Weathering the Storm
Mark Sircus Ac., OMD
Dear IMVA,
Today and tomorrow I am stepping
away from my obsession with all things medical and health related to
communicate about important world issues and current events. As in
medicine and as in all things, nothing ultimately is separate from
anything else though we live deeply in the illusion that separations
exist. On a practical level, crisis in economics, finance, political and
environmental levels will have and do have an effect on our health and
future medical decisions.
For instance, if we know a huge
storm is blowing in it is wise to stock up on survival items. Survival
medicine concerns us with what we would invest in if we were to be cut
off from supplies of basic medical items essential for good health or
medical recovery.
In the next weeks I will be
presenting not only more work in the magnesium area but new writings
from Minerals for Life. I will be publishing a lot about natural
chelation and detoxification. In a diverse field full of discord I plan
to bring some light and some sense to the fact that minerals are what
drives the process and what make chelation effective and safe. Miracles
of medicine are certainly possible when minerals find their home in our
medicine cabinets.
Ok now for the bad news.
Weathering
the Storm
Financial Warfare -
Part One
If a nation
expects to be ignorant and free, it expects what never was
and never will be. The People cannot be safe without information.
When the press is free, and every man is able to read, all is safe.
Thomas
Jefferson
There are topics that are
so painful to address that we will want to quickly dismiss them by
shoving them off our computer screens and out of our minds. To say that
this essay (and the next on American domestic finances) will be somewhat
discouraging, would be putting it mildly. It would behoove my readers
though to get out their comfort zones and stop denying the gravity of
the times, which are shortly to confront us. My real motive in writing
this essay is to help people I care about to begin to formulate plans
that will help them weather the storms that are coming. Riders of the
Storm we must be for ourselves and our loved ones.
Since the overthrow of Iraqi
President Saddam Hussein,
Iran has become the most important power in the Gulf.
For many who do not read too far and wide
alternative versions to the mainstream of economics and international
affairs the following will come as a shock for the politicians and the
media are taking it upon themselves to delude us into believing
everything and anything they want us to. At this point, it should be
painfully obvious that things are not always what they seem to be.
Financial warfare has now
officially come to war’s center stage
– a stage that for thousands of years has been occupied only by
soldiers and weapons, with blood and death everywhere.
We believe that before long, “financial warfare” will undoubtedly be
an entry in the various types of dictionaries of official military
jargon.
Colonels Qiao
Liang and Wang Xiangsui
People’s Liberation Army, China 1999.
On March 20, 2006, a
historic occurrence will take place. On that date, Iran is scheduled to
open an Oil Bourse (Exchange) that will trade in Euros. This represents
a frontal assault on the dollar as the international currency and the
special status it has as the reserve currency of the world. When oil
trades on the New York Mercantile Exchange (NYMEX) or the London
International Petroleum Exchange (IPE), all of the transactions are made
exclusively in dollars. This means that every country in the world has
to exchange their currency for U.S. dollars in order to buy or sell oil.
Again, if Russia, Argentina, or Iran wants to sell oil to China, India,
or France, they must do so in U.S. dollars. Because of this, each
country keeps an ample supply of dollars on hand, hence the term
“reserve currency”. News about this vital development will be repressed
as are most threatening news like the ending this week of the Federal
Reserves reporting on M3 money supply statistics. (Covered in part two)
Without a doubt, a successful
Iranian oil bourse may create a
shift away from U.S. dollars and towards euros in the oil market.
The drop in demand for petrodollars would cause the value
of the dollar to plummet further, thereby undermining
the U.S. position as the global economic leader.[i]
William
Clark.
“Contemporary warfare has
traditionally involved underlying conflicts regarding economics and
resources. Today these intertwined conflicts involve not only control
over oil supplies, but also international currencies. Current events
appear to be revolving around the complex nexus of the imminent peak in
global oil production, and the erosion of the U.S. dollar as the World’s
International Reserve currency. Once the petrodollar recycling
system begins to erode via the emergence of a broad-based petroeuro
transaction exchange, the Federal Reserve will no longer be able to
effortlessly expand its debt-financing via issuance of Treasury bills,
and the dollar’s international demand/liquidity value will begin to
fall. This will ultimately force the U.S. to significantly change its
current tax, debt, trade, and energy policies, all of which are severely
unbalanced,” writes William Clark.
An updated version of the Bush
administration's national
security strategy identifies Iran as the country likely to
present the single greatest future challenge to the United States.[ii]
New York Times
March
16, 2006
In public this issue
though is all about nuclear power and weapons of mass destruction. In a
continent where Israel, India, Pakistan, North Korea and China all have
a nuclear capacity, Iran sees that as a matter of status and basic
right. But if Israel believes its essential safety is sufficiently under
threat, nothing will stop it taking action of some sort. Some feel that
the atomic issue will be used as a cover for the real issue of the
threat of American interests losing great economic power. Meaning the
Americans and Israel might attack not because of the nuclear threat but
because of the financial one.
European governments are
already worried that President
Bush's advisers will see this crisis as a way of restoring
his fortunes in time for the US mid-term elections in November.
John Simpson
BBC
World Affairs Editor

The U.S. has enjoyed certain economic advantages since the ending of
WWII that have allowed American leaders to get away with the financial
domination of the world. The United States dominates other countries
through its currency, and through the superiority of the dollar against
other hard currencies, it monopolizes global trade. The current U.S.
Trade Deficit is obscene by all standards and yet the American
government and people get away with it only because of the dollar’s role
as the international reserve currency. It is equivalent to the financial
rape of the world, which the world cooperates in, but not without deep
resentment.
Obviously not everyone has liked
it and Iran’s Oil Bourse is a broadside attack against the dollar
signals the first major salvo in what will one way or another change
everything.

President Bush could bomb Iranian nuclear and military and oil
installations,
but there would be outrage around the world, and American interests
would be seriously damaged.
Don’t doubt for a minute he would do it on behalf of those he works for.
This is no joke coming
from the world’s second largest oil producer and from people like Iran’s
President, Mahmoud Ahmadinejad who sees Israel as a product of an
ideological war between the ‘Arrogant World Order’ and ‘Islamic rule.’
Ahmadinejad adds quite matter of factly that the Jewish state has to be
wiped off the face of the earth and is a firm believer that war is
already happening between the ‘World Arrogance’ and the Islamic world.
The world of Arrogance for Iranians mostly represents Great Britain and
the United States. Both countries have betrayed the Iranian people
repeatedly so they nor we have any reason to feel secure that they will
not do so again. Interestingly enough both countries could be considered
democratic so if war breaks out it would be the first time democracies
would be fighting each other.
(It is easy
to throw stones at the quality of democracy in either country.)

“In my interviews with former high-level intelligence
officials, I was repeatedly told that the next strategic target was
Iran. Everyone is saying, ‘You can’t be serious about targeting Iran.
Look at Iraq,” wrote Seymour Hersh’s in The New Yorker.[iii]
There are titanic forces at play here with the greatest of them being
economic. It has been said over and over again that wars are mostly
fought for economic reasons. Those reasons have never been greater than
they are today. After toppling Saddam, after Iraq started selling oil in
Euros, Bush and those behind him might decide that Iran's disloyalty to
the dollar qualifies them as the next target in the `war on terror.' The
issue of weapons of mass destruction is an excuse and this is seen in
that the American administration is not and will not go against North
Korea who has also been processing and enriching uranium as the Iranians
area now doing.
The strangeness of the American position that has it
ready to attack Iran but not Korea was underscored this week when North
Korea suggested Tuesday it had the ability to launch a pre-emptive
attack on the United States, according to the North's official news
agency. A Foreign Ministry spokesman said the North had built atomic
weapons to counter the U.S. nuclear threat. "As we declared, our strong
revolutionary might put in place all measures to counter possible U.S.
pre-emptive strike," the spokesman said, according to the Korean Central
News Agency. "Pre-emptive strike is not the monopoly of the United
States."
The United
States economy is intimately tied
to the dollar's role as reserve currency.
The United States sent a clear message to Iran in mid
March of 2006, in the latest four-yearly National Security Strategy
published by the White House, which declares that the US “may face no
greater challenge from a single country than from Iran” The document
makes it clear that if all attempts fail at a diplomatic solution to the
current stand-off, it is prepared to use force to end Tehran’s perceived
nuclear threat and its role as a fomentor of international terrorism.[iv]
Under the guise of the perpetual `war on terror' the
Bush administration has been manipulating the American people about the
unspoken but very real macroeconomic reasons for its invasion of Iraq.
No weapons of mass destruction were found because that war, and any
future war against Iran, was a war over the global currency of oil. A
war intended to prevent oil from being priced in euros. As we shall see
below internal economic forces in the United States will rip the entire
international
system apart anyway sooner or later. War allows the sooner to come later
- that is all. The founding fathers of America would turn in their
graves if they knew how close to the below the American government has
become.
If you tell a
lie big enough and keep repeating it, people will eventually come to
believe it. The lie can be maintained only for such time as the State
can shield the people from the political, economic and/or military
consequences of the lie. It thus becomes vitally important for the
State to use all of its powers to repress dissent, for the truth is the
mortal enemy of the lie, and thus by extension, the truth is the
greatest enemy of the State."
Joseph Goebbels
German
Minister of Propaganda, 1933-1945
President
Eisenhower
warned
everyone on public television in 1961 about the Military-Industrial
Complex and the obvious corporate elites that control it. The current
crop of the super elite have created the world’s first truly global
empire and they have managed this primarily through economics, but have
not been shy about using the military when necessary. Through many means
the elite have
coerced
leaders around
the world into creating policies favorable to the corporate banking
elites and when they have not cooperated they have been rubbed out. They
have been very intelligent in doing all things selfish and bad.
War is in the wind, its in the world, it is part of
the basic makeup, not of mankind itself but of its top leadership which
is badly handicapped when it comes to intelligence about leading
humanity in good directions. Knowing little more than wealth creation
and the accumulation of power - war,
subterfuge,
deceit, the
manipulation and poisoning of the public - they are crippled when it
comes to heart intelligence. Many speak of conspiracies and century old
secret societies and we have always had kings and barons and now super
CEOs who just take it upon themselves to run the human show.
Sadness runs like a river and that will turn into an
ocean of tears as the very fabric of civilization is ripped asunder.
Love will cope but governments and these super leaders will just do what
they always do and that is lead humanity back into the stupidity and
tragedy of war.
Weathering the
Storm – Part Two
Internal
Economic Forces in the United States
(And
the Ending of M3 Money Supply Reporting.)
International Medical Veritas Association
Now, you may think that I have
become insane. That is partially true
because I am convinced that the US Fed’s monetary policies will
lead to exponentially widening wealth inequity and impoverish
the majority of US households, which will then lead to social strife,
protectionism, war, and the breakdown of the capitalistic system.
Dr. Mark Faber
Called the Crash of 1987, the crash of 1990,
and the Asia –Pacific crisis of 1998.
Dr. Faber is not alone in
thinking badly about bankers. President Andrew Jackson said of them,
"You are a den of vipers and thieves. I intend to rout you out, and by
the Eternal God, I will rout you out." On May 23, 1933, Congressman
Louis T. McFadden, brought formal charges against the Board of Governors
of the Federal Reserve Bank system, The Comptroller of the Currency and
the Secretary of United States Treasury for numerous criminal acts
including treason.[v]
"Mr. Chairman, we have in this
Country one of the most corrupt institutions the world has ever known. I
refer to the Federal Reserve Board and the Federal Reserve Banks,
hereinafter called the Fed. The Fed has cheated the Government of these
United States and the people of the United States out of enough money to
pay the Nation's debt.
"This evil institution has
impoverished and ruined the people of these United States, has
bankrupted itself, and has practically bankrupted our Government. It has
done this through the defects of the law under which it operates,
through the maladministration of that law by the Fed and through the
corrupt practices of the moneyed vultures who control it.”
"Some people think that the
Federal Reserve Banks are United States Government institutions. They
are private monopolies which prey upon the people of these United States
for the benefit of themselves and their foreign customers; foreign and
domestic speculators and swindlers; and rich and predatory money lender.
In that dark crew of financial pirates there are those who would cut a
man's throat to get a dollar out of his pocket; there are those who send
money into states to buy votes to control our legislatures.”
"These twelve private credit
monopolies were deceitfully and disloyally foisted upon this Country by
the bankers who came here from Europe and repaid us our hospitality by
undermining our American institutions.”
The money power preys upon the
nation in times of peace, and
conspiracies against it in times of adversity. It is more despotic than
monarchy, more insolent than autocracy, more selfish than bureaucracy.
Abraham Lincoln
After Lincoln's death, Otto
Von Bismark made the following statement, "The death of Lincoln was a
disaster for Christendom. There was no man in the United States great
enough to wear his boots. I fear that foreign bankers with their
craftiness and torturous tricks will entirely control the exuberant
riches of America, and use it systematically to corrupt modern
civilization. They will not hesitate to plunge the whole of Christendom
into wars and chaos in order that the Earth should become their
inheritance."
As Managing
Director, Chief Economist, and Director of Global Economic Analysis of
Morgan Stanley, Stephen Roach is a man to listen to. “America’s
income-short, consumer-led recovery is the aberration – not the norm –
in this Brave New World. It is all about ever-declining personal saving
rates, ever-widening current account deficits, mounting debt burdens,
and increasingly wealth [asset] dependent consumers. It personifies what
I believe is one of the most precarious macro models that has ever
existed for a major economic power. In my view, income-short growth
models are not sustainable – the only question pertains to the
circumstances of their demise. The endgame is not in doubt, in my
view. The American consumer will ultimately cave. It is the only
means by which the US will ever “fix” its twin saving and current
account problems. It is the timing and circumstances of that fix that we
endlessly debate. Excess consumption is on a collision course with sub
par labor income growth. Courtesy of an unrelenting global labor
arbitrage, the “big squeeze” is getting tighter and tighter on the
world’s only real consumer.”
Altogether the circumstances
seem to me as dangerous and
intractable as any I can remember, and I can remember quite a lot.
What really concerns me is that there seems to be so little
willingness or capacity to do much about it.
Paul Volcker
Fed Chairman from 1979 to 1987.
“Despite the complete
absence of coverage from the five U.S. corporate media conglomerates,
these foreign news stories suggest one of the Federal Reserve’s
nightmares may begin to unfold in the spring of 2006, when it appears
that international buyers will have a choice of buying a barrel of oil
for $60 dollars on the NYMEX and IPE - or purchase a barrel of oil for
€45 - €50 euros via the Iranian Bourse,” writes William Clark in his
startling essay Petrodollar Warfare: Dollars, Euros and the Upcoming
Iranian Oil Bourse.[vi]
The Federal Reserve's greatest
nightmare is that OPEC will switch its international transactions from a
dollar standard to a euro standard.
The USA would no longer be
able to run
its huge current account trade
deficits or continue to wage open-ended global war on terrorism or
evil.
This would actually be a
good thing for it is easily argued that the good old USA is enforcing
its own form of terrorism, not only on the world but on its own people.
Never has a government so full heartedly embraced the poisoning of its
own citizens (through many means) and never has a government stolen so
much money. When Americans wake up to the fact that their Social
Security has been pilfered and their retirements threatened, only then
will they know the true nature of their own government and what it has
been doing for decades to the rest of the world.
When government steals the
fruits
of your labor, you are a slave.
Devvy Kidd
The funds in the Social
Security system
contain nothing but “electronic chits” that measure government
obligations to itself, according to Doglas Holzt-Eakin of the
Congresional Budget Office.
Carolyn Lochhead,
in September of 2004, in the
Chronicle
Washington Bureau wrote, “Traditional budget measures used by
politicians and the press give what Walker and many others call a highly
misleading view of the U.S. debt. These focus on publicly held debt
already incurred, now at $4.5 trillion, or 10-year budget forecasts like
the one released last week by the Congressional Budget Office showing a
record $422 billion deficit this year and a $2.3 trillion 10- year
deficit. But these figures, worrisome enough, are deceptive because they
ignore future liabilities such as Social Security and Medicare payments
to the Baby Boomers. An array of government and private analysts put the
actual U.S. “fiscal gap,” which means all future receipts minus all
future obligations, at $40 trillion (Government Accountability Office)
to $72 trillion (Social Security Board of Trustees). These are not sums,
but present-value figures, heavily discounted to show in today’s dollars
what it would cost to pay off the debt immediately. The International
Monetary Fund estimates the gap at $47 trillion, the Brookings
Institution at $60 trillion. “To give you idea how big the problem is,”
said Laurence Kotlikoff, economics chairman at Boston University, who
has written extensively on the subject, to close a $51 trillion fiscal
gap, “you’d have to have an immediate and permanent 78 percent hike in
the federal income tax.”
In July of 2005, Kurt
Richebacher notes, “The Federal Reserve’s Flow-of funds statistics for
the first quarter are just out. Evidently, credit creation has been
completely taken over by the printing press. In the quarter, overall
credit skyrocketed by $2,976.1 billion, close to $3 trillion, at an
annualized rate. Nonfinancial credit was up $2,411.5 billion. This
compares with an increase of $1.943.2 billion in the fourth quarter of
2004 and $836.2 billion in 2000. Over those four years, credit growth in
the non-financial sector has literally tripled. To us, this looks
more like monetary lunacy than monetary policy.”
The elites understand that the
strength of the dollar
does not rest on economic or financial fundamentals.
The reality is that the strength of the dollar rests on
it being the international reserve currency and
that is what is threatened by oil sold in Euros.
“If the US does not take
policy steps to reduce its need for external financing before it
exhausts the world’s central banks willingness to keep adding to their
dollar reserves – and if the rest of the world does not take steps to
reduce its dependence on an unsustainable expansion in US domestic
demand to support its own growth – the risk of a hard landing for the US
an global economy will grow,” writes Nouriel Roubini, Professor of
Economics and International Business at New York University.
United States Balance Sheet

We
are borrowing about $1.9 billion a day from strangers
(nearly half from China and her neighbors) to fund not
only massive tax cuts, but our massive military as well.
“Despite desires by U.S. elites to enforce the
monopoly petrodollar recycling system, the geopolitical risks of a U.S.
aerial attack on Iran’s nuclear facilities – while simultaneously
attempting to prevent the Iranian oil Bourse from initiating a
euro-based system for oil trades – would surely create a crisis between
Washington and Beijing. Given the Bush administration’s complete lack of
interest or skill regarding “soft power” diplomacy, it seems unlikely
they could use the U.N. Security Counsel to thwart the opening of the
Iranian bourse in 2006,” continues William Clark.
The Federal
Reserve money supply
report is about to fall into the abyss.
On March 23, 2006, the Board of Governors of the
Federal Reserve System will cease publication of the M3 monetary
aggregate. The Board will also cease publishing the following
components: large-denomination time deposits, repurchase agreements (RPs),
and Eurodollars. Notice the inclusion of the Eurodollar. For those not
familiar with this term, it is not the same as the Euro even though some
erroneously call the Euro a Eurodollar. The Eurodollar is an American
dollar held by a foreign institution outside the U.S., usually a bank in
Europe. Every dollar in foreign hands is an IOU against the USA.
M3 is the broadest measure of how much money is
circulating in the U.S. at any one time. Unlike M2, M3 is the big stuff,
the super-size deposits. The M3 money supply measure is one of the most
basic economic stats published by the Fed. Basic college macro economics
college courses always cover this along with the definitions of M1 and
M2. This statistic has been published since 1959 and is widely followed
by economists and investors all over the word giving an idea at what
speed the (electronic) printing press is running.
Looking back
into history economic data was only kept
a secret in failing economies, e.g. the Soviet Union.
Toni Straka
At the end of the day the freely
floating dollar is a tradable commodity just like any other currency or
commodity. When demand for it drops then its value will fall and it will
buy less in the way of other goods and services. The only resolution to
that problem will be that the US either has to consume less or else it
will print more of its currency to compensate. Should it adopt the
second course then inflation takes off.
The Federal
Reserve obviously will not stop collecting the data, after all, who
would plan monetary policy for a nation without all the available data
they could get. So why stop publishing it unless it was really bad news?
M3 is one way to monitor inflation in both currency
and credit markets. Measured in billions of dollars, M3 has more than
doubled since 1995, and it has increased approximately $250 billion this
year alone or about 9% annualized. Or put another away, the policies of
the Federal Reserve will create almost $1 trillion (you read that
correctly) this year alone to the broad money supply. It’s not a great
leap to guess that someone does not want others to know what they are
doing as they virtually print money in escalating amounts to keep the
entire system afloat. Counterfeiting is illegal except when the Federal
Reserve does it
M3 has been
growing at an annual rate of 7.5 percent or double
the most recent rate of GDP growth (subject to a revision.)
Since Bush took office money supply M3 has risen 39.2%.

“Since the establishment of the Federal Reserve, in
1913, the U.S. dollar has lost over 95% of its purchasing power. Hence,
it is not surprising that the Federal Reserve’s reckless inflation has
led to the common man’s expectation for the dollar to lose value over
time. As the Federal Reserve intensifies the rate at which it creates
money out of thin air, the common man’s behavior (in the sphere of
personal finance) tends to change for the worse,” writes Eric Englund, a
surety bond underwriter in Bellevue, WA..
Why? How? The government sells bonds to
the central bank to pay for things it does not have the political will
to raise taxes to pay for, but the bonds are purchased with money the
central bank creates out of nothing. More money in circulation makes
your money worth-less. The
government gets as much money as it needs and the people pay for it with
"Inflation". Almost all money ($1 debt =
$1 money somewhere) from new debt once used (for war for example)
migrates very quickly to the investment sector.
Since it has to be "spent" on
something it goes to inflate the "value" of existing assets. Thus the
hugely rising tide of debt has raised many “boats,” creating huge
bubbles in financial and real estate areas. For many it has offered a
nice ride but what is going to happen when the day of reckoning arrives
and the balloons burst? Immortality is not something we can expect from
the present system though it is what most of us secretly hope for.
The Federal Reserve is obviously getting ready to
push the accelerator past the floor with massive increases in M3. With
no published figures it will make it easier to disguise the new (counterfeit)
money's journey from the printing press to the bond markets. Someone has
got to buy these bonds and if the Chinese, Japanese and other foreign
banks won’t the Federal Reserve will. They just print the money and
hand it over to the government in exchange for T-Bills. Ever wonder
how Bush got away with a trillion dollar tax-cut or how a bankrupt
government and country continues on and on?
If total
debt expands quickly under relatively
constant interest rates while the brakes are held
on inflation, the economy will continue to "grow".
Lowell Manning
The Federal Reserve gave the following for the reason to
eliminate M3 reporting: Our searching of the economic literature
revealed that very few economists used that aggregate." "M3 does not
appear to convey any additional information about economic activity that
is not already embodied in the M2 aggregate. Further, the role of M3 in
the policy process has diminished greatly over time. Consequently, the
costs of collecting the data and publishing M3 now appear to outweigh
the benefits."
Some financial analysts disagree violently with the
above statements from the Federal Reserve. "They know what's coming --
massive amounts of dollar creation to fund the worsening trade and
federal government budget deficits," says James Turk in the Free Market
Gold & Money Report. "There is only one reason for the Fed to conceal
important monetary component information," The King Report says. It's
"to cover up the truth about what the Fed, central banks, and the really
big money are doing." McHugh surmised this in October, "Because of the
M3 numbers we would see there was too much money being created. M3 was
being pumped at three times the rate of growth" of the Gross Domestic
Product.
The Federal Reserve stopping its decades old
reporting on M3 would be similar to a public company stops reporting
their balance sheets - how do you know what their stock is worth when
you don't know how much they earn? Or, like when Saudi Arabia stops
reporting accurate oil reserves - how do you know how much is left?
There are two definitions for inflation. The one the
layman is most familiar with is an increase in prices. Another
definition is an increase in the money supply in excess of the real
increase in the size of the economy (which tends to raise prices, either
of assets such as real estate or of consumer goods). Hyperinflation is
just when inflation spirals out of control, like in Germany in the
1920s, when housewives pushed shopping carts full of paper money to the
bakery to buy a loaf of bread. Today we have a new situation with both
deflation and inflation threatening simultaneously.
The bankers at the Fed seem to think that if they can
keep the public from knowing about alarming developments in the money
supply, they will be able to keep the party going at least long enough
for the big players to buy up gold or other real assets, leaving
ordinary consumers, and probably countries that rely on the US consumer
market (e.g. China), to deal with the wreckage.
History has shown that Americans prefer to pay for their
wars through cranking up the printing press/inflation rather then
bearing the burden through taxes and decreased consumption. And since
the United States seems committed to be in a state of perpetual warfare
from now until bankruptcy we can bet our last dollars that they will be
worth less and less until the dollar collapses completely. Not a pretty
picture but when there is more debt and more dollars floating around
then stars in the universe we can pretty much envision the end of the
current money system sooner or later.
General Motors
Corp. late last week revised its reported loss for
2005 to $10.6 billion, or $18.69 a share, a steeper loss
than the $8.6 billion, or $15.13 a share, it reported in January.
When we consider that in 1960 the entire federal
budget was only sixty billion dollars the numbers found above and in
this entire essay are more than frightening. Clark sees the 21st century
being very much different from the previous century, with one possible
exception. “The first half of the 20th century was filled with
unprecedented levels of violence and warfare on a global scale (15
million killed in WW I, 55 million in WW II). The first two decades of
the 21st century present challenges that could also result in the
unleashing of another period of catastrophic human suffering and
destruction. The Chinese government may fear the same fate awaits their
oil investments in Iran if the U.S. were able to attack and topple the
Tehran government. Despite U.S. desires to enforce petrodollar hegemony,
the geopolitical risks of an attack on Iran’s nuclear facilities would
surely create a serious crisis between Washington and Beijing.”
If the Democrats
are the firewall between
a proto-fascist
regime leading us backward
into neo-feudalism, then God help us.
Steve Bhaerman
What we are witnessing is a battle for oil currency
supremacy. If Iran’s oil bourse becomes a successful alternative for
international oil trades, it would challenge the hegemony currently
enjoyed by the financial centers in both London (IPE) and New York (NYMEX).
The chances of this going to happened unchallenged is slim so the
chances are high again for a world at war. Certainly China and
Russia will not be happy with Americans bombing strategic targets in
their backyards. It should not be overlooked how deep the oil ties are
between China and Iran or how easily Iran can block oil tankers from
leaving the Persian Gulf. A world at war will touch everyone today like
no other. There are over six billion of us to be affected. No doubt to
those neoconservative fanatics who are dedicated to massive population
reductions around the world this is not a problem.
No nation
could preserve its freedom
in the midst of continual warfare.
James Madison, 1795
Americans have the most to lose in the world; their
fall will be the hardest. We tend to think that everything is happening
a new or that the worst is not going to happen when it has happened many
times throughout history. Over two hundred years ago men like President
James Madison was looking at these issues and seeing how fragile
democracy and individual freedoms were. A nightmare is just waiting to
happen on earth. We are all going to pay for the lunacy and total
arrogance of those who lead and those who control those who lead.
My guess is
that the US administration is evil enough
to nuke Iran rather than face up to that inevitable
loss of living standards and political annihilation.
Lowell Manning
War is already aflame in Iraq and Afghanistan so for
some it’s a short step in expanding that against Iran. There are some
crimes that can never be admitted so war is the easier choice. Actually,
as current events in the United States demonstrate, war is
psychologically more acceptable and easier to digest than honest self
evaluation of our government and society. At heart most of us have a
basic cowardice to work in earnest toward fundamental change inside of
ourselves thus we become vulnerable to the vultures who fear not to
dominate the world and everyone in it.
Once upon a
time, I loved my country.
Now I am very afraid of it.
John Kaminski
[i]
Clark, William. Oil
Currency Geopolitics: Europe, China, Iran and the United States
http://peakoil.com/static/editorial/Oil_Currency_Geopolitics.htm
[ii]
New York Times March 16, 2006
[iii]
Seymour Hersh, “The Coming Wars,” The New Yorker, January 24th –
31st issue, 2005, pgs. 40-47 Posted online January 17, 2005. Online:
ww.newyorker.com/fact/content/?050124fa_fact
[iv]
http://news.independent.co.uk/world/americas/article351712.ece
[v]
Congressman McFadden on the Federal Reserve Corporation Remarks in
Congress, 1934
http://home.hiwaay.net/~becraft/mcfadden.html
[vi]
http://www.energybulletin.net/7707.html
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