There's no other choice for the world's largest debtor nation, currently in arrears as of 26 Aug 2006 at 04:22:07 PM GMT to the tune of
$8,510,784,938,397.86
(-Thats 8 with 12 zeros and change ~$8.5 TRILLION)
The USA must have the oil, it must control the oil, it must grab the oil, it's all about
OIL, ~and that the world must use the green, ink-stained paper that is the world's de facto oil-transaction currency.
The Neocon global domination agenda is engendered by the denomination of global oil transactions in greenbacks.
America prints out the bucks that are required for the purchase of oil, and the world has to produce stuff they can sell to get the bucks they need to buy oil. Printing Monopoly 'fiat' money only costs America the paper and green ink, so the USA dollar has been fattened on oil-enriched chicken feed since Tricky Dick delinked the buck from the bullion.
From the Third World Traveler website Sohan Sharma, Sue Tracy and Surinder Kumar wrote,
"Oil can be bought from OPEC only if you have dollars. Non-oil producing countries, such as most underdeveloped countries and Japan, first have to sell their goods to earn dollars with which they can purchase oil. If they cannot earn enough dollars, then they have to borrow dollars from the WB/IMF, which have to be paid back, with interest, in dollars. This creates a great demand for dollars outside the U.S. In contrast, the U.S. only has to print dollar bills in exchange for goods. Even for its own oil imports, the U.S. can print dollar bills without exporting or selling its goods. For instance, in 2003 the current U.S. account deficit and external debt has been running at more than $500 billion. Put in simple terms, the U.S. will receive $500 billion more in goods and services from other countries than it will provide them. The imported goods are paid by printing dollar bills, i.e., "fiat" dollars."
China, and others, all want that Iranian oil. They want it badly. And Iran wants to sell it to them, -in EUROS!
The day that China decides to convert its USA $800 billion reserve of green, ink-stained paper to money that's worth something, the USA economy will tank. Unless the USA grabs the biggest oil spigot on the planet before everybody starts converting their green, ink-stained paper to real money, it's toast.
In January 2002, Canada unloaded nearly 20% of its gold stocks in exchange for euros, thereby bringing its euro holdings to the equivalent of about US$14 billion. That's about 42 percent of the total US$33 billion in foreign deposits and securities held by the government. Just 2 years previous, euros accounted for the equivalent of about US$7 billion of Canada's reserves, only 23 percent of the total. The gold sale reduced Canada's U.S. dollar share to 55 percent from 75 percent.
Hugo Chavez is brokering barter deals for trading oil with 12 Latin American countries thereby cutting out the USA cut. At the OPEC summit in September 2000, Chavez delivered the report of the "International Seminar on the Future of Energy." One of its key recommendations was that "OPEC take advantage of high-tech electronic barter and bi-lateral exchanges of its oil with its developing country customers." That would be the end of dollar hegemony over OPEC oil transactions.
Oil-man Bush knows all this. The PNACer's all know this. Hillary he pro-war Democrats all know this. None of them will preside over the final crash of the USA economy on their watch. For these folks, there is no action too desperate to secure that oil, Nukes included.
In this horrific context, it's not too difficult to understand why the Bush Neocon cabal is preparing to risk all to go on a global oil-stealing spree, and to attack Iran. It's also easy to understand the cringing wimp-ass non-response of the Democrats. There's no way America can win, and America's got everything to lose.