ND JAN 6 20
SIT EC y POL
ND denounce Global-neoliberal
debacle y propone State-Social + Capit-compet in Eco
ZERO HEDGE ECONOMICS
Neoliberal globalization is
over. Financiers know it, they documented with graphics
The
assassination was intended to
escalate America’s presence in Iraq to keep control the region’s oil reserves,
and to back Saudi Arabia’s Wahabi troops to support U.S. control of Near Eastern oil as a buttress to the U.S. dollar.
The mainstream media are carefully sidestepping the
method behind America’s seeming madness in assassinating Islamic Revolutionary
Guard general Qassim Suleimani to start the New Year. The logic behind the assassination this was a
long-standing application of U.S. global policy, not just a personality quirk
of Donald Trump’s impulsive action. His assassination of Iranian military
leader Suleimani was indeed a unilateral act of war in
violation of international law, but it was a logical step in a long-standing
U.S. strategy. It was explicitly authorized by the Senate in the funding bill
for the Pentagon that it passed last year.
The
assassination was intended to escalate
America’s presence in Iraq to keep control the region’s oil reserves, and
to back Saudi Arabia’s Wahabi troops (Isis, Al Quaeda in Iraq, Al Nusra
and other divisions of what are actually America’s foreign legion) to support U.S. control of Near Eastern oil
as a buttress to the U.S. dollar. That
remains the key to understanding this policy, and why it is in the process of
escalating, not dying down.
The media and public discussion have diverted
attention from this strategy by floundering speculation that President Trump
did it, except to counter the (non-)threat of impeachment with a wag-the-dog
attack, or to back Israeli lebensraum drives, or simply to surrender the White
House to neocon hate-Iran syndrome.
The actual context for the
neocon’s action was the balance of payments, and the role of oil and energy as
a long-term lever of American diplomacy.
THE BALANCE OF PAYMENTS DIMENSION
The major deficit in the U.S. balance of payments
has long been military spending abroad. The entire payments deficit, beginning with the Korean War in 1950-51 and
extending through the Vietnam War of the 1960s, was responsible for forcing the
dollar off gold in 1971. The problem facing America’s
military strategists was how to continue supporting the 800 U.S. military bases
around the world and allied troop support without losing America’s financial
leverage.
The solution turned out to be to replace gold with
U.S. Treasury securities (IOUs) as the basis of foreign central bank reserves. After 1971, foreign central banks had
little option for what to do with their continuing dollar inflows except to
recycle them to the U.S. economy by buying U.S. Treasury securities. The effect
of U.S. foreign military spending thus did not undercut the dollar’s exchange
rate, and did not even force the Treasury and Federal Reserve to raise interest
rates to attract foreign exchange to offset the dollar outflows on military
account. In fact, U.S. foreign military spending helped finance the domestic
U.S. federal budget deficit.
Saudi Arabia and other Near Eastern OPEC countries
quickly became a buttress of the dollar. After these countries quadrupled the price of oil (in retaliation for
the United States quadrupling the price of its grain exports, a mainstay of the
U.S. trade balance), U.S. banks were swamped with an inflow of much foreign
deposits – which were lent out to Third World countries in an explosion of bad
loans that blew up in 1972 with Mexico’s insolvency, and destroyed Third World
government credit for a decade, forcing it into dependence on the United States
via the IMF and World Bank).
To top matters, of course, what Saudi Arabia does
not save in dollarized assets with its oil-export earnings is spent on buying
hundreds of billion of dollars of U.S. arms exports. This locks them into dependence on U.S. supply
o replacement parts and repairs, and enables the United States to turn off
Saudi military hardware at any point of time, in the event that the Saudis may
try to act independently of U.S. foreign policy.
So maintaining the dollar as the world’s reserve currency
became a mainstay of U.S. military spending. Foreign countries to not have to
pay the Pentagon directly for this spending. They simply finance the U.S.
Treasury and U.S. banking system.
Fear of this development was a major reason why
the United States moved against Libya, whose foreign reserves were held
in gold, not dollars, an which was urging other African countries to follow
suit in order to free themselves from “Dollar Diplomacy.” Hillary and Obama invaded, grabbed their gold supplies (we
still have no idea who ended up with these billions of dollars worth of gold)
and destroyed Libya’s government, its public education system, its
public infrastructure and other non-neoliberal policies.
The great threat to this is dedollarization as China, Russia and other
countries seek to avoid recycling dollars. Without the dollar’s function
as the vehicle for world saving – in effect, without
the Pentagon’s role in creating the Treasury debt that is the vehicle for world
central bank reserves – the U.S. would find itself constrained militarily and
hence diplomatically constrained, as it was under the gold exchange standard.
That is the same strategy that the U.S. has followed in Syria and
Iraq. Iran was threatening this dollarization
strategy and its buttress in U.S. oil diplomacy.
THE OIL INDUSTRY AS BUTTRESS OF THE U.S. BALANCE OF PAYMENTS AND FOREIGN
DIPLOMACY
The trade balance is buttressed by oil and farm
surpluses. Oil is the key, because it is imported by U.S. companies at almost
no balance-of-payments cost (the
payments end up in the oil industry’s head offices here as profits and payments
to management), while profits on U.S. oil company sales to other countries are
remitted to the United States (the payments end up in the oil industry’s head
offices here as profits and payments to management), while profits on U.S. oil
company sales to other countries are remitted to the United States (via
offshore tax-avoidance centers, mainly Liberia and Panama for many years). And
as noted above, OPEC countries have been told to keep
their official reserves in the form of U.S. securities (stocks and bonds as
well as Treasury IOUs, but not direct purchase of U.S. companies being deemed
economically important). Financially, OPEC countries are client slates of the
Dollar Area.
HOW A “DEMOCRATIC” NATION CAN WAGE INTERNATIONAL WAR AND TERRORISM
Continue reading g at
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After an ugly open last night in futures trading,
the machines went on a buying spree lifting the majors back to unchanged.
Notice the weakness at the Asia open and European open and buying panic at US
open...
See Chart:
And we note that AAPL and its volatility remain
notably decoupled...
See Chart:
VIX and stocks remain decoupled but for the 4th day
in a row, vol was clubbed like a baby seal intraday...
See Chart:
The 30Y Yield found support from a few weeks ago and
bounced (still lower yield on the year)...
See Chart:
The B-dollar extended its decline from Friday's
highs...
See Chart:
Similarly,
the yield curve steepened off support, after flattening dramatically in the
first two days of the year...
See Chart:
Commodities
were bid last night (crude and PMs) as mideast tensions rose but the US equity
market open prompted selling...
See Chart:
Finally,
while the dollar is clinging to support against its also-declining fiat
friends, its is collapsing against gold...
See Chart:
US
Dollar vs. fiat and US Dollar vs. Gold
….
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US DOMESTIC POLITICS
Seudo democ duopolico in US is
obsolete; it’s full of frauds & corruption. Urge cambio
Our soldier’s life deserve
respect. Trump= Chaos. We must demand
Trump’resignation
Defense Secretary Esper:
"There has been no decision to
leave Iraq. Period."
====
Scott Ritter made clear IRAN’s
PEACE intention. It is US who wants “tactical-nuke” Iran
Here
his recent INFO:
….
Here
yesterday message that I sent:
….
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There are troubling signs here!
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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)
Global depression is on…China,
RU, Iran search for State socialis+K-, D rest in limbo
One more probe that IRAN intention is PEACE
US intelligence claims for Soleimani assassination looking "razor thin"...
====
Jens Stoltenberg did confirm that NATO has halted all training missions inside Iraq...
….
I do have a hypothesis on NATO but i need more EVIDENCE to
support it: Meanwhile read:
1st I do believe that
NATO is deeply involved in US attack to IRAN, they depend on Pentagon &
main US architects of US foreign wars (big business as Michael Hudson
confirmed). 2nd RU is very aware of these moves with special
focus on UK (one of main military supporters of NATO). When UK military moved 2
big destroyers to IRAN –sea containing tactical-nukes, RU immediately sent nuke
missiles to IRAN (they can destroy those 2 basis and hit London’s banks). In
short: IRAN has nuke power to hit UK: more than 50% of NATO power. As soon as I
get evidence on this Hyp I will send it. 3rd The reason why IRAN won’t take the
initiative to attack UK-NATO is because US depend on it & will respond. But
if they get more nuke missiles the correlation of forces will change and they
will have to make a deal not to attack each other, as
happen with JFK deal with RU.
….
====
CNN's Starr reports the B-52s will be
"available
for operations against Iran if ordered"...
….
I don’t think India
will hit Iran. It is the US who wants to use India space to Hit Iran ( very
risky operation). And this is not a matter of ‘the 1st who strike
wins’. Satelites are in high alert and will respond automatically to any attack
on RU-China-Iran. One single missile to Yellow Stone will create multiple
explosion and earth quakes in the west South, while other missiles on Geogia
and Penta ++ will leave US without power. SO: MAD will prevail. US-RU don’t
want this.
….
====
SPUTNIK
and RT SHOWS
GEO-POL n GEO-ECO ..Focus on neoliberal expansion via wars
& danger of WW3
-Iran's FM Zarif Barred From Entering US to
Take Part in UN Security Council Meeting - Reports This is illegal: The UN doesn’t belong to USA. UN SHOULD MOVE to EU OR..
- Scottish
FM Sturgeon Urges UK to Avoid Getting "Dragged" Into Conflict as
US-Iran Tensions Boil Over
Too late: UK sent 2 destroyers close to Iranian seas
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NOTICIAS
IN SPANISH
Lat Am search f alternatives to
neo-fascist regimes & terrorist imperial chaos
REBELION
ECON: Empiezan los 20, ¿los
"terribles 20"? Andrés Piqueras
====
ALAI NET ORG
====
RT EN ESPAÑOL
Cámara de
Represent de US. busca limitar la capac de Trump para acción militar contra
Irán https://actualidad.rt.com/actualidad/339038-presidenta-camara-representantes-eeuu-busca
-Trump
afirma que tiene derecho a bombardear objetos culturales iraníes https://actualidad.rt.com/actualidad/338997-trump-tener-derecho-bombardear-objetos-culturales
-11
preguntas (y resp) para entender qué sucedió en la Asamblea Nacional de Ven https://actualidad.rt.com/actualidad/339032-11-preguntas-respuestas-entender-asamblea-nacional-venezuela
-US niega
al canciller iraní una visa para asistir a una reunión del Consejo de Seguridad
de la ONU ILEGAL: la ONU NO PERTENECE al US: Es hora de cambiar
la sede. https://actualidad.rt.com/actualidad/339096-eeuu-canciller-irani-visa-consejo-onu
-POMPEO al
verdadero promotor en EE.UU. del asesinato del general iraní Soleimani https://actualidad.rt.com/actualidad/339024-pompeo-prom-asesinato-general-irani
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INFORMATION
CLEARING HOUSE
Deep on the US political
crisis: neofascism & internal conflicts that favor WW3
US Troops
Leaveing Iraq – U.S. general By
ICH & Agencies
-Iranian Revenge Will Be a Dish Best Served
Cold By Scott Ritter
-Putin’s Hour Is At Hand By Paul Craig Roberts
-Joint message of Iran, Russia and China to the
world By Alireza Majidi
-Pence Lies About Soleimani By Stephen Robinson
-US Outlaw State By Finian Cunningham
-USA Doubles Down on its Saudi Allegiance By Craig Murray
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COUNTER
PUNCH
Analysis on US Politics &
Geopolitics
-Michael Hudson America
Escalates Its Oil War in the Near East
-Gaither Stewart Iran
and US State Terrorism
-Howard Lisnoff The
Government is Torturing Chelsea Manning!
-Thomas Knapp Real
Democracy Requires a Separation of Money and State
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GLOBAL
RESEARCH
Geopolitics & Econ-Pol
crisis that leads to more business-wars from US-NATO allies
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DEMOCRACY
NOW
Amy Goodman’ team
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