Apparently every other crackpot has their own conspiracy theory featuring collusion and backroom shenanigans. I’d be remiss if I didn’t offer mine. I began thinking about this because the majority of questions disingenuously asking if the US is going to war with Iran are from non-American askers.
It is an established fact that Iran was going to establish an oil bourse (the Iranian Oil Bourse – IOB) that traded in Euros and other currencies. An issue that would have little effect on the US as Iran sells very little oil or natural gas to the US. After years of announcing the impending first day of the end of the dollar as the world’s preeminent currency Iran has never made the change. Even if it did there would be a slight effect on the dollar as Iran’s customers, mostly Europe and Asia, be able to use their own currencies to buy Iranian oil and gas. No problem for Europe, but a major pain in the neck for some Asian countries, many of who have trade surpluses with the US and a corresponding surplus of dollars, who need to trade for a currency accepted by the IOB.
So who would benefit from this change?
Iran? Not really except the psychological blow dealt to the US.
The US? No the dollar would slide somewhat against world currencies, especially the Euro.
Europe? Oh yeah baby!
If the Euro grows stronger than the British pound the Brits might be tempted to give up their currency and sign onto the Euro. That act alone would trigger a huge rise on the Euro, but is unlikely as long as the pound is so strong. In other words, Iran switching to the Euro could have the effect of fixing the floundering economies of Europe without them having to do anything about it themselves.
There is a growing concern in England that wants to switch to the Euro, but the conservatives will not allow it. Truth be told the pound is the strongest currency on earth and it would be a foolish move for England to switch to the common currency. But the rest of Europe can’t wait for the current generation to pass on; it needs help now. Enter the Iranian Oil Bourse. But that is not going as planned because despite all his talk President Ahmadinejan does not rule Iran, Ayatollah Ali Khamenei does.
Iran needs dollars to buy oil and gas from other OPEC countries. Iran’s antiquated system cannot produce all the petroleum they need for domestic use and still meet the import quotas. So switching to dollars is not practical yet.
But old Europe, facing disastrous unemployment coupled with job loss cannot wait for these things to “work themselves out.” They need Iran to accept Euros to give their floundering economy a boost. Don’t worry about the crippling inflation; it is all about beating the Americans.
So if you were Europe how would you do that? Have the UN hammer Iran with sanctions and try to force the two countries (Iran and the US) into war. It’s a win-win situation (for Europe). After the war the UN will open the IOB saying it is not in control and Europe will get a high flying economy thanks to the US military. Iran is already on the ropes economically thanks to the US and OPEC pressure on oil production, UN sanctions will push them over the precipice.
So what exactly is my conspiracy theory?
Europe is orchestrating a war between Iran and the US to bolster their currency and damage ours. Why? They have a pathological jealousy of the US, and everything American. They begin every sentence with “I don’t hate all Americans, but…” their jealousy is evident and so pathological they don’t care if people die just so they can be bigger and “better” than the United States. Which by the way is exactly what killed the Japanese economy, trying to beat the United States instead of just competing with the United States.
It is an established fact that Iran was going to establish an oil bourse (the Iranian Oil Bourse – IOB) that traded in Euros and other currencies. An issue that would have little effect on the US as Iran sells very little oil or natural gas to the US. After years of announcing the impending first day of the end of the dollar as the world’s preeminent currency Iran has never made the change. Even if it did there would be a slight effect on the dollar as Iran’s customers, mostly Europe and Asia, be able to use their own currencies to buy Iranian oil and gas. No problem for Europe, but a major pain in the neck for some Asian countries, many of who have trade surpluses with the US and a corresponding surplus of dollars, who need to trade for a currency accepted by the IOB.
So who would benefit from this change?
Iran? Not really except the psychological blow dealt to the US.
The US? No the dollar would slide somewhat against world currencies, especially the Euro.
Europe? Oh yeah baby!
If the Euro grows stronger than the British pound the Brits might be tempted to give up their currency and sign onto the Euro. That act alone would trigger a huge rise on the Euro, but is unlikely as long as the pound is so strong. In other words, Iran switching to the Euro could have the effect of fixing the floundering economies of Europe without them having to do anything about it themselves.
There is a growing concern in England that wants to switch to the Euro, but the conservatives will not allow it. Truth be told the pound is the strongest currency on earth and it would be a foolish move for England to switch to the common currency. But the rest of Europe can’t wait for the current generation to pass on; it needs help now. Enter the Iranian Oil Bourse. But that is not going as planned because despite all his talk President Ahmadinejan does not rule Iran, Ayatollah Ali Khamenei does.
Iran needs dollars to buy oil and gas from other OPEC countries. Iran’s antiquated system cannot produce all the petroleum they need for domestic use and still meet the import quotas. So switching to dollars is not practical yet.
But old Europe, facing disastrous unemployment coupled with job loss cannot wait for these things to “work themselves out.” They need Iran to accept Euros to give their floundering economy a boost. Don’t worry about the crippling inflation; it is all about beating the Americans.
So if you were Europe how would you do that? Have the UN hammer Iran with sanctions and try to force the two countries (Iran and the US) into war. It’s a win-win situation (for Europe). After the war the UN will open the IOB saying it is not in control and Europe will get a high flying economy thanks to the US military. Iran is already on the ropes economically thanks to the US and OPEC pressure on oil production, UN sanctions will push them over the precipice.
So what exactly is my conspiracy theory?
Europe is orchestrating a war between Iran and the US to bolster their currency and damage ours. Why? They have a pathological jealousy of the US, and everything American. They begin every sentence with “I don’t hate all Americans, but…” their jealousy is evident and so pathological they don’t care if people die just so they can be bigger and “better” than the United States. Which by the way is exactly what killed the Japanese economy, trying to beat the United States instead of just competing with the United States.
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