Talk:Currency

Petroleum transfers between all countries are denominated in dollars. Saddam Hussein was beginning to exchange oil for Euros. How would a change in the denomination of petroleum transfers from dollars to Euros affect the US economy? What is the relationship between Saddam Hussein's desire to denominate Iraqi oil sales in Euros and the timing of the invasion of Iraq?

Peter Dale Scott makes a compelling argument for the support of the dollar as one of the "deep reasons" for the war in Iraq. Link: http://ist-socrates.berkeley.edu/~pdscott/iraq.html. If OPEC or a faction of OPEC began to threaten the dollar as the premier reserve currency, what would be the result on the American economy?

Sceptic