The Boston Diaries

The ongoing saga of a programmer who doesn't live in Boston, nor does he even like Boston, but yet named his weblog/journal “The Boston Diaries.”

Go figure.

Wednesday, February 12, 2003

“It's the economy, stupid!”

Although completely suppressed in the U.S. media, the answer to the Iraq enigma is simple yet shocking—it is an oil currency war. The real reason for this upcoming war is this administration's goal of preventing further Organization of the Petroleum Exporting Countries (OPEC) momentum towards the euro as an oil transaction currency standard. However, in order to pre-empt OPEC, they need to gain geo-strategic control of Iraq along with its 2nd largest proven oil reserves. This lengthy essay will discuss the macroeconomics of the “petro-dollar” and the unpublicized but real threat to U.S. economic hegemony from the euro as an alternative oil transaction currency.

Via Robot Wisdom, The Real Reasons for the Upcoming War With Iraq: A Macroeconomic and Geostrategic Analysis of the Unspoken Truth

Interesting take on the reasons we're so gung-ho to go into Iraq. It seems that the Caspian Sea oil fields aren't quite as big or as pure as first thought so the oil pipe through Afghanistan isn't economically viable at this time. And the Iraqi switching from dollars to the euro in November of 2000 is certainly interesting (I suppose to piss off the newly (non?) elected President). So our little excursion into Iraq may not only be for the oil, but to save our economy as we know it.

Nice …

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