What if the US attacked Iraq to prop up the US Dollar? This article delves into that idea.
Iraq is a European Union beachhead in that confrontation. America had a monopoly on the oil trade, with the US dollar being the fiat currency, but Iraq broke ranks in 1999, started to trade oil in the EU’s euros, and profited. If America invades Iraq and takes over, It will hurl the EU and its euro back into the sea and make America’s position as the dominant economic power in the world all but impregnable.