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Thursday, January 19, 2012

William Engdahl: "Why Washington Wants ‘Finito’ with Putin"

A MUST READ........read more from engdahl oilgeopolitics....

"Russia today, in tandem with China and to a significant degree Iran, form the spine, however
shaky, of the only effective global axis of resistance to a world dominated by one sole superpower.


The United States today is a de facto bankrupt nuclear superpower.  The reserve currency role of
the dollar is being challenged as never since Bretton Woods in 1944. That role along with
maintaining the United States as the world’s unchallenged military power have been the basis of
the American Century hegemony since 1945.


The primary reason Washington launched a full-scale currency war against the Euro in late 2009 was to preempt a growing threat
that China and others would turn away from the dollar to the Euro as reserve currency. That is no
small matter. In effect Washington finances its foreign wars in Iraq, Afghanistan, Syria, Libya and
elsewhere through the fact that China and other trade surplus nations invest their surplus trade
dollars in US government Treasury debt. Were that to shift significantly, US interest rates would
rise substantially and the financial pressures on Washington would become immense.

Faced with growing erosion of her unchallenged global status as sole superpower, Washington
appears now to be turning increasingly to raw military force to hold that. For that to succeed
Russia must be neutralized along with China and Iran. This will be the prime agenda of whoever is
next US President."   


http://www.engdahl.oilgeopolitics.net/index.html

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