by Ted Rudow III,MA ( Tedr77 [at] aol.com )
Tuesday Aug 28th, 2007
"Evoking a worst-case scenario, Mr. Bush said that if extremists drove the United States out, “our allies in the region would be under greater siege by the enemies of freedom” and “early movements toward democracy in the region would be violently reversed.-- ”He castigated the Iranian government for supporting anti-American extremists in Iraq and elsewhere, and for pursuing a nuclear program that could lead to weaponry. “The Iranian regime must halt these actions,” he said
The real reason that he is saying is the Bush administration will never allow the Iranian government to open an oil exchange (bourse) that trades petroleum in euros. If that were to happen, hundreds of billions of dollars would come flooding back to the United States crushing the greenback and destroying the economy. This is why Bush and Co. are planning to lead the nation to war against Iran. It is straightforward defense of the current global system and the continuing dominance of the reserve currency, the dollar. America monopolizes the oil trade. Oil is denominated in dollars. America's currency monopoly is the perfect pyramid-scheme. As long as nations are forced to buy oil in dollars, the United States can continue its profligate spending with impunity. (The dollar now accounts for 68% of global currency reserves, up from 51% just a decade ago). Even though the Bush administration has said that it will perpetuate the deficit-producing tax cuts. US has over-extended itself, it has lived beyond its income. It is living on borrowed money and borrowed time, and some day soon it's going to have to pay. The price of gas in the U.K is now $7.00 a gallon, but Americans love and worship their cars. The claim that Iran is developing nuclear weapons is a mere pretext for war.
Ted Rudow III,MA