posted on Dec, 26 2004 @ 10:08 AM
Yes, what you say is true at some extent.
But a higher value of the Euro is very good for the importation, while is bad for the exportation.
And what Europe actually needs is to import, from the point of view of the most important good: The oil.
But the core of this explanation for the war in Iraq is that if finally the oil trade is switched to Euros instead of dollars, the American economy as
an overall fill fall, while the Euro-zone economy will become the world dominant economy.
And, what is more interesting, the American military power will inevitably fall, and the European military power will rise, since the American
military power is directly linked to the fact that the dollar is the oil currency so far.
Iraq made the mistake of switching its oil exports to the Euro, and the higher value of the Euro gave them huge benefits. Iran took note and
therefore, George Bush included Iran in the “evil axe” immediately afterwards. Despite Saudi Arabia is the main supporter of the global terrorism, the
USA has not threatened the Saudis. Why? Because the Saudis kept and will keep trading their oil in dollars.
Hugo Chavez, from Venezuela (4º oil exporter in the World) was also studying the possibility of trade the Venezuelan oil in Euros, looking at the
Iraqi sucess, and immediately afterwards he suffered an attempt of military coup supported by the USA.
The core of the world economy are not the factories, the goods or the food, the inversions here or there. The core of the World economy is the oil. If
Europe make the oil exporters trading in Euro, Europe will became the world dominant superpower both economically and military in a matter of years.
The USA needed to stop this extremely dangerous tendency among the oil producers. The UK would benefit also largely from this, since the high relative
weight of the Brit economy in Europe will decrease if the Euro win the oil battle. Therefore the UK is the main European supporter of the war in Iraq.
I don’t know whether all this is true, but at least is a quite interesting and logical theory.