Bush plunges U.S. into rapid decline

“This war will end from its own inevitable evolution, even without anti-war demonstrations. It will not be a happy end. There is yet no discernible exit strategy for the US. After this war, the world will have no superpower, albeit the US will remain strong both economically and militarily.”

Saudi Arabia is the number one oil exporter. Having severed its military alliance with the U.S., the Saudi royal family may be ready to drop the other shoe. “The Saudi Crown Prince [Abdullah Bin Abdul Aziz Al-Saud]’s visit to Russia was of great significance and the regime is talking about closer cooperation with LUKoil and other Russian companies,” says Council on Foreign Relations oil analyst Youssef Ibrahim.

No nation is eager to upset the global currency regime. (“We do not want to hurt prices on the market,” President Putin was quick to add, at his Urals press conference.) The Saudi princes, who value their dollar-denominated wealth more highly than the teachings of Wahhabi Islam, are by inclination among the least likely candidates to lead an OPEC euro-shift. Yet relentless pressures from Ariel Sharon’s Israel, its lobbyists and allies on Capitol Hill, and from the Likkud group within the Bush administration, have pushed the Saudis closer to the breakpoint. If Russia goes euro, they will likely follow – sooner, if there is one more military outrage against a sovereign Arab state. (In that sense, the fate of the dollar may be in Sharon’s hands.)

Iran, the world’s fifth largest oil exporter, would go euro in an instant, once it saw others headed for the door. Venezuela’s President Hugo Chavez relishes the idea. His nation exports about as much oil as Iran.

Muslim Indonesia, the oil giant of the Pacific with huge contracts to supply the Chinese, actively debates the merits of the euro. In an April 17 report filed by Bloomberg’s Tokyo bureau (“Indonesia May Dump Dollar; Rest of Asia, Too?”), Indonesian Vice President Hamzah Haz was quoted: “One thing is for sure, the adoption of the euro as an alternative means of payments could be an effective solution to speculative dollar-oriented dealings.”

Rule by idiots

Iraq – the invasion and resistance – has worked a sea change in global relations. History is galloping ahead of every scenario that could have been envisioned before the Bush Pirates set out on their hegemonic mission. However, the scheming fools at the Project for a New American Century must be given their due; only the most monumental stupidity, arrogance and willful ignorance could have set the reigning superpower on such a calamitous course toward political isolation, economic instability, and shrinking relevance to the designs of mankind.

Saddam Hussein began trading Iraqi oil in euros in November 2000. “This was another reason [why the U.S. attacked],” said analyst Ibrahim in his Moscow Times interview. “There is a great political dimension to this. Slowly more power and muscle is moving from the United States to the EU, and that’s mainly because of what happened in Iraq.”

The Bush men also saw the Iraq invasion as a world-remaking, catalytic event. They destroyed Iraq’s infrastructure, so that corporate cronies could reap billions “reconstructing” the nation along the Houston model, as a base for further penetration of the Middle East and Central Asia. The unraveling came quickly. Now, even the handpicked, non-governing Iraqi Governing Council looks forward to voiding the criminally exorbitant reconstruction contracts imposed by the occupation authorities. George Bush “has signed many papers,” said Ammar Abdul Aziz, son of prominent Shi’ite Council member Abdul Aziz al-Hakim. “But one day the occupiers will leave. The Iraqi people will not allow any of these contracts.” (See “A Shi’ite Warning to America,” Asia Times, October 11.)

Having painfully experienced America’s way of doing business, a sovereign Iraq could be expected to join the euro-rush.

Renowned political journalist and author Tariq Ali, speaking on Democracy Now! October 10, peers through the Iraqi end of the tunnel: “The big thing will happen when the Shi’ite groups in the south of Iraq decide enough is enough and join the resistance and, when they do, it really will be the beginning of the end. There’s no way they can carry on.”

The inevitable collapse of the U.S. occupation and the looming shift to the euro will dictate the broad outlines of world affairs in the near term, and dramatically impact conditions of life in the United States.

Journalist Sydney Schanberg, writing in the current issue of the the Village Voice, wonders what happened to the Pentagon’s seven-nation, five-year Middle East-North Africa war campaign – the plan Wesley Clark learned of in November, 2001, but didn’t get around to telling the public about until publication of his latest book, last month. (See , “Wesley Clark: Dishonest to the Core, and Probably Nuts,” October 9.) “How far has the White House taken this plan?” asks Schanberg. “And how long can the president keep the nation in the dark, emerging from his White House cocoon only to speak to us in slogans and the sterile language of pep rallies?”

The Project for a New American Century folks are still in charge, Condoleezza Rice’s new duties, notwithstanding. It is their plan that has plunged the U.S. into premature and precipitous decline, and presents a catastrophic threat to the dollar.

On April 3, before the taking of Baghdad, we wrote of the predictable consequences of the Iraq invasion: