Petrodollar

Straussian Governance Conspiracy Inside the Pentagon

Trauma Activation Guidelines

One of the reasons I left was my sense that they were using the intelligence from the CIA and other agencies only when it fit their agenda. They didn't like the intelligence they were getting, and so they brought in people to write the stuff. They were so crazed and so far out and so difficult to reason with to the point of being bizarre. Dogmatic, as if they were on a mission from God. If it doesn't fit their theory, they don't want to accept it. Former CIA official interviewed by Seymour...

US Dollar Fiat Currency or Oil Backed Currency

What the powerful men grouped around the Bilderberg had evidently decided that May 1973 was to launch a colossal assault against industrial growth in the world, in order to tilt the balance of power back to the advantage of Anglo-American financial interests and the dollar. In order to do this, they determined to use their most prized weapon control of the world's oil flows. On September 24, 2000, Saddam Hussein emerged from a meeting of his government and proclaimed that Iraq would soon...

Post Peak Oil World Three Scenarios

During times of universal deceit, telling the truth becomes a revolutionary act. George Orwell, author of Nineteen Eighty-Four69 Undeniably, the passing of Peak Oil and the slow, but irreversible, depletion of hydrocarbon resources will entail monumental effects on geopolitics, domestic politics, economics, and societal structure itself. Given the focus of this book, geopolitical considerations will be the primary category addressed. Acknowledgement of Peak Oil likely implies the development of...

Leo Strauss Philosophical Father of the Neoconservatives

Because mankind is intrinsically wicked, he has to be governed Such governance can only be established, however, when men are united - and they can only be united against other people. Those who are fit to rule are those who realize there is no morality and that there is only one natural right the right of the superior to rule over the inferior The people are told what they need to know and no more. Leo Strauss, thoughts on government and the wise elites' need for secrecy, Natural Right and...

The American Century Three Phases

A historical review of the American Century can be traced back through distinct economic periods in the post-World War II period. F. William Engdahl offered an exemplary model in which he divides this postwar period of US supremacy into three separate phases. The following constructs including the three phases of US dominance is liberally borrowed from Engdahl's online essay, The American Century Iraq and the Hidden Euro-dollar Wars,31 also chronicled in his updated book, The Century of War...

Recycling Petrodollars

In May 1973, with the dramatic fall of the dollar still vivid, a group of 84 of the world's top financial and political insiders met at Saltsjobaden, Sweden, the secluded island resort of the Swedish Wallenberg banking family. This gathering of the Bilderberg group heard an American participant, Walter Levy, outline a 'scenario' for an imminent 400 percent increase in OPEC petroleum revenues. The purpose of the secret Saltsjobaden meeting was not to prevent the expected oil price shock, but...

Covert Hegemony to Neoconservative Domination

In February 1945, as allied victory in World War II was becoming assured, President Franklin D. Roosevelt held a meeting on a US Navy warship with Abdul-Aziz ibn Saud, known as Ibn Saud, the founder of the modern Saudi dynasty. Although the official record is somewhat silent about the issue of oil, it is generally agreed that after Roosevelt and King Saud met, the US tacitly agreed to protect the royal family against its external and internal enemies, and in return the US was assured privileged...

Project for a New American Century PNAC Neoconservative Policies

Our first objective is to prevent the re-emergence of a new rival, either on the territory of the former Soviet Union or elsewhere, that poses a threat on the order of that posed formerly by the Soviet Union. There are three additional aspects to this objective First, the US must show the leadership necessary to establish and protect a new order that holds the promise of convincing potential competitors that they need not aspire to a greater role or pursue a more aggressive posture to protect...

Buildup to Gulf War II Saddam Hussein and Weapons of Mass Destruction

The propaganda tactics for promoting war, as bluntly revealed by an unrepentant Hermann Goering, are just as effective today as they were during the 20th century. When the press becomes subservient to the desires of political leaders, even modern democracies, such as the US and UK, are not immune to the historical effectiveness of propaganda to bring a frightful population to the bidding of the leaders. Regarding Iraq, the effective use of propaganda techniques by the Bush administration was...

Operation Ajax to Operation Iraqi Freedom Years of History Lessons Not Heeded

In 1953 the United States played a significant role in orchestrating the overthrow of Iran's popular prime minister, Mohammad Mossadegh. The Eisenhower administration believed its actions were justified for strategic reasons. But the coup was clearly a setback for Iran's political development. And it is easy to see now why many Iranians continue to resent this intervention by America in their internal affairs Neither Iran nor we can forget the past. It has scarred us both. But the question both...

OPEC and US Dollar Devaluation

Mojarrad implied the switch to the euro, which as done during the last few months had helped Iran to negate the effects of a depreciating dollar and falling international oil prices. He said that if the country had continued its receipts in dollars, it would have meant large losses, which would have translated into domestic inflation. This was because large volumes of its imports are . sourced from Europe. The Iranian central bank was keen to avert that situation and had consequently...

Euro Challenges US Dollar Hegemony

The monetary integration of Europe could alter 'the political character of Europe in ways that could lead to confrontation with the United States' and could lead to a world that was 'very different and not necessarily a safer place.' Martin Feldstein, former head of the President's Council Before 1985 the United States had been a net creditor, gaining more from its foreign investments than it paid to them in interest on Treasury bonds or other US assets. However, since the end of the Cold War,...

Third Stage of the American Century Petrodollar Warfare

This new emerging phase appears to be unfolding with a manifest difference from the two initial phases of the American Century 1945 to 1971, and 1971 to 1999.58 This new phase of unbridled unilateralism and hard power is an attempt to continue US domination in the aftermath of 9 11 and the Iraq War. American power from 1945 to 1999 can be described as predominately that of an accepted global hegemon, based on its vast economic and military capabilities. While a global hegemon dominates power in...

Reported Oil Reserves versus Technical Analysis

The pessimists use technical data, whereas the optimists use the political data. Jean H. Laherrere, renowned oil geologist, ASPO Conference, May 20 0320 Dr. Salameh tackles the thorny question of how accurate are Middle East reserve estimates. His conclusion that these may be overstated by up to 300 bn billion barrels, or roughly five North Seas, will certainly give pause for thought. If his assessments are right, the world faces very major challenges in developing and securing the oil supplies...

Crafting a More Balanced Global Economy

Petrodollar recycling was unusual in that it was a severe shock to international economic stability. Yet insofar as the oil shocks were a symptom of US hegemonic decline, similar shocks can be expected in the future. International institutions do not have the capability to handle such threats to stability, and US unilateralism will prevent the strengthening of multilateral cooperative regimes. Although the relative decline of US hegemony has led to an increase in observable power outcomes, the...

The Conundrum Risk of Widespread US Economic Dislocation

Stephen Roach, the chief economist at investment banking giant Morgan Stanley, has a public reputation for being bearish. But you should hear what he's saying in private. His prediction America has no better than a 10 percent chance of avoiding economic 'Armageddon' Roach sees a 30 percent chance of a slump soon and a 60 percent chance that 'we'll muddle through for a while and delay the eventual Armageddon.' The chance we'll get through OK one in 10. Maybe. A source who heard the presentation...

Saving the American Experiment

We hold these Truths to be self-evident, that all Men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the Pursuit of Happiness That to secure these Rights, Governments are instituted among Men, deriving their just Powers from the Consent of the Governed, that whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or to abolish it, and to institute new Government,...

Global Monetary Reform

The main problem with the current global economy is that excess levels of credit creation (i.e., a credit derivative bubble) have facilitated the building of supply capacity that is well beyond the requirements of global aggregate demand. As a general rule, a period of deflationary contraction would permit a decline of supply capacity until such time that growth in demand initiates a new expansionary cycle. Economists, such as Richard Duncan (author of The Dollar Crisis), have argued that...

Campaign Finance Structure and Corporate Personhood Elements of Proto Fascism

Few men have virtue to withstand the highest bidder. George Washington, US President 1789-1797 I hope we shall crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance of the laws of our country. Thomas Jefferson, US President 1801-1809 Every special interest is entitled to justice full, fair and complete but not one is entitled to a vote in Congress, to a voice on the bench or to representation in any...

Eurasia versus the Anglo American Alliance

Oil and gas are not the ultimate aims of the US in Iraq . It's about control. If the US controls the sources of energy of its rivals Europe, Japan, China, and other nations aspiring to be more independent they win. Pepe Escobar, Asia Times, January 20 0291 The current clash of petrodollars versus petroeuros, which began in Iraq, is by no means over. Despite the initial US military victory in Iraq, the aftermath of the war has not effectively thwarted other oil producers from stating their...

March An Oil Currency War to Enforce Dollar Hegemony within OPEC

Oil is Allah's gift to the Arab People. There will be no democracy for the Arab People until the oil runs out. You can't distinguish between al Qaeda and Saddam when you talk about the war on terror. President George W. Bush, September 20 0286 In the real world . the one factor underpinning American prosperity is keeping the dollar the World Reserve Currency. This can only be done if the oil producing states keep oil priced in dollars, and all their currency reserves in dollar assets. If...

Preserving Freedom at Home Protecting the Charters of Freedom

The Patriot Act makes it able for those of us in positions of responsibility to defend the liberty of the American people. President George W. Bush, quoted by the National Committee Against Repressive Legislation, May 200461 The objective of the Patriot Act is to make the population visible and the Justice Department invisible. The Act inverts the constitutional requirement that people's lives be private and the work of government officials be public it instead crafts a set of conditions that...