July 9, 2012
Dominique de Kevelioc de Bailleul of Beacon Equity Research predicts that the coming conflict with Syria will be the trigger event that takes down the U.S. dollar. A military response to Syria and Iran would likely draw in Russia and China, he warns, and the result would be a conflagration the world has not witnessed since the Second World War.
“Cold War-like comments made at the ‘Friends of Syria’ conference in Paris by U.S. Secretary of State Hillary Clinton toward Russia and China strongly suggest that a showdown between the former Cold War rivals, now to include China, is on.” he writes. “The prize: oil – and by implications the future of the U.S. petrodollar standard and the American way of life.
U.S. Secretary of State Clinton excoriates China and Russia.
On Friday, during a meeting with French Foreign Minister Laurent Fabius and Friends of the Syrian People (an umbrella organization created by Nicholas Sarkozy), Clinton demanded China and Russia pay a price for not supporting military action against Syria and its leader, Bashar al-Assad. Russia and China are “holding up progress and blockading it,” she insisted.
The Syrian opposition used the meeting in Paris to call for a “no-fly zone” in Syria, a move Russia opposes. A similar no-fly zone in Libya last year announced by the Chairman of the Joint Chiefs of Staff, Mike Mullen, was used to attack the north African country with Tomahawk cruise missiles and target air defense facilities, tanks, and artillery.
In November, Paul Joseph Watson wrote that the “same Al-Qaeda terrorists who fought U.S. troops in Iraq and helped NATO overthrow Colonel Gaddafi are now being airlifted into Syria to aid rebels there in toppling President Bashar al-Assad.”
Also in November, Milliyet, a major Turkish newspaper, reported that France had sent its military trainers to Turkey and Lebanon to aid the so-called Free Syrian Army (FSA). The FSA is supported by the British intelligence asset the Muslim Brotherhood and the al-Qaeda infested National Transitional Council in Libya.
In order for the coordinated attack to work in deposing al-Assad and arranging a government amenable to the bankster elite, Russia and China will require persuasion to drop their opposition:
The U.S. Secretary of State went on to accuse Russia, China and Iran of supporting Syria’s Assad regime economically and militarily, and called upon other nations to comply with UN sanctions levied upon Syria – sanctions which would also include refusing oil shipments from Syria’s vital economic support and trusted ally, Iran. But for continued sanctions against Syria to be effective, “much will remain dependent on persuading the two reluctant powers [Russia and China] to pressure Assad into action [of peaceful regime change in Syria],” according to Canada’s CBCNews.
Though, Russia and China have already agreed to a peaceful resolution to the Syrian civil war, signing off on the Security Council plan drafted by former-UN Secretary-General Kofi Annan, it’s more likely that Moscow and Beijing are playing politics of cooperation to buy more time for the Assad regime. Russia and China do not want regime change in yet another Middle Eastern country for a host of economic and political reasons, of which, the primary one is to stop the U.S. from controlling the region’s oil supplies to Russia’s ally and co-founding member of the Shanghai Cooperation Organization (SCO), China.
Dominique de Kevelioc de Bailleul cites authors John Barry and Dan Ephron, who highlighted in 2004 during the height of neocon control of the Pentagon the central role of Syria in the effort to destabilize and topple disfavored regimes in the Middle East.
“Syria and Iran have been targets of interest of the U.S. for quite some time, as Washington under the George W. Bush Administration had known that a day would come when the U.S. and China would bang heads for precious crude supplies in the Middle East,” writes de Kevelioc de Bailleul.
“Whether it’s the Obama Administration or another neocon U.S. president in control of the executive branch, the petrodollar standard must be defended in the Middle East. The Iranian/Syrian alliance has stood in the way of total U.S. dominance in the region, but now the matter has become urgent following Iran’s announcement in Feb. 2012, that it has broken ranks in the petrodollar scheme. It now will not accept the dollar as payment for Persian oil.”
Pentagon wargame plans, Barry and Ephron note, would go badly for the United States. “The war games were unsuccessful at preventing the conflict from escalating,” they write for Newsweek.
Despite the risk of finally toppling the hegemony of the U.S. dollar and destroying dominance of the petrodollar, Obama and Clinton (and, if selected, Romney and his virulent clan of neocons) are determined to push forward with an endgame involving Syria (the fifteenth largest military in the world; 325,000 active troops) and Iran (the ninth largest military at 523,000 active troops).
“Either the U.S. dollar temporarily withstands an all-out war against the most formidable foes since the Germany-Japan-Italy axis of WWII, or it doesn’t,” Dominique de Kevelioc de Bailleul concludes. “But in the end, odds heavily favor an abandonment of the dollar as the world’s premier reserve currency; it’s just become too much trouble for too many nations, now. The conditioning of the U.S. population to expect a heavy-handed government continues unchecked and unchallenged by the Congress, because internally Washington knows the dollar’s days are numbered – and it could be as close as the day of next scheduled military conflict in the Middle East.”