VENEZUELA: EURO VS DOLLAR WAR

VHeadlines: Venezuelan move to replace US$ with the €uro upsetting Washington more than Saddam's €uro conversion last November

VHeadline.com editor & publisher Roy S. Carson writes: A move by Venezuelan President Hugo Chavez Frias to replace the US$ with the €uro is seen as upsetting Washington more than when Iraq's Saddam Hussein started using the €uro for oil transactions last November ... precipitating the US-led action to invade Iraq. Beltway bullies are now said to be angered by Venezuela's decision to barter oil with thirteen other Latin American countries, dealing moves to dollarize South America currencies. Intelligence reports say that while the US was able to pull the wool over the international community and ally with Britain's Blair to bulldoze action against former Iran War ally Hussein, the situation with Venezuela is proving more difficult.

CIA and other intel organizations, including Britain's MI5, now fear that the next step is that the Organization of Petroleum Exporting Countries (OPEC) is about to switch to €uros ... the immediate effect would be a massive devaluation, perhaps sparking of domino-effect devaluations worldwide in US$-related foreign reserves and foreign debt calculations.

With a massive budget deficit, the United States is running scared of latest intel that the Kingdom of Saudi Arabia is on the brink of converting to the €uros and the opinion held by many OPEC ministers is that the conversion is an inevitability ... the only question left is WHEN?

"Coupe d'Etat underway"