Best of the Week
Most Popular
1. The Trump Stock Market Trap May Be Triggered - Barry_M_Ferguson
2.Why are Central Banks Buying Gold and Dumping Dollars? - Richard_Mills
3.US China War - Thucydides Trap and gold - Richard_Mills
4.Gold Price Trend Forcast to End September 2019 - Nadeem_Walayat
5.Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - Anika_Walayat
6.US Dollar Breakdown Begins, Gold Price to Bolt Higher - Jim_Willie_CB
7.INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - Nadeem_Walayat
8.Will Google AI Kill Us? Man vs Machine Intelligence - N_Walayat
9.US Prepares for Currency War with China - Richard_Mills
10.Gold Price Epochal Breakout Will Not Be Negated by a Correction - Clive Maund
Last 7 days
This Is Your Last Chance to Dump Netflix Stock - 19th July 19
Gold and US Stock Mid Term Election and Decade Cycles - 19th July 19
Precious Metals Big Picture, as Silver Gets on its Horse - 19th July 19
This Technology Everyone Laughed Off Is Quietly Changing the World - 19th July 19
Green Tech Stocks To Watch - 19th July 19
Double Top In Transportation and Metals Breakout Are Key Stock Market Topping Signals - 18th July 19
AI Machine Learning PC Custom Build Specs for £2,500 - Scan Computers 3SX - 18th July 19
The Best “Pick-and-Shovel” Play for the Online Grocery Boom - 18th July 19
Is the Stock Market Rally Floating on Thin Air? - 18th July 19
Biotech Stocks With Near Term Catalysts - 18th July 19
SPX Consolidating, GBP and CAD Could be in Focus - 18th July 19
UK House Building and Population Growth Analysis - 17th July 19
Financial Crisis Stocks Bear Market Is Scary Close - 17th July 19
Want to See What's Next for the US Economy? Try This. - 17th July 19
What to do if You Blow the Trading Account - 17th July 19
Bitcoin Is Far Too Risky for Most Investors - 17th July 19
Core Inflation Rises but Fed Is Going to Cut Rates. Will Gold Gain? - 17th July 19
Boost your Trading Results - FREE eBook - 17th July 19
This Needs To Happen Before Silver Really Takes Off - 17th July 19
NASDAQ Should Reach 8031 Before Topping - 17th July 19
US Housing Market Real Terms BUY / SELL Indicator - 16th July 19
Could Trump Really Win the 2020 US Presidential Election? - 16th July 19
Gold Stocks Forming Bullish Consolidation - 16th July 19
Will Fed Easing Turn Out Like 1995 or 2007? - 16th July 19
Red Rock Entertainment Investments: Around the world in a day with Supreme Jets - 16th July 19
Silver Has Already Gone from Weak to Strong Hands - 15th July 19
Top Equity Mutual Funds That Offer Best Returns - 15th July 19
Gold’s Breakout And The US Dollar - 15th July 19
Financial Markets, Iran, U.S. Global Hegemony - 15th July 19
U.S Bond Yields Point to a 40% Rise in SPX - 15th July 19
Corporate Earnings may Surprise the Stock Market – Watch Out! - 15th July 19
Stock Market Interest Rate Cut Prevails - 15th July 19
Dow Stock Market Trend Forecast Current State July 2019 Video - 15th July 19
Why Summer is the Best Time to be in the Entertainment Industry - 15th July 19
Mid-August Is A Critical Turning Point For US Stocks - 14th July 19
Fed’s Recessionary Indicators and Gold - 14th July 19
The Problem with Keynesian Economics - 14th July 19
Stocks Market Investors Worried About the Fed? Don't Be -- Here's Why - 13th July 19
Could Gold Launch Into A Parabolic Upside Rally? - 13th July 19
Stock Market SPX and Dow in BREAKOUT but this is the worrying part - 13th July 19
Key Stage 2 SATS Tests Results Grades and Scores GDS, EXS, WTS Explained - 13th July 19
INTEL Stock Investing in Qubits and AI Neural Network Processors - Video - 12th July 19
Gold Price Selloff Risk High - 12th July 19
State of the US Economy as Laffer Gets Laughable - 12th July 19
Dow Stock Market Trend Forecast Current State - 12th July 19
Stock Market Major Index Top In 3 to 5 Weeks? - 11th July 19
Platinum Price vs Gold Price - 11th July 19
What This Centi-Billionaire Fashion Magnate Can Teach You About Investing - 11th July 19
Stock Market Fundamentals are Weakening: 3000 on SPX Means Nothing - 11th July 19
This Tobacco Stock Is a Big Winner from E-Cigarette Bans - 11th July 19
Investing in Life Extending Pharma Stocks - 11th July 19
How to Pay for It All: An Option the Presidential Candidates Missed - 11th July 19
Mining Stocks Flash Powerful Signal for Gold and Silver Markets - 11th July 19
5 Surefire Ways to Get More Viewers for Your Video Series - 11th July 19

Market Oracle FREE Newsletter

Top AI Stocks Investing to Profit from the Machine Intelligence Mega-trend

U.S. Warring for Resources, Vast Riches of Minerals Identified in Afghanistan

Politics / Afghanistan Jun 20, 2010 - 03:48 AM GMT

By: Submissions

Politics

Best Financial Markets Analysis ArticleDavid Sirota writes: Reading this week's New York Times headline -- "U.S. Identifies Vast Riches of Minerals in Afghanistan" -- many probably wondered how this information was being presented as "news" in 2010. After all, humanity has long been aware of the country's vast natural resources.


As Mother Jones magazine's James Ridgeway said after recalling past public accounts of the ore deposits, "This ‘discovery' in fact is ancient history tracing back to the times of Marco Polo."

The intrigue in The Times dispatch, then, is not Afghanistan's "huge veins of iron, copper, cobalt, gold and critical industrial metals" that the paper quotes Pentagon officials gushing about -- it is the gushing itself. Indeed, the real question is: What would prompt the government to portray well-known geology as some sort of blockbuster revelation?

The Atlantic's Marc Ambinder proffers a convincing answer. Noting the military's coordinated quotes in The Times piece, he writes that the Pentagon is probably trying to bolster Americans' support for the flagging Afghanistan campaign by "publicizing or re-publicizing valid but already public information about the region's potential wealth."

This assertion, mind you, is not coming from some antiwar ideologue in a "No War for Oil!" T-shirt. On the contrary, Ambinder is a quintessential buttoned-down establishmentarian far more interested in covering political process than in pushing a pet cause -- which means his charge (later echoed by other Washington journalists) is a particularly powerful one. And if he's correct, we may be witnessing the final spasm of a radical shift.

Remember, the idea that the U.S. invades countries to pilfer natural resources was once written off as an inflammatory insult and/or an unsubstantiated conspiracy theory, irrespective of corroborating facts (like, say, pre-9/11 Pentagon plans to divvy up Iraqi petroleum, State Department proposals to privatize Iraq's oil fields and top government officials insisting Saddam Hussein's overthrow was "essential" to protect oil supplies). The assumption, of course, was that the public opposes resource conflicts and that therefore labeling wars as such is nothing but disreputable slander designed only to harm a political opponent.

This manufactured construct, though, began eroding as soon as George W. Bush started turning the "war for oil" aspersion into a proud clarion call.

In 2005, the Associated Press reported that the president "answered growing antiwar protests with a fresh reason for US troops to continue fighting in Iraq: protection of the country's vast oil fields." During a press conference a year later, Bush three times pitched petroleum as a rationale for war, criticizing "extreme elements" who "want to control oil resources," insisting that "we can't tolerate a new terrorist state in the heart of the Middle East with large oil reserves" and warning that we must stop insurgents from gaining "the capacity to use oil as an economic weapon."

Now, under President Obama, we get leaked Pentagon memos cheerily promising that Afghanistan will become "the Saudi Arabia of lithium" and generals touting the minerals' "stunning potential" -- the implication being that America is morally obligated to exploit such potential through armed occupation.

The theater of battle is different but the paradigm is the same: Whereas it was previously considered uncouth for anyone to even suggest that economic hegemony might motivate U.S. military action, our leaders are now boldly selling wars as commendable instruments of such profit-focused imperialism.

Importantly, this revised message relies on the new assumption that the public now sees resource conflicts not as detestable -- but as worthy and even admirable. And should that assumption prove true, it would mean that this latest exercise in martial propaganda represents more than mere marketing innovation. It would signal a disturbing change in what the population thinks is -- and is not -- a just reason for war.

David Sirota is the author of the best-selling books "Hostile Takeover" and "The Uprising." He hosts the morning show on AM-760 in Colorado and blogs at OpenLeft.com. E-mail him at ds@davidsirota.com or follow him on Twitter @davidsirota.

© 2010 Copyright David Sirota - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

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

6 Critical Money Making Rules