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Really? Do you have some evidence of this conspiracy theory?
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The petro dollar cycle is fact just like the U.S. public was threated with a Mushroom cloud over one of its cities (that was fact to remember you had not know about that either).
Petrodollar financial definition of Petrodollar. Petrodollar finance term by the Free Online Dictionary. Quote:
Petrodollars
The money that oil exporters receive from selling oil and then deposit into Western banks.
Notes:
Petrodollars refers to the money that Middle Eastern countries and members of OPEC receive as revenue from Western nations and then put back into those same nations' banks. For example if Libya were to receive money from the U.S. for oil and then put the money into a U.S. bank, that deposited money is referred to as petrodollars.
Petrodollars are also known as petrocurrency.
Deposits by countries that receive dollar revenues from the sale of petroleum to other countries; the term commonly refers to OPEC deposits of dollars in the Eurocurrency market.
The funds that are controlled by oil-exporting countries and have been used to pay for oil imports. Petrodollars are a huge pool of funds available for investment and the purchase of goods and services. Although stated in terms of dollars, the term generally refers to all currencies. |
As for...
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As if any ot the UN members(including the USA) had any interest in Iran petro dollars when their main market was with Saudi Arabia, Canada, Mexico and Venezuela?
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You would think the U.S. would just stop buying oil from Iran then if can buy from these other producers. I don't think that's going to happen.. do you?
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The major problem in the middle east is Islam and it's crazy hate for Jews, and the Islamic nations propensity to spread its beliefs by threats and force. As well as countenencing and protectring renegade bands of terorists who attack any or all who don't profess beleif in Allah? They don't care if we buy their oil and without it they woild still be riding camels in the deserts?
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I think you may have some race relations problems, maybe you should seek some help about this issue.