SIMPLE!!!!!
You seem like a good guy, but your forcing me to write my LARGEST POST EVER, so here goes.
RODENTMAN’s BIGGEST POST EVER!!!!!!!!!
ON THE THEORY OF U.S. ATTACKING IRAQ BECAUSE THEY WERE SWITCHING TO EUROS FOR THEIR OIL TRANSACTIONS.
Firstly, we shouldn’t forget that Sadaam only traded with much of the world after 96 when he took part with the U.N. sponsored, scandalous food-for oil program
At any rate let me explain how this all works. Countries that buy oil and other commodities almost exclusively use the U.S. dollar. Not, because the Oil suppliers want to hoard dollars, but so they can make their transactions simpler, using 1 currency, rather than the 100 currencies.
But what you gotta really understand is that countries selling oil aren’t stupid.
They almost always keep their deposits in short-term dollar deposits. Then they take those deposits and convert them back into their home currency, effetely negating the initial buying the dollar by the oil buyers. Essentially the U.S. dollar was used as a tool for trade, and after it was used, its sold.
The only reason an oil supplying country would NOT do that, is if they were trying to increase their own reserves in U.S. dollars, and this is a decision that has nothing to do with oil, and everything to do with a country having a stash of foreign currencies on hand to purchase their own currency with, in case they have a currency crisis.
We do the exact same thing. we hold dozens of foreign currencies as reserves, and we occasionally use those reserves to buy US dollars in order to artificially keep the dollar from falling.
The only thing Sadaam accomplished, was really to embarrass the U.S. a little bit. But the effect on the dollar in the long run would be minimal.
I heard this whole rumor too; from Goldmine. Pretty much everything that is broadcast from that infomercial is about entertainment and selling gold, and not about learning about investing.
By the way, Venezuela has switched to Euros, I think were going to attack them too.
ON THE U.N. RESPECTS OTHER COUNTRY’S SOVEIERGNTY
To that I have to say WHATTT?!?!?!?!?!?!?!?!?
In 98, NATO launched a military campaign to remove Milosivec from power in Serbia. This was done under FULL COMPLIANCE with the UN Security Council (Resolution 1199) , and with nearly no decent from any UN members.
Why did we do this???? Because of the ethnic Albanian persecution. How many had been killed?? 1500 – 5000 (depending upon who you believe). (Yes, there were a lot more displaced).
Milosivic WAS ELECTED. First, as President of Serbia by the National Assembly in 89, and then in the first free parliamentary elections of December 1990, Milošević's Socialist Party won 80.% of the vote. (Yes, I realized many of the ethnic Albanians boycotted the election).
Personally, I supported the U.S. campaign, and I am happy that NATO and the UN showed some balls. However, the one question you might have is….
WHY IS NATO AND THE U.N. IGNORING STATE SPONSORED MASSACRES 100’S OF TIMES WORSE?!?!?!?!?
The recent ethnic cleansing in Darfur killed 50,000 – 100,000 alone. Overall, the Sudanese genocide killed more than 2 million civilians ( most of them were Christians and indigenous worshipers being slaughtered by friendly muslims)
And after this, the U.N. won’t even levy sanctions on the Arab-dominated government. Why? Well, Annan believes that Sudan had "made progress”
In the 80’s, after the Iran – Iraq war, the Sadaam’s Baathists regime implemented anti-Kurdish policies. This ethnic cleansing included the use of chemical weapons such as the now famous Halabja attack in 88. Roughly 182,000 civilians were killed in the Al-Anfal Campaign alone. (figures from Amnesty International). using techniques that would have made Hitler proud and that even involved targeting children and babies. This was NOT a civil war, this was pure genocide.
THE U.N. NEVER even Acknowledged the wrongdoing, and No one did SQUAT!!!!!
The UN only finally got involved after the Iraqi invasion of Kuwait, and imposed economic sanctions on Iraq which lasted till the 2003 liberation (Oops, I meant invasion). The U.N. had since tried multiple times to abandon the sanctions, but pressure from the U.S. and a handful of other allies kept this from happening.
RodentMan