Petrodollar, Petrodollar warfare 1

http://en.wikipedia.org/wiki/Petrodollar
A petrodollar is a United States dollar earned by a country through the sale of petroleum. The term was coined by Ibrahim Oweiss, a professor of economics at Georgetown University, in 1973. Oweiss felt there was a need for a word to describe the situation then occurring in oil producing, OPEC countries which were earning large amounts of money, in dollars, from oil production.

http://en.wikipedia.org/wiki/Petrodollar_warfare

The phrase petrodollar warfare refers to a hypothesis that a hidden, driving force of United States foreign policy over recent decades has been the status of the United States dollar as the world's dominant reserve currency and as the currency in which oil is priced. The term was coined by William R. Clark, who has written a book with the same title. The phrase oil currency wars is sometimes used with the same meaning.

Supporters of this hypothesis believe that the value of the U.S. dollar is determined by the fact that many key commodities are denominated in dollars. They believe that if the denomination changes to another currency, such as the euro, many countries would sell dollars and cause the banks to shift their reserves because they would no longer need dollars to buy oil and gas. This would weaken the dollar relative to the euro (see supply and demand). The core of the hypothesis is that U.S. administrations are greatly motivated by fear of the consequences of a weaker dollar, particularly higher oil prices. This motivation is seen as underlying and explaining many aspects of U.S. foreign policy, including the Iraq War.
= The why 911 was an inside job

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• AR15Truther2
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• Petrodollar
• warfare
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• OPEC
• oil
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• job

[aliHAMOU]

i am astonished, how tricksy, how wicked, how evil and how greedy are the americans (elite) not the normal people

[AR15Truther2]

@aliHAMOU thanks for being awake my brother

[luvmyctd]

So does anyone still wonder why the US attacked Lybiia? Unfuckingbelievable! :(

[Sasukekillsitachi]

This is why US wants to attack poor IRAN, because they don't price their OIL IN DOLLARS, they don't bow to the IMPERLIAST FASCIST BITCH ASS USA!!

[drewstarr71]

very interesting...Thumbs Up!

[StormCloudsGathering]

Good post. American's need to watch this.

[clbosa]

OMY they refer to the war and all those innocent people who died as an investment!!!!!!!!!