Authored by Paul Craig Roberts,
Those of us who have exited The Matrix are concerned that there are no checks on Washington’s use of nuclear weapons in the interest of US hegemony over the world.
Washington and Israel are the threats to peace. Washington demands world hegemony, and Israel demands hegemony in the Middle East.
Not even last night's Moody's credit downgrade of China - the first since 1989 - could dent the global stock rally which has pushed global stock prices to all time highs. After initially sliding, regional stocks and emerging Asian currencies pared early losses following the unexpected downgrade of China, taking their cue from the "sudden reversal" of the Shanghai Composite Index, which some speculated saw the latest intervention of the "national team."
When OPEC sits down on Thursday, keeping the price of Brent above $50 (to avoid a budget catastrophe and social upheaval in Saudi Arabia) and below $60 (to prevent US production from going exponential), will be just one problem the cartel nations and various hangers-on will be desperate to solve. A much bigger one, literally, is the problem that led to this week's OPEC meeting in the first place, and years of headache for OPEC and non-OPEC nations: a record global oil inventory glut.
Offshore Yuan tumbled as Moody's cut China's credit rating to A1 from Aa3, saying that the outlook for the country’s financial strength will worsen, with debt rising and economic growth slowing. This leaves the world's hoped-for reflation engine rated below Estonia, Qatar, and South Korea and on par with Slovakia and Japan.
Those of us who have exited The Matrix are concerned that there are no checks on Washington’s use of nuclear weapons in the interest of US hegemony over the world.
Washington and Israel are the threats to peace. Washington demands world hegemony, and Israel demands hegemony in the Middle East.