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Banchory
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Joined: Dec 2018
Posts: 1,207
Banchory is male  Banchory has posted at least 25 times and has been a member for 3 months or more 
 
22-05-2019, 06:08 AM
11

Re: Iran ....

[QUOTE=swimfeeders;1709502]
Originally Posted by Uncle Joe ->

Hi

Trump needs a war, domestic politics.

Iran was inspected in February by an International team who stated that they were keeping to the agreement.

Trump then went solo and put sanctions on them and then and only then, did Iran start up again.
The US deficit is underpinned by the world trade in oil being undertaken in US dollars requiring banks to hold significant reserves of dollars or buy dollars at the time of trading for oil. Any shift towards another currency will result in some of those dollar reserves being exchanged for Euros which will impact on the US economy. Iraq was apparently poised to sell oil in Euros befit the 2bd Gulf war and we are seeing the same bellicose posturing again
 
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