Best of the Week
Most Popular
1.Trump Delirium Triggers Stock Market Brexit Upwards Crash Towards Dow 20,000! - Nadeem_Walayat
2.The Future Price Of Gold Will Drop Below $1000 In 2017 -InvestingHaven
3.May Never Get Another Opportunity to Buy Gold at this Level Again - Chris_Vermeulen
4.Delirium - The Real Reason Why Donald Trump Won the US Presidential Election - Nadeem_Walayat
5.Why Nate Silver / Fivethirtyeight is one of the Most Reliable Election Forecasting Indicator? - Nadeem_Walayat
6.Gold Price Forecast: Nasty Naughty November Gold Price Trend - I_M_Vronsky
7.Gold Mining Stocks Screaming Buy! Q3’16 Fundamentals - Zeal_LLC
8.Delirium of Trump Mania Win's Mr BrExit US Presidential Election 2016 - Nadeem_Walayat
9.The War On Cash Goes Nuclear In India, Australia and Across The World - Jeff_Berwick
10.Hidden Signs for Gold and Silver - P_Radomski_CFA
Last 7 days
Trump Sets The Stage For A Huge Gold Rally In 2017 - 6th Dec 16
BrExit Tsunami Claims Emperor Renzi's Scalp, Counting Down to End of the EU, Next? - 6th Dec 16
Failed EU - Means an Expanded Dictatorship - 6th Dec 16
Crude Oil Prices: "Random"? Hardly - 5th Dec 16
The Coming Stock Market Crash and WWIII - 5th Dec 16
This Past Week in Gold Market - 5th Dec 16
Stock Market Short-Term Correction Underway - 5th Dec 16
If Trump Doesn’t Do This, We Will Have the Great Depression 2.0 - 5th Dec 16
India’s Demonetization Could Be the First Cash Domino to Fall - 5th Dec 16
Our Future Economy, Jobs, Banking, And Governance - 5th Dec 16
Gold and Silver Bullion Buying Opportunity for 2017? - 4th Dec 16
First UK BrExit then Trump, Next BrExit Tsunami Wave to Hit Italy HARD Sunday! - 3rd Dec 16
The 10YR Yield and SPX Stocks Bull Markets - 3rd Dec 16
Gold And Silver – Do Not Expect Much Difference With Trump Compared To Obama - 3rd Dec 16
Gold, Currencies and Markets Critical 61.8% Retracements - 2nd Dec 16
Gold Junior Stocks Q3’16 Fundamentals - 2nd Dec 16
Adventures in Castro’s Cuba - 2nd Dec 16
We Are Putting Off the Inevitable - 2nd Dec 16
Macroeconomic Cycles & Demographics - A Fuse, An Explosive and The Igniting Catalyst - 2nd Dec 16
How Moving Averages Can Identify a Trade - 1st Dec 16
Silver Prices and Interest Rates - 1st Dec 16
America, is it Finally time for us to say Goodbye? - 1st Dec 16
Blockchain Technology – What Is It and How Will It Change Your Life? - 1st Dec 16
Burn the Flags, Can Trump Salvage The Sinking US Economic Ship? - 1st Dec 16
Will US Housing Real Estate Market Tank in 2017? - 1st Dec 16
Referendum Puts Italy's Government to the Test - 30th Nov 16
Why We Haven’t Seen Gold Price Rally after Trump Victory - 30th Nov 16
Breakdown and Slide in Crude Oil Price - 30th Nov 16
A 'Wicked Rally' in Gold Price Predicted - 30th Nov 16
Silver Market Sentiment Looks Golden - 30th Nov 16
Indian Demonetization Denotes Severe Stress in the Global Gold Market - 30th Nov 16
Owning Gold and Silver in Troubling Times - 29th Nov 16
Trump's Presidency - Stock Market Crash or Start of New Mega-Trends - 29th Nov 16
Prime Minister Modi's War Against Corruption, Black Money and Fake Currency Notes in India - 29th Nov 16
Can President Trump Really Drain the Swamp? - 29th Nov 16
President Trump’s Economic Plan Isn’t Going to Work - 29th Nov 16
The US Bond Bear Market Has Begun! - 29th Nov 16
Simple Yet Powerful Technical Trading Tools - 28th Nov 16
Public Infrastructure – Welcome to the World of Waste, Fraud, and Abuse - 28th Nov 16
Fifty Years Later, Moore's Computing Law Holds - 28th Nov 16
An Elusive Stock Market Top - 28th Nov 16

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

$10000 Gold

Obama Threatens China and Iran, Another U.S. War?

Politics / US Politics Feb 02, 2010 - 02:20 AM GMT

By: Shamus_Cooke

Politics

Best Financial Markets Analysis ArticleThe possibility of yet another U.S. war became more real last week, when the Obama administration sharply confronted both China and Iran.  The first aggressive act was performed by Obama’s Secretary of State, Hillary Clinton, who “warned” China that it must support serious economic sanctions against Iran (an act of war).


Clinton said: “China will be under a lot of pressure to recognize the destabilizing effect that a nuclear-armed Iran would have, from which they receive a significant percentage of their oil supply.”

The implication here is that China will be cut off from a major energy source if they do not support U.S. foreign policy — this, too, would equal an act of war. 

A more direct military provocation occurred later when Obama agreed to honor a Bush-era military pact with Taiwan, a small island that lies off the mainland coast of China, and is claimed by China as its own territory. Taiwan has been a U.S. client state ever since the defeated nationalist forces fled there from China in the aftermath of the 1949 revolution. Taiwan has remained a bastion of U.S. intrigue and anti-China agitation for the past six decades.  Obama has recently upped the ante by approving a $6.4 billion arms sale to Taiwan, including:

“... 60 Black Hawk helicopters, Patriot interceptor missiles, advanced Harpoon missiles that can be used against land or ship targets and two refurbished minesweepers.”  (The New York Times, January 30, 2010). 

The same article quotes a Chinese government official who responded, accurately, by calling the arms sale “… a gross intervention intoChina’s internal affairs, [and] seriously endanger[ing] China’s national security…”   In 1962, When Russia supplied missiles to Cuba, nearFlorida’s coast, the U.S. interpreted this to be an act of war. 

China responded harshly to the Taiwan arms deals, imposing “an unusually broad series of retaliatory measures… including sanctions against American companies that supply the weapon systems for the arms sales.”  These U.S. arms manufacturers are giant corporations who have huge political influence in the Obama administration, and are likely to further push the U.S. government towards an even more aggressive response.    

Obama’s polices against China have been far more aggressive than Bush’s, making a farce out of his campaign promises of a more peaceful foreign policy. Obama’s same, deceitful approach is used inSouth America, where he promised “non-intervention” and then proceeded to build military bases in Colombia on Venezuela’s border, while giving a green light to the coup in Honduras. 

Hillary Clinton also threatened China about internet censorship last week, while Obama consciously provoked China by agreeing to talks with the Dalai Lama, who advocates the removal of Chinese influence from Tibet.

Still fresh in the memories of both the U.S. and China is the recent trade flair up, when Obama imposed taxes on Chinese imports; and China responded with protectionist measures against U.S. companies, which brings us to the heart of the matter. 

The attitude of the U.S. government towards China has nothing to do with the Dalai Lama, internet censorship, or human rights.  These excuses are used as diplomatic jabs in the framework of a larger, geopolitical brawl. Chinese corporations are expanding rapidly in the wake of the decline of the U.S. business class, and Obama is using a variety of measures to counteract this dynamic, with all roads leading to war. 

This grand chessboard of corporate and military maneuvering reached a dangerous standoff yesterday, with the U.S. military provoking Iran. The New York Times explains:

“The Obama administration is accelerating the deployment of new defenses against possible Iranian missile attacks in the Persian Gulf, placing special ships [war ships] off the Iranian coast and antimissile systems in at least four [surrounding] Arab countries, according to administration and military officials.” (January 30, 2010). 

The same article mentions that U.S. General  Petraeus admitted that “… the United States was now keeping Aegis cruisers on patrol in the Persian Gulf  [Iran’s border] at all times. Those cruisers are equipped with advanced radar and antimissile systems designed to intercept medium-range missiles.”  Iran knows full well that “antimissile systems” are perfectly capable of going on the offensive — their real purpose. 

Iran is completely surrounded by countries occupied by the U.S. military, whether it be the mass occupation in Iraq and Afghanistan, or the U.S. puppet states that house U.S. military bases in Arab nations.  Contrary to the statements of President Obama, Iran is already well contained militarily.  Iran’s government — however repressive it may be — has every right to defend itself in this context. 

It is possible that these aggressive U.S. actions will eventually force Iran’s government to act out militarily, giving the U.S. military the “defensive” excuse it’s been waiting for, so the tempers of the U.S. population can be cooled. 

A separate New York Times editorial outlines the basic agreement onIran shared by the Democrats and the Republicans.  It says:

“It is time for President Obama and other leaders to ratchet up the pressure with tougher sanctions.”

And: 

“If the [UN] Security Council does not act quickly, then the United States and Europe must apply more pressure on their own [Bush's Iraq war strategy]. The Senate on Thursday approved a bill that would punish companies for exporting gasoline to Iran or helping Iran expand its own petroleum refining capability [another act of war]” (January 29, 2010).

The U.S. anti-war movement must organize and mobilize to confront the plans of the Obama administration.  Obama’s policies not only mirror Bush’s, but have the potential to be far more devastating, with the real possibility of creating a wider, regional war.  Iran and China are far more militarily capable than puny Afghanistan or Iraq; the consequences of a war with either will cause countless more deaths. 

Bring All the Troops Home!

U.S. Military Out of the Middle East!

Shamus Cooke is a social service worker, trade unionist, and writer for Workers Action (www.workerscompass.org).  He can be reached at shamuscook@yahoo.com

Shamus Cooke is a frequent contributor to Global Research.  Global Research Articles by Shamus Cooke

© Copyright Shamus Cooke , Global Research, 2010

Disclaimer: The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Centre for Research on Globalization. The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible or liable for any inaccurate or incorrect statements contained in this article.


© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Aio
20 May 10, 13:41
Are you kiddin?

SUA will never ever put real pressure on China. They are too tied together and China reserves are in $. Drop them all at once on the market and you'll have a $ priced worse than Botswana currency.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife