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Graeber suggests that Iraq was invaded soon after it started selling oil for euros instead of dollars. In reality, the switch happened in late 2000 but Iraq wa
by unmole 3y ago
Graeber suggests that Iraq was invaded soon after it started selling oil for euros instead of dollars.
In reality, the switch happened in late 2000 but Iraq wasn't invaded till March 2003. And 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
- tremon 3y agoTwo years (from late 2000 till early 2003) is absolutely "soon" in international political timeframes.
- notahacker 3y agoTrue, but Iraq making some non-dollar payments for oil is absolutely insignificant in international monetary flows.
- unmole 3y agoThe US invading Afghanistan less than a month after 9/11 was soon. Two years is too long to even establish a causality chain. Again, the switch was authorized by the UN Security Council. The US could have simply vetoed the resolution if it was considered a threat.
- cma 3y ago>The US could have simply vetoed the resolution if it was considered a threat. I'm not advocating the theory, but W. Bush wasn't inaugurated until early 2001, so if it was a difference between admins it couldn't have been vetoed in time.