In early June, Russia switches the oil payment from dollars to Euros.
This is very important news. If people starting to abandon the dollar, US will be hurt seriously in economy. Yet the news was little reported by the mainstream media. Several days later, the ISIL rebel in Iraq activates an offensive. The puppet Iraqi government retreats without any resistance. As a result, the oil price goes up.
Since the money used in most oil trading is dollar, the higher oil price will force the buyer to keep more dollar in bank as purchasing power. It’s a big amount if future option is included. Manipulating oil price becomes a strategy to save the dollar. Iraq is a big country of oil production and exportation. Its political stability has huge influence to oil price. US has turned it into a switch to adjust the oil price.
840. US keeps Iraq a battle field to adjust oil price (6/25/2014)
Since the recent Iraq crisis created by the US is to save dollar, US will maintain the current situation unchanged. A US craft carrier has been deployed in Mid-East, no air attack has done so far.
Three hundred US military advisors were sent to Iraq. Their role likely is to instruct Iraqi troops to retreat from cities or oil fields when they want the oil price to go up. Or vice versa.
The US will turn Iraq into another battle field. Let Arabs fight Arabs. Decades ago, it was Saddam's Iraq vs. Iran. Now it will be Sunni's Iraq, Saudi, Qarda vs. Shiiti Iraq, Iran.
That's a strategy it used to play, just like it manipulates Democrats and Republicans in domestic politics.
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