|
Edited on Fri Dec-19-03 12:48 PM by GoreN4
(fyi: Summary of my book to be released Fall 2004...)
September 11th, 2001 was an historic event. Unfortunately, rather than utilizing that event to stimulate debate regarding the means to strengthen our nation via energy independence, it has been instead exploited to reaffirm the United States position as the global imperialist hegemon. This unprecedented unilateralist framework was outlined by the neoconservatives years in advance; consequently, the outpouring of world sympathy following 9/11 has been squandered in pursuit of the US administration’s militant imperialism. As such, 9/11 represents a missed opportunity for debate and policy reforms.
March 19th, 2003 was similarly an historic event. The unprovoked US/UK led invasion of Iraq appears to been driven by two coalescing factors, the emergence of global “Peak Oil” and the ascendance of the euro currency. Recent analysis by leading geologists and international energy consulting firms indicate that global oil supplies may be approaching the Peak Oil phenomenon. This important issue is addressed in the context of long-standing US Geostrategic goals regarding Iraq. The second convergent factor that added urgency to the Iraq war was the Bush administration's unreported objective of preventing further OPEC momentum towards the euro as an oil transaction currency standard. However, preemption of such OPEC moves required securing Geostrategic control of Iraq, along with its 2nd largest proven oil reserves.
XXXXXXX's meticulous research analyzing U.S. dollar hegemony, unsustainable macroeconomics of ‘petrodollar recycling,' and the unpublicized challenge to US dollar supremacy from the euro as an alternative oil transaction currency offer an important analysis of the Iraq war. He recommends that monetary reforms suggested by international economists should be pursued to create a more balanced global monetary system, and hopefully reduce future oil currency warfare. If US policy makers and the EU can implement monetary reforms via an orderly, gradated approach, this could create a more balanced system for the global economy. The author warns that without changing course, the American Experiment will end the way all empires end – military overextension and economic decline. Monetary and energy reforms should be negotiated within the framework of multilateral accords; otherwise, the beginning of the 21st century will quite likely include further US vs. EU currency warfare and increased frequency of war over diminishing hydrocarbon reserves.
|