Real Reasons For The Unclear Deal

Democrat chairman of the house foreign affairs committee and non-proliferation hard-liner Howard Berman continued with his negative tactics and introduced a new version of the nuclear deal bill in the House Representatives that would be unacceptable to India. The Berman bill also has a killer provision on Iran that links India’s cooperation on Iran to the nuclear agreement, sources said. - (N-Deal: Berman introduces killer amendment, in Economic Times, dated 26 Sep, 2008, 0439 hrs IST, ET Bureau)

My post dated , September 20, 2008,123 Agreement - What Manubhai Does Not Tell Us, But Hurts Us talked about what could be the real reason why the US is so eager to do this deal with India. Iran with its Iran Oil Borse is a significantly determined effort to shake up the dollar hegemony. And that is something that has the USA rattled. No question!

With the 123 Deal - or without it, India will get the technology. That is not in question. It is another question whether India can at all partner with Iran to establish an alternate world currency (system).

So, my friends at the ET bureau, please note that the 'negative tactics' by Howard Berman are really desperate measures - to save the dollar hegemony.