posted on Jun, 1 2003 @ 08:11 AM
Although the verbage is kinda screwed up, this is just another manifestation of the economic warfare being waged between the US/UK and the EU.
The EU is attempting to suppress the US$, for two reasons: first to actively hurt the US economy, and the timing it just right to hurt it bad enough
long down the road to (hopefully for the EU) hurt Bushs reelection. Second, by devaluating the US$, it makes the Euro look very attractive to OPEC as
an oil standard currency (the US$ has been the oil standard currency throughout history, as the strongest currency, until the arrival of the Euro).
If the EU is successful in getting OPEC to swap the oil standard currency to the Euro, first of all it will give the Euro a massive boost in value
(seriously overvaluating it), and also further devaluing the US$ to the point of a massive depression, far outstripping the Great Depression of the
1930s. This depression would be so great as to force military action by the US, likely resulting in a true world war, in order to break out of it.
Which of course is why we are currently bunkering down in the midst of OPEC territory... we are determined to keep OPEC from making this switch, even
if it requires military action... after all Iraq was the first OPEC nation to publicly state thier intention to swap.