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BREAKING NEWS
Richard C. Cook
Global Research
This article contains several forecasts,
including the possible start of a major war with
unforeseeable consequences, if the U.S. should
happen to attack Iran .
Of course it is in the nature of forecasts to
be speculative. There are also forecasts that
are intended to serve as warnings and thereby
contribute to preventing the events under
analysis from ever taking place.
The world’s financial elite, long having made
their homes in the metropolises of Western
Europe, also with a major branch in New York
City , may be the party that is really behind
what could be an attempt to start World War III
by pitting the U.S. against the Asiatic land
powers, most notably Russia
The elite have long viewed control of the
vast resource-rich Asian continent as the key to
control of the world, with the fulcrum of
domination being the oil-rich Middle East . Such
a war could begin if the U.S. and Britain follow
through by attacking Iran on the heels of the
Afghan and Iraq wars and recent military
deployments to the Persian Gulf region.
The attack may be nuclear, egged on by neocon
extremists in the U.S. and their counterparts in
Israel , who may simultaneously carry the attack
to Lebanon and Syria . (See Mahdi Darius
Nazemroaya, “Beating the Drums of a Broader
Middle East War,” Global Research, May 7, 2008.)
These events are closely tied to the U.S.
economic recession now underway and the 2008
presidential election.
What is unique about this analysis is the
author’s contention that the U.S. is being used
unwittingly by the European-based financial
powers for their own purposes. They know that
the U.S. economy is bankrupt, because they have
made it so through a quarter century of
financial manipulations that have destroyed our
manufacturing base and left us horrendously in
debt.
Now they have suckered us into the last thing
we need—a major Asian land war that threatens to
bring Russia and perhaps China into the fray.
But that’s all right, because once we have
exhausted ourselves and courted nuclear
retaliation, Europe, which is uniting under the
European Union, will likely be left standing, as
will Israel .
Note that Israel was created by and owes its
primary allegiance to the European financiers,
especially those in London , even though the
U.S. has been its primary arms supplier and
enabler since the assassination of President
John F. Kennedy in 1963. If the financiers,
aided by Israel , can instigate a major war to
get rid of Russia , along with the U.S. , as
world powers, they will have accomplished their
aim.
The Unique Status of the U.S. and
Russia
The U.S. and Russia are the two
great continental powers which up until about a
century ago most stood in the way of the
rapacity and greed of the international
financial elite. The people of both nations have
a history of being deeply spiritual, talented
and innovative, and rooted in the land. Both
nations tried for a long time to keep Western
Europe , with its history of economic and
colonialist imperialism, at arms length.
Despite the wars and traumas of the 20th
century, both the U.S. and Russia remain
cultures where ordinary people have struggled to
express themselves, to learn, to work, and to
excel, even with Russia ’s background of Tsarist
and Soviet autocracy. See, for instance, the
writings of Russian author Alexander
Solzhenitsyn (1918-).
This heritage is much different from that of
the Western European aristocratic culture with
its rigid class divisions, where an economically
powerful oligarchy has controlled society for
centuries and has always managed to stay on top
despite wars and revolutions.
The aristocratic tradition is most notable in
Great Britain , with the incredible wealth of
the Windsor royal family and the concentric
circles of power and influence which surround
it. These circles are made up of a blend of the
old nobility with the more recent additions of
bankers, financiers, industrialists, government
executives, media moguls, and intelligence
operatives who continue to control much of the
wealth of the world.
The people who settled America fled that
predatory aristocratic culture to find freedom.
It is less well known how Tsarist Russia
resisted Western European domination, but it is
a fact that a longstanding alliance among the
House of Romanoff, the Orthodox Church, the
rural nobility, and the peasantry came together
to create a culture that successfully kept that
nation free from external control for most of
its history.
European Lust for Control of the
Middle East
It was really the European elite, both deeply
materialistic and coldly inhumane, that was
responsible for both of the 20th century’s world
wars, for funding the Bolshevik Revolution in
Russia , and for bringing about today’s economic
crisis that threatens to reduce to abject
poverty or even starve perhaps half of the
world’s population. Now a third world war
threatens, and while it appears on the surface
that the immediate cause may be U.S. ambitions
in the Middle East , this is a mask for the
underlying machinations of the European
controllers who are pulling the strings.
These people couldn’t care less if the U.S.
is bankrupted or destroyed in a larger Asian
conflict while engaged in doing their dirty
work. In fact that appears to be the plan. A
nation like the U.S. that owes as much money as
it does today to foreigners, including China and
Japan who purchase close to half our national
debt, is no longer master of its own destiny.
The European desire for military conquest of
the Middle East dates to the Crusades which
started in the 11th century. By the end of the
18th century, Great Britain had planted itself
on the eastern terminus of the region through
the conquest of India . In 1798, Napoleon
invaded Egypt . World War I saw the destruction
of the Ottoman Empire, with Britain and France
redrawing the map of an area consisting of
almost a million square miles. When Israel was
founded in 1948, it became a Western bridgehead.
But today it’s the U.S. , with its bases in
Saudi Arabia and the Persian Gulf, and conquests
in Afghanistan and Iraq , that leads the charge.
This is so, even though a glance at the map
shows how contrary to our strategic
interests—and how unimaginably expensive—it is
for us to have been drawn into a major
open-ended military commitment in this part of
the world. Some call it empire. Rational men
call it lunacy.
How has this come about? Since the 1970s, the
U.S. has been dangerously dependent on Middle
Eastern oil and on the OPEC nations to purchase
our Treasury bonds. The need to sell our debt
abroad came about late in the Vietnam War when
our post-World War II trade surplus was reversed
and the government went deeply into debt to pay
for the war and the growth in income support
entitlements.
But there is another explanation for why we
are there—pressure from the Jewish lobby. This
lobby acts in the U.S. , perhaps unwittingly and
certainly against its own interests as U.S.
citizens, as a surrogate not only for Israel ,
but, taking a longer view, also for the European
financial elite who backed the creation of a
Jewish national state in Palestine in the first
place.
Of course many Jews, including sizeable
numbers in Israel , themselves no longer believe
in policies which have brought them so much ill
repute. Increasingly, people of goodwill,
including many of the Jewish faith, are coming
to understand that neither opposition to the
abuses of the financial elite nor questioning
the actions of the Israeli state itself is
anti-Jewish or anti-Semitic.
But if events continue in the same direction,
the Asiatic land powers, now loosely organized
through the Shanghai Cooperation Organization,
which includes China , Russia , Kazakhstan ,
Kyrgyzstan , Tajikistan , and Uzbekistan , with
Iran as an observer, will have had enough. There
is a line in the sand facing west as well as
east. A major war is clearly on its way which
seems to be timed to coincide with the ongoing
economic collapse that is undermining the U.S.
economy and also threatening to plunge much of
the world into famine.
Connection with the 2008 Presidential
Election
The war scenario is unfolding now
and will likely accelerate as we approach the
November presidential election. The actions
underway appear to be designed to present any
new president with a fait accompli,
where corrective action is no longer possible.
It would be the last and worst of the
catastrophes visited on our nation by the
revolutionary cabal of George W. Bush, Richard
Cheney, Condoleezza Rice, and the neocon shock
troopers who took over when the Supreme Court
awarded Bush the presidency after the 2000
Florida election debacle. Within nine months
came the 9/11 attacks, followed by wars against
Afghanistan and Iraq using off-the-shelf plans.
Next came the Department of Homeland Security
and the Patriot Acts.
Now in 2008 the three remaining presidential
candidates are all compromised. Hillary Clinton,
with her husband Bill, have long been servitors
of that branch of the international financial
elite headquartered on Wall Street in New York
City . Recently, Republican candidate John
McCain traveled to do homage to Israel , then
attended a soiree with the Fourth Baron
Rothschild in London . Barack Obama has also
affirmed his loyalty to Israel , though his
utterances against Iran are less vehement than
those of Hillary Clinton, who has threatened to
“obliterate” that nation.
Obama appears the most likely to become
president, because the financial controllers,
acting through the corporate media, seem to have
designated him as such. Hillary Clinton is under
intense pressure to get out, even though the
Democratic race is a virtual dead heat and she
just routed Obama in the West Virginia primary.
The latest blow to Clinton is the endorsement of
Obama by John Edwards, the Democrats’ 2004 vice
presidential candidate.
Obama is the candidate who came out of
nowhere because eighty percent of Americans
believe the nation is headed in the wrong
direction. He is the candidate calling for
“change,” whatever that means.
Paul Krugman,
writing for the New York Times, says,
“Mrs. Clinton, we’re assured by sources right
and left, tortures puppies and eats babies. But
her policy proposals continue to be surprisingly
bold and progressive….Mr. Obama is widely
portrayed, not least by himself, as a
transformational figure who will usher in a new
era. But his actual policy proposals, though
liberal, tend to be cautious and relatively
orthodox.”
The determination by the financial
controllers that Obama is the anointed one may
also be shown by the entry into the race of
former Georgia congressman Bob Barr as the
candidate of the Libertarian Party. Barr will
siphon votes away from John McCain and make
Obama’s election a certainty, just as Ross Perot
did with President George H.W. Bush in 1990,
allowing the election to swing to pro-business
Democrat Bill Clinton.
Barr’s entry is no accident and serves
multiple purposes. According to journalist James
P. Tucker, Jr., for instance, attendees at an
April 25-28 meeting of the Trilateral Commission
in Washington , D.C. , made a determination to
stop Republican candidate Dr. Ron Paul’s
momentum in stirring up a political
“revolution.” (James P. Tucker, Jr., “Trilateral
Commission: Global Elite Gather in D.C.,” Global
Research, May 6, 2008)
Dr. Paul, who has been delivering the news
that the Federal Reserve by which the bankers
rule should be abolished, and that U.S. foreign
policy based on military conquest of the world
should end, has been causing, according to the
Trilateralists cited by Tucker, “significant
future damage.” Bob Barr will doubtless be
awarded handsomely for his trouble in helping
de-fuse Dr. Paul’s movement.
Dr. Paul is to be commended for his stance in
taking on the establishment, and from the
financiers’ point of view, such populist
uprisings as he is leading obviously must be
checked. Using a Libertarian candidate to do
this costs them nothing, as it is almost comical
how the “macho” but outdated laissez-faire
economics of the Libertarians play into the
hands of the privately-owned banking system
which makes all the important economic decisions
anyway.
Obviously the financial establishment must
feel reassured by the likelihood that Obama
really won’t change much of anything. Overseas,
this could make it even more certain that a
wider war will start before the election, so
that Obama, being “cautious and relatively
orthodox,” as Krugman says, will go along with
whatever scenario he is handed and so will be
handcuffed by events.
The trigger could be a 9/11-type faux
attack, possibly a “suitcase” nuke going off in
a U.S. port city, as has been rumored. Other
possible scenarios include an attack on Iran
being a cover for the election to be “stolen”
from Obama, or even for the election to be
canceled, with Bush continuing as president.
Perhaps this is what explains Bush’s curious
detachment in the face of his coming departure
as the most unpopular president in history. He
may even entertain the psychopathic idea that
cancelling the election could be perfectly
“legal” and within his rights as a wartime chief
executive. What would Obama do if faced with
such an outrage while out on the campaign trail?
Perhaps nothing.
Meanwhile, Democratic figures in Congress,
such as Senator Joe Biden and Congressman John
Conyers, are threatening to impeach President
Bush if he attacks Iran without a congressional
resolution. Unfortunately, the Democrats are
totally lacking in credibility given their
failure to force Bush to retreat from Iraq
despite their mandate in the 2006 elections
where they regained a majority in both houses.
Bush would probably like nothing more in the
waning days of his presidency than calling their
bluff.
A Calamity Rooted in History
Events on this scale take decades or
even centuries to develop. In fact such plans
may have been in the works at least since the
late 1800s, when three world wars were allegedly
forecast by such figures as the celebrated
Confederate general and Freemason Albert Pike,
elected Sovereign Grand Commander of the
Scottish Rite’s Southern Jurisdiction in 1859.
True to Pike’s prediction, 1914-18 saw World
War I, which forced the centuries-old rule of
the European landed nobility to accommodate to
the banking elites and to the heads of the
industrial cartels which built the war machines
of the combating nations.
According to Benjamin Freedman (1890-1984),
an American eye-witness to events within the
Woodrow Wilson administration, Wilson took the
U.S. to war only after being pressured to
support Great Britain when the British agreed to
facilitate creation of a Zionist state in
Palestine . The original Zionists, led by
Theodor Herzl, had been favorably disposed to
accepting a British offer of virgin land in
Kenya , but the financiers wanted Palestine
because of Middle Eastern oil and proximity to
the Suez Canal . The result was the Balfour
Declaration of 1916.
At the end of World War I came the Russian
Revolution, when the financiers paid for the
Bolsheviks to destroy the Russian Christian
monarchy of the Romanoffs. Soviet communism was
the result. Less than a generation later another
world war was fought, with World War II ending
with the triumph of the U.S. , Britain , France
, the Soviet Union, and China as allies.
Afterwards, finance capitalism exerted its
control of the developing world through the
International Monetary Fund and World Bank.
According to economist Michael Hudson, the West
declared the existence of a Cold War only after
the Soviet Union refused to accede to U.S.
hegemony by joining the IMF. (Michael Hudson,
Superimperialism: The Economic Strategy of
American Empire, 2003)
Another major revolution followed World War
II, as had happened after World War I, but this
time in China , where the communists under Mao
Tse-Tung took over. In 1948, the nation of
Israel was declared, partly through the
instrumentality and wealth of the Third Baron
Rothschild, who was also an MI5 controller and
alleged Soviet agent. (See Roland Perry, The
Fifth Man, 1994.)
The key event in how the financial elite
gained control over the U.S. in the postwar
world was the 1971 decision by the Nixon
administration to remove the dollar gold peg and
allow world currencies to “float.” After the
U.S. agreed to the explosion of OPEC oil prices
in the 1970s, dollars flooded the world. (See
Richard C. Cook, “Extraordinary Times,
Intentional Collapse, and Takedown of the U.S.A.
,” Global Research, April 30, 2008.)
In 1979 the Federal Reserve under Paul
Volcker plunged the U.S. into recession to fight
the resulting inflation, and the U.S. producing
economy was wrecked. Since that time there has
been no real growth of the U.S. GDP or the
standard of living of American workers. Rather a
steady and seemingly irreversible decline has
set in under the euphemistic title of the
“service economy.” Since the early 1980s there
has been a constant cycle of inflating and
deflating asset bubbles, with the latest episode
being the collapse of the housing bubble
following the ruinous housing and real estate
inflation engineered by Alan Greenspan,
Volcker’s successor as head of the Federal
Reserve.
The result of the bubble economy under the
Federal Reserve regime known as “monetarism” has
been a debt overhang on the U.S. producing
economy of $50 trillion, four times the nominal
GDP of $13 billion. There is an additional
overhang of more than $500 trillion in
derivative speculation worldwide that many
legitimate U.S. investors, including employee
pension funds, have been caught up in.
Severe economic distress usually leads to
war, with the elite financing both sides and
using the resulting chaos to redraw the map to
their advantage. We have now had two world wars,
and the third appears to be coming. The end
result, according to “conspiracy theorists,” is
supposed to be a financial world dictatorship
with Europe ’s financial and hereditary
aristocrats at the top of the heap. The center
of this dictatorship would be Northern Europe,
with the focal point being the two-square-mile
financial district known as the City of London .
This group also controls the European Union
headquartered in Brussels .
Then what is left of North America, Asia,
Africa, and Latin America would be tightly
controlled colonies inhabited by relatively
small numbers of “human cattle” and their
overseers. The advanced technological execution
for the machinery of control and oppression
would be the job of professionals in the field,
probably including the British MI5, the CIA, the
Israeli Mossad, and private armed mercenaries
like Blackwater and Halliburton.
Dangers of
the Present Moment
Whatever may be the murky background
of the financiers’ conspiracy of subversion,
what makes the present situation so dangerous is
that entire nations and regions are slipping
from their grasp. Russia , China , Venezuela ,
Bolivia , Ecuador , and other nations are
becoming increasingly independent. Meanwhile, as
food prices inflate, people in developing
nations are facing starvation, even as Western
agribusiness and oil companies reap record
profits. Political upheavals are inevitable.
It has never been so obvious to so many that
Western-style finance capitalism is ruining the
world. An example of the growing awareness is a
new book entitled Currency Wars (Huobi
Zhanzheng), written by a Chinese author who
lived in the United States and worked on Wall
Street.
According to Asia Times Online (April 8,
2008), Currency Wars “has become a
runaway bestseller in China in the past nine
months. The book caused a sensation of interests
and heated discussions in Chinese cyber space
and other media on Western intentions behind its
demand that China quickly appreciate the value
of its currency. Song Hongbing, the book’s
author, draws from a wide range of literature in
English and argues that the modern history of
international finance is primarily a process of
how a very small number of powerful families in
the West have established their control over
governments and international institutions.
“According to Song, there is no such thing as
a free market when it comes to global finance
and financial institutions. From the Rothschild
family at the time of the Napoleonic Wars to the
rise of J.P. Morgan, the Rockefellers, and other
prominent U.S. financial powerhouses, Song sees
all the modern wars, depressions, and manmade
disasters having a linkage to the manipulation
of a handful of Western private bankers.”
And it’s not only in China . Through the
internet, hundreds of millions of people are
wising up to what the central banks and global
corporations run by the world’s super-rich are
doing to them.
So the financiers are realizing that things
are not going their way. The world is becoming
more diverse. Nations, peoples, and regions long
for freedom and security. Science and technology
have the potential to bring about astounding
improvements in the standard of living, as well
as individual knowledge and potency.
There is also a worldwide resurgence of
nationalism, for example, in Russia . After that
nation overthrew communism in 1991, the
international financiers attempted to move in
through the Russian oligarchs and take control
of the nation’s resources. But a free election
brought Vladimir Putin to power. He succeeded in
producing on Russian soil a nationalist
revolution which is loathed by the Western
financier press, such as the Washington Post.
Russia today is regaining its identity and
independence.
In East Asia , China is threatening to break
out of the system of U.S. dollar hegemony and
use its own currency to bring about commercial
stability in the region. In the Middle East,
Iran has yet to cave in to U.S. pressure, the
Palestinians still defy Israel , and in other
areas around the world, including Central Asia,
Africa, and Latin America, movements toward
indigenous self-governance threaten to upset the
“ Washington consensus” and introduce a truly
multilateral tenor to world affairs. The euro is
also making inroads as an alternative reserve
currency.
Meanwhile, the American colossus is eroding.
The U.S. government, with almost $10 trillion in
debt, has been declared functionally bankrupt by
experts. The domestic economy no longer has a
manufacturing sector worth speaking of. Outside
of the financial centers on the east and west
coasts, the nation’s business establishment is
deeply in debt and noncompetitive with overseas
producers. Public health is declining.
The U.S. financial system began to deflate in
the summer of 2007 but has so far avoided a
wholesale crash due to the easy credit policies
of the Federal Reserve in allowing financial
institutions to roll over their debts. This is
all likely to terminate after the 2008 election,
when the Federal Reserve stops bailing out the
system and real depression sets in. Simply put,
the U.S. population no longer has anything close
to sufficient income to support its accustomed
way of life, especially with the ongoing
collapse of the standard of living due to oil
and food price increases.
So the war-mongers may be thinking they must
now act before it’s too late—before a worldwide
convulsion throws them from their seats of
power. The time for the financiers to set off
the next major conflagration may have arrived.
Naïve American politicians are there, as always,
ready to help, perhaps sensing but not really
acknowledging that they have been led into a
trap.
The Real U.S. Strategic Interest
If the next big war starts soon it
will likely have been triggered in order to
distract attention from our economic woes. Once
chaos sets in there will be food riots and
starvation around the world, including in
America . And yes, the police and military are
getting ready. The war will be a handy excuse to
lock up people by using the Patriot Acts and
various executive orders signed by President
George W. Bush. Canada and Israel have already
signed a joint public safety “partnership,”
which doubtless includes cooperation with the
U.S. Department of Homeland Security.
At this point you would expect American
policy-makers to realize that the U.S. has no
strategic interest in maintaining its military
forces overseas in such a vulnerable posture and
would start withdrawing. You would also expect
that they would do what President Franklin
Roosevelt did during the New Deal which was to
utilize public credit to rebuild the U.S. public
and private infrastructure before the economy
collapses altogether.
The fact that none of the mainstream
political leaders, least of all McCain or the
Democratic front-runner Obama, has any intention
of taking such decisive action proves that
policy is not being controlled from within the
United States . When a person or a nation fails
to act in its own self-interest, there has to be
a reason. That reason is usually that its
actions are controlled from outside.
The fact is that the U.S. economy is
controlled by international finance, not by the
U.S. business establishment or by our own
political system. So the U.S. cannot change
anything, especially in taking effective and
rational measures to get the nation out of debt.
Similarly in the area of foreign and military
affairs, the nation appears unable to backtrack
from its march to catastrophe.
So whether the people of this nation want it
or not—and a majority do not—wars are being
waged, with the one against Iran likely to be
followed by a general world conflict—the battle
for Asia . It will be the financiers and their
personal military forces—chiefly Israel , which
is armed to the teeth with nuclear weapons—who
will be left to pick up the pieces once the U.S.
and Russia have reduced each other’s forces to
rubble.
Can anything be done? Of course. A U.S.
president worthy of the office would take two
immediate actions. The first would be to abolish
the Federal Reserve, as Ron Paul advocates. But
instead of hankering for a Libertarian
“free-banking” system more suited to 1830 than
to 2008, “We the People” should demand that our
elected representatives in the White House and
Congress use public credit to rebuild our
economy and provide our people with real income
security. (See Richard C. Cook, "An Emergency
Program of Monetary Reform for the United
States," Global Research, April 26, 2007.)
The second immediate action should be to stop
trying to conquer the globe militarily on behalf
of alien financial and geopolitical interests.
These measures will also allow the governmental
tax burden to be cut radically, because the main
purposes of the income tax are to pay interest
on the national debt and finance wars.
It is now time for all genuine American
patriots, including those in the military,
intelligence, and political establishments, as
well as students, workers, employees, managers,
industrialists, and retirees to recognize the
crisis and step forward fearlessly to defend the
real interests of our country. Increasingly
people are coming to understand that winning the
battle for America requires steadfast opposition
to the cabal which holds power and is ready to
throw our nation and its population to the
wolves for a bit of vainglory and thirty pieces
of silver.
Unfortunately, it seems to be the way with
empires for those in power to be identified
exclusively with their personal self-interest
while the world crashes down around them. People
must wake up. The house is on fire. We can only
hope that some still have eyes to see.
Of course everything in Washington could
change with a responsible president who is
supported by a new Congress which has the
determination that should be expected after the
voters take their vengeance this November on a
Republican Party that Bush, Cheney, and Rice
have tarred with infamy. But then again only if
a widened Middle Eastern war can be prevented
between now and then. It could be prevented if
an awakened military loyal to the Constitution
refused to obey the illegal orders of a
repudiated lame duck president acting without
congressional authorization.
For the longer-term, we should step back,
reassess the geopolitical outlook, and take the
long-overdue step of recognizing who our natural
allies in the world really are. One of these is
Russia . Instead of fighting Russia we should
forge a new alliance with that nation with the
aim of securing peace, first in the Middle East
and then in the world.
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