Our government exists on the "Full faith and Credit of the United States."

Our dominance as a Nation over the World's Trade Balances, the prominence of the IMF, the World's purchases of oil, and for food are all based on the strength of the US Dollar. The entrance of the Euro and the sudden surge of the strength of the Euro over the dollar have far more reaching consequences than the 'cost of your next European vacation.'

These articles speak for themselves. I am shocked at what I read.

http://www.feasta.org/documents/papers/oil1.htm

"So far only one OPEC country has dared switch to the euro: Iraq, in November 20002,3. There is little doubt that this was a deliberate attempt by Saddam to strike back at the US, but in economic terms it has also turned out to have been a huge success: at the time of Iraq's conversion the euro was worth around 83 US cents but it is now worth over $1.05. There may however be other consequences to this decision."

"One of the stated economic objectives, and perhaps the primary objective, when setting up the euro was to turn it into a reserve currency to challenge the dollar so that Europe too could get something for nothing.

This however would be a disaster for the US. Not only would they lose a large part of their annual subsidy of effectively free goods and services, but countries switching to euro reserves from dollar reserves would bring down the value of the US currency. Imports would start to cost Americans a lot more and as increasing numbers of those holding dollars began to spend them, the US would have to start paying its debts by supplying in goods and services to foreign countries, thus reducing American living standards. As countries and businesses converted their dollar assets into euro assets, the US property and stock market bubbles would, without doubt, burst. The Federal Reserve would no longer be able to print more money to reflate the bubble, as it is currently openly considering doing, because, without lots of eager foreigners prepared to mop them up, a serious inflation would result which, in turn, would make foreigners even more reluctant to hold the US currency and thus heighten the crisis."

NEWS">http://www.sovereigncause.org/news4n.html#page4t">NEWS

http://www.ratical.org/ratville/CAH/RRiraqWar.html

http://www.opec.org/NewsInfo/Speeches/sp2002/spAraqueSpainApr14.htm

http://www.corpwatch.org/issues/PID.jsp?articleid=5529

http://www.eia.doe.gov/cabs/saudi.html

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