The US attacked Iraq after Saddam began accepting Euros for oil. The US attacked Ghaddafi after he began accepting any currency for oil.
Iran launched its oil bourse in 2008 -- the US wanted to attack Iran for this reason -- because the bourse threatens the petro dollar -- The US launched cyber attacks, someone cut the fiber optic line to Iran, the US also funded terrorism inside Iran and imposed heavy sanctions...presumably against Iran's nuclear program. But it's really about the petro dollar.
Then Putin announced that an attack on Iran would be viewed as an attack on Moscow. Big game change.
The US pulled back...
Now the US goes after Moscow via covert ops in Ukraine -- stirring up trouble -- en route to Tehran. But the policy has already backfired. Now Russia too is accepting other currencies for its oil.
The petro dollar grows weaker by the day. MHG
Last edited by mhgaffney; 05-21-2014 at 08:03 PM..