Global Eye
Duck Soup
By Chris Floyd
Moscow Times
Published: August 19, 2005
<snip>
The fountainhead of his trouble, of course, is the murderous quagmire he has created in Iraq. Some say he has no exit strategy, no way to escape the corrosive effects of this gargantuan disaster, which is draining his support and destroying the aura of the all-conquering "war leader" that he used to impose his radical right-wing agenda on the country. The tide has turned against him at last, some say; he's a lame duck crashing to the ground.
<snip>
For months, the Bush Faction has been conducting a low-key PR campaign to put Iran in the crosshairs for a military strike. Last week, Bush himself upped the wattage with a public declaration that "all options are on the table" for slapping down Tehran, Agence France Presse reports. He even alluded to the invasion of Iraq as an example of the kind of action he has in mind. Bush scarcely bothered to hide his disdain for peaceful solutions to the row with Iran. After mouthing the usual pious lies about "working feverishly on the diplomatic route," he immediately dismissed such efforts with a sneer: "As you know, I'm skeptical."
<snip>
Still, a lack of sense and credibility in a casus belli has never hindered the Bush Faction before. And it won't now. The plain fact is that Bush doesn't want "diplomacy to work" against Iran. He wants the situation to reach a crisis point that will "justify" military action. It's the only form of politics he knows: You foment (or invent) a crisis, then use deceit, fear and brute force to impose your radical agenda. And the takedown of Iran is a long-held ambition of the corporate militarists behind the Bush Faction's relentless quest for "full spectrum dominance" over world affairs.
The "high" Bush got from his Iraq assault is now wearing off, politically and personally. He needs another hit of blood and destruction. And don't think he's worried about the prospect of a much wider conflagration arising from a bombing strike against Iran. After all, chaos and instability only mean more money for his war-profiteering family and cronies -- and greater authority for "war leaders" seeking to "secure the Homeland."
http://context.themoscowtimes.com/stories/2005/08/19/120.html(I noticed the link seems to time out sometimes before connecting. However the URL is corect)
And to help further put this in context read William Clark's piece "Petrodollar Warfare" (also the title of a new book from Clark) posted at Media Monitors.(Clark is also a DUer who has posted on DU under the handle Petrodollar Warfare).
Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse
by William R. Clark
(Friday August 05 2005)
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.
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In 2003 the global community witnessed a combination of petrodollar warfare and oil depletion warfare. The majority of the world's governments – especially the E.U., Russia and China – were not amused – and neither are the U.S. soldiers who are currently stationed inside a hostile Iraq. In 2002 I wrote an award-winning online essay that asserted Saddam Hussein sealed his fate when he announced on September 2000 that Iraq was no longer going to accept dollars for oil being sold under the UN's Oil-for-Food program, and decided to switch to the euro as Iraq's oil export currency.<4> Indeed, my original pre-war hypothesis was validated in a Financial Times article dated June 5, 2003, which confirmed Iraqi oil sales returning to the international markets were once again denominated in U.S. dollars – not euros.
<snip>
Concerning Iran, recent articles have revealed active Pentagon planning for operations against its suspected nuclear facilities. While the publicly stated reasons for any such overt action will be premised as a consequence of Iran's nuclear ambitions, there are again unspoken macroeconomic drivers underlying the second stage of petrodollar warfare – Iran's upcoming oil bourse. (The word bourse refers to a stock exchange for securities trading, and is derived from the French stock exchange in Paris, the Federation Internationale des Bourses de Valeurs.)
In essence, Iran is about to commit a far greater "offense" than Saddam Hussein's conversion to the euro for Iraq's oil exports in the fall of 2000. Beginning in March 2006, the Tehran government has plans to begin competing with New York's NYMEX and London's IPE with respect to international oil trades – using a euro-based international oil-trading mechanism.<7> The proposed Iranian oil bourse signifies that without some sort of US intervention, the euro is going to establish a firm foothold in the international oil trade. Given U.S. debt levels and the stated neoconservative project of U.S. global domination, Tehran's objective constitutes an obvious encroachment on dollar supremacy in the crucial international oil market.
http://usa.mediamonitors.net/content/view/full/17450William R. Clark has received two Project Censored awards for his research on oil currency conflict, and has recently published a book, Petrodollar Warfare: Oil, Iraq and the Future of the Dollar (New Society Publishers, 2005). He is an Information Security Analyst, and holds a Master of Business Administration and Master of Science in Information and Telecommunication Systems from Johns Hopkins University. He contributed this article to Media Monitors Network (MMN) from Maryland, USA.Here is the link to his book "Petrodollar Warfare: Oil, Iraq and the future of the dollar" at Amazon.com
http://tinyurl.com/aqsbv