Oil, Euro's, and Dollars

[WA_Vol]

This scares the hell out of me.

One of the reasons for invading Iraq, to ensure oil is traded in dollars instead of dollars to finance the U.S. debt?

Any financial people out there can you give an opinion of this article?

Public Theology: Not Oil, But Dollars vs. Euros

Oil,* Dollars, Euros And Dead Iraqi's

 

[volinbham]

One more attempt at a conspiracy theory.

The debt analogy is incorrect - trade debt will not be called based on a change of currency in which oil is traded.

So many other countries are debtor nations yet they did not have oil traded in their currency.

 

[WA_Vol]

So many other countries are debtor nations yet they did not have oil traded in their currency.

most of them don't run a deficit every year the way the U.S. does. Someone has to fund that debt.

 

[therealUT]

most of them don't run a deficit every year the way the U.S. does. Someone has to fund that debt.

You just pulled this out of your fourth point of contact, didn't you? As a percentage of GDP, the US has an incredibly less debt than all of the major European countries.

 

[hohenfelsvol]

You just pulled this out of your fourth point of contact, didn't you? As a percentage of GDP, the US has an incredibly less debt than all of the major European countries.

Exactly.