I agree with you, in part #1. - Comment - Israel News | Haaretz Daily Newspaper
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    • d.dor
    • 21.04.07 | 20:11 (IDT)

    Of course, US companies will come into Iraq and make money. The Iraqis will make money. That's the name of the corporate game. All win. But the winning or losing of the war with respect to Arab countries plays out a little differently. Arab oil reserves are denominated in dollars. Those dollars must be supported and, therefore, US bonds must be bought by those Arab countries. It's complicated, but it works, so far. The US is a hyper power (meaning no nation on earth can thwart it's dominion). As a hyper power it must sit on and protect what is sustaining it's power. That happens to be oil. Since Britton-Woods the dollar has floated on Mid East oil. Saddam tried to denominate it in Eruos and lost. Iran is now doing the same thing and look at hyper power presence arrayed against it in the Gulf, as we speak. America will diminish, but fiat currency is still king and the buck is still on top of the heap. Keep an eye on this and you will be able to predict the future.

    from the article: The victory won't be American
    First published 00:00 20.04.07 | Last updated 00:00 20.04.07
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