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The Real Reasons America Is Invading IraqThe real reasons America is invading Iraq
By Kenneth Davidson
or in dollar-denominated IOUs into exports to earn yuan and euros to pay for US imports.
It is difficult to see how the US could develop new, internationally competitive industries and run a military machine on the scale envisaged by the think tank without a massive increase in taxation and redistribution of wealth to the productive elements in the economy without precipitating a global recession.
In 2000, Saddam's regime had the temerity to demand payment in euros for the trickle of Iraqi oil the US has allowed onto the international market. Iran and Venezuela are following Iraq's example. This is the real threat to US hegemony.
http://www.theage.com.au/articles/2003/03/19/1047749824415.html
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