The $ - going where?

[mahnmut]

Something most of you already know, but something on which just some of you might like to comment.
Gives some good (although simplistic) explanations to questions like: why was Iraq invaded and so on.
(Oh yeah, it's on Al Jazeera, so: not reliable source).

Attention to the quote: "...the dollar-oil relationship has to be maintained to keep the dollar as a preeminent currency. Any attack on this relationship will be forcefully challenged - as it already has been."

Also, an interesting comment: "They rely entirely on foreign creditors to finance their economy. And yet, America's foreign policy at this point seems to be - bomb the creditors!"


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(Sorry for the bad quality)

Comments

[abomvubuso.livejournal.com]

Contrary to what most commentators would tell you, this happens to be quite an insightful look on reality. Although, yes - its rather simplistic. But it's done for the wide audience after all.

And Al Jazeera is prolly the most reliable news source in the Mideast, or at least one of the most reliable.

[abomvubuso.livejournal.com]

Btw, interesting discussion you got there at politicsforum.