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Petrodollar Warfare: The Common Thread Linking Venezuela and Iran

Iran has been calling the United States “The Great Satan” for a very long time. We have a short memory in the US, but the Iranians remember that we ENGINEERED the coup that removed the popular democratically elected prime minister Mohammed Mossadegh and installed the brutal dictatorship of the Shah.

They remember that we backed Iraq in the Iran/Iraq War, and we have been antagonistic since at least 1979 when the revolution captured our embassy.

The Iranian people, are actually pretty westernized. They are probably more sympathetic to us than they are to our government. But you don’t make friends by assassinating people.

War with Iran didn’t just happen overnight.

“The U.S. is able to dictate these econo-warfare policies through its disproportionate control of the world financial system. Iran has been sounding warnings about this strategy for some time and has been a vocal advocate of creating a new global financial system that will bypass U.S. control of the existing global financial system.

“Iran, though, is not the only country interested in such an arrangement. Russia, China, and Venezuela have all found themselves facing arbitrary economic penalties levied by the U.S. and have also taken steps to wean the world off the dollar and use alternative currencies to conduct business, a global trend that could seriously impact U.S. dominance over the world economy. But in order to understand where “King Dollar” is going, we have to understand where it came from.”


© Nadir Omowale