Posted on 1-7-2003
Euro
- Economic Weapon Of Choice
By: Roy S. Carson
A move by Venezuelan President Hugo
Chavez Frias to replace the US$ with the €uro
is seen as upsetting Washington more than when Iraq's Saddam
Hussein started using the €uro
for oil transactions last November ... precipitating the US-led
action to invade Iraq. Beltway bullies are now said to be angered
by Venezuela's decision to barter oil with thirteen other Latin
American countries, dealing moves to dollarize South America
currencies. Intelligence reports say that while the US was able
to pull the wool over the international community and ally with
Britain's Blair to bulldoze action against former Iran War ally
Hussein, the situation with Venezuela is proving more difficult.
While there has been political pretext to cold-shoulder Chavez
Frias and his government for supposed links with Cuba's Castro
and Libya's Khadaffi, the United States is loathe to do more
than to give subversive support to anti-Chavez elements in Venezuela
fighting against the Venezuelan President's domestic war against
political and economic corruption which have permeated the South
American country for the last half-century.
International finance experts see how the US dollar has been
devaluing against the €uro,
as important players on the international scene convert to the
European currency for more stable transactions ... Russia, China,
North Korea and Malaysia have begun holding €uros
as important hedgings in their foreign exchange reserves as
faith in American greenbacks floats down the river.
CIA and other intel organisations, including Britain's MI5,
now fear that the next step is that the Organization of Petroleum
Exporting Countries (OPEC) is about to switch to €uros
. the immediate effect would be a massive devaluation, perhaps
sparking of domino-effect devaluations world-wide in US$-related
foreign reserves and foreign debt calculations.
With a massive budget deficit, the United States is running
scared of latest intel that the Kingdom of Saudi Arabia is on
the brink of converting to the €uros
and the opinion held by many OPEC ministers is that the conversion
is an inevitability ... the only question left is WHEN?
Arab sources claim that €uro
conversion across the Middle and Far East is a rational step
to counteract the United States' capacity to "wage further
illegal wars (a.k.a. State-sponsored terrorism)" around
the world and that any prolonged occupation of Iraq by US/British
forces ... and any move towards withdrawal of Iraq from the
OPEC cartel ... will only precipitate "remedial action"
by like-minded Arab nations to protect their own best interests
over Washington's.
A significant step in this direction is that Iran is contemplating
switching to the €uro and,
as a result, is the latest object of United States undiplomatic
interference . an intel sources says "they are stimulating
opposition forces, making covert threats ... the next step is
destabilisation and quasi-liberation warfare under the pretext
of promoting US-style democracy but essentially aimed at maintaining
the US dollar as a global transaction currency."
Our editorial statement reads:
VHeadline.com Venezuela is a wholly independent e-publication
promoting democracy in its fullest expression and the inalienable
right of all Venezuelans to self-determination and the pursuit
of sovereign independence without interference. We seek to shed
light on nefarious practices and the corruption, which for decades
has strangled this South American nation's development and progress.
Our declared editorial bias is pro-democracy and pro-Venezuela
... which some may wrongly interpret as anti-American.
Roy S. Carson, Editor/Publisher Editor@VHeadline.com
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