The real reason for invading Iraq, Iran

Not only in these times, but also in the past, wars were caused by economics, despite the 'reasons' given in the official accounts. It's not about democracy, nor military or terrorist threats as we hear today, nor 'communism' as in past decades. Never was, never will be. It's about economics; who rules economically, or who is an economic threat. That was the case with Iraq, and is now the case with Iran as well.

We are about to see a radical new type of weapon unveiled on the global stage. This weapon will not rely on explosive technology or flying aircraft. This weapon will not kill enemy troops. This weapon will not see one army invading the territory of another. No, instead this weapon will simply rely on supply and demand, the basic concepts that underpin Economics 101. This new weapon will be a financial weapon. In fact this weapon will be so powerful it will be able to inflict serious harm on the financial stability of an entire adversarial nation.

If you think the invasion of Iraq was about 9-11 and Al-Qaida then I urge you to think again.

So why then would the US, the world’s largest economic entity, undertake an invasion of Iraq to capture and remove leader Saddam Hussein? The answer is all about economics. More specifically, Currency. That’s right, Currency. You see, Saddam Hussein had developed a very serious, very viable plan to sell Oil from his country in exchange for Euros. Had he succeeded in putting this plan into action, the damage to the stature of the US Dollar as the global reserve currency would have been un-fixable.

Now, fast forward to December 2005. As I write this edition of the Meridian Report, there is a growing sense of deja-vu. This time, it is Iran that is causing problems. But, CNN will have you believe that Iran is causing nuclear problems by refusing to scale back its nuclear program. The real story is that by March 2006 Iran is threatening to have in place an entity called the Iranian Oil Bourse. Trading of Oil on this exchange will be denominated in – yes you guessed it – Euros.

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