U.S., U.K. invaded Iraq to prop up currencies

[IcemanSC]

* U.S., U.K. invaded Iraq to prop up currencies
February 18, 2010 · Posted in NEWS
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Gwynne Dyer, in his efforts to make the average person feel politically ignorant, doesn’t do himself much justice either [“Blair’s what-if defence nonsense”, February 11-18]. It was also reasonably well known, and has been much-published since, that one of the main motivations for the U.S. and Britain to go after Saddam Hussein was to keep their respective currencies strong.

Iraq was purchasing euros for their backup currency as opposed to U.S. dollars as in the past and as most other Third World countries do. The U.S., by interrupting their production power and economy, could keep the U.S. dollar up among the top currencies.

The British, having their pound, traditionally the number-one and least-inflated currency in the world, had no desire to adopt the euro and were therefore in total support of any excuse to destroy Saddam’s economic underpinning.

Iran and several other oil-producing nations are now considering Chinese currency for their stockpile of cash—has anyone noticed who seems to be the next country getting lined up for a lynching?

> Roger Howie / Vancouver

[ArmyRanger]

Interesting.