WHEN NIGHT IS FALLING

by Malik Isasis
























Like a fish that has been pulled from the ocean, we are witnessing the United States flapping about the deck gasping in the last moments of its superpower life. As we witness the collapse of the dollar in slow motion, it is only a symptom of the sun setting on the United States’ ability to project power and dominate world markets. Like the superpowers before it, the United States is going to find itself on the recycling heap of former superpowers.

On November 6th of 2000 Iraq became the first country to receive all of its oil export payments in euros instead of American dollars. This switch was estimated to cost Iraq $270 million dollars, but Iraq had since actually come out on top due to the rise in the value of the euro, which was actually probably influenced by Iraq’s decision to use the euro as its foreign exchange currency. At the time of the switch Iraq was selling over $60 million in crude oil a day so its easy to see that the change to the use of the euro could have a positive effect on the value of the euro.

Walking Dead

Since 1971 the world’s oil supply has been traded in U.S. dollars making the dollar the dominant reserve currency forcing countries who pay for energy and International Monetary Fund debt to use the dollar. Saddam Hussein was the first of the OPEC nations to start selling oil in euros, upsetting the U.S. monopoly. We all know what happened to Saddam. He became a casualty of ‘The War on Terror’. Syria, Iran has threatened to use euros as the reserve currency for buying oil. They are both being threatened by the United States and its proxy, Israel. Venezuela has threatened to use euros, and has even bartered around the dollar by trading with developing countries in energy for goods and services. As a result of President Chavez's disdain toward US policy, an attempt coup d’etat in 2002 by the Bush administration, failed.

"All of this is bad news for the US economy and the dollar. The fear for Washington will be that not only will the future price of oil not be right, but the currency might not be right either. Which perhaps helps explain why the US is increasingly turning to its second major tool for dominating world affairs: military force."

Bush has no sense of boundaries and will break the military by involving it in its attempt to occupy and subjugate the whole of the Middle East for the energy needs and the preservation of U.S. dominance.

Bush and his corporate pirates are acting like cornered cats lashing out, using all the blunt force of the government to maintain power over others. Power is only maintained because others are complicit to it. The world is no longer complicit to the United States and its discretions.

George Bush and his enablers have overplayed their hand. As we fall from grace and off the shelf of superpower, maybe it will humble us as it did European countries who’ve watched the sun set on their ability to project power, and now they are sitting back on the beach with Pena Colidas, enjoying the schadenfreude and the sun setting on America.

PIMP THIS |