The Truth Behind The Iraq Invasion And A Possible US Conflict With Iran

It is now openly obvious why the US (and its 'coalition of the willing') invaded Iraq (without UN backing) in 2003 under the banner ‘Operation Iraqi Freedom’. It wasn't for the reasons the Bush administration maintained at the time (suspected WMD, a link between Saddam and Al Qaeda, etc. etc.) but to do with the petrodollar. Many people suspected that oil was the underlying reason but few were aware of the more important need to maintain the 'petrodollar recycling' system.

Petrodollar recycling was introduced by the US in the early 70's, when Middle Eastern countries were beginning to produce oil of their own under the OPEC group of nations. Previously, most of the worlds oil was supplied by the US and all trading in this market was carried out using US dollars. When OPEC came into competition with the US oil giants, the Americans struck a deal with their Middle Eastern counterparts in which they would supply Saudi Arabia, etc. with arms as long as OPEC traded their oil in dollars. This meant that if a country wanted oil, for example Japan, they had to sell to the US their home-produced products (Toyota cars for example) in order to raise the necessary dollars to buy their oil from an OPEC country. These dollars were then invested back into the US by, for example, Saudi Arabia and this left the US in a great position. As long as they could print enough dollars to meet demand they would continue to dominate the worlds oil markets and would (and did) make a fortune doing so. This is what ultimately has made the US into the worlds only superpower, with the ability to afford the necessary military might to match.