The Euro: Possibly the Real Reason for US Invasion of Iraq?

I was one of the people who the American war against Iraq, especially in light of the absence of any weapons of mass destruction in the country. This caused me to disrespect George Bush because, the decision his administration chose to go into what seemed to be an unecessary war. However, I think I have discovered what seems to be a more genuine reason for the US invasion of Iraq: they do not want OPEC to switch from the dollar to the Euro.

ThirdWorldTraveler: Oil can be bought from OPEC only if you have dollars. Non-oil producing countries, such as most underdeveloped countries and Japan, first have to sell their goods to earn dollars with which they can purchase oil. If they cannot earn enough dollars, then they have to borrow dollars from the WB/IMF, which have to be paid back, with interest, in dollars. This creates a great demand for dollars outside the U.S.

FeastaThe dollar is the de facto world reserve currency: the US currency accounts for approximately two thirds of all official exchange reserves. More than four-fifths of all foreign exchange transactions and half of all world exports are denominated in dollars. In addition, all IMF loans are denominated in dollars.

So the US creates the dollar out of thin air, while other countries (including Nigeria) have to obtain and hold increasing quantities of the dollar by exporting their goods and services to the US. Through this mechanism, the US government has been able to finance many projects by creating more dollars without causing any inflation, which is what would have happened in other countries. As long as the dollar remains in this position, the US will continue to dominate the world economically.

So, the dollar is to the US what oil is to Nigeria - their main export product! If an organization like OPEC, which currently sells oil only in dollars, switches to the Euro, then countries that depend on oil will start converting their dollars into Euros causing a sharp decline in the value of the dollar. This would cause a major disturbance of the US economy.

Iraq, under Saddam Hussein, became the first and the only OPEC country to have dared to switch to selling their oil in Euros. Due to this, other countries like Iran and Venezuela (George Bush's "axis of evil!") and now Russia, have started considering such a move. George Bush, thanks so his advisors, knows how much havoc such a move will wreck on the US economy if copied by other countries. Hence, the US invasion of Iraq.

Now that the US has invaded Iraq:
- The new administration has returned to the policy of selling oil for dollars, not Euros.
- Iran and Venezuela will be wary of possible US military action if they attempt the same move!

Now I understand why George Bush insisted on "liberating" the Iraqis from Saddam, leaving the millions of Africans suffering under harsh dictators, famine, and genocide to fend for themselves. That is why they are happy to keep their forces in Iraq despite the daily death toll on American lives (you know how Americans normally value the lives of their people!)

Sources:
Cóilín Nunan: Oil, Currency and the War on Iraq [size=8pt](please read this before you reply)[/size]
It's not about oil or Iraq. It's about the US and Europe going head-to-head on world economic dominance.
Why African Americans Should Oppose The War - By Dr. Sonja Ebron

You know what? If I was in the US President's shoes, and I was committed to advancing the interests of the United States, I think I may have felt compelled take the same decision.