[The key quote from this article: "Total centralization is the goal, and economic fear is the tool they hope to use to get there."]
The current global mishmash of interdependent and socialized economies are, at bottom, schizophrenic. Our markets are not based in any fundamental reality. There is very little tangible foundation left to stand on, and this has been the case for several years. Yet some people might argue that since the derivatives crash of 2008, most of the world has continued to walk on air and there is little for us to worry about.
The power of fantasy is that it is self-perpetuating. Fantasies are fueled most commonly by misplaced hopes and unhealthy or unrealistic desires, and such things are darkly and grotesquely energizing. Fantasies can indeed keep economies around the world functionally alive even when they are clinically dead. But again, there is always an end.
Europe has just experienced the worst “near miss” yet with the Greek crisis, a crisis that is still not over and will likely end in chaos as the last-minute deal with the European Central Bank is derailed by International Monetary Fund intervention.
Keep in mind that Europe is overwhelmed with debt as peripheral countries border collapse and core nations like France float in a recessionary ether they refuse to openly acknowledge.
In the U.S., markets have experienced a delayed reaction of sorts, due in great part to the Federal Reserve’s constant injections of fiat fantasy fuel since the credit crisis began.
This kind of artificial support for markets has become an expected and essential part of market psychology, resulting in utter dependency on easy money siphoned into big banks that then use it to bolster equities through massive stock buybacks (among other methods). Now, however, quantitative easing has been tapered and zero interest-rate policy is nearing the chopping block.
The stock buyback scam is nearing an end.
Already, U.S. stocks are beginning to feel the pain as reality slowly nibbles away once dependable gains. There is a good reason for this – Wages are in constant decline; manufacturing is in steady decline; retail sales are in decline, and government and personal debts continue to rise.
We are not immune to the financial chaos of other nations exactly because we have been railroaded into a highly interdependent global economic system. In fact, much international fiscal uncertainty is tied directly to the fall of the American consumer as a reliable cash cow and economic engine.
Shamus Cooke at Off-Guardian headlines on 3 August 2015, “Obama’s ‘Safe Zone’ in Syria Intended to Turn It into New Libya,” and he reports that Obama has approved U.S. air support for Turkey’s previously unenfoceable no-fly zone over Syria.
The U.S. will now shoot down all of Syrian President Bashar al-Assad’s planes that are targeting the extremist-Muslim groups, including ISIS, that have taken over huge swaths of Syrian territory.
“Turkey has been demanding this no-fly zone from Obama since the Syrian war started. It’s been discussed throughout the conflict and even in recent months, though the intended goal was always the Syrian government. And suddenly the no-fly zone is happening — right where Turkey always wanted it — but it’s being labeled an 'anti-ISIS' safe zone, instead of its proper name: 'Anti Kurdish and anti-Syrian government' safe zone.”
The New York Times reported on July 27th, that, "the plan calls for relatively moderate Syrian insurgents to take the territory, with the help of American and possibly Turkish air support.” However, the Times, stenographically reporting (as usual) from and for their U.S. Government sources (and so propagandizing for the U.S. Government), fails to define “relatively moderate,” but all of the “relatively moderate insurgent” groups in Syria cooperate with ISIS and help them to find and decapitate, or sometimes hold for ransoms, any non-Muslims there.
Under Assad, Syria has been a non-clerical state, and has enjoyed freedom of religion, but all of the Syrian opposition to Assad’s rule is alien to that. The U.S. is now, even more clearly than before, anti-Assad, pro-Islamist.
Seymour Hersh reported in the London Review of Bookson 17 April 2014, that the Obama Administration’s Libyan bombing campaign in 2011 was part of a broader program to bring sarin gas from Libya to the al-Nusra Front in Syria, in order to help produce a gas-attack upon civilians, which the U.S. Administration could then blame upon Assad, as being an excuse to bomb there just as Obama had already so successfully done in Libya.
Both dictators, Gaddafi and Assad, were allied with Russia, and Assad especially has been important to Russia, as a transit-route for Russia’s gas supplies, and not for Qatar’s gas supplies — Qatar being the major potential threat to Russia’s status as the top supplier of gas into Europe.
Consequently, for example, in terms of U.S. international strategy, the fact that the economic sanctions against Russia are enormously harming the economies of European nations is good, not bad.
Last week alone, there were over a dozen firebomb attacks. This year so far there were 102 firebomb attacks. Even the Intifada itself began when a Molotov cocktail was thrown at Israeli soldiers. Over the next four years, there were 3,600 firebomb attacks. Burning Jews to death is what Palestine is all about.