Nuclear Agreement With Iran — Paul Craig Roberts

Paul Craig Roberts

Washington’s issue with Iran has never been Iran’s nuclear energy program. The notion pushed by the neoconservatives that Iran only had a nuclear energy program (5% uranium enrichment) in order to hide a nuclear weapons program (95+% enrichment) was always a cover for Washington’s real opposition to Iran and Washington’s real agenda.

From the standpoint of Washington’s doctrine of US world hegemony, the problem with Iran is its independence. Like Iraq, Libya, Syria, Venezuela, Ecuador, Bolivia, Brazil, Argentina, Cuba, North Korea, Russia and China, Iran is not Washington’s vassal.

Washington was unwilling to admit the truth and to say that Iran was on its target list, because Iran would not submit to Washington’s will. Instead, Washington decided to create fear of Iran among the American and European peoples. Washington did this by accusing Iran of developing nuclear weapons that Iran would give to terrorists or use itself against Israel, Europe, and America. When Washington placed anti-ballistic missiles on Russia’s border, Washington lied to Russia that the purpose was to intercept (non-existent) Iranian nuclear ICBMs.

Washington’s propaganda about the threat of Iranian nukes is now many years old despite the National Intelligence Report released by all 16 US intelligent agencies that Iran abandoned more than a decade ago its interest in nuclear weapons. Washington’s propaganda has also continued with the aid of the Western media despite the fact that the International Atomic Energy Agency inspectors on the ground in Iran consistently report that there is no evidence of any diversion of enriched uranium to a weapons program. In other words, the IAEA inspectors can account for all of the enriched uranium by the perfectly legal energy program.

Nevertheless, Washington contends, Iran is making or is about to make nuclear weapons.

The nuclear weapons fabrication has always been a cloak for Washington’s real intention, which is to bring regime change to Iran, whether from outside or inside, and return Iran to its previous status of a vassal state of the West. The Western imperialists never forgive those who escape or throw off their clutches.

Washington orchestrated the “nuclear threat” issue in order to prepare Americans and Europeans for a military attack on Iran.

By cloaking its real intentions in a fabricated issue, Washington opened the door to Russia resolving the fabricated issue with diplomacy. Trapped in its own fabrication, Washington is confronted with Russia resolving the issue with enforceable agreements that guarantee no Iranian enrichment to weapons category.

Frustrated, the rabid neoconservatives acting through Washington’s two-bit punk politicians have tried to block the agreement. The Republican Party, now controlled by Israel, even asked the crazed leader of Israel to address the US Congress in order to block Obama’s agreement to the Iran deal.

To block the deal at this stage is to admit that the nuclear issue was never more than a cover for Washington’s objection to Iran’s independence.

Whether Obama is sincere, entrapped by Russian diplomacy, or relying on a false flag event to discredit Iran and thus nix the deal, I do not know. Israel, of course, wants Washington to remove all obstacles to its expansion in the Middle East. Having stolen Palestine, Israel wants southern Lebanon as its next acquisition.

What I do know is that as the nuclear deal with Iran is not the real issue, whether it succeeds or fails will have no impact, because Washington’s objection to Iran is Iran’s independence. Iran is in Washington’s way. The nuclear threat hoax that Washington created was just a propagandistic way to bring insouciant Americans and Europeans around to an attack on Iran.

Iran remains in danger regardless of the success or failure of the agreement.

I am amazed that governments threatened by Washington always fail to see the real issue and instead accept Washington’s definition of the problem. The contrived nuclear issue serves as a cloak for Washington’s intention to overthrow the independence of Iran; yet the Iranian government and Iranian media have followed the lead of Washington and its presstitutes in accepting this contrived issue as the real issue. If Iran survives, it will be a miracle.

Are Big Banks Using Derivatives To Suppress Bullion Prices?

Paul Craig Roberts and Dave Kranzler

We have explained on a number of occasions how the Federal Reserve’s agents, the bullion banks (principally JPMorganChase, HSBC, and Scotia) sell uncovered shorts (“naked shorts”) on the Comex (gold futures market) in order to drive down an otherwise rising price of gold. By dumping so many uncovered short contracts into the futures market, an artificial increase in “paper gold” is created, and this increase in supply drives down the price.

This manipulation works because the hedge funds, the main purchasers of the short contracts, do not intend to take delivery of the gold represented by the contracts, settling instead in cash. This means that the banks who sold the uncovered contracts are never at risk from their inability to cover contracts in gold. At any given time, the amount of gold represented by the paper gold contracts (“open interest’) can exceed the actual amount of physical gold available for delivery, a situation that does not occur in other futures markets.

In other words, the gold and silver futures markets are not a place where people buy and sell gold and silver. These markets are places where people speculate on price direction and where hedge funds use gold futures to hedge other bets according to the various mathematical formulas that they use. The fact that bullion prices are determined in this paper, speculative market, and not in real physical markets where people sell and acquire physical bullion, is the reason the bullion banks can drive down the price of gold and silver even though the demand for the physical metal is rising.

For example last Tuesday the US Mint announced that it was sold out of the American Eagle one ounce silver coin. It is a contradiction of the law of supply and demand that demand is high, supply is low, and the price is falling. Such an economic anomaly can only be explained by manipulation of prices in a market where supply can be created by printing paper contracts.

Obviously fraud and price manipulation are at work, but no heads roll. The Federal Reserve and US Treasury support this fraud and manipulation, because the suppression of precious metal prices protects the value and status of the US dollar as the world’s reserve currency and prevents gold and silver from fulfilling their role as the transmission mechanism that warns of developing financial and economic troubles. The suppression of the rising gold price suppresses the warning signal and permits the continuation of financial market bubbles and Washington’s ability to impose sanctions on other world powers that are disadvantaged by not being a reserve currency.

It has come to our attention that over-the-counter (OTC) derivatives also play a role in price suppression and simultaneously serve to provide long positions for the bullion banks that disguise their manipulation of prices in the futures market.

OTC derivatives are privately structured contracts created by the secretive large banks. They are a paper, or derivative, form of an underlying financial instrument or commodity. Little is known about them. Brooksley Born, the head of the Commodity Futures Trading Corporation (CFTC) during the Clinton regime said, correctly, that the derivatives needed to be regulated. However, Federal Reserve Chairman Alan Greenspan, Treasury Secretary and Deputy Secretary Robert Rubin and Lawrence Summers, and Securities and Exchange Commission (SEC) chairman Arthur Levitt, all de facto agents of the big banks, convinced Congress to prevent the CFTC from regulating OTC derivatives.

The absence of regulation means that information is not available that would indicate the purposes for which the banks use these derivatives. When JPMorgan was investigated for its short silver position on Comex, the bank convinced the CFTC that its short position on Comex was a hedge against a long position via OTC derivatives. In other words, JPMorgan used its OTC derivatives to shield its attack on the silver price in the futures market.

During 2015 the attack on bullion prices has intensified, driving the prices lower than they have been for years. During the first quarter of this year there was a huge upward spike in the quantity of precious metal derivatives.

If these were long positions hedging the banks’ Comex shorts, why did the price of gold and silver decline?

More evidence of manipulation comes from the continuing fall in the prices of gold and silver as set in paper future markets, although demand for the physical metals continues to rise even to the point that the US Mint has run out of silver coins to sell. Uncertainties arising from the Greek No vote increase systemic uncertainty. The normal response would be rising, not falling, bullion prices.

The circumstantial evidence is that the unregulated OTC derivatives in gold and silver are not really hedges to short positions in Comex but are themselves structured as an additional attack on precious metal prices.

If this supposition is correct, it indicates that seven years of bailing out the big banks that control the Federal Reserve and US Treasury at the expense of the US economy has threatened the US dollar to the extent that the dollar must be protected at all cost, including US regulatory tolerance of illegal activity to suppress gold and silver prices.

Pentagon Concludes America Not Safe Unless It Conquers The World — Paul Craig Roberts

The Pentagon has released its “National Military Strategy of the United States of America 2015,” June 2015. http://news.usni.org/2015/07/02/document-2015-u-s-national-military-strategy
The document announces a shift in focus from terrorists to “state actors” that “are challenging international norms.” It is important to understand what these words mean. Governments that challenge international norms are sovereign countries that pursue policies independently of Washington’s policies. These “revisionist states” are threats, not because they plan to attack the US, which the Pentagon admits neither Russia nor China intend, but because they are independent. In other words, the norm is dependence on Washington.

Be sure to grasp the point: The threat is the existence of sovereign states, whose independence of action makes them “revisionist states.” In other words, their independence is out of step with the neoconservative Uni-power doctrine that declares independence to be the right of Washington alone. Washington’s History-given hegemony precludes any other country being independent in its actions.

The Pentagon’s report defines the foremost “revisionist states” as Russia, China, North Korea, and Iran. The focus is primarily on Russia.Washington hopes to co-op China, despite the “tension to the Asia-Pacific region” that China’s defense of its sphere of influence, a defense “inconsistent with international law” (this from Washington, the great violator of international law), by turning over what remains of the American consumer market to China. It is not yet certain that Iran has escaped the fate that Washington imposed on Iraq, Afghanistan, Libya, Syria, Somalia, Yemen, Pakistan, Ukraine, and by complicity Palestine.

The Pentagon report is sufficiently audacious in its hypocrisy, as all statements from Washington are, to declare that Washington and its vassals “support the established institutions and processes dedicated to preventing conflict, respecting sovereignty, and furthering human rights.” This from the military of a government that has invaded, bombed, and overthrown 11 governments since the Clinton regime and is currently working to overthrow governments in Armenia, Kyrgyzstan, Ecuador, Venezuela, Bolivia, Brazil, and Argentina.

In the Pentagon document, Russia is under fire for not acting “in accordance with international norms,” which means Russia is not following Washington’s leadership.

In other words, this is a bullshit report written by neocons in order to foment war with Russia.

Nothing else can be said about the Pentagon report, which justifies war and more war. Without war and conquests, Americans are not safe.

Washington’s view toward Russia is the same as Cato the Elder’s view toward Carthage. Cato the Elder finished his every speech on any subject in the Roman Senate with the statement “Carthage must be destroyed.”

This report tells us that war with Russia is our future unless Russia agrees to become a vassal state like every country in Europe, and Canada, Australia, Ukraine, and Japan. Otherwise, the neoconservatives have decided that it is impossible for Americans to tolerate living with a country that makes decisions independently of Washington. If American cannot be The Uni-Power dictating to the world, better that we are all dead. At least that will show the Russians.