I've tried explaining this theory to some people and they just look at me crazy, but it just makes sense. The spending on wars, the debt incurred and the devaluation of the dollar.
Countries are seeing the light that they don't need to sell their own oil in dollars. If all opec companies simultaneously dumped the dollar and sold them in euro's or other currencies.
Our currency would almost fall flat on its face over night and hyper inflation would occur. We consume way more than we produce hence why we will be screwed in this situation.
We can't produce enough to trade our domestic goods for other currencies to sustain our dependency on oil. Its funny when you ask your common folk around town "Do you know why economic experts have said the occupation of Iraq was for oil" and most people just saying its to keep gas prices down or they've never heard that etc... Its just ridiculous that people focus on abortion, gay marriage, and religious issues yet they fail to see what their government is doing without telling the public.
Iran will conveniently about potential WMD's that don't exist and before you know it, were policing the world taking over the worlds oil reserves to protect our flawed consumptive society.
Yet no one seems to care any of this is going on. It's because your average american believes into all the bullshit propaganda that gets spread through the media. This is one of the reasons why I woke up and followed Ron Paul because he acknowledges all of this.
No other candidate will in fear of losing their precious lobbied handouts. Sorry I've gone on a jumpy type rant, but I think most of you know where I come from when you try to talk about something and people are completely ignorant or just call you a looney conspiracy nut job.
None of this to me is irrational or conspiracy, but it very plausible and based on economic facts. Its just never been confirmed that's whats going on because our government doesn't acknowledge it.
