What the Iraq War Is Really About?

By: Alastair Harris
Submitted: 2007-01-17 16:25:29
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For those of you who think you already know and say it is about oil, sorry you are wrong, or at least not telling the whole story. Yes it is linked to oil, but it is not about oil. It’s about the need for America to continue to have the Greenback as the dominant world currency.

You see Iran has gone to the Euro as the standard of measure for buying a barrel of its oil and it was widely known that Saddam and Iraq was considering doing the same. To have two of the three largest oil producers switch from the US dollar to the Euro was not something that the USA could accept. Why? Because for decades the USA has spent more than it earns. It runs record deficits, imports more than it exports. How can a country continue to pay for things with money its not earning? Most other countries would quickly find their currency would lose value and become worthless, similar to what happened to Germany pre-world war two. The United States of America can continue to do this because every other country in the world needs to keep an ever growing quantity of US currency on hand to pay for the cost of importing oil. In fact in many ways an increase in the cost of a barrel of oil actually helps the United States situation in this respect in that other foreign countries, like Japan, China and other big users of oil need more US currency to pay for that oil. This currency is then used for Arab countries and the like to buy arms and other products from the USA or invested in the US stock exchange. Hence why it is in the US interest to have a middle east that is also in need of a greater quantity of arms and the like products that is one of the few products that the USA not only can compete on the world market but that it truly has a huge technological edge.

Quite simply the US can not afford to have the measure of a barrel of oil change from the US dollar or all those US dollars would come flooding back home to the US and now become worthless. Such an event would be on a depression that would make the great depression look tiny. It the US economy melted down it in this way it would in turn destroy China’s new economy, and the rest of Asia and the World would be thrown into a serious depression. If you don’t think that’s a problem consider the world only got out of the last depression by having world war two. To avoid such a situation by having want amounts to a mere side show in Iraq is an unavoidable necessary. With no disrespect to the troops serving, the families of the dead meant the grim reality of the situation is that the cost of 2000 US troops a year is a small price to pay to avoid the next great depression, in fact considering that America loses approximately 20,000 a year in gun related deaths at home, such a statistic is mere small fry when looking at the larger picture. To those protesting the war, etc they would achieve more if they first sort to fix the problems at home like drunk driving and gun related deaths if they are serious about wanting to achieve good things for the people of the USA before the complaint about the war in Iraq. The powers that be are probably more concerned about the expenditure of the war more the casualties, that unfortunately is how the real world works. Plebs like us are just a small statistic.

When avoiding the big issues a couple of thousand lives matter not and the fanatics on both sides who are sucked into believing they are fight some Jihad or Crusade should wake up and smell the coffee, wars are seldom about what the general public are lead to believe they are about. They, the Middle East and the rest of the world would be better off if they stopped giving the USA an excuse to be there, but then again they too also have their own hidden agenda.

The real frightening thing is not the next terrorist bomb or plot the real frightening thing is the USA is doing nothing to solve its long term money problem. What will it do when the oil runs out and no one needs their US dollars? It can make the hard decision made and start growing a competitive economy that exports as much as it imports or it can make sure it dominants the next energy source – Hydrogen – or at least the technology patents in relation to it to protect its currency. If it fails to do this a worldwide depression is unavoidable and the result will be a third world war that the world can not afford given the destruction technologies now widely available.

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