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Are America's actions based on the money?

| February 27, 2006 8:00 PM

Briefly mentioned, but set aside, is an even more formidable reason for hostilities with Saddam by the Bush administration. It is all about keeping the U.S. dollar as the official and preeminent currency of the world, more especially when purchasing oil.

In November 2000, Saddam Hussein demanded euros for his oil. That demand threatened the integrity of the U.S. dollar. Without evidence of WMDs or involvement with the 9/11 incident, it just may be that distortions and misrepresentations of facts moved this administration toward involvement with Iraq.

In 2001, President Chavez of Venezuela, spoke of switching to the euro for their oil sales. Within a year a coup attempt was made on his life and failed. This was reportedly with help from the CIA.

Now Iran as indicated plans to initiate an oil exchange in March of this year. And guess what? The oil sales are said to be priced in euros. Now why would the Iranians want to switch to euros? Would it be for the same reason as Saddam?

In 1953, the CIA helped overthrow Mohammed Mossadeqh and install the shah, who was friendly with the U.S. Then there was the hostage incident in 1979, the alliance with Saddam for the invasion of Iran in the 1980s, and the axis of evil comment in 2001 did little for international relationships. Now we have threats about nuclear power from Iran. While Iran apparently has no capability to attack the U.S. it may have the ability to undermine the U.S. dollar. This whole struggle may just be about maintaining the U.S. dollar as the dominant currency of the world.

Space is limited here but a complete reading of an article entitled "The End of Dollar Hegemony" by Dr. Ron Paul, Rep. 14th district congressman from Texas, is available.

Use any search engine and type: Ron Paul.

LARRY HANNA

Ponderay