Best of the Week
Most Popular
1. Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - P_Radomski_CFA
2.Fed Balance Sheet QE4EVER - Stock Market Trend Forecast Analysis - Nadeem_Walayat
3.UK House Prices, Immigration, and Population Growth Mega Trend Forecast - Part1 - Nadeem_Walayat
4.Gold and Silver Precious Metals Pot Pourri - Rambus_Chartology
5.The Exponential Stocks Bull Market - Nadeem_Walayat
6.Yield Curve Inversion and the Stock Market 2019 - Nadeem_Walayat
7.America's 30 Blocks of Holes - James_Quinn
8.US Presidential Cycle and Stock Market Trend 2019 - Nadeem_Walayat
9.Dear Stocks Bull Market: Happy 10 Year Anniversary! - Troy_Bombardia
10.Britain's Demographic Time Bomb Has Gone Off! - Nadeem_Walayat
Last 7 days
In Just 45 Mins., Learn to Spot New Opportunities in ANY Market for FREE! - 25th April 19
If This Pattern Holds True, the US Economy Could Face the Worst Stagnation in History - 25th April 19
8 Reasons Why Investment in Education Always Pays Off - 25th April 19
Want To Earn A Safe 5% In Fixed Income? Buy Preferred Stocks - 24th April 19
Can Gold Price Rise Without a Rate Cut?  - 24th April 19
Silver’s Next Big Move - 24th April 19
How Can a College Student Invest Wisely? - 24th April 19
Prepare For Unknown Stock Market Price Action As New Highs Are Reached - 23rd April 19
Silver Plays a Small but Vital Role in Every Portfolio - 23rd April 19
Forecasting 2020s : Two Recessions, Higher Taxes, and Japan-Like Flat Markets - 23rd April 19
Gold and Silver Give Traders Another Buying Opportunity - 23rd April 19
Stock Market Pause Should Extend - 21st April 19
Why Gold Has Been the Second Best Asset Class for the Last 20 Years - 21st April 19
Could Taxing the Rich Solve Income Inequality? - 21st April 19
Stock Market Euphoria Stunts Gold - 20th April 19
Is Political Partisanship Killing America? - 20th April 19
Trump - They Were All Lying - 20th April 19
The Global Economy Looks Disturbingly Like Japan Before Its “Lost Decade” - 19th April 19
Growing Bird of Paradise Strelitzia Plants, Pruning and Flower Guide Over 4 Years - 19th April 19
S&P 500’s Downward Reversal or Just Profit-Taking Action? - 18th April 19
US Stock Markets Setting Up For Increased Volatility - 18th April 19
Intel Corporation (INTC) Bullish Structure Favors More Upside - 18th April 19
Low New Zealand Inflation Rate Increases Chance of a Rate Cut - 18th April 19
Online Grocery Shopping Will Go Mainstream as Soon as This Year - 17th April 19
America Dancing On The Crumbling Precipice - 17th April 19
Watch The Financial Sector For The Next Stock Market Topping Pattern - 17th April 19
How Central Bank Gold Buying is Undermining the US Dollar - 17th April 19
Income-Generating Business - 17th April 19
INSOMNIA 64 Birmingham NEC Car Parking Info - 17th April 19
Trump May Regret His Fed Takeover Attempt - 16th April 19
Downside Risk in Gold & Gold Stocks - 16th April 19
Stock Market Melt-Up or Roll Over?…A Look At Two Scenarios - 16th April 19
Is the Stock Market Making a Head and Shoulders Topping Pattern? - 16th April 19
Will Powell’s Dovish Turn Support Gold? - 15th April 19
If History Is Any Indication, Stocks Should Rally Until the Fall of 2020 - 15th April 19
Stocks Get Closer to Last Year’s Record High - 15th April 19
Oil Price May Be Setup For A Move Back to $50 - 15th April 19
Stock Market Ready For A Pause! - 15th April 19
Shopping for Bargain Souvenirs in Fethiye Tuesday Market - Turkey Holidays 2019 - 15th April 19
From US-Sino Talks to New Trade Wars, Weakening Global Economic Prospects - 14th April 19
Stock Market Indexes Race For The New All-Time High - 14th April 19
Why Gold Price Will “Just Explode… in the Blink of an Eye” - 14th April 19

Market Oracle FREE Newsletter

Top 10 AI Stocks Investing to Profit from the Machine Intelligence Mega-trend

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

6 Critical Money Making Rules