Oil scenario
some dude:http://www.usagold.com/SennholzPerilDollar.html
It would suck if the euro took over
"Petro-Dollar or Petro-Euro?" Clark, William, May, 2003, Newsletter of the Association for the Study of Peak Oil & Gas #29
Continued US unpopularity is leading to the abandonment of the dollar standard
Carson, Roy, publisher, Venezuelan economic journal Veheadline.com, June 18th, 2003, online
A move by Venezuelan President Hugo Chavez Frias to replace the US$ with the Euro is seen as upsetting Washington more than when Iraq’s Saddam Hussein started using the Euro for oil transactions last November… precipitating the US-led action to invade Iraq. CIA and other intelligence organizations, including Britain’s MI5, now fear that the next step is that the Organization of Petroleum Exporting Countries (OPEC) is about to switch to Euros … the immediate effect would be a massive devaluation, perhaps sparking of domino-effect devaluations worldwide in US$-related foreign reserves and foreign debt calculations. With a massive budget deficit, the United States is running scared of latest intelligence that the Kingdom of Saudi Arabia is on the brink of converting to the Euros and the opinion held by many OPEC ministers is that the conversion is an inevitability … the only question left is WHEN? Arab sources claim that Euro conversion across the Middle and Far East is a rational step to counteract the United States’ capacity to “wage further illegal wars (a.k.a. State-sponsored terrorism)” around the world. A significant step in this direction is that Iran is contemplating switching to the Euro and, as a result, is the latest object of United States undiplomatic interference … an intelligence sources says “they are stimulating opposition forces, making covert threats … the next step is destabilization and quasi-liberation warfare under the pretext of promoting US-style democracy but essentially aimed at maintaining the US dollar as a global transaction currency.
It would suck if the euro took over
"Petro-Dollar or Petro-Euro?" Clark, William, May, 2003, Newsletter of the Association for the Study of Peak Oil & Gas #29
Continued US unpopularity is leading to the abandonment of the dollar standard
Carson, Roy, publisher, Venezuelan economic journal Veheadline.com, June 18th, 2003, online
A move by Venezuelan President Hugo Chavez Frias to replace the US$ with the Euro is seen as upsetting Washington more than when Iraq’s Saddam Hussein started using the Euro for oil transactions last November… precipitating the US-led action to invade Iraq. CIA and other intelligence organizations, including Britain’s MI5, now fear that the next step is that the Organization of Petroleum Exporting Countries (OPEC) is about to switch to Euros … the immediate effect would be a massive devaluation, perhaps sparking of domino-effect devaluations worldwide in US$-related foreign reserves and foreign debt calculations. With a massive budget deficit, the United States is running scared of latest intelligence that the Kingdom of Saudi Arabia is on the brink of converting to the Euros and the opinion held by many OPEC ministers is that the conversion is an inevitability … the only question left is WHEN? Arab sources claim that Euro conversion across the Middle and Far East is a rational step to counteract the United States’ capacity to “wage further illegal wars (a.k.a. State-sponsored terrorism)” around the world. A significant step in this direction is that Iran is contemplating switching to the Euro and, as a result, is the latest object of United States undiplomatic interference … an intelligence sources says “they are stimulating opposition forces, making covert threats … the next step is destabilization and quasi-liberation warfare under the pretext of promoting US-style democracy but essentially aimed at maintaining the US dollar as a global transaction currency.
posted by Dan at 2:01 PM
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