Understanding the True Dynamics

Engdahl, William F.
April 2006
Military Technology;2006, Vol. 30 Issue 4, p22
The article discusses the clarification regarding the oil bourse in Iran which is said to be the real reason of the conflict between the U.S. and Iran. Accordingly, the establishment of an oil bourse in the country which can be traded in various currencies triggers the role of dollars as a reserve currency in which starts the conflict between the two countries. However, the argument did not have any conviction because it is based on the misunderstanding of "petrodollar recycling."


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