Monday, October 22, 2012

'Military Strike on Iran Would Only Delay Nuke Development'...


'Military Strike on Iran Would Only Delay Nuke Development'...



The upcoming US and Israeli elections have ignited speculation about possible military action against Iran. A newly-released report claims that such a strike would only motivate Iran to build nuclear weapons.
RT met with the co-author of this report, Dr. Austin Long , associate professor of International and Public Affairs at Columbia University, to talk about the Iranian nuclear threat and any potential military action.
RT: The Bipartisan group of national security action are the authors and signatories of this extensive report. According to your findings is Iran’s nuclear program currently a threat to the US?
Austin Long: At present it is not a threat to the United States. Iran’s nuclear program is under International Atomic Agency Inspections. According to the US national security committee, weapons have been suspended. So at present Iran’s nuclear program is not a major threat to United States. The concern is that it could very rapidly become one.
RT: How rapidly?
AL: In less than a year according to some estimates, other estimates more than a year. Depends on what you are talking about, the production of fissile material, the highly enriched uranium for a bomb, or an actual deliverable weapon. A deliverable weapon would take longer, production of fissile material could within a few months produce enough for a bomb.
RT: Within a few weeks America will be heading to the polls to vote for a president. Many believe that Israel has seen this time as a window of opportunity to strike Iran dragging the US into a war. Is there still a threat that it would do so in remaining weeks?
AL: The concern about a possible Israeli strike was higher a few weeks ago. Israelis are now dissolving their parliament and calling for new elections on January 22. This changes a lot of previous calculation. People that thought the Israeli government might act before the US election, now tend to believe they will wait until at least after the US elections if not actually after the new Israeli elections.
RT: Opinions vary but do you believe that Iran has an intention to acquire nuclear arms?
AL: It’s a big question I don’t think anyone can give a highly confident answer to. Does Iran want what some people refer to as a threshold capability, in other words this ability to produce nuclear weapons quite quickly, or do they want an actual deployed weapon? According to the US intelligence community and most of the observers Iran just has not made this decision yet. In part because they don’t need to. They want to get to that threshold capability before they make any decisions about whether to go further than that threshold because there is no point to make this decision early. In fact it might be detected by Western intelligence and you can tip your hand before you get to that threshold. So I think that decision has not been made.
RT: You don’t seem to be putting the threat level of Iran’s nuclear program as high as some US officials. The Republican candidates for example have been in past weeks essentially saying that Iran is a very grave threat. Are they exaggerating that with all this rhetoric?
AL: I don’t think there is a tremendous amount of exaggeration that Iran is a threat generally. The United States and Iran have had pretty hostile relationship for more than three decades now. They had problematic relations in the Gulf. They’ve had conflict via proxies in Iraq. So I think it is not wrong to say Iran is a threat, the question is if Iran’s nuclear program is a real threat to the United States at the present, and it isn’t at the present. But the concern is that it can very quickly become a threat.
RT: According to the findings of your report, an extended US military strike on Iran’s nuclear facilities whether alone or in cooperation with Israel could set back Iran’s nuclear program four years, but it still would not guarantee that Iran wouldn’t eventually acquire a nuclear bomb. Why is that?
AL: It is because of the technology Iran already has. Some pieces and parts they need to acquire from overseas, but unless you can guarantee that you can kill off everyone in Iran, who has knowledge of these programs and their ability to produce these basic components, you can`t guarantee that the program can never be restarted. So you can destroy what they already have now but their ability to rebuild that even if it can take a very long time to rebuild that`s what can`t be destroyed.
RT: What kind of long term military commitment would the US have to make to ensure that Iran would never be able to build a nuclear bomb?
AL: It would be similar to what happened in Iraq. The only way to ensure a country does not acquire nuclear weapon is to forcibly change the regime and go on the ground, occupy it. That’s the only way to 100 per cent be sure that the current Iranian regime never acquires nuclear weapon.
RT: So we are talking about a ten year war. Lots of casualties?
AL: Potentially it could be. Iran is a larger country than both Iraq and Afghanistan combined, so you are talking about a war that would certainly be on that scale whether it’d be ten times harder, not quite as hard, who knows. But it would be a very substantial military commitment.
RT: Should the US be concerned about Iran’s unconventional war capabilities?
AL: The United States should definitely be concerned about Iran’s unconventional war capabilities. By its nature it is harder to define what their unconventional war capabilities are. You can count airplanes, you can count missiles. Unconventional is a little harder to judge, but Iran has a robust capability for unconventional war. They have special operations forces, they have clandestine services. They have a variety of capabilities to conduct attacks not in a typical military way.
RT: Is this really just a problem for Israel – Iran`s possible determination of acquiring nuclear weapons? Or is it a problem for the US as well?
AL: This is a problem for the entire world. Certainly, the entire world has asked Iran to clarify its intensions and has taken steps. But it is much bigger problem for Israel, than the United States, for no other reason than proximity and size. Israel in terms of populations is about the size of New York. Geographically it is quite small, it is quite close. So I think, it is a much bigger problem for Israel than it is for the United States. But it doesn’t mean it’s not a problem for the United States and the rest of the world.
RT: How much would war with Iran cost the US economy?
AL: It’s very difficult to tell but our estimates are that even a modest war would hurt the US economy in part because it would drive up the oil prices. Even modest in terms of duration spike in oil prices would certainly damage the US economy. If it were a longer, extended commitment and big disruption in oil it would be much more. And then there is an actual dollar figure to conduct the operations: flying planes, dropping bombs. These things are not incredibly expensive but neither are they cheap. There would be a substantial cost.
RT: Here is the question politicians always refuse to answer. Does Israel have nuclear weapons capacity?
AL: It is something the Israelis have been opaque on. Most outside observers would say that Israel has nuclear weapons capacity, even if it’s one that has never been deployed or tested.
RT: How much do you think the upcoming Israeli elections will play into the conflict with Iran?
AL: The upcoming Israeli elections will hinge heavily on what to do about Iran. The Netanyahu government will have some decisions to make. They could be very bold and take action as a care taker government, most observers don’t think they will and in fact a lot of the campaign will be about what to do about the Iranian nuclear program. It’ll be a huge issue in determining the future of the Israeli-Iranian relations.
RT: If Israel has a stockpile of nuclear weapons, as many have reported, and Iran has none, or even if Iran were to build one, wouldn’t there be some deterrence policy in place? Why would Israel consider still striking Iran?
AL: If both sides have nuclear weapons no side would be foolish to use them knowing that there is retaliation by the other side – the idea of mutually assured distraction. Israeli are deeply uncomfortable with it because it doesn’t take hundreds of nuclear weapons to functionally destroy Israel. A handful of nuclear weapons maybe even only one nuclear weapon could do the same damage hundreds of nuclear weapons would do to a much larger country. The concern is, why take any risk that there can be any kind of miscalculation and confrontation. An Israeli-Iranian equivalent of a Cuban crisis, say, over Hezbollah or Syria. And instead of resolving peacefully as a Cuban missile crisis this one actually results in the exchange of nuclear weapons. The Israeli attitude is – we have maintained all along we would not be the first country to introduce nuclear weapons into the region, we don’t want anyone else to do so either.
RT: When President Obama was addressing the UN he said that the time for negotiations is not “unlimited.” What do you make of that?
AL: I don’t think there is an exact date, but I do think the patience for negotiations is wearing thin, especially after the last round over the summer. Iranians put forward the proposal allegedly. The proposal would have called for the lifting of most sanctions in exchange for suspension of many of the more worrisome activities of the Iranian nuclear program. And the president said, look, this isn’t serious we are not going to remove everything that gives us leverage in exchange for this minor concession. It’s not like there is a specific date. But if it looks like all that Iranians are doing is using negotiations as a way to buy time, that’s when the president will say, look, we’ve given diplomacy all the time in the world, this hasn’t worked.
RT: Your report indicated that US military strike would motivate Iran to build a bomb, if this is the case, doesn’t the threatening coming from US and Israeli officials also cause damage?
AL: The idea is to calibrate the threat and maybe the United States has not always done the best job, but the idea is that you apply all the levers of persuasion: sanctions, the threat of military action, to say that it is not a good path to go down let’s find another path. But you are absolutely right, if you are trying to convince someone to do something or else they are going to carry out a threat you don’t want them to believe you are going to carry out a threat anyway, because why would you ever agree to anything if you think you are going to be attacked anyway. It could be tricky to calibrate that rhetoric.
Courtesy of rt.com

'War Crime': Gaddafi, His Son and Over 60 Loyalists Executed by Rebel Fighters – HRW...


'War Crime': Gaddafi, His Son and Over 60 Loyalists Executed by Rebel Fighters – HRW...

Libyan rebels abused and mass murdered Colonel Gaddafi, his son Mutassim, and 66 loyalists, after their capture a year ago, Human Rights Watch says. It calls for an investigation and prosecution of those responsible for what they slam as a war crime.
The 50-page report "Death of a Dictator: Bloody Vengeance in Sirte" details the last hours of Muammar Gaddafi’s life on October 20, 2011, when he was caught trying to leave the city with his remaining supporters.
HRW admits difficulty in reconstructing the final days of Libya’s ex-leader since “he was surrounded by a small circle of trusted confidants and bodyguards, most of whom were killed in the attempted escape from Sirte,” stated the report.
The report relies heavily on interviews with Mansour Dhao, a senior security official and head of the pro-Gaddafi People's Guard, and other surviving witnesses of the event. The interviews took place in Libya two days after Gaddafi’s death.


Capture, abuse, murder
Gaddafi is said to have fled Tripoli with a handful of his trustful men in the end of August to his hometown of Sirte, where he “spent most of his time reading the Koran and praying,” Dhao told HRW.
“His communications with the world were cut off. There was no communication, no television, no news,” he added.
On October 20, Gadaffi’s son Mutassim deemed the situation unsafe and organized a 50-vehicle convoy for all to flee the city in the morning. The convoy consisted of 250 people, including civilians who supported Gaddafi.
As the cars were trying to make their getaway they were struck by a NATO air-fired missile, which exploded next to the car carrying Gaddafi. In defense, the convoy turned on to a dirt road, but was pinned down by militia fighters and then further bombed by NATO fighter jets.
After the bombings Gaddafi, accompanied by 10 other people, including his bodyguards, tried to take shelter by a drainage pipe, but was once again attacked by militia.
One of Gaddafi’s bodyguards reportedly threw three grenades at the rebels, but one of the grenades hit a cement wall and bounced back, injuring Gaddafi and leading to his capture.
“As soon as the militia fighters had custody of Gaddafi, they began abusing him. Blood was already gushing from the shrapnel wound in his head. As he was being led to the main road, a militiaman stabbed him in his anus with what appears to have been a bayonet, causing another rapidly bleeding wound,” described the report.
Video clips taken of the capture suggest that after enduring abuses Gaddafi was shot by militia fighters.
Report suggests that rebels took “bloody revenge” against Gaddafi and his loyal supporters in light of the eight-month civil war.

An HRW team on the ground counted that 103 pro-Gaddafi supporters died during that escape. Half of those were killed by NATO bombings, and the other half were either killed in combat or executed.
On top of that, 140 Gaddafi loyalists were taken prisoner, but instead of being transferred to prison authorities, 66 of them were executed in a nearby hotel.
Gaddafi’s son Mutassim was also captured alive, according to YouTube videos taken by his captors. However, by the afternoon of the same day, Mutassim was dead with a large new wound in his throat, suggesting he was murdered, HRW concluded.
“The throat wound thus must have been inflicted after the videos of a captured Mutassim were recorded, strongly indicating that he was killed in the custody of his captors just hours after he was detained.”
HRW points out that “these killings apparently comprise the largest documented execution of detainees committed by anti-Gaddafi forces during the eight-month conflict in Libya. The execution of persons in custody is a war crime.”

Libya’s powerless authority

HRW also accuses Libyan transitional government of lack of control and unity for failing to properly investigate and prosecute those responsible for the killings in Sirte, a year after the incident.
“To some extent, the failure of Libya’s authorities to investigate shows their continuing lack of control over the heavily armed militias, and the urgent need to bring Libya’s numerous militias under the full control of the new authorities.”
UN and International Criminal Court (ICC) have already been calling upon Libya to investigate Gaddafi’s death back in October 2011.
ICC had spoken out that there were strong indications Gaddafi was killed in custody, yet it left things be by letting Libya to investigate on its own.
Libya announced it had created a committee to look into circumstances of death. However, there has not been a proper update into the investigation in just under a year.
Back in January, Gaddafi’s daughter Aisha hired Nick Kaufman, an Israeli lawyer, to convince the International Criminal Court to investigate the full circumstances of her father’s death, arguing that time for a proper probe is running out.
“[The investigation] would involve forensic analysis of the crime scene, ballistic analysis of the crime scene, it would involve taking detailed statements from objective and independent witnesses,” Kaufman told RT. And with time memories deteriorate, people forget, and evidence goes missing.
Yet Aisha’s efforts failed to yield results.
When HRW contacted Libya government imploring them to take action, local authorities stated that all murders were the result of Gaddafi regime’s “dictatorship” and that rebels were defending themselves. However, they failed to account for those evident executions.
Courtesy of rt.com


Horrors of War: US, UK Munitions ‘Cause Birth Defects in Iraq’...


Horrors of War: US, UK Munitions ‘Cause Birth Defects in Iraq’...

US and UK weapons ammunition were linked to heart defects, brain dysfunctions and malformed limbs, according to a recent study. The report revealed a shocking rise in birth defects in Iraqi children conceived after the US invasion.
Titled ‘Metal Contamination and the Epidemic of Congenital Birth Defects in Iraqi Cities,’ the study was published by the Bulletin of Environmental Contamination and Toxicology. It revealed a connection between military activity in the country and increased numbers of birth defects and miscarriages.
The report, which can be found here, also contains graphic images of Iraqi children born with birth defects. (The images were not published on RT due to their disturbing content.) It documents 56 families in Fallujah, which was invaded by US troops in 2004, and examines births in Basrah in southern Iraq, which was attacked by British forces in 2003.
The study concluded that US and UK ammunition is responsible for high rates of miscarriages, toxic levels of lead and mercury contamination and spiraling numbers of birth defects, which ranged from congenital heart defects to brain dysfunctions and malformed limbs.
Fallujah, around 40 miles west of Baghdad, was at the epicenter of these various health risks. The city was first invaded by US Marines in the spring of 2004, and then again 7 months later. Some of the heaviest artillery in the US arsenal was deployed during the attack, including phosphorus shells.

Shocking findings

Between 2007 and 2010 in Fallujah, more than half of all babies surveyed were born with birth defects. Before the war, this figure was around one in 10. Also, over 45 percent of all pregnancies surveyed ended in miscarriage in 2005 and 2006, compared to only 10 percent before the invasion.
In Basrah’s Maternity Hospital, more than 20 babies out of 1,000 were born with defects in 2003, 17 times higher than the figure recorded in the previous decade.
Overall, the study found that the number of babies in the region born with birth defects increased by more than 60 percent (37 out of every 1,000 are now born with defects) in the past seven years. This rise was linked to an increased exposure to metals released by the bombs and bullets used over the past decade.
Hair samples of the population of Fallujah revealed levels of lead in children with birth defects five times higher than in other children, and mercury levels six times higher. Basrah children with birth defects had three times more lead in their teeth than children living in areas not struck by the artillery.
The study found a "footprint of metal in the population,” Mozhgan Savabieasfahani, one of the lead authors of the report said. Savabieasfahani is an environmental toxicologist at the University of Michigan's School of Public Health.
"In utero exposure to pollutants can drastically change the outcome of an otherwise normal pregnancy. The metal levels we see in the Fallujah children with birth defects clearly indicates that metals were involved in manifestation of birth defects in these children," she said.
The study's preliminary findings, released in 2010, led to an in-depth inquiry on Fallujah by the World Health Organization (WHO), the results of which will be released next month. The inquiry is expected to show an increase in birth defects following the Iraq War.
According to the WHO, a pregnant woman can be exposed to lead or mercury through the air, water and soil. The woman can then pass the exposure to her unborn child through her bones, and high levels of toxins can damage kidneys and brains, and cause blindness, seizures, muteness, lack of coordination and even death.

US and UK 'unaware' of rise in birth defects

US Defense Department responded to the report by claiming that there are no official reports indicating a connection between military action and birth defects in Iraq.
"We are not aware of any official reports indicating an increase in birth defects in Al Basrah or Fallujah that may be related to exposure to the metals contained in munitions used by the US or coalition partners,” a US Defense Department spokesperson told the Independent. “We always take very seriously public health concerns about any population now living in a combat theatre. Unexploded ordnance, including improvised explosive devises, are a recognized hazard.”
An UK government spokesperson also said there was no "reliable scientific or medical evidence to confirm a link between conventional ammunition and birth defects in Basrah. All ammunition used by UK armed forces falls within international humanitarian law and is consistent with the Geneva Convention."
Courtesy of rt.com

NDAA Critic Stranded in Hawaii After Turning Up On No-Fly List...


NDAA Critic Stranded in Hawaii After Turning Up On No-Fly List...


Wade Hicks was en route to a US Navy base in Japan to see his wife when armed military guards informed him that they had other plans. Hicks, an American citizen with no criminal record, had just been put added to a federal no-fly list.
After being escorted off his plane during a routine re-fueling stop on the Pacific Island of Oahu, Hicks, 34, was left stranded in Hawaii this week. In an interview, he suggests that his opposition to a newly-created law that allows for the indefinite detention of US citizens at military prisons without charge or trial could be to blame for his mistreatment.
"I was very, very vocal about the National Defense Authorization Act (NDAA) and I did contact my representative”about it, Hicks tells talk show host Doug Hagmann. "I do believe that this is tied in some way to my free speech and my political view."
According to Hicks, he has little reason to believe otherwise. He tells Hagmann that he formerly worked as a contractor for the US Department of Defense and has undergone extensive background checks in order to obtain an enhanced license that allows him to carry a concealed firearm. Hicks says he also holds on to a special identification card issued by the Transportation Security Administration (TSA), the US Homeland Security Department sub-agency that administers pat-downs and screenings at airports across the country. An investigation carried out by Hagmann has led him to locating no criminal history for the man whatsoever.
In fact, the only “dirt” the host has managed to dig up on Hicks, he writes, is his occasionally vocal identification as an American patriot.
Hicks, says Hagmann, “appears to be a law abiding member of society.” He adds, however, that preliminary research has led him to link the man as being “an outspoken ‘patriot’” who is “openly critical of the NDAA,” a bill US President Barack Obama signed into law on December 31 despite openly acknowledging that he had “serious reservations” about provisions that allow the military to indefinitely detain anyone on mere suspicion of ties with terrorists. Hicks also tells the radio host that he is critical of the government’s handling of the September 11, 2001 terrorist attacks and says,“I think the evidence I've seen warrants a new investigation, and I'm very vocal about it as well,"
“He is a former talk-show host of a small, local radio station known for its ‘patriotic bias.’ He is a member of ‘Patriots for America’ and the Mississippi Preparedness Project. He is openly vocal about the erosion of our rights – and it certainly looks like he has been proven correct. Is that now a crime worthy of being denied the ability to travel freely within the United States?” Hagmann writes.
The Mississippi Preparedness Project, according to the group’s official website, strives “to encourage and train others to prepare for any situation, whether it be political or disruptions in the infrastructure and civil structure of the communities in which we live and work.”
“We intend to prepare and train for all foreseeable aspects of personal preparedness including Political, Basic and Emergency Medical, Food and Water Storage, Equipment, Local, State and Nationwide Communications, Personal, Home and Community Defense,” their mission statement continues.
Hicks’ incident occurred on October 14 when a military plane Hicks had boarded to visit his wife, a lieutenant in the US Navy, stopped in Oahu to refuel. Although he had no issues with gaining admittance to the aircraft during the first leg of his trip, things went amiss in Oahu.There two heavily-armed officers entered the plane and escorted him to a small interrogation room at a military base and told him that he had showed up on the US “no-fly” list, despite having boarded a flight earlier that day in San Francisco where he had been subjected to military-sanctioned security screenings reportedly more stringent than the TSA treatment. He was hoping to visit his wife of only eight months when the mishap unraveled.
"They have given me no reason. They just basically are telling me, 'You can't fly because we said so,'" Hicks tells Hagmann this week. "They didn't know how I even left Travis Air Force Base."
"I said, 'If I could find a way off the island, I could leave'? They said, 'Yes, as long as you don't fly.”
Hicks adds that he has since met with a Navy lawyer in Hawaii who attempted to resolve the case with so far no avail. He reports that the attorney reached out to US Immigration and Customs Enforcement hoping that the incident has been the result of a case of mistaken identity, but, "They said, 'No, we have the right person that is in our database. His social security [number] matches and his birth date matches.'"
"I have no idea how long I'm going to be stranded in Hawaii or if I'm going to be able to leave out of here on an aircraft,” Hicks adds. "Try to get back from Oahu . . . It's a long swim and it's a long boat ride.”
Courtesy of rt.com

Brazil-China to Sign $30 Billion Currency Swap Agreement Soon...

China and Russia Sign Deals Worth $15 Billion...


China and Russia Sign Deals Worth $15 Billion...

Courtesy of globalpost.com
China and Russia have signed a raft of contracts worth $15 billion, according to the Associated Press
Chinese Vice Premier Li Keqiang, speaking at a trade and investment forum in Moscow today, said officials had signed a number of agreements related to "transport, energy, communications, high technology and investment projects," said AP
More from GlobalPost: China GDP: The real number to watch
The 27 contracts signal a major boost in investment for the two powerful world economies, according to The Wall Street Journal
A deal to sell Russian natural gas to China harkens back to a 2006 agreement in which Gazprom, Russia's largest energy company, promised to supply the fuel via two pipelines. But the gas flow never began due to disagreements over pricing, and Sunday's deal also did not have "the crucial mechanisms needed for the actual trade to start," The New York Times wrote
The paper noted that Xinhua, China's state news agency, gave "few" details on the agreements and plans. 
Trade between China and Russia has increased by over 40% last year, reported WSJ, totalling some $12.6 billion in 2011. 
Li said one of their joint projects is the develpment of a long-distance passenger plane,said AP

Dollar no longer primary oil currency as China begins to sell oil using Yuan

Dollar no longer primary oil currency as 

China begins to sell oil using Yuan




Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."
On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S.dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.
"On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar. - Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11
This announcement by China is one of the most significant sea changes in the global economic and monetary systems, but was barely reported on due to its announcement taking place during the Democratic convention last week. The ramifications of this new action are vast, and could very well be the catalyst that brings down the dollar as the global reserve currency, and change the entire landscape of how the world purchases energy.
Ironically, since Sept. 6, the U.S. dollar has fallen from 81.467 on the index to today's price of 79.73. While analysts will focus on actions taking place in the Eurozone, and expected easing signals from the Federal Reserve on Thursday regarding the fall of the dollar, it is not coincidence that the dollar began to lose strength on the very day of China's announcement.
Since China is not a natural oil producing nation, the question most people will ask is how will the Asian economic power get enough oil to affect dollar hegemony? That question was also answered by Lindsey Williams when he pointed out a new trade agreement that was signed on Sept. 7 between China and Russia, in which the Russian Federation agreed to sell oil to China in any and all amounts they desired.
Lindsey Williams: "This has never happened in the history of crude oil. Since crude oil became the motivating force behind our (U.S.) entire economy, and everything in our lives revolves around crude oil. And since crude oil became the motivating factor behind our economy... never, ever has crude oil been sold, bought, traded, in any country in the world, without using the American dollar."
"Crude oil is the standard currency of the world. Not the Yen, not the Pound, not the Dollar. More money is transferred around the world in crude oil than in any other product."
"On Friday, Sept. 7, Russia announced, that as of today, we will supply China with all of the crude oil that they need, no matter how much they want... there is no limit. And Russia will not sell or trade this crude oil to China using the American dollar." -Interview with Natty Bumpo on the Just Measures Radio network, Sept. 11
These duo actions by the two most powerful adversaries of the U.S. economy and empire, have now joined in to make a move to attack the primary economic stronghold that keeps America as the most powerful economic superpower. Once the majority of the world begins to bypass the dollar, and purchase oil in other currencies, then the full weight of our debt and diminished manufacturing structure will come crashing down on the American people.
This new agreement between Russia and China also has serious ramifications in regards to Iran, and the rest of the Middle East. No longer will U.S. sanctions against Iran have a measurable affect, as the rogue nation can simply choose to sell its oil to China, and receive Yuan in return, and use that currency to trade for the necessary resources it needs to sustain its economy and nuclear programs.
The world changed last week, and there was nary a word spoken by Wall Street or by politicians who reveled in their own magnificence as this event took place during the party conventions. A major blow was done on Sept. 6 to the American empire, and to the power of the U.S. dollar as the world's reserve currency. And China, along with Russia, are now aiming to become the controllers of energy, and thus, controllers of a new petro-currency.
Courtesy of examiner.com