Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - Part 2 - 3rd Dec 21
Stock Market Major Turning Point Taking Place - 3rd Dec 21
The Masters of the Universe and Gold - 3rd Dec 21
This simple Stock Market mindset shift could help you make millions - 3rd Dec 21
Will the Glasgow Summit (COP26) Affect Energy Prices? - 3rd Dec 21
Peloton 35% CRASH a Lesson of What Happens When One Over Pays for a Loss Making Growth Stock - 1st Dec 21
Stock Market Sentiment Speaks: I Fear For Retirees For The Next 20 Years - 1st Dec 21 t
Will the Anointed Finanical Experts Get It Wrong Again? - 1st Dec 21
Main Differences Between the UK and Canadian Gaming Markets - 1st Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - 30th Nov 21
Omicron Covid Wave 4 Impact on Financial Markets - 30th Nov 21
Can You Hear It? That’s the Crowd Booing Gold’s Downturn - 30th Nov 21
Economic and Market Impacts of Omicron Strain Covid 4th Wave - 30th Nov 21
Stock Market Historical Trends Suggest A Strengthening Bullish Trend In December - 30th Nov 21
Crypto Market Analysis: What Trading Will Look Like in 2022 for Novice and Veteran Traders? - 30th Nov 21
Best Stocks for Investing to Profit form the Metaverse and Get Rich - 29th Nov 21
Should You Invest In Real Estate In 2021? - 29th Nov 21
Silver Long-term Trend Analysis - 28th Nov 21
Silver Mining Stocks Fundamentals - 28th Nov 21
Crude Oil Didn’t Like Thanksgiving Turkey This Year - 28th Nov 21
Sheffield First Snow Winter 2021 - Snowballs and Snowmen Fun - 28th Nov 21
Stock Market Investing LESSON - Buying Value - 27th Nov 21
Corsair MP600 NVME M.2 SSD 66% Performance Loss After 6 Months of Use - Benchmark Tests - 27th Nov 21
Stock Maket Trading Lesson - How to REALLY Trade Markets - 26th Nov 21
SILVER Price Trend Analysis - 26th Nov 21
Federal Reserve Asks Americans to Eat Soy “Meat” for Thanksgiving - 26th Nov 21
Is the S&P 500 Topping or Just Consolidating? - 26th Nov 21
Is a Bigger Drop in Gold Price Just Around the Corner? - 26th Nov 21
Financial Stocks ETF Sector XLF Pullback Sets Up A New $43.60 Upside Target - 26th Nov 21
A Couple of Things to Think About Before Buying Shares - 25th Nov 21
UK Best Fixed Rate Tariff Deal is to NOT FIX Gas and Electric Energy Tariffs During Winter 2021-22 - 25th Nov 21
Stock Market Begins it's Year End Seasonal Santa Rally - 24th Nov 21
How Silver Can Conquer $50+ in 2022 - 24th Nov 21
Stock Market Betting on Hawkish Fed - 24th Nov 21
Stock Market Elliott Wave Trend Forecast - 24th Nov 21
Your once-a-year All-Access Financial Markets Analysis Pass - 24th Nov 21
Did Zillow’s $300 million flop prove me wrong? - 24th Nov 21
Now Malaysian Drivers Renew Their Kurnia Car Insurance Online With Fincrew.my - 24th Nov 21
Gold / Silver Ratio - 23rd Nov 21
Stock Market Sentiment Speaks: Can We Get To 5500SPX In 2022? But 4440SPX Comes First - 23rd Nov 21
A Month-to-month breakdown of how Much Money Individuals are Spending on Stocks - 23rd Nov 21
S&P 500: Rallying Tech Stocks vs. Plummeting Oil Stocks - 23rd Nov 21
Like the Latest Bond Flick, the US Dollar Has No Time to Die - 23rd Nov 21
Why BITCOIN NEW ALL TIME HIGH Changes EVERYTHING! - 22nd Nov 21
Cannabis ETF MJ Basing & Volatility Patterns - 22nd Nov 21
The Most Important Lesson Learned from this COVID Pandemic - 22nd Nov 21
Dow Stock Market Trend Analysis - 22nd Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

America Clueless In The Middle East

Politics / Middle East Apr 01, 2015 - 06:32 PM GMT

By: John_Rubino

Politics

Starting with the CIA’s overthrow (and some would say murder) of Iran’s democratically-elected president in the 1950s and continuing through our serial invasions of Iraq and our arming of Al Qaeda and ISIS, American policy in the Middle East has been a textbook case of a superpower with more money than brains, making things vastly worse with every move and counter-move.


Now, at last, people are starting to figure this out. On a recent Daily Show, John Stewart uses some evocative language to illustrate the incoherence of today’s Middle East “policy”.

Stewart middle east)

“The Iran that we’re currently crippling with sanctions and periodically threatening to bomb is now our…I don’t wanna say ally,” Stewart said. “Battle buddy?”

At the same time, America supported a coalition led by Saudi Arabia striking Iranian-backed fighters in another Middle Eastern nation, Yemen.

“Holy shit!” Stewart said. “It took decades of destablizing conflict, but we finally figured out how to wage a proxy war against ourselves.”

Now that the US media is catching onto what the rest of the world has known for decades, a few questions:

Is this even legal? Can we just randomly bomb or otherwise intervene in other countries? Ron Paul of course has been saying no forever. And the following from Ajamu Baraka of the Institute for Policy Studies updates the argument for the current war in Yemen:

Another Illegal War in the Middle East

Saudi Arabia has commenced military operations against the Ansarullah fighters of the Houthi movement in Yemen.

The Saudi intervention was not unexpected. Over the last few weeks, there were signs that the United States and the Saudis were preparing the ground for direct military intervention in Yemen in response to the Houthis’ seizing the Yemeni capital of Sana’a last January.

With the fall of al-Anad air base, where the U.S. military and CIA conducted drone warfare in Yemen, and the seige of the port city of Aden, where disposed President Abd Rabbuh Mansur Hadi had fled, it was almost certain that the U.S. would greenlight its client states to intervene.

Saudi Ambassador Adel al-Jubeir cloaked the role of Saudi Arabia within the fictitious context of another grand coalition, this time led by the Gulf Cooperation Council (GCC) — the corrupt collection of authoritarian monarchies allied with the United States and the other Western colonial powers.

Al-Jubeir added that before launching operations in Yemen, all of Saudi Arabia’s allies were consulted. The meaning of that statement is that the U.S. was fully invested in the operation.

Even though the ambassador stressed that Washington was not directly involved in the military component of the assault, CNN reported that an interagency U.S. coordination team was in Saudi Arabia. A U.S. official subsequently confirmed that Washington would be providing logistical and intelligence support for the operation.

The intervention by the Saudis and the GCC continues the international lawlessness that the United States precipitated with its “War on Terror” over the last decade and a half. Violations of the UN Charter and international law modeled by the powerful states of the West has now become normalized, resulting in an overall diminution of international law and morality over the last 15 years.

The double standard and hypocrisy of U.S. support for the Saudi intervention in Yemen, compared to Western and U.S. condemnation of Russia’s regional security concerns in response to the coup in Ukraine, will not be missed by most people.

What exactly do we hope to get for the ~ $2 trillion we’ve spent on recent Middle East wars?
Obviously it’s mostly about oil. But does propping up “friendly” regimes actually affect this market? Can unfriendlies like Iran refuse to sell us oil? Not really. Oil is a fungible commodity, with each barrel of a given type being more or less identical to every other. If sold to, say, China, it enters the global marketplace and affects price and supply in exactly the same way as if it were sold to Germany or the US. In short, if an OPEC country wants to pay its bills it has to sell oil on the global market, which means in effect selling to the US. So while short-term disruptions like the embargoes of the 1970s are possible, they end up hurting the sellers as much as the buyers and can’t be sustained. Our interventions thus end up having virtually no impact on the long-term price of gas for American SUVs.

Meanwhile, for the cost of the past few wars, the US could have put solar panels on every Sun Belt rooftop, electric cars in every garage, and weather stripping on every New England window, obviating the need for imported oil (and for most of the coal that we now get from blowing up Appalachian mountains).

Are we protecting Israel?
One of the interesting things about ISIS, the latest Mortal Enemy to bubble up, is that it doesn’t spend much time or energy combating Zionism. It’s way more focused on stamping out heresy within Islam. In this sense it is reminiscent of 16th century European Catholics and Protestants who took turns burning each other at the stake. So a case can be made that even if Israel didn’t exist, Islam would still need its own Reformation (see There Is No God But God, by Reza Aslan).

And even if our main goal in the Middle East is to protect Israel, simply giving them $2 trillion would do the trick, without all the planes full of coffins and VA hospitals full of young soldiers with missing arms and legs.

The inescapable conclusion is that we have no idea what we’re doing. We’re simply an empire on autopilot, blundering around protecting “interests” that were defined decades ago by long-dead politicians and generals and remain unquestioned in mainstream strategic circles. We’re the Roman empire, in other words, trying to keep the barbarians at bay without the slightest idea how to do it.

Why is this appearing on DollarCollapse.com?
Because Rome ended up inflating away its currency in an attempt to pay for its empire, and the US is traveling a very similar road.

By John Rubino

dollarcollapse.com

Copyright 2015 © John Rubino - 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