I heard a rumor today and I thought I'd run it past the arfcom hive brain; it makes sense to me, and while I don't give a rats ass why we went to Iraq, beyond simply it was a good thing to do for the ten or so bastiches in that country that actuall like us, I thought it was interesting;
The rumor is that oil traded on the world market is traded in USD's. So to buy oil, you have to have dollars to do so. Soddomize Hussein was about to break with that and start selling oil via the Euro, therefor causing a drop in demand for the USD, a subsequent rise in the value of the Euro and general depression for our economy, possibly leading to a major-to-catastrophic depression.
The reason Franch and Germany and so many other European countries were against the war was the increase in their economic clout that would be brought about by the increase in value of the Euro.
OK, there it is. It makes some sense to me but I'm not an economist or anything. So tell if if this is feasible or puuuure-D- tinfoil.
CBR.
[Edited to add] This rumor was relayed to me by a buddy who's a jr staffer in the Senate. From what I've heard the jr staffers are basically receptionists/etc so I don't know if that lends creedence but he was pretty sure about it.