War in Iraq Set to Be More Expensive Than Vietnam

In 1973, the U.S. was nearly bankrupt from Vietnam, Nixon halted issuance of gold in return for notes since an international run on the gold reserve had left it half depleted, and the economy was about to collapse. Kissenger engineered the attack on Israel and Israel's harsh response against Egypt and Syria, so as to provide a pretext for the Arab Oil embargo, which in turn drove up the cost of oil so much that the gold-dollar was replaced with the petro-dollar, thereby saving the U.S. economy from complete collapse, because oil from Alaska and the Artic finally became profitable. Now, the U.S. is in a similar situation with record deficits, partly due to the war-profiteering surrounding Bush's so-called "war on terrorism." But what will save a sinking U.S. economy with the oil already nearing unsustainable highs and with no further significant domestic petroleum sources?