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> The day Iraq started to sell oil in euros the US attacked it for example This stupid meme needs to die. Iraq's switch to the Euro was not some rogue act of
by unmole 4y ago
> The day Iraq started to sell oil in euros the US attacked it for example
This stupid meme needs to die.
Iraq's switch to the Euro was not some rogue act of defiance. It happened under the UN's Food for Oil-for-Food program and was authorised by the Security Council: https://www.un.org/depts/oip/background/chron.html https://www.un.org/depts/oip/background/chron.html
If it really was such a significant risk to the dollar hegemony, the US could have simply vetoed it. The switch happened in late 2000 but Iraq wasn't invaded till March 2003.
> US federal (it's not, it's private banks) reserve
Eye-roll.
- olivermarks 4y agoPreceding the 'oil for food' historical fig leaf was the Iranian oil bourse, an attempt to get the petroeuro off the ground. That was headed off and nipped in the bud pretty fast by the petrodollar mercenaries... The FR is a federal board 'overseeing' 12 private chartered regional banks. This contraption was organized in deep secrecy in 1910 at Jekyll Island as I expect you are aware.