Norie Huddle Interview with Buckminster Fuller – Spring 1981

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At eighty-five years of age Buckminster Fuller was considered by many to be one of the creative geniuses of our times. Inventor of the geodesic dome, Fuller developed a powerful scientifically based view of the underlying principles of the universe and the geometry of thinking. His recent book, Critical Path, is a penetrating analysis of the historical trends and powerful forces of politics, economics, and ideas which have led us to our current situation, as well as a blueprint for going on to the next stage of human evolution. Dr. Fuller was well known for the World Games, an annual series of simulations for solving world problems.

Humanity is moving ever deeper into a crisis which has no precedent. It is a crisis brought about by evolution being intent on completely integrating differently colored, differently cultured, and intercommunicating humanity, and by evolution being intent on making integrated humanity able to live sustainedly at a higher standard of living for all than has ever been experienced by any. Probably ninety-nine percent of humanity does not know that we have the option to make it ; we do. It can only be accomplished, however, through a Design Science Revolution.

Those in supreme power, politically and economically, aren’t yet convinced that our Planet Earth has anywhere nearly enough life support for all humanity.
They assume it has to be either you or me, that there is not enough for both. Those with financial advantage reason that selfishness is necessary and fortify themselves even further. That’s why the annual military expenditures of the USSR, representing socialism, and the U.S., representing private enterprise, have averaged over two hundred billion dollars. This makes a total so far, of six trillion, four hundred billion dollars to develop the ability to kill the most people at the greatest distance in the shortest amount of time.

Neither the great political or financial powers of the world nor the population in general realize that the engineering-chemical-electronic revolution now makes it possible to produce many more technical devices with ever less material. We can now take care of everybody at a higher standard of living than anybody has ever known. It does not have to be “you or me,” so selfishness is unnecessary and war is obsolete. This has never been done before. Only twelve years ago technology reached the point where this could be done. Since then it has made it ever so much easier to do. With the highest aerodynamic engineering facilities in the world redirected from weapons-delivery production, all humanity now has the option of becoming enduringly successful. The capability has come through the continual dealing with the invisible world of electronics, of alloys. But you have to know what you are doing.

Weighing only fifty-five pounds, with a wing span of a hundred ninety-six feet, the human-powered Gossamer Albatross was able to fly across the English Channel because the structure of the materials with which it was built had enormous tensile strength, sixty times stronger per unit of weight than the strongest structural material available to Leonardo da Vinci. This enabled us to finally realize the design of his human-powered flying machine. To give another example, a quarter-ton communications satellite is now outperforming the message carrying capacity and transmission fidelity of one hundred seventy-five thousand tons of transatlantic copper cables. Human-powered pedal airplanes and communications satellites are only two of the hundreds of thousands of examples of technologies which can now accomplish much greater performance with much less material. You have to understand this. This is not a visible revolution and it is not political . You’re dealing with the invisible world of technology.

Politics is absolutely hopeless. That’s why everything has gone wrong. You have ninety-nine percent of the people thinking “politics,” and hollering and yelling. And that won’t get you anywhere. Hollering and yelling won’t get you across the English Channel. It won’t reach from continent to continent; you need electronics for that, and you have to know what you’re doing. Evolution has been at work doing all these things so it is now possible. Nobody has consciously been doing it. The universe is a lot bigger than you and me. We didn’t invent it. If you take all the machinery in the world and dump it in the ocean, within months more than half of all humanity will die and within another six months they’d almost all be gone; if you took all the politicians in the world, put them in a rocket, and sent them to the moon, everyone would get along fine.

There is more recognition now that things are changing, but not because there is a political move to do it. It is simply a result of the information being there. Our survival won’t depend on political or economic systems. It’s going to depend on the courage of the individual to speak the truth, and to speak it lovingly and not destructively. It’s saying what you really know and feel is the truth, in all directions. Our greatest vulnerability lies in the amount of misinformation and misconditioning of humanity. I’ve found the educations systems are full of it. You have to examine each word and ask yourself, ” Is that the right word for that?”- the integrity and the courage of the individual to speak his own truth and not to go along with the crowd, yet not making others seem ignorant. After a while, if enough human beings are doing it, then everybody will start going in the right direction.

Most of this change is going on invisibly, technologically. Take all of the people working with computers; we don’t really know all that’s going on. By the time something gets into the newspaper it’s often ten years old. There’s something enormous going on. It means housecleaning all around the world, getting rid of the misinformation that we’re all exposed to. It’s a daring attitude that you can’t let up. You have to do it twenty-four hours a day. For example, almost all of academic science is today operating on mathematical systems the universe is not using. Academic science doesn’t know what it’s talking about. AT times when I’ve been invited to speak to important scientific bodies I’ve asked any scientist in that audience who does not see the sun going down in the evening to please raise his or her hand: no one did. I said “For five hundred years we’ve known that the sun is not going to go down. There is no such thing as ‘down.’ The sun’s not doing anything – the earth obscures the sun.” But what are we doing about this kind of error? Nothing.

We’re not just dealing in willingness. Humanity has to qualify to survive. You have to have some confidence. We’re all born naked, with no external equipment and no experience. Therefor we’re terribly ignorant. We’re hungry and thirsy, driven to find food by trial and error. So we’re designed to live by trial and error. Don’t worry about making mistakes. Study your mistakes; admit them, study them, and be terribly excited about them too. If this isn’t true, what is true?

As for weapons, there’s no sense in weapons. But we have had to learn by making mistakes. If I thought ” There’s not enough to go around,” then I have to say, “How come God put me here?” and “Maybe I have to do away with you because there’s not enough to go around.” My responsibility is to me. I could under those circumstances rationalize my response selfishly. I could say, “My family is a little more devout than other families; my family is better than yours.” That’s the kind of rationalization we’ve been doing. I find that through a proper understanding of the basic principles of the universe there is ample to go around. I know this is so, not intuitively but by actual knowledge of the figures involved. So we come back to the question of the weapons: weapons are invalid if there is enough life support to go around. Since there is ample to go around, I don’t talk about weapons because they are obsolete tools.

Now as far as using atomic energy, I say, “Nature has already given us all we need – which is the sun.” Big government, big business, and big religion don’t see any way to put a meter between the people and the sun, so they don’t do anything serious about developing solar energy. These organizations are predicated on people not having enough to go around and they still have to have big money to survive. All ideas coming from these organizations are based on the idea of humanity’s being a failure and that everyone should be in pain and suffering. Their business is “Come down and get a turkey dinner from us and we’ll get you into heaven.” There is enough to go around, but the church is not interested in that because it would put them out of business. The Roman Catholic church, for example, is terribly rich. They have an enormous amount of real estate all around the world. Big businesses too are at the top of the heap. They’d all have to go out of business if humanity is a success. There’s a built-in resistance to letting humanity be a success. Each one claims that their system is the best one for coping with inadequacy. We have to make them all obsolete. We need to find within technology that there is something we can do which is capable of taking care of everybody, and to demonstrate that this is so. That’s what geodesic domes are about and that’s what my whole life has been about.

 

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As Predicted in My New Book! The Deal’s Off: Donald Trump Leaves Early As Kim Refuses to Surrender Nukes!

Great call Lada! Kim is smart enough to learn from history, if he wants to preserve his country.

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Watch video: The Deal is Off! Donald Trump Leaves the Table Early As Kim Refuses to Surrender Nukes!

The calibrations in my new book: Geopolitical & Geo-Economic Quantum Calibrations have predicted all this!

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Is Neoliberalism Killing Russia?

By Paul Craig Roberts and Michael Hudson

March 01, 2019 “Information Clearing House” –  I have learned from Andrei Martyanov thatsouthfront.org’s report misinterprets the Russian VCIOM poll.  The poll asked who is the most trusted politician in Russia.  Putin was first according to 32.6% of respondents , Shoigu with 15.6% of respondents, and Lavrov with 13.2% of respondents.  These percentages are not approval ratings of the individuals. The percentages represent the share of the respondents who chose them as the most trusted politician.

If you add these percentages, it shows that overall the three most trusted politicians account for 61.4% of the respondants.  As these three individuals are the most visible members of the Russian government, obviously there is high confidence in the government.

Although Putin’s approval rating has been hurt by the “pension reform” and value added tax, his approval rating has declined but is still high.

With this correction, we have decided to leave the article up for now as the article is about the damage done to Russia by neoliberal economics.  Our title is “Is Neoliberalism Killing Russia?” and not is “Putin’s Approval Rating Killing Russia?”

We might edit the article and repost it in order to correct the southfront misinterpretation of the poll.

Is Neoliberlism Killing Russia?

By Paul Craig Roberts and Michael Hudson

Southfront.org reports that according to polls by VCIOM, a state pollster, the Russian public’s confidence in Putin, prime minister Dmitry Medvedev and the Russian cabinet has dramatically declined over the past year.  https://southfront.org/internal-political-crisis-russia/

The decline is related to domestic, not foreign, policy.  Apparently, the public perceives recent Kremlin economic policy as a continuation of the disastrous policies that Washington imposed on Russia in the 1990s when Russia was loaded up with foreign debt while state assets were privatized and plundered by oligarchs sponsored by the West who “cashed out” by selling the assets to foreigners.

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Russia’s stock market became the darling of the West in the mid-1990s as underpriced mining, oil and infrastructure were sold for a fraction of their value to foreigners, thus transferring Russian income streams abroad instead of leaving the income to be invested in Russia. In effect, Russians were told that the way for their country to get rich was to let kleptocrats, oligarchs, and their U.S. and British stock brokers make hundreds of billions of dollars by privatizing Russia’s public domain.

Washington took advantage of the gullible and trusting Yeltsin government to do as much political and economic damage as possible to Russia. The country was torn apart.  Historic parts of Russia such as Ukraine were split off into separate countries.  Washington even insisted that Crimera, long a part of Russia and the country’s warm water port, was retained by Ukraine when the Soviet Union was dismembered.

The approval rating of Putin and the Medvedev government dropped sharply in response to the recent increases in the retirement age and value added tax. The former raised concerns about pension security and reminded Russians of the collapse of Soviet pensions.  The latter reduced consumer disposable income and lowered consumer demand and the economic growth rate. These policies represent austerity imposed on the domestic population instead of on foreign creditors and reflect the neoliberal view that austerity leads to prosperity.  The US sanctions give Russians every reason not to repay their foreign loans; yet Russians continue to enable their own exploitation by foreigners, as neoliberal economists have told them that there is no alternative.

Russia is experiencing capital outflows due to the Russian private sector’s repayment of loans to Western creditors. Russia has experienced over $25 billion a year of capital outflows since the early 1990s, accumulating to over a trillion dollars. This money could have been invested in Russia itself to raise the productivity and living standards of its citizens. The outflow puts the ruble under pressure, and the interest payments draw money out of the country away from Russian uses.  If it were not for these outflows, the value of the ruble and Russian wages would be higher.

Russia’s economic problems are due to the looting of the country during the Yeltsin years, to the imposition of neoliberal economics by the Americans, and to financialization as a result of the privatizations.

People’s savings (called the “overhang”) were wiped out with hyperinflation. Privatization was not accompanied by new investment. The economy was not industrialized, but financialized. The proceeds from privatization were deposited by the Russian government in private banks where the money was used to privatize more Russian assets. The banking system thus served to finance the transfer of ownership, not to fund new investment, and the proceeds were transferred abroad. Russia was turned into a financial colony in which proconsuls created wealth at the top.

Today privatization continues in the de facto privatization of public assets, such as charging fees for use of federal highways.  As the Russian economic profession has been brainwashed by the Americans, the country is devoid of economic leadership.

We have pointed out on more than one occasion that it is nonsensical for Russia to indebt itself by borrowing abroad in order to finance investments. The Russians were sold a bill of goods that the central bank cannot issue rubles unless the rubles are backed by dollars.  This advice served to prevent Russia from using its own central bank to fund public infrastructure and private investment projects by issuing rubles.  In other words, Russia might as well not have a central bank.

Apparently, Russian economists do not understand that Russia does not spend borrowed foreign currencies inside Russia.  If Russia takes a foreign loan, the borrowed money goes into central bank reserves. The central bank then issues the ruble equivalent to be spent on the project, and the cost of the project goes up by the pointless interest paid to the foreign lender.

As far as we can tell, the Institute of Economics of the Russian Academy of Sciences is so brainwashed by neoliberal economics that their minds are closed to correct policies.  The failure of Russian economic leadership imposes far more costs on the Russian economy than do Washington’s sanctions.

Southfront’s report says that the Russian government has failed to explain its economic policy to the public.  Perhaps the reason is that the public, unlike the economists, has not been brainwashed and will see through the nonsensical explanations.

Apparently there is also no intellectual leadership.  Although Putin is a leader and has a sense of Russian purpose, many officials use their office not in service to Russia but in service to their own wealth, much of which is held abroad.  Corruption and embezzlement seem to be the purpose of many office holders.  Scandals abound among members of government and reflect badly on Putin and Medvedev.

The Russian government’s popularity was at a peak when the government showed it had the intelligence and will to reincorporate Crimea into Russia.  However, the Russian government, hoping to reassure Washington and Europe, refused the requests of the Luhansk and Donetsk republics to be reincorporated into Russia.  Russian nationalists, the majority of the population, saw this as kowtowing to the West.  Moreover, this mistake by the Russian government has resulted in Ukraine’s ongoing military assault on the breakaway republics and to the arming of Ukraine by the West.  Instead of acting decisively, the Russian government enabled the continuation of conflict that can be exploited by Washington.  The Russian people understand this even if the government does not.

By failing to show firmness, the Russian government encourages the crony system of oligarchs who want a government that they can use for their narrow interests. Their interests include participating in the system of Western plunder known as “globalism.” These client elites of the West oppose a powerful Russian state that could assert itself on the world stage and offer an alternative policy to the West’s policy of plunder.  The influence of this narrow interest group on government policy indicates that the Russian government is compromised.

Putin is trying to break free of the West’s grip by directing Russia’s economic orientation to the East.  His effort is helped by the American sanctions.  But Russia remains sufficiently mired in the Western system to be vulnerable to sanctions and is only slowly extracting itself.  To be part of the West has been an important goal since Peter the First and Catherine the Great, and the Russian Atlanticist Integrationists cannot let go of the ancient goal.  This goal no longer makes sense. Not only does it imply Russian vassalage, but also Europe is no longer the center of power.  The East is rising, and China is the center and will be until the Chinese destroy themselves by copying the Western neoliberal policy of financializing the economy.

Various aspects of Russia’s difficulties and transformation into a power with a foot in both West and East are discussed by commentators.  What goes unacknowledged is that Russian economic policy is constrained—indeed, crippled—by the neoliberal brainwashing given to Russian economists by the Americans in the 1990s.  Consequently, Russia is enfeebled by an economic policy that encourages privatization and foreign ownership, and by financialization of economic rents, that is, of income streams that do not result from productive investment but from such factors as location and rise in value due to public infrastructure development, such as a road built across a property. In a financialized economy credit is used to transfer property ownership instead of to finance new plant and equipment and construction of infrastructure.

The Russian government and central bank have been blinded to the fact that Russian infrastructure projects and private investment are not dependent on borrowing dollars abroad or by acquiring dollars by selling Russian assets to foreigners. Such projects can be financed by ruble creation by the Russian central bank.  Money that flows into productive projects that raise output is not inflationary.  Generally speaking, such projects lower costs.

For Russia to succeed, Russia needs an economic re-education and a government that finds its footing in Russian nationalism and discourages Western provocations with firmer responses.

It is our view that the Western world, indeed all of life, has an interest in a Russia too strong to be attacked or provoked as a strong Russia is the only way to curtail the Western aggression that is leading to nuclear war.

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts’ latest books are The Failure of Laissez Faire Capitalism and Economic Dissolution of the WestHow America Was Lost, and The Neoconservative Threat to World Order.

Michael Hudson is an American economist, Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College, former Wall Street analyst, political consultant, commentator and journalist. https://michael-hudson.com/

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 The views expressed in this article are solely those of the author and do not necessarily reflect the opinions of Information Clearing House.

Dollar Hegemony, Again

By Michael Doliner

March 01, 2019 “Information Clearing House” – The United States Entity lost the war in Iraq. That fact determines the Entity’s position in the Middle East today. After having destroyed Saddam’s army and dispossessing the Sunnis in favor of the Shi’ites, after Abu Ghraib and it’s indelible pictures, after the total destruction of Fallujah, in short after a victory achieved with the utmost brutality, contempt and humiliation of Iraq and Iraqis, the Entity was in charge. Then the “insurgents” appeared. They put improvised explosive devices along the roads so, with a phone call, they could destroy patrols of the Entity. They made car bombs so that every vehicle approaching a check-point might spell doom. They donned suicide vests to blow themselves and any nearby Entity soldiers up. Entity soldiers couldn’t go into the streets. Every move they made could be their last. The enemy was everywhere and nowhere. These people would rather die then be ruled by these idiotic mechanized barbarians. Everything seemed peaceful, but at any moment, out of nowhere, they could be blown to pieces. That kind of thing wears on you. Their patrols, pointless bouts of Russian roulette, ended up as parked “search and avoid” missions. Life went on without the clanking monsters. Entity bases were like Kaposi sarcoma in AIDS patients. The Entity’s attempts at reconstruction were comically inept – roads to nowhere and chicken processing plants for chickens no one wanted. In short the Entity’s occupation of Iraq after the victory, other than being a disaster of comical incompetence, was non-existent. Muqtada Al-Sadr, the Shi’ite cleric, had much more power than the Entity. Eventually Iraq rejected the Entity’s status of forces agreement (SOFA). In other words the Iraqi puppets the Entity had installed unceremoniously kicked the Entity out of the country.

Until that time the Entity had been running a protection racket in the Middle East. But after the loss of Iraq these threats seemed a lot less plausible. The game was: oil had to be sold in dollars. Know as Dollar Hegemony, this racket allowed the Entity to print money. Oil backed the dollar just as gold once had. Governments had to maintain large supplies of dollars to protect against “emergencies,” that is, dollar shortages during speculative attacks on their currencies. “To prevent speculative and manipulative attacks on their currencies, the world’s central banks must acquire and hold dollar reserves in corresponding amounts to their currencies in circulation.” The Entity enforced dollar hegemony with military threats. One of the most important reasons for the Entity’s attack on Iraq was Saddam’s abandoning of dollar hegemony. He had begun to sell oil in euros. The Entity had to stop that. It invaded, and as soon as it was victorious, reversed that policy. Dollar hegemony restored. But the loss in Iraq revealed The Entity’s protection racket as a bluff. It’s threats were suddenly unconvincing.

Pressed by Entity sanctions, Iran began to sell oil for other currencies after 2007. The Entity was not going to invade Iran! A look at the map reveals just what a catastrophe that would be. As soon as hostilities started, even before a shot was fired, no one would insure tankers going through the Straits of Hormuz, and the tanker owners would not send them through without insurance. Twenty percent of the world’s supply of oil would disappear with no more military action than the commencement of hostilities. The world economy would tank, and this time fall into chaos. There was no way the Entity could even think about occupying Iran after the debacle in Iraq. And there was no way to protect The Entity fleet in Bahrain. They would be sitting ducks anywhere in the Persian Gulf. If they were destroyed the Entity would lose unless it launched nuclear weapons. World War III would be on. Only madmen would even consider doing this.

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The Entity had abused dollar hegemony over the years by simply printing dollars. The Entity ran huge trade deficits every year. China, Japan and all other countries had had to keep reserves of dollars if they were to purchase oil and protect their currencies. These were like never- having-to-be-repaid loans to the Entity. If other currencies could be used they would dump these reserves because the only thing preventing inflation of these dollars had been dollar hegemony, backing the dollar with oil. Iran doing business in non-dollar currencies is like a leak in a dike.

Russia, China, India and Japan are now unloading dollars carefully, so as not to cause a panic. But they are steadily unloading them. They see dollar hegemony disappearing. Naturally, Saudi Arabia sees what is happening, and is not that enamored of the dollar either. As long as they thought the Entity protected them from Iran and, of course, from the Entity itself, they went along with it. Now the Entity is impotent to enforce dollar hegemony. The dollars the Saudis take for their oil today will be worth a whole lot less tomorrow if dollar hegemony ends. They are wavering, especially after Trump scolded them for murdering Kashoggi. Naughty, naughty MBS. They know the Entity cannot protect them from Iran, and they are panicking.

The Entity’s hive mind, for it’s part, refuses to accept the Iraq failure as having revealed its weakness. It still wants to maintain dollar hegemony and its protection racket. The end of dollar hegemony is an existential threat to The Entity. Originally The Entity exchanged securities for these dollars, one piece of paper for another, or more likely bits of code, with the Federal Reserve. Then it spent them, mostly on the military. The Federal Reserve unloaded these dollar-denominated securities to whoever had faith in the dollars they could exchange them for. Nice work if you can get it, but securities are debt. The Entity is so far in debt that it pays almost a trillion dollars in debt service annually. To do so it needs more dollars and to sell more securities. Faith in this Ponzi scheme might waver. If everyone unloads dollar securities the entity will have to print more dollars, and sell more securities to buy them. Otherwise their price will crash. But what real something or other will these dollars buy given how many will be floating around? For there will be no other buyers unless the dollars can buy something real. The Securities will then be worthless. If Entity securities become worthless so will the dollar. Bye-bye Entity.

The hive-mind’s strategy is to simply deny what has happened, the ostrich maneuver. The Entity didn’t lose in Iraq, it hasn’t as a consequence lost all credibility in the Middle East, dollar hegemony is salvageable, and the Entity might still attack Iran after all. The continuation of dollar hegemony requires a world in which Humpty-Dumpty gets back together.

If only Iran could be put back in the box of dollar hegemony all would go back to what it was. In 2012 the Entity blocked Iran from the SWIFT messaging system for making international payments as punishment for straying from dollar hegemony, the first time that system had ever been used politically. It froze Iranian funds and the trust required for international banking was destroyed. However, Iran continued on its wayward path. Now the Entity withdraws from the JAPOCA, which was very beneficial to all other signers. Obedience to the Entity’s sanctions against Iran is bringing the interests of much of Europe into conflict with those of the Entity.

Without dollar hegemony the dollar will hyper-inflate and destroy the Entity. To restore dollar hegemony it was thought essential that Iran return to the dollar hegemony fold. Why then did Obama sign the treaty with Iran, the JAPOCA? Obama signed the Iran Treaty because of Hassan Rouhani and his party. Rouhani, as President of Iran, was a “moderate” and he had succeeded Mahmoud Ahmadinejad, the notorious hardliner who refused to even negotiate with the Entity. Ahmadinejad had called directly for the end of dollar hegemony. Rouhani won by arguing that he could relieve Entity sanctions on Iran through negotiations. Obama must have hoped that Rouhani could restore Iran to the dollar-hegemony fold. Perhaps a little coup d’état. He was, Obama must have hoped, our man in Tehran. The JAPOCA, which would relieve Iran of some sanctions, would prove to Iran that going along with Entity wishes, in particular dollar hegemony, was good for them. Rouhani was the guy who promised good things for Iran from a rapprochement with the Entity. Without the successful negotiation of the JAPOCA, Rouhani would fail.

The actual contents of the Iran deal, with its various detailed restrictions on Iranian nuclear research and enrichment of Uranium, was a drawn-out shadow play. In the end, Obama demanded only what Rouhani could give. Neocons in the shadows complained that he gave too much, as has Trump. Ahmadinejad, on the Iranian side, said it wouldn’t work, and complained that Iran got too little. In any case it was all a shadow play. Iran had no program to develop nuclear weapons. American Intelligence Agencies all agreed that it had been abandoned in 2003. Actually, it had never existed. Nevertheless, the two sides hammered out various conditions, dragged out the negotiations interminably, and carefully crafted the agreement to be acceptable to both sides. All of this was to present an appearance that would strengthen Rouhani and protect Obama’s rear. Only the lifting of some Entity sanctions was real. That was Rouhani’s win, and in return Rouhani would, Obama hoped, return Iran to the fold or at least “pave the way.”

But Rouhani would not or could not do any such thing. Although he did want to open Iran to the West, he would not restore dollar hegemony. When Rouhani did not do what the Entity hoped, it abandoned him and with him the JAPOCA, which Obama signed only to prop him up. That was the end of any hope for a Ukraine style regime change in Iran. At that point the Entity had to reestablish itself as the bully of the Middle East, which meant it had to threaten to attack Iran. Otherwise even Saudi Arabia, mortally afraid of Iran, wavering on dollar hegemony, and no longer believing in Entity protection, might itself abandon dollar hegemony. That would be curtains.

Earlier this year, the Chinese Ambassador Li Huaxin was pictured with Saudi officials as he praised Saudi Arabia’s Vision 2030, which calls for stronger economic cooperation between the two nations. This pact pressures Saudi Arabia to adopt the “petro-yuan,” which would effectively axe the petrodollar. Although Saudi Arabia relies heavily on U.S. military power, Saudi Arabia warming ties with China closeness are alarming. China’s growing economy and standing in the world could undermine the attitude towards the United States. Above anything else, a shift in alliances could threaten America’s standing in the Middle East and world.

The Entity, unable to face the truth, pretended its position in the Middle East had not changed. It had to punish misbehavior. Withdrawal from the JAPOCA was the first step, even though everyone admitted that Iran had not breached the agreement. Withdrawal from a signed agreement made the Entity no longer “agreement capable”, as Putin commented, for no one could trust its word. Trump’s blathering about a new agreement was nonsense. Diplomacy, for the Entity, is henceforth “off the table.” Europe’s slavish obedience to the Entity exposed its governments as puppets of the Entity to the benefit of the rising pan-European nationalist sentiment hostile to Entity hegemony. The Entity had to reignite its threats against Iran. But this just revived Obama’s dilemma, for the Entity cannot attack Iran without igniting WWIII.

With the credibility the Entity had had while it pretended to be the United States gone, and attacking Iran impossible for any sane entity, Trump is left with only one option if he is to maintain dollar hegemony: to go insane. The only alternative to going insane is to not attack Iran, allow dollar hegemony to dissipate (as is inevitable anyway), and so end The Entity– for the debt accrued through dollar hegemony is unpayable, except in hyperinflated dollars.

This article was originally published by ” – Counterpunch” –

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 The views expressed in this article are solely those of the author and do not necessarily reflect the opinions of Information Clearing House.