BusinessDaily.eu – By Mikkel Roland Egesberg – Start by reading this one: US twin deficits and seigniorage. Some claim the US invasion of Iraq was about Weapons of Mass destruction (WMD’s), and we all remember how the US claimed in the UN (United Nations) that Iraq had anthrax, and planned to use it on pretty much everyone. Colin Powell showed a sample of anthrax in the UN, which you can see above:
Further more the US showed pictures of how Iraq had mobile Chemical labs,
and other chemical labs:
We all know how this ended, unfortuatnely Secretary of State Colin Powell was made a fool of, probably by the neocons, since no Weapons of mass destruction seems to have been found in Iraq…even Bush admits this:
But here whats’s it was about, Monetary policy. It was a war to stop the Organization of Petroleum Exporting Countries (OPEC) from trading in Euros. The US has a large trade deficit, which you can see below for each month (remember you must multiply this by 12 to get yearly numbers):
The US may have a trade deficit and has had so for many decades, but countries still demand US dollars to buy oil for their economies. Since oil is traded in Us dollars, all countries needs US dollars to buy oil for the economy, and this meant the US could print lots of dollars, and the world would exchange their goods for newly printed US dollars. As more countries use the US dollars (dollarization) the more US dollars the US FED can print for free. For a long time OPEC’s “petro dollars” went back into the US economy, but Saddam had started trading his oil in Euros, and USA had to make an example of him, so the rest of OPEC did not get good ideas…after the US invasion of Iraq, Iraq was flooded with cash in dollars, which had been siezed from Iraq:
source CNN: Bills weighing a total of 363 tons were loaded onto military aircraft in the largest cash shipments ever made by the Federal Reserve, said Rep. Henry Waxman, chairman of the House Committee on Oversight and Government Reform. (Watch Democrats put the former top U.S. official in Iraq on the spot. “who in their right mind would send 363 tons of cash into a war zone? But that’s exactly what our government did,” the California Democrat said during a hearing reviewing possible waste, fraud and abuse of funds in Iraq.
Lately the US has run short of money, read: and has been printing 85 billion USD a month , which is what economists call “seignorage”. The World seems to have been demanding less US dollars, which has resulted in rising rates on US treasuries. For some stupid reason, a war normally make investors put their money in US dollars, since they believe it’s a safe heaven. Some of this money flows into stocks and bonds, meaning higher stocks prices for investors, and lower borrowing costs for US treasury bonds. And a war is of course good money for US defense firms and other companies in the US e.g.
halliburton where former U.S. Vice President Cheney became Halliburton CEO in 1995 had been vice president since 1995, but this is bad news for US families and the average Joe, which lost more than 4000 lives.
Now the US had almost declared war against Syria, based on new US intelligence showing Chemical weapons in there….was the US right this time? Perhaps, perhaps not, but Syria would be a good spot for bases, and missile defense system
The Strategic Defense Initiative (SDI) was proposed by U.S. President Ronald Reagan to use ground-based and space-based systems to protectvagainst strategic nuclear ballistic missiles., but the Defense Initiative risked starting a new war, Since it would destroy “MAD” state, Mutual assured destruction, a doctrine that says nobody can use nuclear weapons, Since it would lead to total nuclear war, but if One party has a missile shield, there is nothing preventing them from starting a new big war. Also it would create more Dollarization, and US would once again had had lower interest rates on bonds. Had the US declared war in Syria and bombed it, Russia and more countries such as China, India, could have joined Syria, leading to a bigger war. This would have poisoned Europe with depleted Uranium (Depleted uranium is a dense metal produced as a by-product of enrichment of natural uranium for nuclear fuel. It is still radioactive, but at a much lower level than the starting material. It is used in armour-piercing shells and bombs, to give them more penetrating power. Such munitions were used in both Gulf Wars and in Serbia and Kosovo. A syrian war would poison all near by, here is why: U.S. Weapons Poison Europe,
High levels of depleted uranium (DU) have been measured in the atmosphere in Britain, transported on air currents from the Middle East and Central Asia. Scientists cited the U.S. bombing of Tora Bora, Afghanistan in 2001 and the “Shock and Awe” bombing during Gulf War II in Iraq in 2003 as one of the main reasons.
First Iraq, Afghanistan, then Syria and we all know Iran has been labeled a member of what the US propaganda machine (study operation paperclip) calls the “axis of evil” …A new war in Syria could have ended in world war 3…” …this is from state of the union around febrary 2013, do watch from 0.55 to 1.25
Now how does that correspond to this:
U.S. President Barack Obama receiving the 2009 Nobel Peace Prize…