Obliteration of Iran and Dollar Denominated Economy

[Nagarjuna]

I think in the present context of rising global oil prices and
military expenditure in Iraq and Afghanistan,
(apart of course that domestically American public is fatigued and
irritated by American interventionisms) the issue that is of
substantial and long term damage to American pursuit of sectarian
foreign policy interests, in the trouble spots of the world is the
deliberate attempt by Iran to shift from a dollar denominated oil and
energy trading regime to non dollar denominated currencies.
In my opinion it is this issue which is raising the hackles of
American diplomats.
The love for Israel etc is just a remnant of the past.
The Euro, and the yuan are beginning to move away from the dollar
regime.
With respect to China, too, China Africa relations are also of concern
to US because the dollar is being dispensed as an intervening currency
by an increasing number of countries to conduct mutual exchanges.
What is really of concern to Americans is that if the energy and fuel
markets, where American and British companies have traditionally
called the shots post Second World War, begins to move away from the
Dollar to the Euro as the exchange currency, it will strategically cut
American influence over the world energy markets, especially in the
scenario of global recession and refusal of Saudi Arabia and Japan to
foot the massive American economy deficit.
It is this that American diplomats are scrambling to find solutions to
and the cause for deliberate demonization of Iran and its leaders in
the Western media.
With the rest of the world not buying this argument, especially in the
sayonara year of Bush presidency, American diplomats desperately keep
trying to decouple the issue of dollar payments for oil from Iranian
foreign policy.
The India US civil nuclear accord was also, in my opinion, an attempt
to keep India in the "dollar denominated" economy and world order.
Regards,
Nagarjuna