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

Trump Crossed the Rubicon in Pull Out From Iran Nuclear Deal

Politics / Middle East May 13, 2018 - 03:42 PM GMT

By: Michael_T_Bucci

Politics

Trump crossed the Rubicon and the world is reacting. He decided to pull out of the Iran nuclear agreement (JCPOA) signed in 2015 by Iran, the United States, Germany and all permanent members of the Security Council (P5+1), the fruit of more than a decade of planning. He then lit another match handed him by John Bolton and the “war parties” in Washington, Tel Aviv and Riyadh to widen sanctions by including any nation doing business with Iran (“secondary sanctions”).


In short, unless JCPOA is perpetuated in defiance of Trump by treaty signatories minus the U.S., the agreement will be void. The Iran treaty withdrawal, together with the imposition of sanctions against Iran and any nation violating the Trump mandate has forcibly quickened the turn of the global wheel that already was heading away from American diktats to forge alternatives in global cooperative governance and more trustworthy alliances.

Trump’s latest shove of the wheel could now enlist the strongest EU nations (Germany, and France) to assist this momentum away from America, which in the real world will further isolate America from ninety-five percent of the world’s population. But in Trump’s world he aims to control it in the style of world autocrat, iconoclast and renegade through bullying, insults, sanctions, Tomahawk missiles and, if necessary, threatening to use “The Bomb”.

The headline at Brussel’s EurActiv after the Trump announcement read: “Trump becomes number one threat to European economy” (May 9). “Trump’s action has inflamed a transatlantic relationship already strained by his threat to impose tariffs on European products, along with his 2017 withdrawal from the Paris climate accord” (Politico, May 9). Germany, with France and Britain, has said it remains committed to the nuclear deal and has no intention of breaking off business ties with Iran as long as the Islamic Republic upholds its side of the agreement (Deutsche Welle, May 11). Some 120 German companies run operations with their own staff in Iran and some 10,000 German businesses trade with the country.

Der Spiegel (May 12) wrote “Clever resistance is necessary, as sad and absurd as that may sound. Resistance against America.”

At the time of Trump’s announcement, former Fox News staffer and US Ambassador to Germany Richard Grenell tweeted: “As @realDonaldTrump said, US sanctions will target critical sectors of Iran’s economy. German companies doing business in Iran should wind down operations immediately.” That dictatorial command might seem good international diplomacy to Fox News fans, but was taken correctly by Chancellor Angela Merkel and most Germans as an insult to their leaders, industry, sovereignty and nation.

Whether or not Mrs. Merkel’s meeting with Vladimir Putin results in an agreement to work together to uphold the Iran accord, it presently remains the desire of Russia, France, Britain and Germany to defend their respective “interests” against American threats that have no basis in international law, let alone morality. Quite possibly it now has become all too clear to Europe that it needs the protection of another superpower (like Russia) to defend itself against Donald J. Trump.

Furthermore, as the largest buyer of Iran oil, China certainly isn't going to passively watch their lifeblood interrupted without a strong response.

Trump is resolving for Europeans one nagging question: “Can Trump be trusted?” As it stands the answer is NO, Trump cannot be trusted. And since Donald J. Trump is president of the United States and represents it, it translates to the United States cannot be trusted.

Since crossing the Rubicon, the future is uncertain but scenarios should be examined and one is this:

A sort of "mini-Axis" could evolve based, for now, solely on the sanction issues, but having the potential to enlarge into a full-Axis as more destructive maneuvers by Trump catapults most of the developed world (West and East) to form stronger ties and alliances with each other despite their preexisting differences ("the enemy of my enemy is my friend"). One Axis foreseeable is: EU-Russia-China vs. US-Israel-Saudi Arabia.

Trump is a president that was elected by less than one-half of voters. He will not be held entirely responsible for whatever will happen to the United States in the future. The Trump voters must share in that responsibility.

May 9 might be looked upon by future historians as the “official” beginning of the end of the American Empire.

If Donald J. Trump isn’t evicted from office by Americans, the world will evict America from the global community.

(c) 2018 Michael T. Bucci

Michael T. Bucci is a retired public relations executive from New Jersey currently residing in New England.


© 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