Who said anything about cheap oil?
Protecting the US dollar could be a major reason to take out Iraq. Currently, the dollar is backed by a 9 trillion dollar indebted government. Sounds pretty flimsy to me.
It could serve as a major reason to take out a leftist government in Mexico just as easily.
"Protecting the US dollar could be a major reason to take out Iraq. Currently, the dollar is backed by a 9 trillion dollar indebted government. Sounds pretty flimsy to me."
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here's the fix....
http://www.nesara.us/pages/history.html
I might be misunderstanding what you are saying, but, IMO, the best way to evaluate whether or not the U.S. is over-leveraged is to look at how the market prices our currency and debt (public and private) in general. Considering that interest rates are still quite low by historical comparison, I would suggest that the investing public has quite a lot of confidence in the U.S. economies ability to grow and pay off that debt (and do so without creating a surge in inflation).
I would further suggest that going to war for complex economic reasons in today's interconnected world would be difficult to support because it would difficult to have predict the outcome. If anything, a war could scare the heck out of investors and cause a steep decline in the DJIA et al and cause an outflow of international investment.
Long story short, I think this article advances a naive POV...but I still think is interesting because it makes us think.