ARABS PLOT TO DROP DOLLAR

Ah, you beat me to it. That was to be my next subject. Congrats!

This will cause great consternation in DC and on Wall St and everywhere that dollars must be traded for oil...which forces foreign central banks to hold or buy dollars when they wish to purchase oil.

Saudia Arabia alone produces between ~ 8 - 12 billion bbls of oil per day, depending on quotas set by OPEC...the quotas are usually disregarded to one extent or another, depending on current prices for oil. Our agreement with the Saudis was to provide US military protection if they would sell oil only for dollars. Actually, this arrangement is the backbone of dollar world reserve currency status, or dollar hegemony if you prefer. Bretton Woods was a lot of talk...but the 'only dollars for oil' was the big one.

This will also put the 'Carter Doctrine' back in the headlines...or, it would if the US main stream media were worth a whit...which they are not.

...among other things the Carter Doctrine contained this key sentence (written by Zbigniew Brzezinski)...'Let our position be absolutely clear: An attempt by any outside force to gain control of the Persian Gulf region will be regarded as an assault on the vital interests of the United States of America, and such an assault will be repelled by any means necessary, including military force.'

Question: is the phrase 'gain control of the Persian Gulf Region' limited to military control...or does the phrase encompass economic control as well?

The remainder of the Carter Doctrine can be found at this WIKI site... LINK