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(en) Ireland -Organise! War is the health of the economy

From Al S <klasbatalemo@yahoo.ie>
Date Sat, 1 May 2004 15:32:19 +0200 (CEST)


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"I spent thirty-three years and four months in active
military service as a member of this country's most
agile military force, the Marine Corps. I served in
all commissioned ranks from Second Lieutenant to Major
General. And during that period, I spent most of my
time being a high class muscle-man for Big Business,
for Wall Street and for the Bankers. In short, I was a
racketeer, a gangster for capitalism.

During those years, I had, as the boys in the back
room would say, a swell racket. Looking back on it, I
feel that I could have given Al Capone a few hints.
The best he could do was to operate his racket in
three districts. I operated on three continents”

-General Smedley Butler

64% of the world’s proven oil reserves lie in the
Persian Gulf region.

The oil producing states are a gold mine, not only
from oil itself, but also from the arms their oil rich
monarchies purchase from the U.S., plus their
investments in land, hotels, and other enterprises in
the West.

It makes a difference if oil profit is spent on
American arms, or invested in New York hotels, as with
that of Saudi Arabia, or if it is ploughed into
internal development (the case with Iraq and Iran).

Sanctions, the U.N. imposed outlawing of trade with
Iraq, have, in recent years, been increasingly
flouted, principally by French, Russian and Chinese
companies. Foreign oil contracts worth $ 1.1 trillion
were made by the Hussein regime in the last decade.
Effectively leaving American corporates out in the
cold.

A powerful impetus for “regime change”.

The world’s oil is traded in dollars, helping to make
the dollar the world’s most important currency. Much
of the world’s central bank reserves are held in
dollars. This allows the U.S. the ability to survive
the sort of trade deficit (i.e. to import far more
than is exported) and national debt that elsewhere
would cause a massive currency devaluation. However
parts of OPEC ,– the consortium of oil producing
states, have moved to euro (including Iraq), others
are considering doing so. Control of Iraqi oil is a
means of breaking OPEC before it moves over to euro.

“For globalisation to work, America can’t be afraid to
act like the almighty superpower that it is. The
hidden hand of the market will never work without a
hidden fist. McDonald’s cannot flourish without
McDonnell-Douglas, the designer of the F-15, and the
hidden fist that keeps the world safe for Silicon
Valley’s technology is called the United States Army,
Air Force, Navy and Marine Corps.” - New York Times

******************************************************

>From the pages of Working Class Resistance (WCR) #5,
regular bulletin of Organise!

http://www.organiseireland.org

To distribute WCR!, contact Organise! at:

organiseireland@yahoo.ie


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