Saturday, December 30, 2006

The Tyrant is Dead! Long live the Tyrant!


Say that again? You're browsing for gruesome tidbits and hopefully the video version of Saddam Hussein's news (I'm sure it'll hit the Youtube sometime soon) and which tyrant still lives?
Let's have a recount people on the real reasons behind this Roman Empire spectacle of a tyrant's death:

Contemporary warfare has traditionally involved underlying conflicts regarding economics and resources. Today these intertwined conflicts also involve international currencies, and thus increased complexity. Current geopolitical tensions between the United States and Iran extend beyond the publicly stated concerns regarding Iran’s nuclear intentions, and likely include a proposed Iranian “petroeuro” system for oil trade.

Similar to the Iraq war, military operations against Iran relate to the macroeconomics of ‘petrodollar recycling’ and the unpublicized but real challenge to U.S. dollar supremacy from the euro as an alternative oil transaction currency.

It is now obvious the invasion of Iraq had less to do with any threat from Saddam’s long-gone WMD program and certainly less to do to do with fighting International terrorism than it has to do with gaining strategic control over Iraq’s hydrocarbon reserves and in doing so maintain the U.S. dollar as the monopoly currency for the critical international oil market. Throughout 2004 information provided by former administration insiders revealed the Bush/Cheney administration entered into office with the intention of toppling Saddam Hussein.[1][2]

Candidly stated, ‘Operation Iraqi Freedom’ was a war designed to install a pro-U.S. government in Iraq, establish multiple U.S military bases before the onset of global Peak Oil, and to reconvert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency (i.e. “petroeuro”).[3] However, subsequent geopolitical events have exposed neoconservative strategy as fundamentally flawed, with Iran moving towards a petroeuro system for international oil trades, while Russia evaluates this option with the European Union.


So which tyrant(s) still lives?
...history will record that the Arabs and other Muslims and, indeed, many millions in the West, will ask another question this weekend, a question that will not be posed in other Western newspapers because it is not the narrative laid down for us by our presidents and prime ministers - what about the other guilty men?

No, Tony Blair is not Saddam. We don't gas our enemies. George W Bush is not Saddam. He didn't invade Iran or Kuwait. He only invaded Iraq. But hundreds of thousands of Iraqi civilians are dead - and thousands of Western troops are dead - because Messrs Bush and Blair and the Spanish Prime Minister and the Italian Prime Minister and the Australian Prime Minister went to war in 2003 on a potage of lies and mendacity and, given the weapons we used, with great brutality.

In the aftermath of the international crimes against humanity of 2001 we have tortured, we have murdered, we have brutalised and killed the innocent - we have even added our shame at Abu Ghraib to Saddam's shame at Abu Ghraib - and yet we are supposed to forget these terrible crimes as we applaud the swinging corpse of the dictator we created.

Who encouraged Saddam to invade Iran in 1980, which was the greatest war crime he has committed for it led to the deaths of a million and a half souls? And who sold him the components for the chemical weapons with which he drenched Iran and the Kurds? We did. No wonder the Americans, who controlled Saddam's weird trial, forbad any mention of this, his most obscene atrocity, in the charges against him. Could he not have been handed over to the Iranians for sentencing for this massive war crime? Of course not. Because that would also expose our culpability.

And the mass killings we perpetrated in 2003 with our depleted uranium shells and our "bunker buster" bombs and our phosphorous, the murderous post-invasion sieges of Fallujah and Najaf, the hell-disaster of anarchy we unleashed on the Iraqi population in the aftermath of our "victory" - our "mission accomplished" - who will be found guilty of this? Such expiation as we might expect will come, no doubt, in the self-serving memoirs of Blair and Bush, written in comfortable and wealthy retirement
.


And let's keep our eyes clear on what's going to happen with Iran:
Iranian Oil Bourse

The Iranian government has finally developed the ultimate “nuclear” weapon that can swiftly destroy the financial system underpinning the American Empire. That weapon is the Iranian Oil Bourse slated to open in March 2006. It will be based on a euro-oil-trading mechanism that naturally implies payment for oil in Euro. In economic terms, this represents a much greater threat to the hegemony of the dollar than Saddam’s, because it will allow anyone willing either to buy or to sell oil for Euro to transact on the exchange, thus circumventing the U.S. dollar altogether. If so, then it is likely that almost everyone will eagerly adopt this euro oil system:

· The Europeans will not have to buy and hold dollars in order to secure their payment for oil, but would instead pay with their own currencies. The adoption of the euro for oil transactions will provide the European currency with a reserve status that will benefit the European at the expense of the Americans.

· The Chinese and the Japanese will be especially eager to adopt the new exchange, because it will allow them to drastically lower their enormous dollar reserves and diversify with Euros, thus protecting themselves against the depreciation of the dollar. One portion of their dollars they will still want to hold onto; a second portion of their dollar holdings they may decide to dump outright; a third portion of their dollars they will decide to use up for future payments without replenishing those dollar holdings, but building up instead their euro reserves.

· The Russians have inherent economic interest in adopting the Euro – the bulk of their trade is with European countries, with oil-exporting countries, with China, and with Japan. Adoption of the Euro will immediately take care of the first two blocs, and will over time facilitate trade with China and Japan. Also, the Russians seemingly detest holding depreciating dollars, for they have recently found a new religion with gold. Russians have also revived their nationalism, and if embracing the Euro will stab the Americans, they will gladly do it and smugly watch the Americans bleed.

· The Arab oil-exporting countries will eagerly adopt the Euro as a means of diversifying against rising mountains of depreciating dollars. Just like the Russians, their trade is mostly with European countries, and therefore will prefer the European currency both for its stability and for avoiding currency risk, not to mention their jihad against the Infidel Enemy.

Only the British will find themselves between a rock and a hard place. They have had a strategic partnership with the U.S. forever, but have also had their natural pull from Europe. So far, they have had many reasons to stick with the winner. However, when they see their century-old partner falling, will they firmly stand behind him or will they deliver the coup de grace? Still, we should not forget that currently the two leading oil exchanges are the New York’s NYMEX and the London’s International Petroleum Exchange (IPE), even though both of them are effectively owned by the Americans. It seems more likely that the British will have to go down with the sinking ship, for otherwise they will be shooting themselves in the foot by hurting their own London IPE interests. It is here noteworthy that for all the rhetoric about the reasons for the surviving British Pound, the British most likely did not adopt the Euro namely because the Americans must have pressured them not to: otherwise the London IPE would have had to switch to Euros, thus mortally wounding the dollar and their strategic partner
.

10 Comments:

Anonymous Anonymous said...

Ah, finally somebody in this "blog-sphere" who makes total sense and oversees the root of things. I formulated the same concept already 3 years ago, but short and angrily. Your outlay is much better Ingrid!
With all the hoopla-hoo that no will follow Saddams hanging, I still wish to make people remember that his decision to sell his oil revenues in Euros - broke the "camel's back", sort of speak... It was then that the US moved forcefully ahead with their enterprise "Iraqi disaster".
Now if Iran tries to attempt to do the same, the US is fucked, literally. The US dollar will plunge to unheard lows. But as a result the "rest of the west" will feel the tidal wave as well, no doubt about it.
I am curious to see how it will all play out in the end.

11:44 PM  
Anonymous Anonymous said...

Thoughtful post, as usual Ingrid.

A very flawed trial ending in a killing...sound a lot like Saddam's own behaviour. Not admirable in any way.

11:49 PM  
Anonymous Anonymous said...

Oh yes - Happy New Year to you too! May it be filled with love, contentment, a touch of excitement... and peace.

11:50 PM  
Blogger zazou said...

Great and incisive post!

Happy new Year, dear Ingrid to you and your family!

2:12 AM  
Blogger Mary said...

Very informative and much appreciated.

Happy New Year Ingrid. It has been a pleasure to meet you. Peace.

7:32 AM  
Anonymous Anonymous said...

Happy New Year, Ingrid! I hope all is well. Things are great on my end.

7:21 PM  
Blogger Ingrid said...

Thanks for the new year's well wishes and thanks for the comments on the post. I was lucky to find some good references Zee, that's all..
at least you were aware of that three years ago, I just had my daughter and was sleep deprived for a few years! btw robster, keep me posted on ehm..YOUR developments! (wink wink)
here's to the new year..prosit!
Ingrid

8:24 PM  
Anonymous Anonymous said...

What a great post
Thank you for saying it much better than I could've.

10:00 AM  
Anonymous Anonymous said...

Wat een erudiete en doordachte post is dit weer en helaas veel te waar :-( Ik wens je een fantastisch 2007 vol compassie toe Ingrid! Hugzz van een kaaskop aan een kaaskop!

3:11 AM  
Blogger Ingrid said...

Thank you abu fares and da for the kind words about the post. I have merely collected the apropos quotes from articles. Three years ago when Zee wrote about this, I had my daughter and was asleep at the wheel for all this time not knowing about it. It seems to pay reading foreign (and perhaps then still alternative ones) or US alternative news sources because no one knows about it unless they dig a little to find this kinda info. Thank God for the internet!
And thank God for kaaskoppen!! wink wink!
Ingrid

9:09 AM  

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