Why is the war raging against the Turkish lira?
More accurately what is going on can be described as a battle against the Turkish lira as part of a war to protect the position of the U.S. dollar.
With a huge proportion of external debt denominated in dollars; some $300 billion in private as opposed to government debt amounting to about 50% of Turkish GDP, Turkey is an easy target. That the U.S. has a political beef with Turkey is merely a bonus.
Remembering that, for the United States, maintaining the position of the dollar as a reserve currency is key to the survival of the country, this war is very important.… Click here to continue reading this article
The media is foaming at the mouth at the prospect of a war between North Korea and the USA.
Is a nuclear war likely between North Korea and the USA? Are Donald Trump and Kim Jong-Un likely to go to war?
We say no.
It’s all theatre. Or at least, it’s all theatre now North Korea’s powerful neighbour China have clarified their position thus:
China’s state-run Global Times said: “If the US and South Korea carry out strikes and try to overthrow the North Korean regime and change the political pattern of the Korean Peninsula, China will prevent them from doing so.”
… Click here to continue reading this article
I’m not sure why anyone falls for the dishonest media spin from either side.
The current “cold war” situation owes more to an engineered conflict that is agreeable to both sides (EU/US and Russia) to distract the peasants from the domestic economic turmoil.
Creating political theatre and ‘threats’ allows governments to run loose economic policy and pour money into defence without taking a beating on the markets.
The ISIS/AQ threat is better persecuted by special forces. To be able to dump billions into new defence projects and soak up blue collared workers into a standing military you need a credible threat.… Click here to continue reading this article