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[–] laserpewpewpewpew 0 points 4 points (+4|-0) ago 

You'd be wrong. Controlling the world currency with military backed oil petrodollars is the only thing that matters. Literally everything is secondary.

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[–] murraryrothbard 0 points 1 points (+1|-0) ago 

I just don't think they put much stock in gaddafi's rumored plan to use a gold backed dinar. Africa doesn't have much developed wealth, it's a shithole really. Size of economy matters. We could debate development potential sure but a gold backed dinar was not a huge threat so much as the countries taking steps to form a union.

Iraq was a different story on the currency topic. Vast oil and natural gas wealth in the ME that is already industrialized for export...if saddam kicked the US dollar it was very important. If he got away with it other ME countries might join, game over. Africa has a long way to go before they are capable of exporting something other than illiterate, unemployable mouths to feed.