Headline: Brazil and Argentina will soon announce preparations to create a common currency
“The initial intention is that this new currency — whose name, Brazil proposes, will be “the South” — will boost regional trade and reduce the impact of the dollar.”
No incentive for Brazil to do this. It will just water down their currency.
Right now $1 = about 5.20 BRL (Brazilian Real) and about 183 ARS (Argentine Peso)
In US Dollar terms, the Brazilian Real is about 90 times stronger than the Argentine Peso.
So Saddam said he would only take pay for oil in euros.
Iraq bombed to smithereens.
Khaddafi proposes a currency for the entire continent of Africa. Bam. Libya destroyed.
Watch the news for a need for our military intervention in one of these two countries.