It’s the Maps, Stupid!

Trump’s War Will End Up Destroying the Whole Gulf — As It’s Meant To

Trump is an insane megalomaniac, surrounded by crooks getting rich through insider trading. Trump has been fooled, bribed or blackmailed by Netanyahu into going to war for Greater Israel. Trump is just a patsy for the World Economic Forum, which sees the Gulf energy crisis as the perfect way to shrink our carbon footprint and advance their depopulation agenda.

Broadly speaking, those are the three main explanations for the war on Iran and the energy crisis it has all too predictably unleashed. They are not mutually exclusive, of course, and the most realistic view is that each of these things is a factor, with different ‘elite’ factions favouring war and energy chaos for their own specific reasons.

As I wrote the other day at the end of ‘Say Goodbye to Normal’ however, it is also possible to see it as the purely materialistic, coldly calculated response of the American financial/military/industrial elite to challenges which they found themselves unable to stop, but whose results they still hope to turn to their advantage.

Say Goodbye to ‘Normal’

Nick Griffin

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Mar 31

If you ever wondered what it was like to be a young man in the early autumn 1914, you know now. Regardless of your age, the war on Iran has already ended that last carefree summer. It is now only a matter of days, and one more escalation in the clashes already occurring, before the comfort and ease you grew up regarding as ‘normal’ have gone forever.

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To understand this, we have to start with the petrodollar. As I explained, this has been the way the global oil market has worked since 1974. In very simple terms, America agreed to provide the military support to keep the corrupt, Islamist-fanatic House of Saud in power. In return, the Saudis agreed to price their oil – and every barrel of oil sold on the planet – in dollars. Everyone wanting to buy oil had to buy dollars, which the Federal Reserve simply printed. Anyone who tried to sell their oil in anything but dollars ended up like Gaddafi, Saddam Hussein or Maduro.

The vast sums of money and bargain-basement priced raw materials and finished goods which have poured into America as a result have been the foundation of US prosperity at home and military power abroad. Washington’s global imperium of the last fifty years has only been possible because of the petrodollar and the petrodollar recycling system.

The grip of the U.S. dollar over global oil purchases was already weakening in the early 2020s. Several countries—especially China and Russia—began increasing the use of their own currencies for energy trade. This didn’t immediately break the system, but it signalled that the dollar monopoly was no longer unquestioned.

The petrodollar faced being ground down by the increasing independence and clout of the expanding BRICS alliance but, in the end, the lethal blow was delivered by America’s old partner – Saudi Arabia. When the fifty-year-old agreement came to an end in June 2024, the ruling clique of the House of Saud declined to renew it.

Much of the Saudi oil trade has continued to be in U.S. dollars, but payments are now also accepted in yuan, euros, yen, and rupees.

This event fits squarely into the broader trend of de-dollarisation, where central banks globally have been diversifying their foreign exchange reserves away from the US dollar. Its share in global reserves has declined from 73% in 2001 to 58.4% in 2023. Ironically, the weaponisation” of the US dollar through sanctions, particularly against Russia, has provided a strong impetus for many countries, especially the BRICS nations, to seek alternatives and enhance their economic sovereignty.

Historically, shifts in global reserve currencies, such as the Spanish Silver Dollar, the Dutch Guilder, and the British Pound Sterling, have always coincided with the collapse and replacement of successive hegemons. The current shift is a powerful indicator of a move towards a more multipolar financial system – and the end of the short ‘American Century’.

The end of the petrodollar left the Beltway/Wall Street elite with the Mother of All Problems: How to preserve US hegemony and their own bottom lines when they have lost the financial mechanism which made their global hegemony possible? They certainly had to do something, America’s debt mountain is so enormous that the cutting off of the imperial tribute system would not just end their power abroad, but quite likely create so much stress at home as to plunge the whole place into civil war.

Something had to be done. For a few years they seem to have hoped that they could continue business as usual. They strove to break the BRICS challenge by ousting Putin and turning Russia back into their Yeltsin-era quarry, then confronting an isolated China.

Orange Puppet

With no possibility of keeping the petrodollar and global hegemony, what is now going on is an effort to concentrate on saving the finance capitalist system in North America, and to preserve US power, not by competing with everyone else, but by reducing them to ruin.

Obviously, the war in Iran is a large part a consequence of the enormous power of the Israel lobby over US politicians, and the madness of the Christian-Zionists and the Rapture heretics. Trump’s family connections to the equally barking mad Chabad Lubavitch are also clearly a factor.

But Trump can be manipulated in other ways too. Imagine his reaction when briefed on the fact that the Saudi refusal to renew the petrodollar had put America on the road to financial Armageddon:

“Those camel-f*cking ingrates. We protected them for fifty years and they turn round and stab us in the back. Well, if they won’t pay for protection, they won’t get it. And, boy, do they need it! In fact, we’ll make sure they need it. Then they’ll come crawling back for a deal, which we could give them, but probably won’t, because we don’t use their oil, but China does. So, if their oil industry goes up in flames, the gooks get burnt too.”

Continues…