Alan Greenspan Reveals Truth About U.S. War on Terror

Former U.S. Federal Reserve Chairman Alan Greenspan, with the candor exhibited by once-powerful men in their twilight years, has set the record straight about George W. Bush’ war on terror: It’s the oil, stupid.

Michael Moore has been saying this for years but his goofy, irreverent approach has made it easy to brush him aside. But now Greenspan, a pillar of the Republican establishment for decades, is saying the same thing.

In his memoir “The Age of Turbulence: Adventures in a New World”, Greenspan says:

“I’m saddened that it is politically inconvenient to acknowledge what everyone knows — the Iraq war is largely about oil.”

Oil and who controls it.

The Bush family’s business ties to the oil industry is well known, to the point that they are considered family in the House of Saud. Small wonder then that the war on terror would play out in the Middle East, in the oilfields of Iraq. Bush and the major oil players had to make sure that their economic interests were secured first.

Greenspan says he supported the invasion of Iraq not because Saddam Hussien might have had weapons of mass destruction, but because Saddam had shown a clear desire to capture the Middle East’s oil fields.

“I supported taking out Saddam, because he was moving inexorably toward taking the world’s oil resources”.

This was presumably the Bush administration’s thinking too.

And George W. is in a happy bind. As the body count rises, he has been groping around for an exit strategy from the Iraq quagmire, so far without success. Give the recent surge in U.S. troop deployment time to work, he says. But the only surge working for him is the surge in oil prices, which leaves his personal bottom line in good shape.

3 thoughts on “Alan Greenspan Reveals Truth About U.S. War on Terror”

  1. Left gatekeepers propagated the myth the war was about oil. The truth is zionists like Greenspan have dragged the West into The Middle East Conflict on Israel’s side, on the back of a series of false flag terror attacks in the West blamed on ‘Muslim Terror’. Thats the truth. Thats why you don’t hear it.

  2. I’d rather believe that it’s “about the oil, stuopid” angle than some crack-pot notion about Zion and other religious hodge-podge.

    Americans are so into this sort of theories. Talk about insult to intelligence right?

  3. @Sam- I doubt if Greenspan can be described as a “leftist gatekeeper” as he has been a card-carrying Republican most of his adult life. As for being a Zionist, he is ethically Jewish but his gospel is purely market capitalist. In fact he is a proponent of Ayn Rand’s Objectivism, where he proper moral purpose of one’s life is the pursuit of one’s own happiness or “rational self-interest”; his only strong belief is selfish, pure, laissez-faire capitalism.

    @Jhay – The war is about the oil. Oil IS Iraq’s economy, as it has the 2nd largest proven petroleum reserves in the world, second only to Saudi Arabia. And much of its oil reserves are largely untapped, owing to years of political instability and war. Hence, a country like Yemen, which is a known haven of international terrorists and where U.S. citizens have been killed, will not get the kind of attention from Bush et. al. that Iraq got. Why ? Simply because Yemen has minuscule amounts of oil, hardly enough to keep it from being one of the poorest countries in the Arab world.

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