If you really want to piss off the American economy, just start trading Oil in Euros.
Since OPEC announced that all oil trading would be done in US$ in the 1970s(?) the
American economy has been laughing.
Everyone needs to convert to US$ to trade oil and this means that oil prices are
never bad against the US$ and it means America has a easy time selling UD$s.
Then Iraq decided to trade oil in euros. Everyone thought Iraq was shooting it's self
in the foot because this meant no trading with OPEC and less profit per barrel selling
to almost all other currencies, but then the Euro went up 15%+ against the US$ and
suddenly Iraq was making big money.
Iran, Venezuela and Korea see the big profits Iraq is making and also switch to Euros
for oil trading.
OPEC starts to get worried that other countries will switch to Euros for oil trading.
OPEC prepares to switch to Euros as well so that it does not lose out on the profits.
This worries America a lot. If OPEC switches to Euros it will mean a end to the happy
times and a big devaluing of the US$.
BUT
Just as things are looking grim for the American economy Iraq (the first country to
trade in Euros) is invaded by America. The message is loud and clear; trade in Euros
and feel America's wrath.
Countries cancel plans to switch to Euros and the heat is taken off OPEC who
continue to trade in US$. The American economy is saved.
Too bad about the death and destruction etc.
