Novus America wrote:The Celtic British Isles wrote:Does not matter if they wanted to trade in gold or not. Iraq was a main supplier of oil, and while nations like the USA and Russia would be fine, smaller nations would either have to pay in gold, or rack up debt to get oil from iraq. Look at Gadhafi's gold money plan for a more recent attempt at a plan like this
Saddam was always quite willing to take USD from anybody. He was a greedy fuck looking to make a buck, not trying to undermine the dollar with some nonsensical scheme.
Said poor countries would just buy oil elsewhere. Nobody is going to pay gold. Nobody will trade in gold. Gaddafi was insane, and his plan was a stupid idea that could never be implemented.
What was Gaddafi's idea?






