Friday, 23 July 2010

War on Iran a definite says Webster Tarpley

The US has to destroy the Euro and attack Iran in order to save the dollar.

Therefore war is inevitable.

The US-UK Hedge Fund Blitzkrieg Against the Euro Falters

III. It is a grave error to imagine that normal relations with the Anglo-American financiers can be obtained in the current world depression through conciliatory behavior. The US-UK are experiencing cataclysmic instability in the form of a financial breakdown crisis, and this crisis impels these powers towards irrational, adventuristic, and aggressive behavior. A key lesson of the 1930s is that, when imperialist financier elites are faced by a disintegration of their fictitious speculative bubbles, they often respond with strategic flights forward of the most lunatic sort. In the wake of the 2007-2008 disintegration of the Anglo-American banking system, the New York and London elites have shown signs of going collectively bonkers, although these clinical tendencies have been primarily expressed in the area of their reactionary domestic socioeconomic policies. The specific form assumed by this tendency after the second half of 2008 involves the severe weakening of the US dollar as the world reserve currency by the creation of a $24 trillion credit line by the Federal Reserve, US Treasury, and FDIC for the purpose of bailing out the Wall Street zombie banks. This tidal wave of dollars led to a severe weakening of the US greenback on international markets during most of the second half of 2009. In late 2009 and early 2010 a group of Anglo-American hedge funds around Soros, Paulson, David Einhorn, and others launched a speculative attack against the government bonds of Greece, Spain, and Portugal, with the goal of using a crisis in the southern tier of the euro to bring on a panic flight of hot money out of the euro, thus collapsing that currency to Third World levels. Partly because of the countermeasures instituted by the German government, including the banning of naked credit default swaps on Euroland bonds and naked shorts of German stocks, and partly thanks to direct support from China, the planned Anglo-American blitzkrieg against the euro has now bogged down after eight months of effort, with the euro currently oscillating at a price of about $1.25 – $1.30. This means that, unless the city of London and Wall Street can come up with a new plan, the forces of world economic depression represented by $1.5 quadrillion of bankrupt and kited derivatives may now find a new victim, most likely in the form of either the British pound or the US dollar.

The immediate threat of a pound or dollar currency collapse is leading the ruling financier factions to reconsider a very dangerous flight forward in the form of an attack on Iran, precisely because such an aggression would likely lead to a blocking of the Straits of Hormuz or in any case to a serious disruption of one third of the world’s tanker traffic. Following the tested model of the Kippur war/oil boycott of October 1973, the US-UK financiers would bid up the price of oil to $500 or $1000 per barrel, thus creating enough demand for dollars to soak up much of the dollar overhang and prop up the greenback, at least for a time.
An Astronomical Oil Price As Salvation for The US Dollar

As Jean-Michel Vernochet of the RĂ©seau Voltaire has pointed out, the likely Iranian retaliation for the looming attack in terms of interdicting Hormuz and the Gulf is actually built into the US-UK war plan as a positive contribution towards saving the dollar by massively driving up the price of oil, which is of course still quoted mainly in dollars.6 Energy and Capital editor Christian A. DeHaemer, an oil market analyst, commented: “The last oil price shock in the Middle East was in 1990 when the United States invaded Iraq for invading Kuwait. The price per barrel of oil went from $21 to $28 on August 6… to $46 by mid-October. The looming Iran War is not priced in,” he warned in his newsletter. Iran has the third-highest oil reserves in the world and is second only to Saudi Arabia in production. If any action prevents the flow of Iranian oil, the price of “black gold” would soar, he added.’ (
Playing The Arabs Against The Iranians

One important prerequisite for US aggression grows out of the Trilateral group’s strategy, starting from the Baker-Hamilton Iraq Study Group of 2006, of forming a block of the Sunni Arab nations against the Persian-speaking Iranian Shiites and their allies in the Lebanese Hezbollah and the Palestinian Hamas, as well as Syria. The Anglo-American hope for this tactic of divide and conquer is that hostility between Arabs and Persians will eclipse the more recent enmity between Jews and Arabs. “The Jews and Arabs have been fighting for one hundred years. The Arabs and the Persians have been going at (it) for a thousand,” wrote Jeffrey Goldberg on The Atlantic’s website.8

With many reports that the United Arab Emirates and Saudi Arabia are ready to support the US aggression, great importance must be attached to the current struggle over the future shape of the government of Iraq. Here The secular Shiite Allawi is a US puppet, while his rival Maliki prefers Iran. Sadr and his Mahdi army, closely linked to Iran, represent a key stumbling block for US intentions. The US requires an Iraqi puppet state which will pursue at least a pro-US neutrality in case of war, and above all prevent Iranian special forces or guerrillas from cutting the long US supply line alone Route Tampa from Kuwait City. This is why the question of the Iraqi government was so important that Vice President Biden had to make a special trip to Iraq in the vain hope of quickly setting up a suitable puppet regime there. If the Iraq army turns against US, the situation of US forces could become extraordinarily critical.

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