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To: Jhoffa_
Some of what this guy says is true. Every American reaps the befits of the US dollar being the world's reserve currency. Our huge trade deficits are much easier to slough off due to our dollar being the foremost reserve currency.

Two factors that make the dollar strong and enhance it's reserve currency status

Maybe this guy is right and this really is a battle between the EU €  (France Germany) and the USDollar $ (United States and UK) and I want the USA to win

 

 

20 posted on 03/09/2003 5:09:07 PM PST by dennisw ( http://www.littlegreenfootballs.com/weblog/weblog.php)
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To: dennisw
Thanks for reading it Dennis, I was very curious what the FReepers would think about this. I knew some of the more economically savvy FReepers would deconstruct this thing and clarify it.

Yes, it does sound plausible.

I still think I disagree with the leftist assertion that "it's all about oil", "the dollars for oil" and such because Iraq didn't switch to the Euro until 2000.

So that does rule currency, and oil out as a motivation for the first gulf war.

As far as the prime motivation for this current conflict, I simply hope the author is mistaken. Because that would make us the instigators and Iraq's refusal to trade in dollars the justification for an attack.

25 posted on 03/09/2003 5:19:49 PM PST by Jhoffa_ (Yes, there is sexual tension between Sammy & Frodo.)
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