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Oil, the Euro, Trade Balance Chouxxx 08/08/04
    I can think of few things more complicated than Ecomonics, World Econmics. Today I read another take on one reason for a War on Saddam(Iraq).

    Oil is priced in American dollars. Iran had somewhat recently decided to price oil in Euro-s, and Saddam of Iraq was just beginning the process to change pricing its oil in Euro-s. Pricing oil in Euro's would be a potental economic disaster for America. America would be subject to the fluxuations in a foreign currency value and the potential for huge trade deficits could ruin America's economy.

    So now? Is America at war with Islamic terrorists and their hidden sympathizers like France and Germany in order to save our economy? With those who want to bring America down by ruining our economy? Thus.....?????

    [Great Britain is not on the Euro; they are still on the pound sterling.]

      Clarification/Follow-up by ETWolverine on 08/09/04 5:10 pm:
      >>>Oil is priced in American dollars for a excrutiatingly important reason. <<<

      Yeah... we buy more of it than anyone else, that's why.

      Elliot

      Clarification/Follow-up by Chouxxx on 08/09/04 5:42 pm:
      AND........if it weren't...........

      Clarification/Follow-up by ETWolverine on 08/10/04 3:08 pm:
      If it weren't it would be priced in the currency of whichever country WAS the largest purchaser of oil. That's the way things work.

 
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