There Must Be War Before The Dollar Crash
March 19, 2012
By Rick Gedeon
Global stability remains precarious and will continue to deteriorate steadily as the dollar continues to lose sway as the global financial monolith.
India is being pressured by the US State Department (with staggering hubris) to reduce their oil procurement from Iran. America, a country with a population of 310 million, and consumer of 25% of total world oil production is commanding India, a country of 1.2 billion, to abate their oil imports under US demand.
They’re not even giving the courtesy of disguising their pretentiousness that goes along with international politics this time. This is being conducted unilaterally. Another way of putting it: “Because I say so! That’s why!” This could backfire drastically if India does the right thing and begins to make payment in bullion. The rest of the OPEC nations would likely follow suit and begin to exchange their black gold for shiny yellow gold. This would be the end of paper money around the world. Which in itself is not such a bad idea.
The Russians and the Chinese are getting irritated with this irrational American exuberance for WWIII. This is not actually what the American people want, but as former Vice President Dick Cheney once remarked in an interview with ABC’s Good Morning America, when the White House correspondent said polls show that two-thirds of Americans believe the war is not worth fighting, Cheney responded with a ‘so?’
On the other side of the globe, the Secretary of Defense [sic] Leon Panetta has pledged yet more American blood and treasure for plunder on behalf of Israel in case Israel engages in a war against Iran. Under the auspices of protecting American interests in the region of course.