Petrodollar Warfare: The Upcoming Iranian Oil Bourse: Current geopolitical tensions between the United States and Iran extend beyond the publicly stated concerns regarding Iran’s nuclear intentions. Similar to the Iraq war, military operations against Iran relate to the unpublicized but real challenge to U.S. dollar supremacy from the euro as an alternative oil transaction currency.

It is now obvious the invasion of Iraq had less to do with any threat from Saddam Hussein’s [so-called] WMD program and certainly less to do to do with fighting International terrorism. [It had] to do with gaining strategic control over Iraq’s hydrocarbon reserves and in doing so maintain the U.S. dollar as the monopoly currency for the critical international oil market. ‘Operation Iraqi Freedom’ was a war designed to install a pro-U.S. government in Iraq, establish multiple U.S military bases, and to reconvert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency.

Next on America’s Hit List:
Russia Ends de Facto Dollar Peg And Moves To Align Rouble With Euro
Korea (4th largest dollar reserve holding) to Limit Its Dollar Holdings
China: Composition of Currency Basket Revealed (No Longer Fixed Against the American Dollar)

Schroder warns Bush against Iran military action
The Real Reason For the Upcoming War with Iraq: The Petro-Currency Shift to Euro Decided by Saddam Hussein