From The Ramparts
Junious Ricardo Stanton
US Saber Rattling Explained
Reuters, Feb 7, 2016 “A source at state-owned National Iranian Oil Co (NIOC) told Reuters that Iran will charge in Euros for its recently signed oil contracts with firms including French oil and gas major Total, Spanish refiner Cepsa and Litasco, the trading arm of Russia’s Lukoil. ‘In our invoices we mention a clause that buyers of our oil will have to pay in Euros, considering the exchange rate versus the dollar around the time of delivery,’ the NIOC source said.” https://www.newcoldwar.org/the-dangerous-trend-for-the-u-s-of-oil-payments-in-non-u-s-currency/
Donald Trump has been in office less than a month and his administration has already reneged on his campaign promise to avoid foreign entanglements. As a candidate Trump railed against the Iran nuclear deal claiming it was the worst deal possible. Now that he is in office he and his administration are blasting Iran for its recent missile test which are allowed under the agreement signed by the Obama administration. Trump like the rest of the D.C. denizens are under the total sway of the Israeli lobby who have been pressing the West to attack Iran for decades. Now the Trump administration continues the threadbare canard that Iran is the largest state sponsor of terrorism totally ignoring the role of Saudi Arabia as the supplier of Wahabbi fanatics and provocateurs around the world. This means the real culprits are receiving a pass!!
The Trump administration is faced with a serious issue they didn’t anticipate primarily because hey didn’t do their homework during the campaign. A year ago Iran announced it was going to bill its oil importing customers in Euros rather than US dollars! The official date for these Euro transactions is March of 2017. What is the significance of this you ask? It means Iran is bypassing the Petrodollar arrangement established following WWII when the US and Saudi Arabia agreed to sell oil only in US dollars which set the stage for the US Dollar as the new global medium of exchange, the world’s dominant currency. The US dollar replaced the British pound sterling as the world’s reserve currency. The US Empire had eclipsed the British Empire as the standard bearer of global imperialist white supremacy!
For decades the US has obsessively protected its dollar hegemony even going to war (under false pretences) to prevent the rise and challenge of any other currency or group of currencies to the US dollar. http://www.thirdworldtraveler.com/Iraq/Iraq_dollar_vs_euro.html The real reason the US toppled Saddam Hussein was because he started selling his oil in Euros just as the Euro surpassed the US dollar in value. Other OPEC nations contemplated doing the same thing, so the US made an example of Saddam Hussein!
Several years after the US invaded Iraq and murdered Saddam Hussein Muammar Mohammed Abu Minyar Gaddafi made his plans to create a pan African currency based upon gold and the Libyan dinar public. In addition to that Gaddafi opened Libya to Chinese trade and Libyan oil exports; as a result he became persona non grata to the West and he was hideously murdered. Hillary Clinton the darling of Western warmongers famously cackled, “we came, we saw, he died.” The real reason Gaddafi was murdered was he dared to challenge US dollar hegemony, undermine global Western banking usury and empower Africa.
Trump although calling himself America First, and running on serving the people, is obligated to maintain and expand the American empire. But the American empire is in rapid decline; hence the saber rattling against Iran, Russia, China the empire’s primary economic and military rivals. Forces beyond Trump’s control have put him in an untenable situation. Right now it is merely a war of words, lies and propaganda to prepare us for the coming shooting wars. Shooting wars regardless of the bogus reasons the 1% tell the people, are usually about controlling trade routes, resources, currencies or geostrategic positioning. In this case the saber rattling is about trying to scare Iran, Russia and China into backing down from their trade alliances and partnerships that are being conducted using other currencies which is the death knell for the US dollar as the world’s reserve currency and the US as the top dog in global affairs.
The problem for Trump and the US empire is Iran, Russia and China are not the weak countries the US has been beating up on like Iraq, Somalia, Yemen and Libya.