Posted by: quiscus | January 31, 2012

January 31, 2012

1. “Currency Warfare: What are the Real Targets of the E.U. Oil Embargo against Iran?

Moreover, Iran has broadened its move away from the use of the U.S. dollar and the euro as policy in bilateral trade relations. Iran and India are talking about gold payments for Iranian oil. Iranian and Russian trade is conducted in Iranian rials and Russian roubles, while Iranian trade with China and other Asian countries is conducted using the Chinese renminbi, Iranian rial, Japanese yen, and other non-dollar and non-euro currencies.

While the euro could have been a big winner from a petro-euro system, the actions of the European Union have worked against this. The E.U. oil embargo against Iran is merely hammering the nails in the coffin. Globally, the emerging matrix of Eurasian and international trade and transaction outside of the umbrellas of the American dollar and the euro is weakening both currencies. The Iranian Parliament is now passing legislation to cut oil exports to the members of the European Union that will be part of the sanctions regime until they rescind the Iranian oil sanctions. The Iranian move will be a blow to the euro, especially since the European Union will not have time to prepare for the Iranian energy cuts.

There are several possibilities that could emerge. One of them is that this could be part of what Washington wants and it could be playing into its hands against the European Union. Another is that the U.S. and specific E.U. members are working together against strategic economic rivals and other markets.

Who Benefits? The Economic Targets are beyond Iran…

The end of Iranian oil exports to the European Union and the decline of the euro will directly benefit the United States and the U.S. dollar. What the European Union is doing is merely weakening itself and giving the U.S. dollar the upper hand in its currency rivalry against the euro. Moreover, should the euro collapse, the American dollar will quickly fill much of the void. Despite the fact that Russia will benefit from higher oil prices and greater leverage over E.U. energy security as a supplier, the Kremlin has also warned the European Union that it is working against its own interests and subordinating itself to Washington.”

2. “One Million Killed

The deaths caused by the U.S. in Iraq are “untold” by the media

OVER A million Iraqis are dead from America’s war.

That sentence is a cognitive litmus test. Some people’s immediate reaction is, “That can’t be right,” because the United States couldn’t do that. Or because crimes on that scale don’t still happen. Or because they do happen, but only in horrible places that the United States hasn’t rescued.

One million is a “Grandpa, what did you do to stop it?” number. It’s a number that undeniably puts the American state among history’s villains. Those who are not willing or able to accept this are physically unable to retain the fact that over a million Iraqis are dead. Their brains expel it like a foreign germ.

Noam Chomsky once wrote that the “sign of a truly totalitarian culture is that important truths simply lack cognitive meaning and are interpretable only at the level of ‘Fuck You,’ so they can then elicit a perfectly predictable torrent of abuse in response.”

That pretty much sums up the how the media reacted to the one million figure in 2007 when it was announced by the British polling firm Opinion Research Business (ORB). (In fact, the firm estimated 1,220,580 Iraqis had died, confirming and updating a separate study done the year before by researchers from Johns Hopkins University and published in the Lancet medical journal.)

Take Kevin O’Brien, deputy editor of the Cleveland Plain Dealer. Upon receiving a media advisory about the findings from ORB, whose clients include the British Conservative Party and Morgan Stanley, this was his response: “Please remove me from your mailing list and spare me your transparent propaganda.”


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