Some people have said that the US went to war with Iraq because of its oil. Still others have said that the US went to war with Iraq because Sadam Hussein was asking to trade oil for euros instead of the dollar.

With the dollar's slide against all major currencies, I've begun to speculate whether the latter reason for the US war against Iraq might be just a little bit true.

And now there's this story which the American mainstream press isn't even touching, Sell oil for gold, not dollars, Mahathir tells Saudi Arabia.

What angers me sometimes about the left wing press is that they unceasingly advocate the failure of american corporate business and the dollar, without having any idea what this would mean for their own livelihoods. If american corporate businesses were to fail in large numbers and the dollar were to continue its slide, things here in the States are going to economically get really, really bad not just for the poor, but for everyone including the left wing press and media.

No one on the left seems to understand that though. When business is bad, it affects almost everyone except the very very rich. The left will not be excluded from an economic downturn. In fact, they will probably be the ones most affected as their revenue streams will the first to dry up. Except for the lucky few who are supported I suppose by businessmen like George Soros.

If oil stops being traded for dollars, and instead is traded for euros or worse gold, well, hold on to your hats beause it's going to be scary ride to economic hell.