We're allegedly headed down a dangerous road. This is a very interesting video outlining a thesis of how World War 3 will start, "if we allow it to":
The first video in summary:
- Bretton Woods agreement. U.S. dollar named reserve currency.
- Vietnam war happens.
- U.S. needs money.
- Nixon realizes this, so he gets Saudi Arabia's King Faisal to sign an agreement that states that they will only sell oil in exchange for U.S. dollar.
- Petro dollar born.
- More gulf states join in on this. They get military protection in exchange.
- Countries across the world now have to trade with the U.S. to acquire said USD and thereby acquire Arab oil.
- 2003 approaches, Iraq declares it will sell its oil for Euros instead of the USD.
- U.S. government (the apex of it) realizes that even a few countries dissenting from the USD being the petrodollar could set off a chain reaction that would cause the dollar to collapse.
- Dollar nears collapse, but instead of realizing this and acquiring a peaceable solution, the U.S. government decides to start a propaganda campaign to invade Iraq.
- Following Iraq war, Iraq now sells its oil for the U.S. dollar again.
- Plan laid out for invasion of various other countries in the Middle East/Africa being invaded, as stated by Retired General Wesley Clark on Democracy Now in 2005.
- Libyan government, headed by Gadaffi, comes up with a plan to change oil currency from the dollar to the hypothetical "dinar."
- Gadaffi soon deposed by U.S.-backed rebels later on.
- Iran, Syria, Sudan, Somalia and Yemen are "next."
- China/Russia realizes that they will have to submit to the petro-dollar if Iran and Syria fall, or, alternatively, go to war.
- China/Russia warn the U.S. that this would mean war, NUCLEAR war.
- U.S. takes a gamble, goes in (right now) on Syria anyway.
And here we are.
As for my opinion:
I actually don't think WW3 will start, but it will be another case of brinkmanship. I think Iran and Syria will both eventually fall, we'll go to some scenario worse than another Cuban Missile Crisis, but Russia/China will eventually be forced to yield, and then the next chapter will begin. Of course, it could all go wrong and nuclear world war 3 could begin, but no one really knows. The author also contradicts himself a lot of times and cognitive dissonance is abundant within both videos, an example being his definition of a war.