Link to the full article One of the unspoken reasons why the United States had to invade Iraq was to liberate the U.S. dollar in Iraq so that Iraqi oil could once again be purchased with the petrodollar. ...When the Federal Reserve has money printed, when it is in uncut sheets of paper, it is not yet money. After it is cut, bundled and placed into the Federal Reserve vaults, it still is not money. It only becomes money once it is borrowed.
The US dollar and Iranian oil
The US dollar and Iranian oil
The US dollar and Iranian oil
Link to the full article One of the unspoken reasons why the United States had to invade Iraq was to liberate the U.S. dollar in Iraq so that Iraqi oil could once again be purchased with the petrodollar. ...When the Federal Reserve has money printed, when it is in uncut sheets of paper, it is not yet money. After it is cut, bundled and placed into the Federal Reserve vaults, it still is not money. It only becomes money once it is borrowed.