War Fever Prevails
Around Iran
Greed Sick, Crazy Bastards
The Foreign Press Foundation (FPF) forwards an article by Mike Whitney who writes a compelling blow by blow; oil contract by oil contract account of the apparent crisis developing over Iran.
“The truth is, that even the control of oil is not nearly as critical to the US as maintaining it’s continued dominance in the exchange of oil in greenbacks. If Iran is allowed to open its oil bourse (exchange) in March and openly compete with the US’s monopoly on trading oil in petrodollars, the central banks across the globe will dump hundreds of billions of dollars overnight, and the American economy will disappear beneath the waves. This is not fiction.” For the complete piece go to: Why Russia caved-in on Iran
It is a pretty dire prediction that many are making lately. The bourse start – up may be blown out of proportion. Venezuela’s Chavez took to the EU dollar several weeks ago; which might be signaling others in OPEC to do the same. Air bombing the nuclear facilities will only inflame the military forces within Iran to strike back in Iraq.
Along the major road that enters Iran from Iraq lining it for miles are destroyed tanks mounted on stone monoliths symbolizing the destruction of Iraq’s invading army during the last war in the eighties.
The crazy bastards will kill us all.
Whitney also notes that a Russian deal was made with the US security concerns that will trigger military actions.
“Russia’s real goal, however, is 'the securing of rights for exploration and extraction at the huge West Qurna-2 oil field.' Putin has always insisted that the Bush administration honor Saddam’s previous commitments with Lukoil.”
Economic recessionary “bump” or depression “crash” who knows?
Would the Chinese jerk their U. S. Treasury Bonds? There are already serious rumblings shaking.
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