Best of the Week
Most Popular
1. Best Cash ISA Savings Account for Soaring UK Inflation - February 2018 - Nadeem_Walayat
2.Gold Price Forecast 2018 - February Update - Nadeem_Walayat
3.Bitcoin Crypto Currencies Crash 2018, Are We Near the Bottom? - Nadeem_Walayat
4.Trump Bubble Bursts, Stock Market Panic Dow 1175 Point Crash Analysis - Nadeem_Walayat
5.Gold Corrects, Bitcoin Markets Crash, Whilst Stocks Plunge - Nadeem_Walayat
6.US Treasury Bonds: Fuse to Light the Bonfire - Jim_Willie_CB
7.Dow Falls 666 Points As Cryptocurrencies Crash And Krugman Emerges From His Van - Jeff_Berwick
8.Stock Market Roller Coaster Crash Ride Down to Dow Forecast 23,000 - Nadeem_Walayat
9.Trading the Shadows - Oil, Dollar, Stocks, Gold Trend Analysis - B.R. Hollister
10.Stock Market Analysis: Baying for Blood - Abalgorithm
Last 7 days
Why The Next Oil Boom Will Be Fueled By Blockchain - 23rd Feb 18
Gold Bull and Bear Markets - 23rd Feb 18
Why Recent Lows Are Crucial for US Dollar - 23rd Feb 18
Will Bitcoin be Larger Than NEO in 2018? - 23rd Feb 18
Stock Market SPX Probable Pop-n-drop - 22nd Feb 18
Stocks Fail to Hold Gains, But Still No Correction - 22nd Feb 18
Why We Should Buy Essay - 22nd Feb 18
The Latest US Debt Blow - 22nd Feb 18
6 Tips For Seamless Business Foreign Exchange - 22nd Feb 18
How to Anticipate Stock Market Trend Changes - 21st Feb 18
Gold Miners’ Rally? What Rally? Watch Out for More Fake Moves! - 21st Feb 18
5 Big Drivers of Higher Inflation Rates Ahead - 21st Feb 18
Goofy Indictments Divert Attention from Criminal Abuses at the FBI and DOJ - 21st Feb 18
Bitcoin or British Pound ‘Pretty Much Failed’ As Currency? - 21st Feb 18
Stock Market Waiting for the Fed - 21st Feb 18
National Identity Demands Restrictive Immigration - 21st Feb 18
Best Opportunities for Freelance Technical Writing Jobs - 21st Feb 18
4% US 10-year Treasury Note Yield Will Be a Floor Not a Ceiling - 20th Feb 18
Governments Are LYING about Their Gold Activities while Mining Companies Cower - 20th Feb 18
No Silver Lining Here - 20th Feb 18
Semi Conductor Stocks SEMI Bearish? - 20th Feb 18
The Prisoner Promised Land - 20th Feb 18
Best Car Dash Cam Review: Z-Edge S3 Dual Dash Cam - UNBOXING (1) - 20th Feb 18
How Inflation Reduces The Real Value Of Social Security Net Of Medicare Premiums - 19th Feb 18
Could Stellar Lumens be a Challenger to Bitcoin for International Payments? - 19th Feb 18
US-China Trade War Escalates As Further Measures Are Taken - 19th Feb 18
How To Trade Gold Stocks with Momentum - 19th Feb 18
Is a New Gold Bull Market on the Horizon? - 19th Feb 18
Stock Market Decision Point! - 19th Feb 18
An Inflation Indicator to Watch, Part 1 - 18th Feb 18
Get on Top Of Debt Before It Gets on Top of You - 18th Feb 18
Will the Stock Market Make a Double Bottom? - 18th Feb 18
5 Reasons Why Commodities Are the Investment Place to be in 2018 - 18th Feb 18
1 Week Later, Stock, Bond Market Risk Remains ‘On’ as 2 of 3 Amigos Ride On - 17th Feb 18
Crude Oil Prices: A Case of Dueling Narratives? - 17th Feb 18
Free 1000 Youtube Subscribers Services - YTpals, Subpals, SubmeNow Test - 17th Feb 18
How to Trade as We Near March Stock Market Top - 16th Feb 18
Bitcoin as Poison - 16th Feb 18
GDX Gold ETF Weathers Stock Market Selloff - 16th Feb 18
Casino Statistics and Demographics - 16th Feb 18
IS Today Thee Stock Market Turn Day? - 16th Feb 18
Huge SMIGGLE Shopping HAUL, Pencil Cases, Drinks Bottles, Back Packs, Toys.... - 16th Feb 18
Tesla Cash Keeps Burning at $320 a Share - 15th Feb 18
Big Conflict Ahead in the Financial Markets - 15th Feb 18
Stocks Extend Rally Off Friday's Low, But Short-Term Exhaustion Near - 15th Feb 18
Stock Market Out on a Limb... - 15th Feb 18
Things Only a True Friend Would Say About Gold - 14th Feb 18
Global Debt Crisis II Cometh - 14th Feb 18
Understanding Crude Oil Behavior - 14th Feb 18
Stock Market is Getting Scary... - 14th Feb 18

Market Oracle FREE Newsletter

Urgent Stock Market Message

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.


© 2005-2018 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

6 Critical Money Making Rules