skip to main content

View Diary: Scott Ritter: Bush plans to attack Iran in June (273 comments)

Comment Preferences

  •  Nope... (4.00)
    yes, laugh and say this is beyond insanity, but then every rational reason has been exhausted.


    Not quite true.  There is a reason why there was a second Gulf war.  After the first, Saddam was so pissed off with the way the USA betrayed him that he started selling oil for Euros.  And that is what this has all been about.


    As long as oil could only be bought in US dollars, there is an attraction to the dollar, it isn't only desirable but necessary for a non-US govt. to maintain large stocks of $US but necessary.


    If it becomes unecessary then those currently huge stocks will be rolled over and disposed of.  That would result in a total (more or less) cessation of foreign investment in the US.  There would be a capital crisis, at least four out of five companies would go to the wall (imagine the layoffs first!) and the dollar would wind up worth about 10 cents at best.


    That is what the second Gulf war was about and the third one will be about the same thing too.  No oil per se, but dominating the currency and oil markets.


    This is all going to be very tragic for the US in any event because it is doomed unless Bush wins.  The US is struggling to not only remain dominant, it is struggling to remain relevant.  Its debts are too high and it will/must do anything to avoid repayment of those debts.


    So if Bus continues to 'win' you lose your freedoms and rights.  If he fails, then you become a bannana republic.  Seriously, which are you going to choose?  All of you.  Personally.  Which way do you want it to go?


    h

    Truckle the Uncivil, Nullus Anxietas Sanguinae

    by Truckle on Mon Feb 21, 2005 at 07:36:40 PM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (154)
  • Community (61)
  • Environment (36)
  • Culture (34)
  • Memorial Day (31)
  • Republicans (31)
  • 2016 (28)
  • Elections (26)
  • Civil Rights (25)
  • Bernie Sanders (25)
  • Science (23)
  • Media (22)
  • Climate Change (22)
  • Education (22)
  • Labor (21)
  • Spam (21)
  • GOP (20)
  • Law (20)
  • Rescued (19)
  • Trans-Pacific Partnership (16)
  • Click here for the mobile view of the site