The US Govt.’s Federal Reserve’s greatest nightmare is that OPEC will switch its international transactions from dollars to euros. Iraq made this switch in Nov.2000 (when the euro was worth around 80 cents) and has made off like a bandit con31derlng the dollar’s steady fail against the euro.
The real reason the Bush administration wants a puppet govt. in Iraq (or more importantly, the reason why the corporate-military-industrial network conglomerate wants a puppet government in Iraq) is so that it will revert to dollar and stay that way.
Saddam sealed his fate when he decided to switch to the euro in late 2000 (and later converted his $10 billion reserve fund at the UN to euros) at that point, another manufactured Gulf War became inevitable under Bush- Il. The effect of an OPEC switch to the euro would be that oil-consuming nations would have to flush dollars out of their reserve funds and replace these with euros. The dollar would crash anywhere from 20-40% in value and the consequences would be those ones could expect from any currency collapse and massive inflation.
