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By Dr.Krassimir Petrov & Rep. Ron Paul (R/TX)  Posted by (about the submitter)       (Page 1 of 2 pages)   No comments
those fields. He could simply print dollars for nothing and use them
to get all the oil in the world that he needs.
He must have had some other reason to invade Iraq.

Dr. Krassimir Petrov:

Dr K. Petrov started by referring to the above extract in his article
with reference to what took place with Iraq previously. The notion
that Iraq had weapons of mass destruction was in fact a great
distortion of the real reason why military intervention was carried
out. Dr. K. Petrov then reiterated the statement that history teaches
us that an empire goes to war to either (1) defend itself or (2)
benefit from war and the Iranian situation is no different. The
situation in Iran is that they are 10 years away from potentially
having nuclear weapons. Whereas, North Korea is many years ahead of
Iran in terms of it�s nuclear agenda and we are not hearing any
signals about a potential military reprisal against them. Based on
recent evidence in Iraq, the current policy is merely a culmination of
what has already passed with future projections of an attack on Syria
also on the cards.

Q4/ Why was the Euro as a currency introduced into the global market?

Dr. Krassimir Petrov:

The idea of introducing the Euro as a currency into the international
financial markets

was given credence in the early 1990�s. The main reason was to
establish a currency that could compete with the dollar in the global
economy. By having a strong Euro

operating in the oil market will dramatically shift the balance of
power as the main oil exporting countries will begin to evaluate their
options in this market with the EU and in relation to their balance of

Q5/ What is the realistic probability of the Iranian Bourse operating
successfully from March 2006 onwards?

Dr. Krassimir Petrov:

According to the reports I have, there is nothing suggesting at this
moment in time that the Iranian Oil Bourse will not become operational
from March 2006 onwards.

Q6/ At this stage when pressure is being put on Iran by the UN
Security Council and the U.S. Government, what compromise is there on
a economic front with references to the Iranian oil bourse &
preventing a potential military attack on Iran?

Dr. Krassimir Petrov:

The U.S. and it�s international allies do not really wish to engage
a military battle with Iran at this juncture in light of what has
happened in Iraq. However, when you suggest a compromise that would be
beneficial to the U.S., the only viable compromise would be for the
Iranian Oil Bourse not to go ahead. Otherwise, the repercussions as
the precedent from Iraq shows is an increasing likelihood of a
military reprisal. This is further reiterated in the opening statement
of W.D. Clark�s article on �Petrodollar Warfare� where he cited
following passage from a speech made by President G.W. Bush �This
notion that the United States is getting ready to attack Iran is
simply ridiculous...Having said that, all options are on the table."

The End of Dollar Hegemony: Analysis of Congressman Ron. Paul�s

Before the U.S. House of Representatives.

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